The Birmingham age-herald., 1923-02-22
BULLS SUCCEED IN
 RAISING PRICES. IN SOME QUARTERS.

AAt - V AF& ~ V - = 1T
 NEW YORK, Feb. 21.-Pre-holiday dullness characterized trading in most of the popular industrial shares In today's market, but the bulls sue ceeded in making progress in other quarters, particularly among high priced rails, textile and public utility shares, despite intermittent profit, taking and bear selling in several sections. Sales again exceeded the million share mark for the twelfth consecutive session.
 Louisville and Nashville was an outstanding strong spot, establishing a new high record at 151 on a net gain of points, buying being based on preliminary estimates of 1922 earnings at more than s14 a share and report of an early and favorable decision on the roads application to increase its capital stock to $125,000,- 900. Atlantic Coast Line, which owns more than 50 per cents of the Louisville and Nashville stock, closed ? points higher at 122. Other strong spots in the rail list were Union Pa cific, which established new top at 143&, Chicago and Northwestern common and preferred and Great Northern preferred all up a point or more.
 Sterling Goes High
 Sales of copper at 16Ac a pound. new high record since 1920, and re- ports of record pig iron production this month were the chief items of trade news. Another new high rec ord for sterling at $4.72 also was re- garded as bullish factor.
 United States Steel common and Baldwin closed the day unchanged ana Studebaker was only 1sc higher. American Locomotive closed a point higher at 127. A report of the Ma tional Association of Wool Manufac- turers that the consumption of wool. stocks was close to. pre-war, levels sent American Woolen to a new high at l04 B, the stock reacting later to IO3%, where it was up IA on the day. Associated Dry Goods jumped up points, selling above 741k.
 stromberg Carburetor, which Jumped nearly 15 points in two days showed good resistance to heavy protit taking, closing at s1% for d net loss of less than a point. Bosch Magneto and Spicer also yielded slightly, but Stewart Warner climbed : F points to s6A. and Electric Stor-. age battery nearly 2 points to 59I1. American Agricultural Chemical nre- ierred close IFS higher, and Davison at 34%. 'e4 Sugar Shows sfrengt6
 Strength of sugar shares Ind,ca+aa completion of the "digesting pro- cess following the recent spectacu- lar rally in those issues, South Porto uican closing points higher and Gu pan-American and Cuba Cane nrel ferred each gaining point. other. strong spots were North American computing, Tabulating and Record ing and United Drug, all up 2 to 8 points. 'o
 Call money opened at 5 ner cant advanced to 51k during the noon bonr and then dropped back to inst he 1ore the close. Time money was qulet, with funds in supply at per cent Tor all maturities. Commercfar paper continues firm, prime names commanding 4% per cent.
 strength of sterling was the fea- e eure or the foreign exchange market Sseandinavian exchanges were strong out the other European rates were only nominally higher.
 Days total sales, 1.067 o0o sbaras
 Twenty industrials averaeed fa3 sa. 36.96. -'' AVs'o's low
 Twenty railroads averaged oo as., s4.53. -'-'' 'V'4@'a low
 NEW YORK MONEY [ NEW YORK, Feb. 21.--CalI money fir,,, ! ,s ST. s 9 n per cent; low, 5 per cent: ruling offsr,.S ger gent; closing bid. per cent: oent 1, a1 D per cent; last loan. per a ttcsnt. cent. lime loans easier; mixed col Isteral. 60-90 days AZ q6 per cent. ron,- paper rontns. lsl nSr per cent; prime commercial
 RAW SILK
 prices '" sr n aohh:. & Feb. 21.-Raw silk firm; s prless per pound Kansai double extra 5scKs, @s'7o. STs:se9s' T kapsai best No. 1. ssso
 ls, @ ssis5sss s0 ss5 Ssntgs tSa sxtTss steam filler gold double'deer. ss.s5@s.25.
 LONDON MONEY
 per ounce, Money. 2l per cent. t,VeT DisSont So% tses tsrss.montRs snGrt b,s sils sas71s@2 G per
 sUGARxAIARKET
 firm and unchanged &at SIC for e,uhas cost cost and, freight, equal to f.O5c for cen, saIes Were rhere renar,% was IS good inquiry and 10 refiner, at 5kce@eost and freighf and s,ooo bags to an operator lat 5 lIc fl n h I for centrifugal; 1O2,00O bags Phiiipnine ecentrlfusals at 7.osc and s7,4oO bags at
 Raw sugar futures were firm ana .o tive, and final prices were within a point or two of the best and from 24 to- 27 aS Ges sse h1ghsr gy Closing March Refined was unchanged to 50 points nigher; with fine granuated now quoted quiry reported.
 Refined futures were steadier and closed 1hhchanseS ,ho to le points net higher, al confined to June at S.70c and July at
 CITIES SERVICE QUOTATIONS Furnished by Henry l.. Doherty & Co.,,
 p,n,,acan American Trust Bldg.) ,,, BIRMINGHAM. Feb. 21.- Bid. Ask. Cities Service debs D.......... s2 95 Cities Service 6s pfd. fd.......... 6sK 69% Cities Service pref BE-. ........ s5 65la Cities Service bankers .....s... 19M 2OM Cities Service common ........191h 194h Empire Gas & Fuel ss pfd. .... 80 s2lz
 COFFEE MARKET
 NEW YORK, Feb 21.--Coffee futures After opening points lower to uoint higher. prices worked up few points. but eased off again on rather easier cables with December net points higher but generally net unchanged to 10 points lower. EstlmAteu sales, z4,IbV bags. Closing March 12c. May II 51c. July 10.sbc, Sep tember 9 .96c. December 9. 6sc.
 Spot coffee dull; Rio 7s, 1sAc; Santos, 15% 016c. Cost and freight offers were in rather better supply and some what ir-s regular. including Santos 3s. and 5s part bourbon. at II Sz1a @15 25c, and Rio IS at 12 259 IF .45c American credits.
 The early cables from Brazil reported no change in Rio.eexchange rates or in changed to 100 reis lower. Later a spe- cial cable was received, showing a de- ,Ilp of in ha Sap