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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jan 12, 1921
Page
3
A New York report details harsh fortunes for Crucible where shorts grimly faced a bear market rally, with prices leaping from 84 1 4 to 97 3 4 and a night’s loan premium of 75 a hundred shares. Traders rush to cover across Mexican petroleum, Baldwin, Republic Iron and Steel, and American Wool, while Sears Roebuck faces dividend doubt as rail earnings discuss capital spending and profitability shifts.
Prominent National Clay Producers led by Hayne of Augusta urge a $6 a ton duty on kaolin and china clay at a House committee hearing. Georgia beds in Wilkinson and Richmond counties dominate supply. Edgar Brothers of New Jersey own over $250,000 invested. They argue current $3.25 duty and ballast use hinder American producers against English imports.
Bank clearings show Tuesday totals of 8,215,078.77 dollars, with Atlanta quotations for spot cotton including middling prices. Readings cover receipts, shipments, and stocks in bales, highlighting Atlanta market activity and supply measures for the period.
In Nav al Stores Nab Ga J 11 Turpentine question notes Emma Sells Marsh of Topek a received a for ter twenty stores widows half feet long from her daughter who is touring Japan.
New York January 11 stocks advanced as turnover neared 2,200,000 shares with speculative strength in special issues and heavy gains in food related strong issues led by Crucible at about a one point net rise. Foreign exchange strength and easier money supported the session though profits were trimmed by realizations. Bond market showed no clear trend with many issues retreating. total par value of sales reached 12,675,010. Old United States bonds were unchanged on call.
Foreign buying and signs of better milling demand push wheat higher on January 11 with March trading near the top since November. Corn and oats show gains or little change while provisions rise on short covering and hog-value weakness. Chicago quotes reflect mixed futures with steady to firmer cash grains and ongoing export activity.
London money markets and Liberty bonds report mild changes with short bills at 6.44 percent and three month bills at 12.416 percent. New York copper, tin, lead, and zinc quotes show nominal to mixed moves. Livestock receipts in Louisville include heavy steers and hogs with price ranges noted. Textbooks by Miss B Kane Rowe are used in Christian Sunday schools globally.
January 1 price list shows live poultry including fowls turkeys and hens with per unit and regional variations. Eggs quoted at 6 cents and butter from the creamery at 40 cents. Prices appear unstable with multiple items listed in shorthand.
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