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Newspaper
Atlanta Georgian
Location
Atlanta, Georgia, United States of America
Date
Mar 29, 1913
Page
9
By B. C. Forbes, April 1905. Vice President Marshall urges bold action to invest $75,000,000 in a climate of tariff cuts, banking reform, and rail uncertainties. Finance leaders warn money scarcity, tighter credit, and government policy threaten prosperity.
A brief notice highlights how every want ad serves as an opportunity for readers to find goods services or employment. It underscores practical value in classifieds and encourages careful reading of listings for timely leads.
Rome reports the Pope has not relapsed and is slowly improving though still ill. Osservatore Romano says his condition is satisfactory and he needs several more days of rest. He will not hold audiences before April 4. London accounts describe the Anglo-Saxon Fair aims and the 1914 Anglo American Exposition centennial of peace.
The Atlanta Georgian opens a Q and A style investors column answering reader questions on investments markets and business. It clarifies why railroads issue notes before bonds and explains real estate mortgage bonds secured by mortgages on conservatively valued real estate.
The Edwin P. Ansley Real Estate Agency plans a 7 o'clock dinner at Cafe Durand for about 30 staff members led by Mr Ansley recently back from Florida. Resolutions praising late Governor W J Northen are adopted by Atlanta African Methodist Episcopal Ministers Union. Reverend E Dean Ellenwood will preach farewell in Atlanta and will depart next Thursday for Elgin Universalist church. Reverend O Howard Perkins will lecture on Cuba at the Universalist church Sunday night. Atlanta Republic Rubber Co office reports Youngstown floodwaters reaching fire protection pumps. Walter G Cooper named official delegate to the Richmond Business Men's conference April 15 16 17 to discuss agricultural improvements in the South. Reverend John Skelton to give sermon Where Christ Received Gifts. Murray of Atlanta, formerly with Porto Rico hydrography, to return in mid May. visiting with Mr and Mrs B M Hall at 506 Spring Street.
Logan Bryan note a cautious policy of short commitments until outcomes of flood disasters become clearer. Atwood Violet & Co signal likely need to scale back if a bull movement is to occur. Norden Co anticipates a scalping market while Sinn Co and other firms weigh whether bulls can push prices higher.
New York cotton opened barely steady with gains as Liverpool emerged as a steady buyer. March and May rallied, bears remain dominant, rumors of Balkan war near end and favorable Texas weather supported prices. Afternoon session held firm with March May and July higher than opening, closing 7 to 14 points up from Thursday.
Liverpool March 28 The market opened 4 to 4.5 points lower then steadied with near positions down 2 to 2.5 points and distant months down 1 to 2. Prices closed 1 to 4 points lower than Thursday's final. Spot cotton quiet at 4 points lower, middling 6.94 cents. 6,000 bales sold, including 5,200 American. Port receipts estimated 14,000 bales, versus 15,818 last week and 238,725 year ago.
Hayward and Clark summarize Liverpool futures about two points above, spot sales four points lower with 6,000 bales traded. A cable notes spinners at month end sustaining the market, though delayed calls and small spot sales weaken urgency. The New Orleans market opened a few points higher then rose to 12.25 for May on Liverpool strength and a Western weather outlook.
The report shows varied cotton prices with middling grades ranging from 12% to 125 in Atlanta and other cities. Market tone is mostly steady or quiet with few places indicating easy or firm pricing, while Liverpool shows firm middling at 694d.
Reports from New York and New Orleans detail ongoing cotton market activity with bears, buying from spots, and implied sell pressure. Cables note American and Liverpool bids, with weather forecasts showing milder conditions and limited frost risk across the belt. Estimates for Saturday receipts include New Orleans and Galveston figures amid expectations of delayed planting and potential July movement.
Washington march 28 fair weather is indicated to night and Saturday for all sections east of the Rockies except frontier states from the north Lake region to the mountains. Frost will occur tonight in Atlantic states north of Florida and in Alabama and eastern Tennessee. Warmer weather to overspread western and central regions tonight and Saturday with general forecast through 7 p.m. Saturday. Georgia fair with rising temperatures and frost tonight. Virginia and North Carolina fair with killing frost then rising temperatures. South Carolina fair tonight with heavy frost, warmer Saturday. Alabama fair tonight and Saturday with frost tonight. Florida fair in north central and rain in south tonight or Saturday, warmer north portion tonight and Saturday. Mississippi fair tonight and probably Saturday with rising temperatures. Louisiana and Arkansas increasing cloudiness and warmer. Oklahoma and Texas unsettled and warmer.
