The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-22
.DULLNESS STILL
HANGS OVER WALL
TRADING

BY Associated Press
New York, November 2i-Dullness
again characterized the trading in today's
stock market. moving in confused man
ner and operations being almost entirely
e. of professional character.
Opening prices were generally firm, but
acute weakness of General Asphalt com
mon and preferred and United States Rub
Der caused the list to turn heavy in the
first hour. and thereafter prices bohbed
up and down. short selling against some
OF the standard issues giving the market
the appearance OF weakness at the close.
Renewed activity was noted in the sugar
shares apparently in speculative antioipa-
ton or favorable earnings statements In
tho forthcoming annual reports Ameri-
! can Sugar crossed H. but closed Just
under that figure for a net gain OF y.
pointn Cuba Cane and Punts Allegro sug
are improved nearly point, and cuban
American sugar advanced fractionally.
Directors OF the Cuban American sugar
company arc expected TO reach some de-
cision tomorrow reearding the COMPANY
shares generally showed slight recessions on
comparatively small turnovers, their neg
lect being attributed to the uncertainty
concerning program of the present Con
gress. The first October railroad report,
that OF this Kansas City. Southern. pub
: lished today, showed an increase, In both
gross and net revenues as compared with
September. but decrease as compared
with the Same month last year: However,
this WAS not generally regarded as rep
resentaav' case "st Wa. Heavy
holders that the shipments strike cost
the Baltimore and Ohio railroad between
slo,ooo,oo0 and $it,o0o,0o0 had besrish
effect on sentiment as regards the rail
independent st.els. motors. motor scces;;
SORES, chemicals and textiles all started
we'll at the start but final prices presented
a varied assortment OF changes Early buy,
ing Of Mdvsle, which touched s2 revived
reports Of its possible absorption by Beth,
lehem, but II sold off later to zeB, ana
then raliied to so% for small fraeoan ma
off nearly half, while Bethlehem b. Re
public and vanadium yielded at least
p0 BALDWIN. studebaker and Corn Products
enjoyed brief periods OF strength , oai
russd under the rhSst attaoks moved w np
Az points in response to the ala per
cent stock dividend. ,.
Publication of President HardinSs ship
subsidy message breathed little life into
marine issues, which advanced slightly ana
then fell back, Msrins common NON; ana cto prs
Fruit sold off more than point. 80
per cent, advanced to and thence TO n,
Business In time money continues on a ,.p
per cont e 's,,ndsrataip active. the ruling
rate for primo names being ~ per cent
Foreirn exchanges opened firm In rstisc-
ton Of the higher London quotations put
later developed marked weakness: De
.ssy 'ts ss..a ri shs to sss
French francs slipped from 7si to 40;
Today's sales. sesooo 81 sss ,co .n a9ss.
s ssre period last year. I5s.2o4s2s shares
Days averages: 30 industrials, e6.es: net
change .2s; 80 railroads Se.ss; net ohanse
industrials. Highest average 1922 tocto-
Der 14l, 1c3.ts; lowest average 1879 t'ah-
Ha Rya, lv, '' Highest average 1922 tssg.,
tember III 1898. lowest average 1879
(Janunry 81. fs.4s.
CHICAGO STOCKS
Chicago. November 2i.-Armour pre-
,nonweaith Edison, 1851; Diamond Match,
iao; Libby McNeili ~; Middlewest ttii.
tiles. 45&; National Leather. ga. SWIFT q
CO.. 1851. Swift international, III
Union Carbide, sois United Light and
Railway, 60; VAIL, 5sh Western Knit.
tins. 8: yellow Manufacturing j. 1s2;
yellow Taxi, 71A.
New York, November sf.--caii money
frimer; hgh. ~ per cent: low. ~ per
Gent; ruling rate ~ per cent mar 0'o osn4:
last loan, 5is per cent. Call loans against
acceptances, 4 per cent. Time loans firm;
mixed collateral. 5000 days. i per c Gem,
four-six months. per cent prime ooii-
mercial paper. Az per cent.
FOREIGN EXCHANGE
New York, November s1.-Forsign s1-
change easy. Great Britain. dem demand,
hanks, 4.46 ais. France, demand Iiu'
cables, III: Italy. asa ana 4.eth: Bel
GUM, ss4 and $751;; Germany. .oi Sis
and .0I&: Holland, 1915 and 1885; Nor
way. 1870; sweden. ss.7o: Denmark, soIs;
switzeriand. 1870: Spain. 1880; Greece,
1856; Poland, .ooE: Csechoslovakia. 3.l6;
Argentine. $3.50; BRAZIL. 1859; Montreal,
100 1872.
FOREIGN BAR SILVER
New York. November 2l.-Foreign bar
silver was csc; Mexican dollars, 1870.
RAW SILK
New York, November s1.-Raw silk was
steady. Prices unchanged.
LONDON MONEY
London, November 21.--Bar silver, S2Nd
per ounce. Money. ~ per cent. Discount
rates: Short and three months bills,
27-1s@3s-1s Per cent.
LIVE STOCK
Chicago, November 21.--Cattle: Receipts.
$4,000; strictly good and choice steady:
lower grades weak. uneven. 10 to 1sc
Top ratursd steers and year
ltngs 49,. .Sldsos
Relatively few above. 1880
Bulk native beef steers. ...... 5000 e.iS
Bulk desirable veal calves to
packers around ............ 500
Few At ............ ZOO
Bulk Gamers ...............s 1850 soe
Stronger weights ...........~ a.10
Bulk desirable bologna bulls. $50 A.So
Bulk stockeYs and feeders. $3.50 100
Hogs; Receipts. $4,000; steady; closing
Bulk ITO 70 sss.,s. averages. q 7.75o r.ss
Few 40 to 1eo-lh. averages. 1900 500