Sterling Falls Further as Exchange and Stocks Weaken
New York June 9 Sterling dropped five cents at the open amid a week long decline and weak foreign exchange. The stock market followed with losses in oil and steel shares as concerns over commercial loans resurfaced. Talks of frozen credit, tax payments looming, and a fur loan default tied up markets, with banks writing off large losses as fur collateral limped toward liquidation.
MENTIONED IN THIS ARTICLE
New York
France
Wall Street
International Agricultural
Cache Morgan Partners
England
Steel Corporation
Independents
Aquitania
Treasury Department
Treasury
Western Union
Utah Copper
United States Steel
Mexico
London
State of New York
Ojla
Professional views on cotton situation discussed
New York dispatch notes market tendency to advance on reports of coal strike settlement abroad but traders doubt veracity and delay purchases. Weather favorable yet weevils damage crops. Memphis spot prices improve. New Orleans report cites favorable conditions with rain prospects, but foreign exchange remains weak amid German indemnity payments and pending reparations. Sailings list includes multiple vessels and ports across Mobile, New Orleans, and Europe.
MENTIONED IN THIS ARTICLE
New York
Janes
Thx
Memphis
Hubbard Bros. & CO
Harvester Co Reduces Dividend Rate to 5 Percent
The International Harvester Co announces a dividend cut from 7 to 5 percent on its common stock. Atlanta branch notes the directors and executives see current and future business conditions as justification. The move returns holders to the prewar rate of return.
MENTIONED IN THIS ARTICLE
International Harvester Company
Atlanta
Chicago
J. B. McCutcheon
Atlantamanger
Money Advanced to Aid Export Cotton to Japan
The War Finance Corporation reports completing advances totaling 2,000,600 dollars to support cotton exports to foreign port warehouses. An additional 500,000 dollars was advanced under prior approval, earmarked for Japan and to be marketed from American exporter warehouses.
MENTIONED IN THIS ARTICLE
Japan
James A. Hollomon
Ttatton Bureau
Raleigh
Washington
By_Constitution
War Finance Corporation
Macon Citizens Oppose Change in City Government
In Macon Georgia opponents of a proposed commission manager form of city government organize to fight the change. A mass meeting is planned with Judge John P. Rosa delivering the principal address and C L Bartlett presiding. Bibb county legislators have agreed to file a bill for the reform if voters approve. A committee of 100 prominent citizens backs the movement and over 1,000 petitions favor the change.
MENTIONED IN THIS ARTICLE
Macon
John P. Rosa
C. L. Bartlett
Bibb County
Commission Manager
Kindness to Traveler Bequest Shocks Elberton Grocer
Elberton Georgia June 9 Special Kindness to an old man from the north traveling in the south required in receipt by Gordon Ginn grocer of Elberton of word that he has been bequeathed the sum of 3300 by James A Conley who lived in Buffalo New York Ginn states that he cannot remember the man nor the kindness it appeared that the old man was a bachelor and of small estate He had no near relatives and the public administrator of Buffalo has not iced Mr Ginn to come and get his bequest Mr Ginn has taken the matter up with the public officials there hoping to secure further information regarding the matter before he goes to the expense of making the trip north for his bequest.
MENTIONED IN THIS ARTICLE
Elberton
Gordon Ginn
James A. Conley
Buffalo
Ginn
Mr. Ginn
Country Club Formed in Americus Georgia
Americus Georgia forms a country club with a temporary organization completed. Charter members elect officers including President George R. B. Ellis Vice President W C Cage Jr Secretary Lovelace Eve Treasurer J Lewis Tenn Directors Frank Harrola W M Jones and Frank Lanier are named among the founders.
MENTIONED IN THIS ARTICLE
Americus
George RB. Ellis
W. C._Cage, Jr
Lovelace Eve
J. Lewis Tns
Frank Harrola
W. M. Jones
Frank Laniers
Market Drops Highlight June Trading Session in New York
Liquidation and pressure hit quotations across the day as leaders fell and many speculative issues retreated. United States Steel neared a multi‑year low while metals, machinery, and chemical shares faced fresh selling.
May trade figures and French weekly money movements
London reports May board of trade totals with imports at 84.3 million pounds and exports 60.32 million, creating a 35.1 million pound import excess. Paris notes a Time of France weekly statement showing increases in gold in hand and treasury deposits while notes decreased and banking liabilities rose by 271.774 million francs, with a 500 million francs repayment to the bank.
