The Birmingham age-herald., 1923-07-09
Q o O Pressure Is Lessened.


 Pressure Is Lessened.
 Accompanying these changes came a marked easing in the pressure of liquidation which had been apparent in the chief speculative markets. certain amount of selling, both by tired longs and traders on the short side, was apparent in the stock mar ket during the early part of the week, but the volume was not com parable to that of the week before and the tone grew steadier as the week closed It was generally con- sidered in the financial district that the necessity for liquidation had di- unfinished and that the bearish traders were less inclined to pursue their &C., tivitfes
 Similar conditions prevailed in the cotton market. Mondays government crop estimate reported a greater in crease in acreage than had been ex- pected, and. in addition, slightly higher condition and larger yield. There was a feeling that the 11,412,- GOO bales which the department of agriculture forecast may turn out to be somewhat in excess of the actual crop. Nevertheless cotton was sold rather freely on the report and gave ground readily. Before the week closed, however. a substantial recov- cry occurred. Wheat remained quiet, with the price of the July future fluctuating around S1.03. The trade is expecting today's government crop estimate to show total yield of about S35,000,0o0 bushels.
 Activity At High Rate.
 Reports from industrial districts show maintenance of high rate of activity. Pig iron production in June, while slightly smaller than the In ll- iTNgr Ia " F n F q q exceeded that in every other month, the small falling off being accounted for by such factors as weather con ditiOns, and one more blast furnace was active on July 1 than at the start of the previous month and early June shutdowns were limited, for the most part, to July 4. Steel products were stated to be passing into con sumption readily consumers showing no disposition to avoid deliveries. Prices remained firm and the trade looked for continuance of the present scale of operations.
 Railroad car 1oadings again added their testimony to the maintenance of industrial momentum. The rate has now exceeded 100000 cars week for five consecutive weeks, thus equaling the record made in the fall of 1920 and exceeding by a con siderable margin any performance a
 With regard to the resumption of buying for forward delivery, which is the question which has been occu- pying- the attentiYni of the markets for somet Time. 3nothing new -devel- oped It is still considered early, however, to forecast the trend of fall trade.
 The advance in the Bank of Eng land discount rate from 3 to per cent was not considered inimical to the domestic situation.
 SOME "DEAD" METAPHORS
 Mr A. Clutton- Brock has gone to the trouble of drawing up a list of dead metaphors" in a recent pub lished tract on Metaphor" Among those that slumber in his cemetery though their ghosts, alas. still haunt the printed page-are the following:
 The lap of luxury, Part and parcel, A sea of troubles, Passing through the furnace, Beyond the pale, The battle of life, The death warrant of, Parrot cries, The sex war, Tottering thrones, A trail of glory, Bulldog tenacity, Hats off to, The narrow way, A load of sorrow, charnel house.
 The proud prerogative, Smiling through your tears, A straight fight, A pro fit and loss account, The fires of martyrdom. 4he ~school of life, Branches of the same deadly upas tree, Turning a deaf ear to, The flow CT of -our manhood, Taking off the gloves, Written in letters of fire, Scanning the tide, Big with pos abilities, The end is in sight, A place iE the sun.
 A spark of manhood, To dry up the founts of pity, Hunger stalking through the land, A death grip, Round pegs Cor men) in square holes, The lamp of sacrifice, 4 The silver lining, Troubling the waters, and poisoning the wells, The promised land, Flowing with milk and honey, Winning all along the line.
 Casting in her lot with. The fruits of victory, Backs to the wall Bub- bling over with confidence, Bled white, The writing. .oa the wall, The sickle of death, A ring fence round, The crucIble of, Answering the call Grinding the faces of the poor, The scroll of fame.-Livlng age.