Currency bill debate shifts investor sentiment in Forbes analysis
Forbes notes improved investment climate with attractive stocks and bonds while diverging opinions on the Owen-Glass currency plan. It warns政治s influence on banking, outlines a powerful Federal reserve board and district boards, and calls for prudence as commerce and crops show strength.
Money Reform Certain During Present Session
Senator Robert L Owen predicts Congress will pass a currency bill this session. He says immediate aims include mobile bank reserves, elastic currency for commerce, and a reserve bank system with government supervision. The plan would, among other features, secure Treasury notes by hard assets and require gold reserves, with reserve banks serving commerce rather than profit.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Secretary of the Treasury
Secretary of Agriculture
Comptroller of the Currency
Washington Board
Washington
Robert L Owen
Committee On Banking and Currency
Senate
Sunday American
Congress
Reserve Bank
United States Treasury
Treasury
United States
Reserve Banks
Sales of Pipe Are Life of Iron Trade
Birmingham Alabama June 21 Some pig iron sales in the Southern territory have occurred but not enough to confirm an upturn in buying. Prices hover near 11 dollars per ton for No 2 foundry iron. Local consumption improves as pipe plants receive immediate orders and shipments head to California. Foundries and machine shops are fair given the quiet pig iron market.
MENTIONED IN THIS ARTICLE
Birmingham
Ala
California
Atlanta Bankers Back Currency Bill as Step Forward
Atlanta bankers cautiously praise the administration currency measure, noting the re discount provision for short term commercial paper and the risk of political control over the proposed central board. They stress the need to study full text, with leaders like Frank Hawkins and James S. Floyd offering measured support and concerns about board composition.
MENTIONED IN THIS ARTICLE
Atlanta
Congress
Reserve Federal
Board of Control
Frank Hawkins
Third National Bank
Central Board
Washington
James S. Floyd
Atlanta National Bank
Floyd
Chicago
Reserve Bank
American Bankers’ Association
A. P. Coles
Central Bank and Trust Corporation
W. J. Blalock
Fulton National Bank
New York
John K. Ottley
Fourth National Bank
Robert J. Lowry
Lowry National Bank
Cotton and Corn Do Well During Week Of Warm Weather
Georgia crop conditions improved during the week as warm weather followed wet and cold spells. Cotton, slow to start, benefited from warmth but not yet satisfactory. continued favorable weather is hoped to improve it. Corn grew steadily with a bright outlook, suggesting a larger crop than last year. Ground breaking for oats and wheat stubble work continued, peas planted, more legumes planted than ever before, and peach shipments expected to drop while fruit quality remains marketable. Melon prospects improved.
MENTIONED IN THIS ARTICLE
Athens
Georgia
Big July dividends and bond interest to flow through Atlanta
About 1.5 million in dividends and bond interest will be paid within two weeks by Atlanta corporations the state city and firms with strong Atlanta investment. Of this 1.5 million roughly 285 500 is from Atlanta banks and 647 475 from local railroad and industrial firms while the rest is interest on bonds. The bulk goes to New York and Boston with about 100 000 returning to city residents.
MENTIONED IN THIS ARTICLE
Atlanta
New York
Trust Company of Georgia
Lowry National Bank
Lowry
Sccces
Central
Spot Gore
Eeee
Sete Ares
American
Atlanta Trust Company
Cvsvern Ceeee
Ecies
Atlanta Savings
Georgia Savings, Bank and Trust Company
Germania
Weta Wes Cedekessaekarne
The
Fulton National and Travelers’ Bank and Trust Company
Empire Cotton Oil Company
Atlantic Ice and Coal Corporation
Exposition Cotton Mills
Georgia Railroad
Constitution Publishing Company
Atlanta Journal
Atlanta and West Point Railroad
Georgia Railway and Electric Company
Georgia Railway and Power Company
Southern Ice Company
Realty Trust Company
Augusta
Nashville
State of
Georgia
Fulton Bag and Cotton Mills
Atlantic Ice and Coal Company
Georgia Railway
Stock Market Roundup From Saturday Trading Session
The table lists yesterday's high low and closing prices for traded stocks with net changes from Friday's close. It highlights market movement and key price ranges across the day, reflecting overall investor sentiment and volume in a concise summary.
Wheat Prices Off and Grains Steady Across Markets
Chicago cash quotations show wheat mixed by grade with No. 2 red at 1.00 to 1.04, No. 3 red 0.94 to 0.98, No. 2 hard winter 0.92 to 1.44, and other grades. Corn and oats also quoted with various prices, reflecting steady overall tone across markets.
MENTIONED IN THIS ARTICLE
Chicago
Snub to Railroads Triggers Broad Stock Liquidation
Charles W. Storm reports sharp London declines and a broad market drop after the Interstate Commerce Commission refused to reopen the freight rate case. Canadian Pacific and Reading lead losses while United States Steel weakens further. declines spread to Southern Pacific, Union Pacific, Pennsylvania, New Haven, New York Central, Lehigh Valley, and Erie amid weak end to trading.
