Rates Down at Four Banks Aid Industry in South
The Federal Reserve Board approved discount rate cuts to 12 percent for Boston New York Philadelphia and San Francisco banks citing stronger gold reserves. Atlanta officials note the move may ripple locally, speeding up manufacturing and raw material activity in the South while a Richmond governor letter defends policy and explains deflation forces after the war, arguing credit expansion and world conditions, not Fed policy alone, caused price declines.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Washington
Federal Reserve
Boston
New York
Philadelphia
San Francisco
National Capital
Federal Reserve Bank of
Atlanta
New York District Bank
Ita
Joseph A. McCord
Sixth Reserve District
McCord
Federal Reserve Bank of Atlanta
Reserve Bank
George J. Seay
Federal Reserve Bank of Richmond
Richmond
South Carolina
Federal Reserve Banks
Seay
Aratea
Federal Reserve System
Japan
Ife
Europe
Treasury
Bankers Defend Credit Stance Amid Economic Slump
A South Carolina Federal Reserve official argues banks lend heavily to member banks and protect against reckless risk. He blames slow consumer demand, underuse of capital, and debt buildup for declines in prices and activity, and rejects lowering rates as counterproductive.
MENTIONED IN THIS ARTICLE
Federal Reserve Banks
Hound Capital Fm
South Carolina
Banke
Atlanta Quotations Cotton Seed Products Market Note
Atlanta quotes show oil and meal prices with basis figures. listed items include prime tank oil, cake, ammonia, linters, and high grade cotton seed by product categories, with unit prices and miscellaneous notation.
MENTIONED IN THIS ARTICLE
Atlanta
Atlante
Haas
Atlanta Quotations Spot Cotton Market
Atlanta quotations report the spot cotton market with middling prices and receipts. The data lists shipments and arrivals at various ports, including Galveston New Orleans and Philadelphia, and notes multiple vessels and cargo specifics alongside price quotes and stock figures.
Stocks Irregular Yet More Active on New York Exchange
Broadening trading on the New York Stock Exchange saw overall activity rise with firmer early levels giving way to irregular closes. Rails maintained gains while steels and autos edged up then eased. money rates steadied and foreign exchange showed weakness amid a lower discount rate decision after the close. Total sales reached 10.275 million par value.
MENTIONED IN THIS ARTICLE
New York
Stock Exchange
Shorts
Ols #8 & group
Rails
Transportatin
Washington Administration
Obaccos
Federal Reserve
London
New York Bond and Money Markets Report July 20
New York and other market notes show Prime 1 waper and GOs at varied levels, with sterling and francs rates steady. Liberty bonds closed mixed with first and second series quoted. Chicago and Montreal rates also noted along with copper and iron market movements.
MENTIONED IN THIS ARTICLE
Money Market
New York
Liberty Bonds
Victory
Downward Swing in Wheat Pricts
Chicago July 20 reports heavy closing wheat quotations with losses as much as 3c to 13-4 cents. prices for September and December slide while corn and oats fall. Market cited heavy receipts, potential railroad embargo threats, and lingering elevator labor troubles amid export activity and forecasts of hot weather. some purchases for export supported prices briefly.
MENTIONED IN THIS ARTICLE
Chicago
New York
Germany
North Dakota
Stock Exchange Trading Affected by Railway Plans
New York July 20 trading on the stock exchange opened fairly active as Rails Baldwin American Woolen and a few shares showed strength but volume soon dwindled. Railways weigh on the market amid pending negotiations with the government. Endicott Johnson and Libby McNeill Libby reported strong output while bad order cars rose. Money demand improved on a $390 million AT&T payment, and wage-cut talk at New York Central looms.
MENTIONED IN THIS ARTICLE
New York
Tock Exchange
Baldwin
American Woolen
Boston
Endicott, Johnson
Washington
Congress
Libby
McNeill & Libby
American Telephone
New York Central
Studebaker
Wa Ita
Jobbers’ Association of Dress Fabric Buyers
M. G. Cooper
National Wholesale Dry Goods Association
Irregular poultry prices and mixed sugar and coffee markets
Market notes from New York and regional reports show fluctuating poultry prices with creamery goods and live fowl varying by region. Sugar futures were irregular with prompt Cubans and Porto Rico activity and coffee futures declined, while refined sugar and other commodities saw limited trading and mixed bids.
MENTIONED IN THIS ARTICLE
New York
Uly
Mateh
Shee
Classified Rates And Classifications For Ads
Classified listings show rates three times and seven times with small increments. Cash accompanies ads and orders must fit categories including For Rent Rooms Furnished or Unfurnished, For Rent-Rooms Unfurnished, Wanted-Board, Wanted-Boarders, Wanted-To Rent Rooms Furnished, Situation Wanted-Male, and Situation Wanted-Female. No ad accepted for less than two lines. Telephone MAIN 6000.
Lost and Found and Rewards Noticeboard From Atlanta
A collage of lost dog notices and reward offers appears, listing a clipped black and white setter with collar tags, a missing brown collie, a brown leather purse with money and checks, a watch fob, and several automobile theft reward notices. Names include H 43725 and Ivy 7190, with locations around Williams Mill Road, Whitehall Street, East Lake, and Capitol Avenue.
MENTIONED IN THIS ARTICLE
Collins
Ra R. Lyerly Place
Williams Mill Road
Grant Street
Loran Street
R Hay
Logan Street
J.P. Alien
Whitehall Street
Mira _ Quattiebaurm
East Point
Alabama Street
Transportation
Wert
C. B. Burton
East Lake
Decatur
Peachtt Piedmont
Buckhead
Roswell
FLC
Shivers
Ubernl
Lingo Hospital
Mixa Roberts
Cooper Street
Eos
Keppa Psi Fraternity
Marietta Street
Tudor Theater
West 1418
Capitol Avenue
Atlanta
Oshland
Criterion Theater
Bill
Aragon Hotel
Tunderwhithers Detective Bureau
Duanta
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Iwe
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Federal Reserve Bank
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Amer
Elting al Gs
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Fang
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Adj
Geenboard Air Lind Adj
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Taeltie Ast Bs
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al Wabanh
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Iscomnt
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Selle Isle
Tive ‘Neery
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Rose
Realera
Foreign Exchange
Wm. H. McKenna & Co
Broadway
Pater
Federal Tax Service
Tnegme
Bureau of Internal Revenue
Newton Benerson & Company Accountantsma Auditors Y Building
Washington 9
Goldhurst & CO
Edward J. Patton & CO
Cotton Brokers
Western Union F. X
K. X
Broad Street
Poe Exchange
Saterag
Hubbard Bros. & Co
Hanover Square
New
York
New York Cotton Exchange
Poplar Street