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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jan 09, 1915
Page
12
Wordele Ga January 3 Special that Cordele schools report over 700 pupils enrolled since spring term start. Opening exercises featured Mayor Gordon Jones. all schools reportedly clear of debt with funds in local banks to sustain next year and pay teachers.
A house on East Highlands owned by Mrs Annie Mitchell burned at 2 AM with no furniture saved. Mitchell and her daughter escaped as the roof collapsed. The incident follows two other mysterious fires in the area in two weeks, with unsigned threatening letters received in some cases. Investigations are underway outside city limits.
Nathan Straus, New York financier, spent a day in Columbus Georgia, his boyhood home. He walked through the city visiting schools and was guest of honor at an Industrial High School dinner. He may move back to Georgia but has not chosen a residence yet. He will tour Talbotton on Monday, his birthplace.
In Uowanaville on January 3 special election results show Mayor J I Askew winning by a large majority. Councilmen elected include A T Hightower J C Freeman Th Wi Robison J W Smith and D D Daniel, the sole incumbent reelected.
In Villa Rica Go January special report, the municipal election today chose Colonel J. Moore by a large majority over rival B. J. Teal. The successful councilmen elected included George Harper, W. W. J., B. A. O. White, G. W. Clegs, and O. Fielder.
Homer Virginia held a city election today electing TR Inney mayor. Reverend S J Eloxan Methodist pastor and Obediah Walton cashier of the Banks County bank were chosen as councilmen.
In Americus Georgia on January 8 the first dividend of 19 percent was paid to depositors of the Americus Trust and Savings Bank, a department of the wrecked Americus National, directed by Matthew M. Lowrey. Deposits total about $18,000. additional dividends likely as assets realize. Most depositors are women children and people of slender means. The National’s indebtedness exceeds $200,000 and creditors expect under 60 cents on the dollar. Stoeckhalders lost their entire $100,000 capital and a liability payment as well due to the same officers who ran both banks.
State convention of the Farmers' union will gather in Dublin Georgia on January 21 and 22. J T McQuawley will not seek re election after years as secretary. Secretary role may shift to a south Georgia city, likely Dublin or Douglas. McDaniel retiring secretary helped organize most Georgia counties and will leave long service.
Locust Grove Institute in Locust Grove ta begins its spring term under favorable conditions. Most former students have returned and new ones continue to arrive as President Claud Gray expresses optimism about the outlook.
New York January 8 There was rising investment demand and continued buying by houses with foreign connections in cotton after the holidays. Prices reached new high records with active months selling a cent 8 per pound or more above last month’s low. Export movement remains free and a large cotton accumulation at ports and interiors shapes a bearish sentiment due to financing, insurance, and freight concerns. Exports for the week around 440000 bales set a season high, with shipments to Bremen, Sweden, and Vladivostok from Savannah.
Professional notes from New York and Liverpool describe hedge selling easing prices around 8.60 for October then rising about 16 points as demand from spinners and outside accounts absorbs the decline. Liverpool strength curbs expected drops abroad, with high freight rates and firm Manchester demand indicating investment buying while American spinners await further trade developments.
Washington reports latest cotton quotes from Germany via Ambassador Gerard. Indian good middling offered for January at about 14.4 cents a pound at Bremen, with Bremen reports noting limited stock sales around 20 cents. Bremen Cotton Exchange closed. Hamburg prices near 28 cents. January cotton in New York selling at under a cent per pound.
The cotton market firmed with active demand in the afternoon and closed 16 to 14 points higher. Opening rose 1 to 4 points, some trade selling followed, but gains were rebuilt on covering and renewed investment demand. Liverpool weekly figures and higher spinner takings supported the late advance as spot houses stayed moderate and offerings did not rise.
New York January 8 stock market showed gains in speculative issues with early strength fading in final hour as profits were realized. Railways like Great Northern and Northern Pacific stayed firm, Reading Union Pacific and Pennsylvania fell on the move up. Coppers gained on higher domestic price, May wheat hit a new high and cotton exports rose. London trading was steadier, banks reported sale of New York Central notes, Argentina notes sold at a premium, and British Columbia loan offered at good rates. Our shares firmer in London with steady bond activity.
New York and London commodities markets show steady mercantile paper and sterling exchange. Bond markets hold steady with government and railroad bonds firm as money rates hover near 2 percent. Holiday observed in New Orleans for centennial celebration affecting cotton trade.
Cotton spot quiet with sales on the spot. Totals include 350 bales to arrive and 1,900 price level, with varying grades such as good ordinary and strict middling. The record lists numerous figures like 644 inw middling and 75a strict middling, plus a stock of 53,938 and facets totaling 7,506.
Cotton reports show steady midling at 7 11-16 with varied receipts and stock levels across ports. New York middling 8 with 7,080 exports. Savannah 7 ¾ middling, stock 300,119. Galveston 7 middling, 43,403 exports. total daily receipts 64,046 and exports 85,312. Interior movement lists Houston 7 16, Memphis 1 5/8, Augusta 7 3/16, with overall season receipts 6,085,519 and exports 2,846,509 across markets.
Liverpool reports weekly cotton statistics with 128 900 bales in forward, 104 600 American. Stock 901 000 with 623 000 American. Imports 204 900 American 172 000 and exports 6 700. Dry Goods and wool markets in New York show strength, cotton goods steady, yarns quiet. Rice market in New Orleans shows no business today.
Chicago traders watched war buying push wheat sharply higher as margins doubled amid buying by speculators exporters and millers. May wheat rode to 141% a bushel, up 27.4 from the day before, with the market ending unsettled and gains across corn oats and provisions. North American exports set a weekly record, while large hog receipts and grain volatility influenced prices in a tense session.
Market roundup by W B White Jr lists beef cattle prices by grade with good steers at 5.76 to 6.25 per hundredweight and hogs at 7.35 to 7.50. grocery prices include canned goods, flour, meal, and various farm feeds with prices corrected by the Oglesby Grocery Company. Market notes indicate cattle receipts light and hogs near normal. prices subject to market changes.
New York reports firmer oil and coffee markets with buying from traders and export rumors. Cotton seed oil closes higher across most positions while coffee futures gain 11 to 10 points amid improved spot demand and Wall Street activity. Spot prices and related commodities also show firming trends across copper and sugar, with mixed signals in wool and sea island cotton markets.
Dun's weekly review of trade notes improving tendencies as the new year opens. An advance in cotton offers promise despite speculation. futures sales spread over months. Large exports of over 1,090,000 bales of cotton in four weeks aid the market, with German credit lines in New York banks financing shipments. Bank clearings total 2,601,445,350 dollars, down 2 percent from last year. Wheat exports reach 8,716,943 bushels versus 5,475,190 Amherst a year ago. U.S. business failures total 692, Canada 75, compared with last year.
Kansas City and Chicago market notes show hogs firm to mixed, receipts around 9.00 with bulk near 6.00, cattle largely steady with fed steers near 9.00 and cows around 5.50 to 6.25, sheep and lambs mixed with prices near 5.85 for lambs and yearlings around 6. ledgers from St Louis and Savannah report hogs lower in some reads, beef cattle steady, turpentine and rosin markets in Savannah varied with shipments and stacks recorded.
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