The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1922-12-12
POPULAR SHARES
SHOW LOSSES AT
CLOSE OF TRADING

general business and Industrial situation.
Most of the popular shares showed losses
Opening prices were generally firm, but
the small volume of buying power tempted
mental short selling. studebaker. Cali
fornis Petroleum. Baldwin and few other
to pressure. The further strength OF
sterling exchange, additional extra dtvi-
dend disbursements and a lower rate Tor
sentimental effect in bringing about the
rally which occurred around midday. From
movement with few Individual shares
showing marked strength.
National Lead Feature
National Lead provided Of the fen
lures of the session, being pushed up
points, to l2ah. new high record, seen or
and rallying to 1888, where it repre-
scented net gain of Ss.
Allied Chemical led rather spirited
advance of chemical shares. closing attS0,
net gain of 4% the sudden strength
sation of the extensive tax selling in this
group and reports of substantial improve
chemlcal and virginia Carolina Chemical
common and preferred moved UP to z9s
Hudson Motors broke through to 2sss.
of an extra dividend of 25c. a share, and
other low priced motors hardened IN sym.
patty, but forfeited their gains in the
a decrease in the untitled orders of the
United States Steel corporation was used
as an excuse for short attack on certain
shares in that group, but II failed to make
mon yielded a small fraction and Hepubnc
y, but special buying went on In cruel
Oils Are Heavy
Oils were generally heavy losses OF TO
AZ points being registered by Houston, the
Pan-American issues. STANDARD olls OF
Mew Jersey and caIie9rnlia ad ROYAL
Dutch. Rails were Sluggish ana sener-
ally lower. but the losses Tor the most
Liquidation for the account of the es-
tate of William O. Rockefeller is the lat
est reason ascribed for the recent WEAK
ness of St. Paul issues.
The high premium for the loaning OF
encs of a sizeable short interest. covering
operations resulting in gain OF approx
mately points. and
hardened 70 " Time money rates con
tinued at AZ per cent for the sp ps on mar
neriods Little new commercial paper Is
coming into the market. prime names
e0 Adiournment Of the allied prendiers'
conference in London failed 70 nsi s4 10
advance in sterling which ~ t9 }Ss year Xii
the other allied rates also moved 70 hls sash
ground, but the Norwegian rate. wnien
touched new high saturday u'opp'u
DAYS total sales. $4,000 shares
x. Twenty hI pdast issa iosts low
twenty railroads averaged s435. net
loss ~; high, 1922. 1899; low, 1883
LONDON MONEY
LONDON, Dec. 11.-Bar silver, 81 s-leo
per ounce Money, IA per cent Discount
rates: Short and three months bills az"
Q2ss per cent.
RAW SILK
NEW YORK, Dec. 11.-Raw silk easier;
prices. per pound: Kansai double extra
cracks, ss.s5qs45; kansai ,, best Nsaoii51
sso. shinshu No. /. ss.o5@s.15: Canton
extra 4 i4-16. s7.6o@7.7o; shanghai China
steam filler gold double deer, $3.50 % S.so.
STEEL
NEW YORK, Dec. 11-steel prices, / ..
b. Pittsburg. per 100 pounds Blue an
neaied sheets. s2.50@2.75; galvanizeo
sheets S435@4.T5 black sheets, Ss.3oW
SIS; steel bars. s2@2.f0.
NEW YORK MONEY
NEW YORK Dec. ff.-Cal money was
easier; high. IA per cent low. a per
cent. ruling rates 4.sspes ssl osrt
last loan Az per cent. Call loans against
acceptances, 3A per cent. Time loans
steady; mixed collateral, 500 da s :, n ~
cent; prime commercial paper, AZ per
cent.
HORSE AND MULE MARKET
EAST ST. LOUIS, Dec. 1.-THE horse
and mule market was flrmer today ofiern
horses
eI Horses-Good to choice drafts, s1459
1875: medium to good drafts. $50 y ifo,
good to choice chunks, s45@ ITO; medium
to good chunks. $45@75; cnolce soutnei.,
ha,ses s6Om75; fair TO good southern
g t ~ sI5ce35.
,,ty1es- Draft is to II hands, s17bT
ozn. sugar IA 10 1862 hands. 1890 1876;
nine 1siS to Is hands. s115915o; mine.
ri 10 I52 hands Sis q $50; top cotton,
XXI IN ~ hands, 500 q 100, cotton,
.msiI IA 10 Is hands, sS0Qp65.
LIVE STOCK
EAST ST LOUIS, H., Dec. 11-Sheep'
Receints T. 500; steady to 15c higher on
lambs. four decks local fed lambs 15c
higher 10 butchers and packers at SIS.
otber lambs .s.f..t..... S14. so q 1855
am Observation-Disclosures. 1880 1900
Culls Observation-Disclosures. 10o0Q11.oo
Fat ewes bulk handy weights $50
1Ias,iss .'........... 1000 450
Cattle: Receipts 5000: beef steers
steady; light yearlings. cows and Gamers
stasds, 10 strong: bologna bulls steady;
i'm vealers steady to soc higher; stocker
steers 25c higher; buks follow:
CO.. ..5.......S $50 a 900
1i-bt ve.rlinps .....,... 5000 $50
1nSys ..'7s............ 1000 5.25
Coms 80 ......... 1850 $50
pr1is $3.50 AIS
Calves 500
non $50
esncLsr steers ... 1850 500
Ifags. Reeeints IL 900: steady to I0c
higber
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