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Newspaper
Thomasville Times Enterprise
Location
Thomasville, Georgia, United States of America
Date
Aug 27, 1925
Page
4
Wheat futures in St. Louis rise with Sept at 1.60 and Dec at 1.59 dollars per bushel while May sits at 1.61. Corn quotes show Sept at 92 cents, Dec at 81, and May at 84 cents per bushel in the August 27 report.
New York markets show stocks firm bonds irregular and currencies steady with steady cotton sugar and easy coffee. Chicago markets note higher wheat and hogs, steady corn and irregular cattle.
The New York spot cotton market opened quiet with middling grade at 23.05 cents per pound. No sales details reported as of midday.
New Orleans cotton prices report closes with gains on all active months. January at 22.44, March 22.67, May 22.77, October 22.19, December 22.39.
Major General Taylor, chief of army engineers, announced the acceptance of the special army board's report on the steamship Norman disaster. The report places responsibility on nearly all officers and men involved with the ship and its operation, but Taylor says it is too late to take action and urges caution to prevent future disasters.
Washington reports an autumnal expansion with the Federal Reserve Board noting a first definite upward turn since January. July and early August show increased output in lumber coal cement iron and steel and wool activity despite some declines in silk and rubber tires. Building contracts rose above June records with July freight car loading at a new high and wholesale prices advancing amid expanding farm production.
Atlanta reports that despite a 75 000 per year cap in the 1926 27 appropriation the Market Bureau may still receive the 100 000 it sought Officials note a 1921 act would require 100 000 minimum funded by fertilizer tax increases but a repealer was not passed creating risk of court action in Fulton County if the proviso is challenged by lawmakers and opponents.
The article reports on Franco British debt negotiations with France pressing for assurances. France wants proportional treatment by creditors and guarantees it will not pay more than it receives from Germany. Churchill and Caillaux praise goodwill and keep talks suspended to review potential U.S. creditor impact.
Moscow reports the Mongolian mission denies Roy Chapman Andrews assertion that Soviet Mongolian friction blocks ongoing research. The statement says no barrier exists and research will continue as planned.
Copenhagen reports the destruction of German submarine U-2 off Yeilby Beach near West Jutland. The sub famed for torpedoing Lusitania in 1915 was sunk by about a ton of explosives on Danish order. U-20 had grounded near Jutland in 1916 and its commander Lieutenant Commander Schweiger died in the 1918 admiralty confession.
New York leaders poured out speeches as Gov. Smith readied for a Brooklyn appearance that signals a campaign turning point. Tammany faces Hylan rivals while Mayor McCooey shifts from hostility to support for the grade crossing bond. France warns negotiations must respect treaty rights and Rhineland conditions, delaying any surrender of Versailles provisions.
Atlanta star Bobby Jones, longtime national amateur boss and former national open champion, arrives in Pittsburg as the defending amateur champion and top seed for next week’s national amateur at Oakmont Country Club.
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