The Birmingham age-herald., 1923-04-29
NET LOSSES RANGE
 FROM FRACTIONS TO THREE POINTS

TO THREE POINTS 'S' NEW YORK, April 2s.-stock prices again lost ground in today's brief and relatively dull session. Net losses in the active issues ranged from small fractions to points.
 Outside the stock market, finan- cial interest centered in the sharp reactions in the cotton and sugar fu- lures markets, tEe former dropping 40 60 70 points and the latter 26 to 27 Cuban rhws were offersd late in the day al 6ss cents pound, or quarter of a cent below the previous sale. Bear operations in the stock market were encouraged by the em- phasis placed in the weekly mercan- tile reviews of the slackening in in dustrial expansion, the speculative uncertainty concerning the immedI- ate course of oil prices and the cas- ing tendency of commodity prices. recent advances which furnished the impetus for bullish demonstrations in various sections of the list. Oi. shares were again the precential target for selling pressure, the Barnsdall issues being singled out and depressed to new low prices for the year, the A stock touching 2012 and closing points lower at 21 and the B stock closing l F lower at 15. Several other shares in that group were forced down point or so, but good buying support set in at the lower levels and net losses were linn tied to fractions. One block of 7,500 shares of Texas Company changed hands at 47.
 Reports of buyers strikes against the high prices of sugar inspired some hurried liquidation of those shares, South Porto Rican Sugar and Cuban Dominican preferred each dra n mt ferred 1A and Cuban American, Punta Alegre and Cuban Dominican common each yielding a.
 Some of the other important re- sessions in the industrial list were made in Studebaker, Corn Products, American Can. Bosch Magneto, Cen tral Leather preferred, General Elec- tric, Mack Truck, Lorillard Tobacco. , Philip Morris, United Fruit and Stromberg Carburetor, all off l to IF points.
 Trading in railroad shares was dull. with price changes mixed Gains, however, extended losses among the standard issues at the close.
 Dupont Powder was one of the few ' outstanding strong spots, reaching a new peak price for the year at 14sh and then slipping back to 147A, where it was up l% on the day.
 Little business was done in the foreign exchange market, with only nominal changes in rates Days total sales, 37s,30o shares. Twenty industrials averaged 100.61: i: net loss. 1.0l. High 1923. 105.3S; low, ss.ss.
 twenty railroads averaged S6.6o, net gain, .0S. High 1923. 90.63; low, shs4.53.
 LONDON MONEY
 LONDON, April 2s-Bar silver, S2 l5-16d per ounce MGney a per nsr cent cent T6ree months bills per cent
 FOREIGN SILVER
 NEW YORK April 2S.-Foreign bar sil- yer STAG. Mexican dollars 51s4c. .e FOREIGN EXCHANGES
 NEW YORK April 2s.--Foreign ex- Great Britain, demand 4. ssh, cables 4.eS. mand s.77. cables s.7s. Italy. 4.sls4 and 4s2A. Belgium, 5.ss and 5ss1s Ger, q. So's s8a g9st 4c se!,s.a sa.aen s4e ss Denmark. 1s.es. switzerland, @ IS: IA; spain 1928. Greece. 1.1!. Poland, :oo2l: czech9' s11 : 10 70. Montreal. ss.
 STEEL MARKET
 NEW YORK, April 2s.-stesl prices un-
 CHICAGO STOCKS
 CHICAGO, April 2s.--Armour of Dea ware: a.: Armour , Leather, ss s,; Ss,, c0mmen ss swift it"S' O.. 1o5; swift 1nternstionai, is,s Union Carbide S24; United Light and and Htway .b s Ss Ysow us,sa eGn MoFs s Yellow Taxi. 95A.
 COFFEE MARKET NEW YORK, April 2s-The feature In the market for coffee futures today was price of May contracts covering by shorts who found nothing for sale below yesterday and sac, the low price for the week. Other months opened at an ad. vance of to 1a points on the strength of was reported in May after the initial buy. ing had been supplied and prices eased off liquidation. July reacted from g 54c to s.soc. and December from 8 s4c to s.12c, points point @ net lower. Sales were estimated at about 32.oo0 bages. Closing quota sion. May sss July ssptembeT s5s sDe '' coffee quiet Rio 7s. 1s Gl1lac: Santos As. 14h Gl5kc. No fresh offers were re- The official cables reported no change in Rio exchange on London or the dollar bnylng rate with decline of 25 to 225 changes in the months quoted the trade mhch mo @s ed at ss25. Brazilian port receipts, 1000; Jun diahy receipts. 1000.
 RICE MARKET
 NEw ORLEANS, April 2s.--c-o,gh rice firm; sales none; milers' receipts: 25S cts Blue Rose. o-16G4c; 300 pockets Edith. 7sc; 800 pockets screenings, 2c. receipts. 4,lso pockets. Bran and polish nominal.
 HORSES AND MULES
 EAS TST. LOUIS III, April 2s.-Horses and mules unchanged.
 RAW SILK
 NEW YORK. April 2s.-Raw silk firm. cracks 80 7o@9s5; Kansai best. No. l, s3.35@9.46 kansai No. filler. s9.SoQ s.!o shinshu No l. s25gs ss; Canton China steam filler, gold double deer. ss.75 69.s5.
 shipments 1,ose; stock 11s,52s. .AD%.nts kGsn F s sasi ssoe s Fess9ts euoss b wv. ss.4o@S.45. CHICAGO. April 2s.-Potatoes very duIl receipts l II cars; total United states .h,. eSs wsc0nsn s% bulk osna sacked sacked Red River ohios s5c asi' o5 ewt.; w.t.; Mirnesota sacked red and white. mixed mostly. sl cwt.: new stock weak. Florida No. !, $s66.5 50; No. g. s4d4.5o; Bliss Tri- umphs. No. l. $1o 5o@11; No. ?. s. 50@s
 BUTTER MARKET
 CHICAGO. April 2s.-Though supplies were probably more liberal and trading rather quiet on account of it being satur- day. the tone of the butter market here today steady to firm. The mar ket was firm at unchanged prices. with very little butter available.
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