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Newspaper
Atlanta Georgian
Location
Atlanta, Georgia, United States of America
Date
Jun 05, 1912
Page
8
An opinion by 8. C. Forbes argues for a legal orderly approach to strikes, urging workers to avoid public disruption and calling on capital to share burdens. The piece weighs government ownership of transport and coal, questions profits, and urges public sympathy for measured action amid industrial stoppages.
A long court record lists many Georgia cases from various superior and city courts with judgments affirmed reversed and cases argued by multiple law firms including Smith Hammond Smith Hall Eubanks Ridghill and other counsel. It notes appeals in cases like Tennessee Coal Iron and Railroad Co versus George and Louisville and Nashville Railroad Co versus Chivers among others and includes numerous judge names and solicitor generals.
The document presents a bank balance sheet showing resources including demand loans time loans bonds and stocks owned by the entity and real estate as well as liabilities such as capital stock surplus undivided profits deposits and borrowed money. It includes a sworn statement by the Fulton County treasurer and notes on port receipts and metal market quotations with copper and tin prices listed for June 5.
New York June 5. The cotton market opened barely steady with first prices 2 to 4 points lower. By 2 p.m. declines of 4 to 7 points from Tuesday’s close were posted as selling pressure grew amid favorable belt weather. Spot demand remained moderate with 7000 bales sold, while Liverpool futures showed mixed moves and overall closing steady or higher than Tuesday.
HAYWARD CLARK A Daily Cotton Letter reports Liverpool refusing to follow yesterday’s late advance, futures about six points lower, spot unchanged at 6.36, sales 7,000 bales. English consols weaken to 76%. Brussels notes revolutionary movement. Liege coal and iron districts paralyzed by strike. Weather map shows light rain in the South and Carolinas, with forecast cloudiness west. New York bought about 50,000 October contracts after bureau release, stirring speculation. Charlotte notes Southern mills in best condition for years, most sold ahead, operating at night, profits guide contracts, October orders likely. Opened slightly lower, then recovered to last night’s close. demand constrained by cautious sellers, bull pressure feared on even minor reverse.
The spot cotton market shows varied status across major ports. Prices stay steady or quiet with middling grades, including Atlanta at 11 percent and New York at 11.45, while New Orleans and Savannah report steady to quiet activity with similar middling rates.
New York reports show cotton market activity opening mixed with light ring trading. McFadden and Mitchell indicate July positions while others pursue October. Wires from Dallas and New Orleans describe clear weather in Texas, but clouding in western and central belts with scattered showers. Washington notes no change in monthly cotton reports through October. Habersham King flags generally favorable belt conditions with beneficial but varied rains, excellent stands, and crops ready for store demands barring prolonged wet spells.
Thompson Towle Co says the market will need stimulation. Pell Co advises buying cotton on soft spots. Logan Bryan foresees higher prices unless rains come soon. Hayden Stone Co expects good buying to hold current levels with favorable weather. J S Bache Co recommends purchasing distant positions on sharp reactions.
The Weather Conditions bureau reports showers tonight or Thursday for the south Atlantic and east gulf coasts and the lake region plus Ohio valley. Elsewhere east of the Mississippi, generally fair weather tonight and Thursday. Temperatures unlikely to change much in the eastern half over 36 hours with regional cooling in Virginia and mixed conditions across several states.
Quotations from White Pro vision Co list current week bid ranges for beef cattle hogs and pigs. Good steers and cows command higher prices while mixed and dairy types sell lower. prime hogs and light pigs show distinct price bands.
Coffee steady Rio spot 144 1 44 percent. Rice firm domestic ordinary to prime 45 5. Molasses quiet New Orleans open kettle 35a. Sugar raw easier centrifugal 92 muscovado 342. Refined quiet standard granulated 5.25 cut loaf 6.00 crushed 5.90 mold 5.60 cubes 5.45 powdered 5.30 diamond A 5.20 confectioners A 5.08 No 1 5.05 No 2 4.95 No 3 4.95 No 4 4.0 Cheese steady white milk specials 184 14 full skim etc.
The opening of the stock market saw coal carriers and Anglo American firms prominence as Readings and Lehigh Valley rose over a point. United Cigar Stores hit a new high on the curb after starting the day with 241 bid and 242 asked. Several issues including United States Steel, Erie, Union Pacific, Missouri Pacific, Canadian Pacific, Southern Pacific, Smelting, and Pennsylvania gained in early trading while the curb remained dull and steady.
