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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jun 27, 1921
Page
8
Trade in the cotton market last week saw July dip below 10 cents to 0.95 and Spots reach 10.28 as seven year lows, with later sessions recovering 13 to 18 points. Active months mostly closed down, first notices for July at 2h, amid weather worries and boll weevil damage.
Rising market momentum stalls as July notices loom in New York trades. Bureau day Friday plans to gauge crop progress at a pivotal growth stage, with June 24 results likely to shape expectations against last year's June 25 70.7 condition. Private acreage estimates show declines from 3 to 24.75 percent versus a year ago, while defaults total 18 at $5,000 plus, up from last year but down from last week.
The United States saw 276 business failures last week, down 53 from two weeks ago and far below the 300 noted three weeks back. Pacific coast shows a slight rise while the East, South, and West all report declines. Insolvencies of 5,000 dollars or more total 137, down 40 from last week, with 49.6 percent of defaults at 4,000 or more. Canada records 39 failures.
Repression of business activity lowers bank clearings to 6.10 billion dollars last week across 20 U S cities, down 23 1 percent from last year and 14 3 percent from 1919. Los Angeles up 6 2 percent, while Boston Baltimore Atlanta New Orleans Cleveland Kansas City Omaha show losses. New York declines 19 3 and 16 7 percent despite higher speculative activity. Daily June average 20 8 percent below last year, 18 3 percent below 1919. Port Eads notes arrivals and departures including Choctaw and other ships.
A terse dispatch notes ships arriving and sailing from various ports. June listings show Swift Star arriving Tampico and Vesta, New York, with further sailings to Port Arthur and other routes, including Ocean and Mobile connections through New York and Boston.
Washington June 26 A total of 228 486 891 34 has been disbursed by the government in settlement of compensation claims of former service men disabled as a result of wounds injuries and disease and of claims of dependents of war veterans who were killed or died Director Forbes of the war risk insurance bureau announced today Disbursements for disability have aggregated 192 677 559 48 and those for death 33 309 301 86 During the month of May Mr Forbes said the bureau paid out in death any disability compensation.
A serious earth slide in the Corinth canal blocks all shipping. Vessels bound for Piraeus Constantinople and Asia Minor ports must route around Matapan, causing about a 36 hour delay and likely several weeks to clear large deposits of earth from the canal.
Berlin reports gradual relief with state support dropping to 358000 in May from 398000, while 440000 receive partial aid. Official figures indicate ongoing reduction in idleness across the country.
Influenza sweeps the eastern cape provinces causing thousands of deaths with the worst outbreak in Uitenhage, twenty miles northwest of Port Elizabeth, as reported from Cane town in the Union of South Africa on June 26.
President Samuel Gompers and the executive council completed consideration of resolutions from the forty first annual AFL convention in Denver. The council will meet again in Atlantic City next month to act on referrals and is expected to finish business tomorrow night. Gompers predicted membership growth to about five million at the next convention, up from under four million.
London reports Leon Trotzky predicts a 1924 naval war between Great Britain and the United States due to maritime rivalry. The Bolshevik minister of war told the Third International in Moscow that Britain is losing world significance as the pound declines to the dollar. Coca Cola price cut in Atlanta to 80 cents a case includes delivery and tax. Public notice outwardly announces non-responsibility for wife deeds after June 20 1920 by Charles B. Lewis.
Billings Montana June 26 On the forty fifth anniversary of the massacre of George A Custer and seventy United States cavalrymen the battle scene of Custers last stand was reenacted yesterday on the site of the engagement with the Indians Four to five thousand persons witnessed the sham battle Crow Indians American Legion and United States troopers took part Veteran Indian warriors and men who rode with Custer attended The Custer monument in the park at Hardin was unveiled Governor Joseph M Dixon delivered the main address Other speakers were Lieutenant Governor Story and Jacob Martina of Monroe Michigan Custers home town
Atlanta plans a bid to host the 1922 International New Thought Alliance convention. The Denver meeting runs July 17 to 24, and Robert Bryan Harrison, director of the Atlanta New Thought school, will issue the Ideal invitation.
Bremen Ga June 26 Special. While visiting friends here Dr J R Dickie of Columbus died suddenly this morning of heart disease. Former resident of this city he had lived in Columbus for several months practicing medicine. He was about 35 and a native of Alabama. Funeral services and interment will be held at his old home.
Mrs Letitia Kile Queen died on Sunday morning at the residence of her daughter Mrs W T Mooney at 700 Gordon Street. She is survived by two daughters Mrs W T Mooney of Atlanta and Mrs G W Bell of Janville Va, two sons J S Queen and T D Queen, two sisters Mrs Janta, thirteen grandchildren and seven great grandchildren.
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