MENTIONED IN THIS ARTICLE
Charles W. Storm
New York
London
Interstate Commerce Commission
Canadian Pacific
Reading
Amalgamated Copper
United States Steel Common
Southern Pacific
Union Pacific
Pennsylvania
New Haven
New York Central
Lehigh Valley
Greaten
Erie
St. Vs
Louisville
Nashville
Berlin
London Stock Exchange
Mexican Petroleum
Interboro Metropolitan
Great Northern
Money and Exchange Rates Reported in New York
New York June 21 posted rates show sterling exchange at 4.8344 to 4.87 percent with actual business in bankers bills for demand and 4.83 for 60 day bills, indicating the day’s overseas money market activity.
MENTIONED IN THIS ARTICLE
Money and Exchange
New York
Sterling Exchange
Middling and steady rates across multiple Southern cities
A compiled list shows percentages and tone for many cities from Atlanta to Greenville. Values range around middling twelve, with some variations such as New Orleans at 129-16 and New York at 13.40, while others stay steady or nominal. The spread reflects regional economic or market cues.
MENTIONED IN THIS ARTICLE
Atlanta
Athens
Macon
New Orleans
New York
Philadelphia
Boston
Liverpool
Savannah
Augusta
Norfolk
Galveston
Charleston
Mobile
Wilmington
Little Rock
Baltimore
Memphis
St. Louis
Houston
Louisville
Charlotte
Greenville
Bar Silver Stands At 58 1 2 Cents In New York
The New York market reports com ne bar silver at 58 1 2 cents and Mexican del az a states a variable bout.
MENTIONED IN THIS ARTICLE
New York
Dellaza
Raiders of Cotton Prices Meet With Bitter Defeat
NEW ORLEANS June 21 Bears in the cotton market were hit hard as October and December futures surged to 11.80 and 11.78 amid a bear panic followed by heavy short covering and later profit-taking by major bulls. A strong crop report from The Times-Democrat drove the rally while Liverpool and New York markets supported gains before a late reaction set in.
MENTIONED IN THIS ARTICLE
New Orleans
Times-Democrat
Liverpool
Bears
Brown
Shorts
New York
Liverpool Grain Market Wheat and Corn Close Steady
In Liverpool on June 21 wheat closed unchanged while corn finished unchanged to %d lower, reflecting a quiet market with little price movement amid steady demand and supply. The report notes stable prices across grains with no sharp shifts observed.
MENTIONED IN THIS ARTICLE
Liverpool
Cotton Prices Slip on Bearish Reports June Market Decline
New York June 21 weak Liverpool cables and a bearish weather map plus reports on crop conditions from Cordill and Turner pushed cotton prices lower. First prices fell 2 to 15 points from last night, with stronger selling after the call and continued weakness at the close, net down 11 to 31 points from Friday's final quotations.
MENTIONED IN THIS ARTICLE
New York
Liverpool
Cordill
Turner
Balkan
New Orleans
Galveston
Liverpool Cotton Market Opens Quiet then Sags in Decline
Liverpool June 21. Cotton futures opened due to higher January and mixed positions, with a net advance of 1 point, then closed easy with declines of 2 to 2.5 points on near months and 1 to 1.5 on distant positions. Spot cotton steady at middling 6 3/4, with 4,000 bales sold including 3,000 American. demand from speculators and exporters 3,000. imports 3,000.
MENTIONED IN THIS ARTICLE
Liverpool
Also Mentioned on This Page
Forbes
B. C. Forbes
Wilson
United States Bank
Irom
Minnesota
Owen
John Temple Graves
C. E. Currier
F. E. Block
Jas. S. Floyd
Geo.r.donovan Cashier
J. S. Kennedy
J. D. Leitner
Bill
Atlanta Securities
L&w. PL
E . Eee
American National Bank
Atlantic Ice and Coal Corp
Atlantic Ice & Coal Corp
Atlanta Brewing & Ice Co
Central Bank & Trust Corp
Augusta & Savannah Ry
Decatur Street
Fourth National Bank Exposition Cotton Mills Ee Ae Oo
G. Ry. & Elec. Co
G. Ry. & Pow. Co
Ry. & Pow. Co
Ou Co
Empire Cot. Bt
Empire Cot. Oil Co
Realty Trust
Realty Trust Comny
So. Ice Co
Com
Third National Bank So. Ice Co
Southwestern of Georgia
Trav. Bank & Trust Co
Ace & Coal Corp
Ry & E. Co Ist
Atlanta Consolidated
G. Ry & Elec. Co. Con
Southern ‘Bell Bs
M. A. Rose
New York Stock Market
Agricul
Atchison
Beth. Steel
Can
Pacific
Colo, F
Colo
Southern
Secur
Herour
North
G. Western
I Central
Interboro
Iowa Central
L. Valley
A. No. Pacific
Penna
P. Gas Co
Va P. Steel Car
R. I. and Steel
Rock Island
Sheffield
St. Paul
Tenn
Texas Pacific
Third Avenue
U. S
U. S. Steel
Utah
W.C. Chem
Wabash. le
W. Union
Maryland
W. Electric
W. Central
Northwestern
Shes
Sn Ae Ae
Lal
Rance
Sly
Miia ii
Fin Ccctecncite Vescience
Ce Sr
Ls Epuhe
Geese Es
Atlanta, Ga
Fulton