The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-11-21
STRENGTHISGIVENI
STOCK TRADING BY
SEVERAL FACTORS


New FORK. November 2O.-Pool opera
tionA combined with short covering In
some quarters where the supply OF stocks
at current prices was apparently scarce,
gave the stock market an appearance OF
strength today. Some sharp advances in
short attack on General Asphalt. which
vas depressed to 40kc and then rallied 70
tokc for net loss on the day of So
Interest was centered principally on
ths strength of foreign exchanges de-
4fss, or less than > Cents below the high
record reached last June. French francs,
which registered their low Of the year,
SIT. only two weeks ago were quoted az
ia, and similar improvement was noted
In most OF the other European rates. Even
4 hundred, despite an increase of 65,oo0.-
100000 marks in note circulation shown
IN the weekly statement Of the Reichs-
stock Dividends
Speculation of stock dividends was gen
orally attributed for the reason for the
strength Of Continental Can and F. W..
woolworth. each OF which reached new new
got as high as 100 for the first time since
1919. but 1t dropped to looSs, represent
ing 4 net gain Of y at that figure Wool.
Independent steels and sugars were the
outstanding Industrial shares. Trading In
railroad stocks was quiet, their neglect be-
ing attributed to the possibility OF un-
fayoTssls legislation in C com,nnn v,sldea
frsctionaliy. but Gulf States moved up 3
points: Midvale ss, Lackawanna w ~,
adium | each. sugars were In good de-
mand in anticipation OF favorable an.
nual statements and in reflection OF the
the industry. gains of 1 TO points being
registered by American Sugar, American
Beet Sugar, Cuban AMERICAN sugardi cu na
Punta Allegro Sugar, c,,.
In
spots were Coca-cola. Tobacco PRODUCTS
and Reynolds Tobacco. q
Total sales were 5se,7oo shares.
Call money opened and renewed at x
per cent and later advanced to "A and
then to s. Time money business continued
trading quiet. The commercial paper
rate continues at AZ per cent Tor the
bulk of the best names
NEW YORK MONEY
New York. November 2o.--Caii money
firner; high. per cent; low, ~ per GENT,
ruling rate, AZ per cent; closing n'd.,
loan per cent Call loans against &C
ceptances, az per cent. Time loans firm;
mixed collateral. 5000 days. per cent :
four six months. per cent. frlme coiit-
mcrcial papers4% per cent.
RAW SILK
New York. November 2o.--Ra ssils' was
steady Prices per pound: Kansai double
extra cracks $s.55@s.7o: Kansai best No.
/, ss.sS@s.%5: Kansai No. filler, $3.50 @
$40; shinshu Ne. l. $500 s,35; Canton
extras A. 14-16, s7.so1s; Shanghai China
steam filler gold double deer. ss.so@s.
STEEL
New York. November 2o.-steei prices,
annealed sheets, s2.5o@2.T5; galvanized
sheets, t4.s5@4.7s: black sheets. $3.50
s.75; steel bars. s2G2.1S.
yAyAr. SToREs
Savannah, Ca. November sc.-rurpen-
tine quiet, s1.S2x; sales, none. receipts
2T2.A shipments, 277; stock. 12.a4s. Rosil
firm; receipts 1.14o; shipments 1913; sales,
14s2: stock. 1oo,0ss. Quote: B, D. e, #,
G. H. ss.35; T. s5.37h x, $500 M,
$3.50: N. $3.50: VIC. s6o5; WV, 1855.
SPOT COTTON
New Orleans November e0.-Spot cot
ton steady; 25 points lower. Sales on the
spot f47, TO arrive, 955. Low middling.
4.15c; middling, csc; good middling
25.63c Receipts. 1o94s; stock. 2ss,1sf.
New York, November 2o.-spots quiet.
Midduns. 25.o5c.
SPOT COFFEE
New York, November 2o.--Cotfee: Rio
No. lilo i3-1ec: futures easy; December.
s-7oc;s May. s,2sc.
METALS
New York. November 20.-Copper was
steady, electrolyN, spot and futures, 1875
dI4e. Tin steady; spot and futures,
81; No 2 northern. saSG 30; No. 2 south
arn SaAGp2e Lead steady. spot STD7.25.