MENTIONED IN THIS ARTICLE
Board of Trade
London
Board of ‘Trade
Faris
Time of
France
Treasury
Thestate
London Bank Statement Shows Reserve Shifts and Deposits
London June 8 reports Bank of England weekly data with reserve up 21,000 pounds while circulation falls 81,000, bullion up 0,105 and other securities down 4,250,000. Public deposits rise 1,002,000 and water reserve up 17,000, government certs up 4,720,000. reserve ratio 12.28 percent. Louisville cattle and hogs markets mixed, New York metals prices steady with copper and tin quoted.
MENTIONED IN THIS ARTICLE
Bank of England
Civitan Club Luncheon Promises New Program
Attendees of the Civitan club weekly luncheon today at 12:30 in the Kimball house breakfast room are promised something entirely new. Clarence Aldred, assistant director of the Yasrab Chanters, will furnish music.
MENTIONED IN THIS ARTICLE
Tha Civitan Club
Kimball House
Clarence Aldred
Yasrab Chanters
Patriotic Club Addressed by Local Leaders at Marietta Hall
The Fifth Ward Patriotic club heard speakers Judes O. A. Puckett Mrs. Julia O Keefe Nelson Murphey M. Holloway and Rev J W Ham at the Junior Order hall on Marietta street and Basa avenue last night Music and refreshments followed the program.
MENTIONED IN THIS ARTICLE
Patriotic Club
Fifth Ward
Judes O. A. Puckett
Julia O'Keefe Nelson
Murphey M. Holloway
J W. Ham
Marietta Street
Basa Avenue
Old Mats Convention Entertainment at Calvary Church
Circle No 2 of Calvary Methodist hosts an entertainment in the church auditorium at 8 o clock Friday to raise funds for church furnishings equipment and auditorium improvements.
MENTIONED IN THIS ARTICLE
Circle No. 2
Calvary Methodist Church
Flurried Buying Pushes Wheat Prices Up
Wheat prices rose about 8 percent on frenzied trading driven by reports of a possible railway strike and a government crop forecast predicting large winter wheat cuts. July trades peaked near 1.40 a bushel before profit taking and outside market weakness trimmed gains. Corn and oats fell amid mixed signals and profit taking.
MENTIONED IN THIS ARTICLE
Chicago
Jessa
Shorts
Springfield
Atlanta Quotations Cotton Seed Products and Live Stock Prices
Corrected live stock market prices for Atlanta show good to choice steers at 7.00 to 7.50 per hundredweight, medium to good steers 6.10 to 7.00, and similar ranges for cows, heifers, and calves. Hogs and other cattle types listed with varied quotes. wholesale beef and dressed prices noted.
MENTIONED IN THIS ARTICLE
Atlanta Live
W. H. White
White Provisloy
Riba
Atlanta
California
Florida
Johnson
S.s
Ae Eae
Quotation Roundup of Local Stocks Bonds and Commodities
New York reports mixed prices in dairy and poultry with butter gradual easing and eggs steady. Coffee futures rise on cold Brazil reports, then ease. futures for September to May show gains and dips as market reacts to Brazilian weather and ship costs. Currency shifts note a dollar buying rate decline while Rio and Santos markets show mixed gains and weather affects. Local shipping receipts and grain figures are sparse amid general firming and cautious demand.
MENTIONED IN THIS ARTICLE
New York
Brazil
Piprenner
Anata
Iniya5
Arket
Mei Uh Hee
Freicht
Anking
Banton de
Benrhons
Rio
Alumni Meeting at University of Georgia Saturday
Alumni of the University of Georgia are urged to attend a class gathering at 1 o clock Saturday in the Hurt Building at 1501 Hurt. The meeting aims to discuss alumni affairs and upcoming events.
MENTIONED IN THIS ARTICLE
It of the University’ of Georgia
Hurt
Optimism Over Europe Strangles Cotton Market
The American Cotton and Grain Exchange reports steady to firmer prices as optimism over a British labor settlement and favorable weather muted selling. July contracts eased late, with October near 13.36 and December around 13.86, amid mixed overseas signals and ongoing liquidation. Port stocks and export figures show continued activity as markets digest coal strike rumors and weather outlooks.