A detailed Atlanta price list covers eggs fresh country 17 18c per dozen, butter Jersey and creamery 20% 25c per pound, dressed poultry with hens 16 17c per pound and turkeys fated by fatness 18 20c, live poultry including hens 40 45c, roosters 25 35c, and ducks and geese by type. Fruits and vegetables include lemons 4.50 5.00 per box, Florida oranges 3.00 3.50 per box, bananas 3 3.5% per pound, pineapples 2.00 2.25 per crate, potatoes 4.00 4.50 per barrel, and strawberries 7 10c per quart. Provision market lists hams 10 12 lbs 4 7 national brands, bacon and sausages with varied prices, lard and tallow, and a long range of flour, meal, oats, cotton seed meal, hay, and feedstuffs with multiple price points and package sizes.
Boston on June 5 reports from a partial tally showing eeran Butte and Su pas at 42 percent, Calumet 500, Calumet Arizona Quincy 91, Lake Copper 40 percent and Copper Peatee 59 percent.
The report notes weak buying interest and light orders leading to overall dull trading. Prices and quotational details are sparse, with little pressure on cotton seed values and a generally easy undertone in the market.
Turpentine firm trades at 46 percent with 100 sales and 70S receipts. Rosin figures show receipts 3 615 with water white at 7.40 to 7.60, window glass 7.40 to 7.55, and rosin grades N to G plus other variants quoted between 6.40 and 7.60, including special CB A and E grade ranges.
Wheat remained irregular with minor declines from last night after a mixed session. Receipts in the Northwest and higher cables supported strength while Australian cargoes attracted continental buyers. Corn held steady with July near unchanged and September slightly higher. Provisions steady. rains in Kansas and Nebraska weighed on forecasts.
Chicago market prices show No 2 red wheat at 1.18 percent, No 3 red at 1.10144 to 1.12 percent, and multiple hard winter and spring varieties ranging from about 1.09 to 1.19 dollars. Corn grades No 2 around 74 to 75 cents, No 2 white near 79 cents, with other No 3 and No 4 grades listed between 51 and 76 cents.
Trading showed wheat rising in early activity by 19 to 3 pence and easing to 5ad higher later. At 1 30 pm a price indicated gains around 4d to percent higher, with the market closing with further modest advances.
Bradstreet reports visible wheat stocks dropped by 5,398,000 bushels and corn stocks fell by 339,000 bushels in the week. The declines reflect tighter supply levels for both grains amid ongoing market activity.
New York on June 5 notes wheat prices easing with July at 1.145, corn bids soft with No. 2 in elevator and export terms around 82% f o b, oats firm with natural white and white clipped quotes, rye quiet at No 2 f o b NY, barley steady near 1.15 to 1.25, hay ranges 1.15 to 1.60, flour markets dull across patent and straight grades, beef firm at 18 to 18.50, pork cuts easing with mess 20.25 to 20.75, lard steady with city steam at 19.10 and Middle West spot at 11. Tallow steady in hogsheads and tiers.
Hogs receipts 30 000 market lower mixed butchers 7 05 to 7 55 good heavy 7 45 7 60 rough heavy 7 7 35 light 7 7 59 pigs 35 6 90 bulk 7 40 7 55 cattle receipts 16 000 market steady beeves 6 9 40 cows and heifers 2 50 8 stockers and feeders 3 6 75 Texans 6 50 8 10 calves 7 50 9 sheep receipts 18 000 market steady ea and Western 3 40 5 75 lambs 5 75 9 1
Dressed poultry quiet with prices for turkeys 13 32, chickens 17 14 30, fowls 11 5, ducks 13 22, geese 11 16. Live poultry weaker with fowls 12 asked, ducks 12 bid, geese 9 asked. Butter firm with creamery specials 27 4 28, creamery extras 26 16 27 14, state dairy tubs 22 23, process specials 25. Nearby white fancy 23 bid, nearby brown fancy 21 4 22, extra firsts 21 14 22, firsts 18 19.
Peter Farke cashier of the Germania Savings Bank swore the foregoing financial statement was true as shown by the bank books. The document lists overdrafts secured, cash items, and totals. includes assets such as real estate and securities totaling 479,596.24 dollars. Notary John Carey witnessed the acknowledgment on June 8, in Fulton County Georgia.
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