Bear Raids Fail to Spark Market Rally This Week
New York stock market remained dull with bears attempting to force a liquidation wave but failing to sustain selling. Analysts foresee possible February reaction and gradual gains in rails and bonds as conditions improve, while wage cuts and deflation pressures loom in labor and industries.
MENTIONED IN THIS ARTICLE
H. Platt
New York
Bears
Will
Mir
Atc
Furthre
Tony
Germany
France
Great Britain
Liverpool
Federal Reserve Weekly Statement Totals Resources and Liabilities
Washington January 22 The weekly statement of the twelve Federal Reserve banks lists resources and liabilities. It cites gold holdings and gold settlement funds, government securities, bank notes, uncollected items and deductions, and other resources totaling 95,046,099,000 with various sub‑totals including gold on hand and redemption funds.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Banks
Fotel Bis
Victory
Jnuebtea- Tess Aeeenenseneens
Aee
Frank Premsey
Seevenscene
F. FH
aeUe
Seaneeenans
Fond Peainkt I B. Bank Potes
Federal Reserve
Waewe Sen
Deflation policy attacked by Atlanta banker Joél Hurt
Joel Hurt president of Continental Trust in Atlanta criticizes the Federal Reserve Board for deflating currency. He argues prosperity rests on increasing circulating money, not shrinking it. He cites postwar debt, farm credit, and bank failures to justify inflationary action and urges bipartisan unity to restore confidence and demand.
MENTIONED IN THIS ARTICLE
Joél Hurt
Joel Hurt
Continental Trust Company
Atlanta
National Restire Board
Seupendours
Blundey
Federal Reserve Board
Mir
Frank A. Vanderlip
W. P. G. Harding
Hart Cotton Farmer
United States
Federal Reserve
South
Quotations and Market News From Multiple Centers
A late January market update reports naval stores in Savannah receipts and stock figures, New York money market rates, and commodity movements. Included are stock, bale, and shipment counts for naval stores, coffee and sugar futures closes, cotton seed oil trends, refined sugar demand, and grain receipts, with scattered price quotes and forward bids across multiple exchanges.
MENTIONED IN THIS ARTICLE
New York
Prime Mercantile
Sterling
France
Guildera
Greece
Montreal
Dolharx
BOA
Sterline
Commercia
Suear Fotnrea
Iqwest
J.T
Rio
United States
Canada
Bes
Difan Por
Jundaby
Clearing House Banks Condition Report for New York
The weekly condition shows clearing house banks and trust companies hold 12,427,640 in excess of legal requirements. Net demand deposits fall 89,985,000 and time deposits drop 3,914,700 with reserves and cash in vault shifting across categories. gold rises 272,500 while currency and bank notes decrease 1,375,100.
MENTIONED IN THIS ARTICLE
New York
Gor Gt Piscounta
Atc
Feilal Radenve Bank
Greater
Federal Reserve Rus
New York City
United States Depot
Regular Statement From Local Reserve Bank January 21
The weekly statement of resources and liabilities for the Federal Reserve Bank of Atinota lists gold and foreign holdings, gold settlement funds, and total gold reserves alongside English currency notes and silver. It shows total resources near 268.99 million and total liabilities around 268.10 million with deposits and federal reserve notes details and bank notes figures.
MENTIONED IN THIS ARTICLE
F. R
Federal Reserve
Agaigat
Federal Reserve Bank of
Candler County Bank Admitted to Reserve
Joseph A. McCord, chairman of the Federal Reserve Bank of Atlanta, announces that Candler County Bank in Metter, Georgia has been admitted to membership in the Federal Reserve System. The text also contains unrelated garbled numbers and cattle market entries.
MENTIONED IN THIS ARTICLE
Candler County Bank
Joseph A. McCord
Federal Reserve Bank of Atlan i
Yardler
County
Metter
Federal Reserve System
Also Mentioned on This Page
Jotton and Metaln
Jim Eblin
Eblin
Broad ST
American Cotton & G Exchange
American C & G Clearing Assle
Atlanta Commercial Exchange
Arela
Peachtrea Arcade
Avanta
Orvis Brothers & Co
Broadway
New York Cotton Exchange
New Orleans Cotton Exchange
New York Stock Exchange
New York Coffee & Sugar Exchange
Keaga Board of Trate Vy York Produce Exchang
Tan Psc
Othbee
Swift & Co, Talonme
Bwitt, & Ov
AMG
Savannah, Ga
Nest York
Ghorts
Ehotring
Wes Opey
New Orleans
Casallna
Eney Prontic
Atlanta Nationel Bank Ie Ae
Atlantic Teo
Manila
West Point
T B.ve
Atlantic Steel
Auguste Savannahi
Ry. & Power Common
I Db
Mitstead Mfg. Co
Rational Bank
Southwestern
Ity
Securities Galea Co
Trust Co. of Ga
Ce & Coal Gorm
Atle Qe & Ban Ing
Clearing House Banks
Local Reserve Bank
Peters
Lambd
Alee
William and Mary
Ipoh
Saseres
Willam and Mary
William and Mary Possen
Koday
Queen Anne
Esten
Auburn Ave
Atlanta, Ga
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