The weekly report notes a drop of 103,12 bales in American visible supply versus last year, with other kinds up 24,000 bales. Total American visible supply fell 79,126 bales, while world totals show 8,739,456 bales for American and 211,000 bales for other kinds. Movement into sight and consumption figures are given for 1913 and 1912 with Sept 1 benchmarks.
Corrected by the National Stock Yards Commission Company. Mules range from 14 to 16 hands with prices from 115 to 330 dollars depending on size and finish. Horses list Southern chunk rough to finish, good driving quality and draughts priced from 75 to 210 dollars. some entries incomplete or cut.
VERDUN FRANCE March 28 Lieutenant Hresserd of the French army aviation corps was killed today when his aeroplane fell 300 feet.
The United States Department of Agriculture report states foreign crops will average. Argentina, Chile and Australia harvested wheat of excellent quality with 40,000,000 bushels more than last year. Droughts cut Argentina corn by 100,000,000 bushels. Indian wheat damaged. European winter cereals hurt by wet weather. Canada wheat down 16,000,000 bushels. Oats, barley, flaxseed up. corn down 2,000,000. potatoes and alfalfa rise.
Weather in Chicago on March 28 described as seasonable and favorable for the wheat crop. Market notes cite weak yesterday trading driven by inherent factors rather than fundamentals with no strong cash demand. Corn, cattle, and provisions are influenced by limited cash demand and receipts, with prices seen as slightly lower pending receipts volume.
Liverpool market notes wheat opened unchanged to fraction higher with firm midday and closed unchanged. Corn opened quiet and steady, ended with small gains or losses by 1 30 p m. Oats remained unchanged with minor movement.
The question asks whether Spanish War Veterans of Georgia may parade under arms on Memorial Day funerals and similar occasions. Adjutant General Nash says they fall under the same rules as other groups and must obtain a governor's license to parade.
Mrs Romelia Bird Culberson widow of Colonel John Pope Culberson died Thursday midnight at her daughter Mrs Ronnie Culberson’s home in Georgia. She married in 1853 and had been ill since Colonel Culberson’s death in 1912. Survived by six children including John Pope Culberson Chattanooga Mrs Lyman Ivy Big Springs Tex Charles F Culberson Minden La Mrs Jerry K McCall Mrs Ronnie Culberson Abbott and Mrs Annie Culberson Perry. Body at Patterson's with funeral arrangements to be announced later.
The Georgia Tech electrical engineering senior class of twenty will depart Sunday for a three day inspection tour of power plants around and in Chattanooga Tennessee. The Chattanooga and Tennessee River Power Company will be the first stop, followed by Hale's Lock dam on the Tennessee River noted for its lift greater than the Panama locks. This Chattanooga trip is the final excursion of the year for the class.
St Louis report quotes Alfred Noyes urging poets to swing a pick instead of chopping English, praising poetry’s future in America and noting rising interest among men, without naming individuals. He calls for clearer, stronger verse and criticizes overworked phrasing.
A dense market listing from Atlanta shows prices for eggs, butter, dressed and live poultry, fruits, vegetables, and a wide range of provisions. It includes per pound, per crate, and per case quotes for items from lemons and oranges to flour, meats, canned goods, and hardware. The compendium reflects regional supply and demand with many items varying by weight or batch.
Stocks stayed steady at the open with leaders rising including Union Pacific 149, Reading 158, and Canadian Pacific 2. Gains spread to Amalgamated Copper 4, American Smelting 4, AT&T 14, Anaconda Copper, Wenger 2, US Steel percentage. Declines included Pennsylvania 4, Copper 4, and American Can. Trading was quiet with a dull curb and nervous Americans in London. market closed steady with bonds unchanged.
In New York on March 28 money markets quoted on call at 44 percent. Time money changed for sixty days at 54, ninety days at 5 percent, and six months at 5 percent posted. Sterling exchange ranged 4.84 to 4.88 with bankers' bills at 4.8705 to 4.8710 for demand and 4.83 for sixty-day bills. Prime mercantile paper unchanged.
Moderate cattle supply in Atlanta yards with two loads of choice shorthorn steers selling to top prices for beef cattle. Quoted actual purchases show high ranges for steers, cows, heifers, and hogs, with mixed loads and varied grades. Cattle receipts light, hog receipts normal, market steady amid Georgia beef industry progress.
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