Improvement Seen in Banks and Market Trading
Some improvement shown in business banks reported in better condition than the week previous. Bonds and stocks passing hands increasing daily. Most of the trading on the curb.
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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Oct 11, 1914
Page
16
Some improvement shown in business banks reported in better condition than the week previous. Bonds and stocks passing hands increasing daily. Most of the trading on the curb.
The New York market shows rising securities in unofficial channels as traders liquidate holdings amid War era constraints. Bond trading gains, while official exchanges keep July 20 closing prices as a floor, limiting fluctuations and delaying a broad reopening.
New York October 10 Special says government accountants will testify next month in Washington and Chicago on the Rock Island case. Interpreting the Atchison report president B P Ripley criticizes heavy regulation while defending investor protections amid calls for rate and capital scrutiny.
Foreign buying spurred wheat futures higher as traders priced in potential hostilities involving Portugal and Turkey. October delivery advanced to 1 1/4 cents, while cash bids showed mixed gains for No. 2 wheat and corn, with broader market activity supported by lard, ribs, and pork futures.
New York reports cotton goods steady while yarns and brown sheetings show mixed shifts amid finance driven demand. Export trade develops slowly with war and hospital purchases lifting some items. domestic demand varies, southern markets weak, prices mostly stable to down for certain textiles. Petroleum prices rise with refiners marginally increasing refined product rates. unfilled steel tonnage for US Steel drops shows ongoing supply pressures.
Cotton markets across major ports show varied figures with New York receipts at 284, stock 67,017. Galveston middling 7 with receipts 7,703 and stock 121,535. Savannah middling 7 and stock 80,76. The bulletin lists totals for the day at receipts 21,929, ships 16,488, stock 225,458, plus regional notes from Houston, Cincinnati, and Liverpool.
New Orleans reports tentative gains in the cotton market with spot prices flat at 7. In late trading buyers and sellers clashed over price direction while the market anticipated stronger evidence. Shipments remain light with limited foreign clearances and coastwise totals around 9 220 bales. New delivery rules and by laws will curb current month trading and dispatch transferable notices five days prior to delivery. Spreads and default risk are addressed by revised fate allowances, set at 5 pounds including bales and bagging.
The Fidelity Fruit and Produce Company reports a heavy postwreck volume but reduced profits due to market overstock. Readings show fewer Tokay grapes and New York basket grapes, steady apples at $2 to $1 per barrel, grapefruit $2.50 to $4 per box, and lemons weak. Receipts include potatoes onions cabbage lettuce celery turnips. Florida fruit prices vary with size and quality.
The 1914 Chattooga county fair in Lyerly promises to be the best yet with the largest program and premium lists. The board of education joins the fair association and premiums for school exhibits rise to 75 in cash. Governor John M Slaton will speak to school children on Oct 23 after the prizes are awarded at 1 30.
In Durham on October 16 a prominent couple from Parham, John Thomas and Russ Lula Powe, were found in a ravine badly injured. Thomas said a band of Negroes assaulted them and robbed him of a large sum and a watch before leaving them for dead. A posse searches the area for the attackers.
Cordele October 10 Special more ginger has been put into the campaign as alderman Nobles terms expire this year may run for mayor against H C McKenzie and Mayor Fred Harder who plans re election Nobles undecided whether to seek re election as alderman or mayoral race J Nesse King, a prominent citizen, has announced his candidacy for alderman.
LaGrange Ga October 10 Special The first students recital will be held at LaGrange College next Monday evening at two o'clock. An interesting musical program has been arranged.
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