MENTIONED IN THIS ARTICLE
American Exchange
New York
American Cotton and Grain Exchange
Law
Liverpool
London
Wall Street
Bee
United States
Balance in trading holds N O steady in cotton market
New Orleans June 9 a fairly even balance of trading influences today kept the cotton market in a narrow range. Early advances gave way to declines and the day closed at the day's low, while July rose to 12.25 and the July close was 12.15. Weak foreign exchange and a soft stock market, plus heavy showers in the belt, subdued demand despite early steadiness fed by weather forecasts predicting continued cloudiness and showers across the belt.
MENTIONED IN THIS ARTICLE
International Harvester
Columbia Motor Company
Treasury
Armour Ts
Allootle Con
Telgian
Herne
Baltimore & Q
Ae de
Chile
BO Central
Georgia
Chicago
Denmark
Goodrich
Korthwestern Bell
Norway
New York Central
Pennsylvanis
Pennsylvania
Paris
U. DR
Southern Railway
Sinclair Tis Bolyay
New York
Jones
Seaboart Air Line
Terns
Jiusiners
Wad Light
Costa
Lowsugar
United Kingdom
Hayera
Futurea
Actober
New Orleans
Sterling Exchange
Turpentine and rice markets mixed across Savannah Jacksonville and New Orleans
Savannah and Jacksonville report mixed turpentine firm and receipts, with stock totals and price notes. New Orleans notes rough rice and clean rice sales with pocket prices and millers receipts. Potatoes in Chiraro and regional tobacco and cigarettes ad lines conclude the brief market roundup.
MENTIONED IN THIS ARTICLE
New Orleans
Honduras
Japan
Cotton markets mixed across ports with varied receipts
The report lists cotton movements by port with middling prices, receipts, exports, sales, and stock. Notable figures include New Orleans at 21.60 receipts and 5,581 sales, Savannah 11.00 middling with 165,790 stock, and New York 12.70 middling with 141,535 stock, among many others.
MENTIONED IN THIS ARTICLE
New Orleans
Galveston
Atiaalteg
Bavannah
Charleston
Winningam
Texea City
Norfolk
Pest
Baltimore
Boston
Philadelphia
New York
Atock
Houston
Memphis
Augusta
Celta
St. Louis
Rabiomenta
Atlanta
Little Rock
Essex
Ballas
Liverpool Cotton Prices and Futures at Spot Market
Liverpool cotton markets show steady demand with prices for various grades. Good middling around 8.78, low middling 6.73, good ordinary 5.48, with total sales near 7,000 bales and receipts about 1,000 bales, including 2,600 American. futures closed steady with June and July figures around 18 to 6.05, noting limited American involvement.
MENTIONED IN THIS ARTICLE
Livernoor
Grinee
Bere Aputier
Iuly Rrs
Dry Goods Market Report from New York June 9
Cotton goods were quieter today with fine count print cloths sold into August at 8 cents and four yards at 10 1/2 cents. Cotton yarns were quiet. Raw silk firmer and tighter. Staples searches for dress goods moved freely for delivery in July to September for cutting and jobbing trades. Borinys firmer with spot price 10 points higher.
