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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jan 09, 1921
Page
9
New York traders saw continued demand for securities in the first week of 1921. Liberty bonds, railroad bonds, and high grade stocks saw solid or rising prices while speculative issues pulled back. Analysts expect a possible March upswing with rails and equipment stocks offering the best investment prospects.
The United States imported nearly 20 million pounds more sugar in November than the same month in 1919, with the Philippines contributing over half the total. Argentina halted corn exports, while wool imports from Argentina and Uruguay fell well below 1919 levels. Exports showed wheat leading, Great Britain as top buyer, and iron and steel shipments rising in value. Oil and copper markets eyed demand prospects amid signs of possible price gains.
A clipped recount of U S wealth growth from seven billion during the Civil War to about two hundred twenty five billion today. It cites England as the only comparable nation with eighty billion, and claims the United States leads global production in agriculture mining and manufacturing.
Local markets report bank clearings and quotations for Atlanta area produce and meats. Prices cover cotton seed products, poultry, dairy, vegetables, fruits, and live stock with wholesale and retail ranges and provider names noted.
Washington January Sarmera SH hold a great amount of onions potatoes and various root crops says the Weekly Market Review today of the department of agriculture. The review declares perhaps there never was a time when average prices obtained tellk so far below coat of production and marketing. Despite record crops shipments are far behind normal the review says adding that farmers hesitate to accept the loss involved in selling at the present movement in price since the holidays. Potato prices pace near season’s lows at 1.26 per 190 pounds in the Chicago carload market. Other city markets range from 1.50 to 2.10. Cabbage prices range from 20 to 30 a ton and the apple market is dull with city prices 4 to 5 per barrel for heat grades.
Regular weekly report shows gold reserves, gold certificates, and silver holdings. It lists total resources, liabilities, and deposits with details on securities, notes, and assets. Includes figures for gold reserve, federal reserve notes, and bonds with a summary of net position.
James A Hollomon reports Georgia Bureau of Markets Director L B Mackeon told the House Agricultural Committee that speculative short selling harms agriculture. He urged laws prohibiting short selling of futures, requiring sellers to prove ownership and storage, with penalties for false affidavits and inspection by agriculture officials. He cited wartime bear raids as precedent and noted committee questions on details.
Washington hearing notes that despite requests from Georgia producers and dealers, the Interstate Commerce Commission finds no basis to grant material cotton rate reductions. Officials say rates may rise countrywide if changes are made, requiring full hearings to prove discrimination or unreasonableness under the Interstate Commerce Act. Bibb County, Georgia, leads a complaint for consideration at St. Louis.
Yeggmen entered the Bank of Sasser in Sasser, Georgia, seven miles southeast of Dawson, blew the vault and gate doors with a unknown device, stealing several thousand dollars in cash and negotiable securities and robbing safety deposit boxes. The town was helped by telephone lines while the crime was uncovered. Insurance covered the loss.
Reports praise 1920 highway progress in Georgia with 1162 miles of state roads and 24 bridges under construction financed by federal and state funds. Georgia leaders and engineers outline plans, costs, and the need for a coordinated state highway system. National election details cover electoral college processes and timing for Harding and Cox Roosevelt victory confirmation.
Chicago January 3 Attorney General Brundage of Illinois declares Chicago whiskey sold as vile poison. The statement coincides with federal district court injunctions against saloon proprietors and landlords. He cites samples from unscrupulous vendors charging 75 cents a drink and claims the concoctions are potentially deadly.
Jackson Miss January 8 A motion to disserve the temporary injunction restraining fire insurance companies from conspiring to withdraw and cancel existing policies was heard before Chancellor W J Strickar. The chancellor said he would rule soon after hearing arguments from state revenue agents and insurers. Attorneys for the insurers were H H Watkin and J B Harris of Jackson, while J C Potter and Judge Clayton Potter of Jackson and J W Clatsy of Crookhaven represented the state revenue agent. The revenue agent filed an amendment charging a conspiracy to withdraw from the state and discontinue fire protection to Mississippi policyholders. The amendment referred to a New York conference with the board of five underwriters prior to a decision to withdraw.
Cartersville church announces Rev. G. W. Gasque of plants will serve as supply rector for the Episcopal congregation. He will preach next Sunday. The rectorate has relocated from Norfolk Virginia, with details announced this week.
A fragmented notice states Mardi Gras celebrations planned for February 8 in New Orleans. The garbled text references a statement and a company, with unreadable details about the event or organizers.
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