The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-10-05
SPIRITED LIST AT
EARLY SESSION
MET REALIZING
By Associated Press

were bid up in spirited fashion in the
early part of today's stock market
session, but heavy realizing sales at
the close resulted in a material re-
duction in most of the gains.
Apart from the speculative belief
that the recent reaction was an adj
justment of a weakened technical
position and had about run it's course.
the buying movement was influence
by the announced Intention of the
directors OF the Standard Oil company
of California TO declare 100 per
cent dividend. easier money rates and
the improved situation in the near
east.
Standard Oil shares again were dom
inant features. Forty thousand shares
of Standard Oil of California changed
hands in the first hour, the price be-
ing pushed up to ban. gain of "a
points over last nights final close
and "a above that of Monday, but
IL yielded to 1871 at the close today
on profit taking. Standard of New
Jersey touched 21oA, new high,
and Ga points above yesterdays
final quotation but it fell back ma
terially later, as did Mexican and
California Petroleum. and Houston
and Pacific Oils. Associated OIL
yielded less sharply. showing net
gain of points Mexican seaboard
issues were reactionary.
Pool operations were manifest In a
number OF special stocks National
Biscuit. which jumped l0h points
yesterday, was pushed another -
POINTS today but lost all but az
of its gains.
Coce-Cols Takes Rise
Coca-Cola also rose in response Of
rumors OF extra dividend disburae-
ments. registering a net gain of s5s
points.
kresge was pushed up to new
high ON the announcement that he
company will call for redemption ON
January ! all OF in outstanding
per cent notes, which originally
amounted to s3,000,000. other strong
spe cialtes included Corn Products. up
4 Dupont. UP ; 4. International Har-
vester up 3; Kelsey Wheel up 5; May
Department Stores up o1z, and Sears
Roebuck up "a.
Delaware. Lackawanna and West
ern. which has been bought heavily
of late on reports OF stock or e1-
dividend distribution, was pushed up
to u new high at 145. but fell back
for a net loss Of "a at the close.
Trading in other rails was light.
Steel shares were sluggish most of
the day. although Republic. Cructble
and Gulf States became quite active
in the final hour and registered mod
crate gains, shippfngs We're In bet
ter demand. Marine preferred being
pushed up over . points. and Amer
lean International corporation. j.
Total sales, 100000.
There was a further exchange OF
the call money rate. which opened
and renewed at 4 VI and softsned TO
just before the close. Time money
and commercial paper markets were
quiet
The feature of tho foreign ex-
change market was the drop OF Ger
man marks to the new low rata OF
Ills cents a hundred. Other OK
changes were firm. demand sterling
climbing TO 4.41A. a net gain OF
~, with slight Improvement in the
3 continental rates. Canadian dollars
were still selling at slight premium.
LIVE STOCK
BY Associated Press
Chicago. October 4.--Csttle: Receipts,
1900: strict choice. and prime. corn fed
matured native beef steers and yeariing
strong to Toe higher.
Top matured beef steers ..S1z.s6
Best long yearlings ......s.s. 1850
Bulk native beef steers .t... $50 ills
~ head North Dakota average
Nunsrous lots grsrsers 80. e.cs@ 100
Bulk stocksrs ard feeders $500 7.ss
Bulk desirable veal calves.
f asss: R.c.ipi.. $1,000; op.n ned 1oe to
1bc lower than yestsrday's average; clos
ing strong at the decline.
Balke ,7s oa.osie: aysraase! s7SS sss
Few s4olib. butchers 1870. SIS
Packing Hows ................ 1850 500
Desirable pigs mostly ..:..... 800
sheep: Receipts. $4,000; market gener-
Top native lambs ...........$1s.s5
Bulk natives ....-.....--... 1929 @1sSe
Culls. mostly -.....s......' soo
East St Louis. October 4.-Cattle: Re
ceipts. 1000; fed steers generally steady,
with spots strong; Texas grassers, Toe 70
light calves. Csc higher other classes
steady.
Bulk fed steers ............. s.00@l100
Western grassers ....s....... 4.b0@ 100
Light yearlings .........''. s.seg s.se
Beef cows ....s............ 5.IoP $40
Bologna bulls .......-..'-..' s,eoW d.gg
Light calves ,....;....... lo.2S@ 1872
Hogs Receipts 1900; market Toe to
15c lower.
Top, good weight butchers IS $50
Bulk 100 to 2o0-lb. averages. $500 s.e5
200 to $50 FOUNDER ......... 1850 e.I6
Light lights .;...........t.. 92S9 sso
Good weight pigs .,.......,.. 5000 ssb
lower on sheep and lambs.
Small lot lambs to butchers. .$lS,I5
Top on full load ...-.'...... 1852
Bulk light fat ewes ......... SIS
SUGAR MARKET
BY Associated Press
New York. October 4.-The raw sugar
market was firm and unchanged at sac
for rsubas cost and freight. equal to b.2Sc
~ frifi vol wi RlCO9