MENTIONED IN THIS ARTICLE
New York
Combined Statement of Federal Reserve Banks June close
Washington reports the Federal Reserve System’s June 8 close shows total gold reserves 2 490 072 with gold certificates and settlement funds. Total resources and deposits are listed alongside government securities, earnings, bank premises, and note issuance figures, detailing reserves to deposits and liabilities ratios.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Dusinesa
Federal Reserve Board
Lela
Gold Settlement Fond
F Mba
Ailver
Government Bank
Victory
Pittman
F. R
Total Resources Capital
Denautts
Inc. TZ . KR
Local Reserve Bank regular statement close June 4
The Federal Reserve Bank of Atlanta reports resources and liabilities as of close of business June 4. Totals include gold holdings, gold settlement fund, U.S. government bonds, Treasury notes, and other earning assets totaling 254 million. liabilities show central bank deposits, member banks, and reserves totaling 244 million with aggregate mobilities.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of Atlanta
U. S
Pittman
Central Pal&in
Tee Ee
Risene’ Neet
Also Mentioned on This Page
Sterling
R. L. Barnum
Atlantics
Mostore
Fier
Germany
Kenyas
Oklahoma
Teror
Vallew
Texas
Gulf
Mississippi River
Jasbor
H. & B. Berr
Mobile
Som
Chatauqua
Havgra
Glaareés
Anniston City
Sertts
Sosua
Kathleen
Aricibo
Port Eada
Agensta
Port Cortez
EL Abe
Harold ‘Walker
Tampico
Hastings
Pensacolar Herdia
Rocna del Toro
Joseph Seen
Princeton
Sabine Sun
Saramacc
Port Tarrlaw
Sane Flayann
Xora Hfoud
Celba
Abangacer
Bocas del Toro
Corning
Port Lobos
el Uno
F. Q. Barstow
Hihneras
Font
Bliefields
Jamaica
Kineston
Gorin
Cuban
Vistula
Europe
Goterston
J. M. Dangher
Tamnico
Afol
Moncente
Genoa
J. KE. OcNell
Pinderphid
Tamesi
Comps
Elberton Grocer
Country Club
NEW York Stock Exchange
Midvale Steed
Missouri Pacific
N. BL & Hartford
Norfolk and Western
Amer
Ae International Corp
Ana Refining
É& W
Sumatra
American Tel & Tech
Ansconda
Repto
Gay
Atchison Abate Sd
Ani
Atlantic Coast
Royal Dutch
N.Y
Atl
Gulf & West Indies
St. Souls
San Frat Aly
Seaboard Air Line
Baltimore and Oh
Bethlehem Steel
Shell Trang & Tra
Letral Leather
Bloge-Brief, Steel & Iron Chandler Motors
Southern Pacific
Chesapeake and Ohio
N. J
Tennesees Studebaker Corporation
Texas Co
Colorado
Texas and Pacific
Crocibie Steel
General Electric
A. Ind. Atenbol
General Motora
U.S
Great Northern
United States Rubber
All States Steel
Bom
Baig United States Steel
Kennecott Coy
Westinghouse Elect
Louisville
Nashville
Willys-Overland Eeese
Mexican Petroleum
Miami Copper
Middle States
Wales
Esseesee
Money Market
Greece
Sweden
Emand
Montreal
Ateady
Rallread
Swift & Co
Inne B
Metals
East St. Louis
Civitans
NEW York Bonds
Panama
American Smelting & Rig
American Tel
Atehiaon
P.sereseee Tf
Baltimore & Ohio
Central of Georgia Consel
Central Leather
Chesapeake & Ohio Co
Quincy Joint
Mil
City of Paris
Colorado Southern
Denver & Blo Grande
Kansas City Southern
Liggett & Myers Tay
Renbife Teron &Etcel Sx
Bid Bay
San France
Southern Gel
Routhern
BAM
Texas & Pacific
Union Pacific Ds
United Kingdom of
Virginia-Carolina
Wabash
BO Wileon & Co, Co
London Money
Liberty Bonds
Liberty
Broad Street
New York City
Sub-Treasury Building
J. P. Morgan
Financial District
New York Curb Brokers’ Association
Henry L. Doh
Pia
Biles
Ea Vas
Protol
Baele Prime
Dulis
Bolona
Contela
St. Fonts
Bia
Atlanta Nations Bank
Ae Atlantic Ics
Coes Point
Atlanta & O Atlantic
Rat
Augusta & Savonnan
Central Bank & Trust Corp
Exposition Cotton Mills
Phoenix
Fulton National Bank
Fourth National Bank
Eet Ga. Ry
Elec
Pte
Wences Ry. & Power
Lowry National Bank
Milatea
Southwestern R. We ‘Trost Ca
Atlantic Tee
Qos!corp
Atlantio
Otral Rb, & Bank
Arange
Lesh Igg
Jk Uec
Os Dan
N. O
Curb Securities
Naval Stores
Savannah
BS Aggge
Linsin
Aales
Ghipmoalta
B. I
Jacksonville
Chiraro
Louisiana
Virginia
North Carolina
Barre
Borden Springs
Seaboard
Jacobs’ Pharmacy
Whitehall and
Alabamn
Salt Creek
Allied Packern Fis
Local Reserve Bank
V. M. Womack
GRA
J. R. Harper
C.P.A. J
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