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This newspaper page contains 24 articles. Subscribers can read the full text of each article.
Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Nov 29, 1924
Page
10
New York and New Orleans report a weaker cotton market as larger crop estimates and southern selling press prices lower. January to March futures slide while overall market closes modestly down. private crop estimates and a steady Liverpool tone influence buying, with spot cotton in New Orleans trading softer and packed with indecision.
New York reports show many new highs in industrials with U S Steel at 118 percent, copper leaders Kennecott and Cerro de Tasco active, and rail shares steady. Cotton markets face heavy liquidation amid crop estimates and private forecasts, with prices fluctuating as traders assess domestic demand and world carry.
Cotton market summaries show Middling prices across multiple ports with receipts, stocks, and exports. Liverpool quotes spot levels and futures, noting American fiber influence and a broad US market context.
Chicago reports slow early trading for potatoes with dull receipts and mostly ordinary quality. Wisconsin offers sacked round whites at 90 cents bulk, and russet prices around 43 pence per ounce with varied small lots. Money market shows 2 4 percent, discount rates for short bills at 3 1 16 percent.
New York November 28 Dun's tomorrow will say that the last month of the year closes with definite improvement in business. There is more confidence and willingness to increase commitments and buy for immediate needs and future requirements. The change is evident in all sections of the country with higher prices for agricultural staples providing stimulus, and bank clearings total $6,940,626.
New York November 28 cottonseed oil shows active demand from commission houses and local bootleggers. Firmness in lard and corn inspires buying, shorts cover, and prices rise with 20 000 barrels traded. Prime crude at 9.00, futures bids for December 70.91, January 10.98, March 10.98, May 11.20. Provisions include lard at 14.55 and skirts near 15.00.
United Light and Power seeks a 5 million dollar debenture to fund the purchase of 75 percent of Continental Gas and Electric. The combined United system would then control about 34 million dollars in annual gross business, placing it among major utilities. Earnings cover charges well, with 3. times coverage for the twelve months to Sept. 30, 1924.
Textile World reports a quieter week in cotton goods after heavy pre election buying. Prices for gray goods eased slightly but overall market remains firm as mills push inventories end year. Percal es withdrawn by top maker. a key gingham line sold at very low prices. Wool goods show better sentiment but raw wool prices surged, with New Zealand sales outpacing Bradford.
New York November 28 heavy buying lifted curb securities with Standard Oil of Nebraska advancing 13 points to 200 and Standard Oil of Ohio up 8 1 2 to 373 amid continued demand on prospects of a stock dividend and a share split. Other gainers included Solar Refining Humble Oil Vacuum and Ohio Oil while Prairie Oil & Gas and South Penn Oil slipped. Public utilities rose with American Gas & Electric up six to 113 and Cities Service up 1 1 2 to 169.
Markets at a Glance reports buoyant stocks led by industrials with brisk advances in New York. Rail issues suffer profit taking while foreign exchanges hold steady. Dutch guilfers reach five year highs as cotton and sugar rise. coffee sees European demand. Chicago grain markets show wheat steady and corn firm amid poor quality reports. cattle and hogs firm in cash markets.
The Day in Finance reports a broad stock rally with United States Steel and other majors up 2 to 3 points as Gary’s optimistic steel outlook fuels gains. Coke prices rise 25 cents a ton amid more ovens, while oil shares climb on California supply improvements and a strong bank and railroad debt activity is noted.
Wheat prices firmed after early decline as frost damage in Argentina emerged. Late dispatches indicated severe crop injury in southern and western Argentina while harvest progress in northern Argentina and milder weather aided sentiment. Prices closed steady to modestly higher with corn and oats adjusting accordingly.
George Walker a 27 year old trusty at the Atlanta federal penitentiary walked away Friday morning while working outside the walls with other honor convicts. He had served all but four and a half months of an 18 month sentence for interstate commerce law violations and was last December from Charleston West Virginia. He disappeared about 7 am unnoticed until routine patrols. Walker is described as 5 feet 10 inches, 150 pounds with a scar on the left wrist and a mole on the neck. light blue eyes and fair complexion.
A Thanksgiving dinner was served for fifty aged black residents at the home of Annie Clyde on Markham Street on Thursday. Those unable to attend received baskets of food.
Grain report from Fenner and Beane covers Chicago notes on Wheat, Corn, Oats and Rye with price ranges and market sentiment. Includes prices in Chicago and Kansas City stations along with futures quotes for December. Turpentine and rosin markets in Savannah are also listed with recent sales and stock figures.
Minneapolis, Minn November 28 The Munsingwear corporation underwear makers says it will restore full time operation at its plant starting Monday A 48 hour week schedule will be set The plant previously ran on a part time basis About 1700 employees are affected.
Wall Street recovered with bullish buying in heavy volume as U S Steel led gains on renewed metal demand and rail optimism. Bond markets showed mixed moves with French and German issues advancing on funding news while profit taking weighed on some railroad issues. Foreign exchange climbed for the French franc and Dutch guilder as talks on debt funding influenced prices.
A compact guide highlighting key finance lessons across markets, stocks, bonds, and personal money management. It emphasizes cautious investing, diversification, risk awareness, and practical steps for readers to apply to their financial planning.
The text explains how bondholders are protected when pledging dwindling assets like ore or timber. Methods include retiring bonds annually, depletion reserves for future purchases, sinking funds from current earnings, and depositing a fixed trustee-held sum per ton mined or tree cut. Stock financing is commoner to share profits and risks. Trees can be regrown but ore is gone.
Rev Russell K Smith received a pound of silver worth 16 dollars in coins from church members for one year of service at the Church of Epiphany. The pastorate under Rev M Smith has grown the church from a small mission to a large institution with a 75000 dollar building.
The Bible class of the Band church in Hapeville held a 7:08 PM dinner at the Georgia Baptist Orphans home dining hall after a recent membership drive. The Methodist church class challenged the Baptists to recruit new members. the Baptists won, earning the dinner prize.
A meeting of all senior Young People's Christian Endeavor Societies in the Atlanta union will be held Sunday night at the First Christian Church. The discussion topic is Christian Endeavor in Atlanta. Addresses will be delivered by four city vice presidents Sapford K. Bell D. B. Stephens C. Melson and Virgil Chew. A special musical program is arranged.
Mrs. W. A. Albright of 120 Oakdale road fractured her right ankle Thursday night after stepping into a hole in Dr. C. O. Jarre’s yard at 69 Oxford road while walking home across Inte. She was taken to Wesley Memorial hospital where doctors reported she was resting well Friday night. The hole was dug in the back yard for a pecan planting that was interrupted by nightfall.
Belfast says the Boundary Commission faces collapse as both Britain and Northern Ireland refuse to submit statements or appear before it. An Associated Press report notes Ulster’s refusal signals the commission cannot accomplish its task.
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