The Birmingham age-herald., 1923-11-04
MOVE TO
 LEVELS
PRICES
 HIGHER

PRlCES MOVE TO HIGHER LEVELS
 NEW YORK, Nov 3,-Constructive < forces were again at work ip today s t stock market the most active half
 holiday session since last spring
 with the result that prices continued S Their move to higher ground after an r early period of irregularity..
 Floor traders and others who had Bought stocks for a turn following
 the unexpected declaration of an eX-
 tra dividend by the United States Steel corporation continued to take
 profits in the usual leaders, all of which opened at concessions. The Offerings were well absorbed and the general list again headed upward. United States Steel. Baldwin and EStudebalIer all reached new high #levels on the movement Steel closed Quarter higher at 93A, Baldwin Stouched 124 but reacted later to 123A Sup 7s and Studebal1er showed a net
 gain of 11a points at 101 +. Ameri- kcan WoOlen was another strong tea- tture, closing 1 % higher at "A. Stew Fsrt Warner advanced points on the 9Teported closing of q large contract.
 S>.e-~c --cre helped by the resump- mtion of dividends on lManatai, gains 9of one to two points being recorded aby all active issues United Fruit Bumped IA points. Some of the other
 strong spots included Western Union, fDaVison Chemical, Pacific Telephone, eRepublic Steel preferred, General
 Electric and Kelsey, Wheel, all of (which advanced two joints or more Rails were mixed, a drop of IS in fChespeake and Ohio be ing one of the
 outstanding developm ents in that group. There were few strong lapots notably New Orleans, Texas and Mexico. Southern Pacific, Wheel ing and Lake Erie preferred and sT.ackawanna all up a, point or more A Foreign exchanges were again gfeavy. Demand sterling duplicated Hts previous low of the year, 4 $4 and < German marks feu so low that most aany business in them. French francs ahcld relatively steady at 5.7612 cents. The weekly clearing house state 1Ynent showed an increase of $10,467,- eD00 in loans, discounts and invest rments and an increase of $34,444,O00 ,5n the demand deposits. Reserve or members banks in the federal re- sserve bank decreased S31, .000' swhile time deposits fell off S14.- #BS5, 0oo. Aggregate reserve totaled es8Sss51. 900. leaving a deficit in re- sserve of s1S,349,670 a decrease of sS35.34o,69o below the previous week.
 Total stock sales. 514,1oo shares. Twenty industrials averaged S9.sS, Enet gam .f2.
 < Twenty railroads aged 82.65,
 High 1928, so51; low Us5s.
 LIVE STOCK,
 < CINCINNATI, Ohio, Nov. s.-Hogs; Re sk,eipts 4000; slow steady to loc lower; heavy, s7.so; packers and oNtehers St-4' \ Cattle. s;stt Receipts. 25c slow and weak; scs shasr. sHes R.ceipts. 100; steady; larbs ateady. G s4@is.
 K& CHICAGO. Nov. s.-Hoss; Receipts. sHo Oo1; fairly active; better grades fully fully Hteady others steady to shade 0TeT Sepa Ss7.i0a7.50: desirable 1so to 1so pooun,dd avsrage s6s0 @IG5 packing bS1T s2Ts' bsftsg sfs t~eighty grades s6.5o@e; estimated hold oVef Cattle: I,ooO Receipts, 2OOo; uneven; better ssrsSes fed steers and hemers strong to sS5c higher: weighty matured steers slew; syearlings, S12.40: best matured steers, s$l225 many heavy short feds, $7 @ 9.5o; scanners and cutters strong; bulls weak to slbe lower, vealePs steaaS s4Ssrs to seas Sbeef cows and heifers s 60@ 7,50; west ern grass steers: s5.75 @6.76; stoekers and and ss96o@S.25; veaIers, s9.5OQ10.
 , sheep: Receipts. 1000; today few lev. Several decks better grades native held at s12.75@ @18: compared week ago. killing tcasses steady t9 25c lower feeding lambs lambs TSs Eat 'H lambs. 9BS Hsf72;S5@1as5; cui natives. efeedins GtHinsS lambs' :1a's6 @12.75.
 { LOUISVILLE, Ky, Nov. s..cattler: Re. seep1s $9o closPgs siq st.srs today HssHy ssf seeFS co%s 0ssf 'sSFS fesders so e 6 50; stockers s2.5o@e.
 Hogs oRseeipts, 2sO9,; steady to 1Sc ISS S5126 pounds down. s515@5.65; throwouts' < sheep, 9" " Receipts 100; steady; lambs,
 EAST ST. LOUIS, H., Nov. s.-Hogs; Receipts 5000: steady to 5c lower; good 900 900 pound luGid averages. s7i5@725; pigs 15c 2 fo 2oc lower, $e.2597; packer sows' S6.26 z Cattle: Receipts, 7oo compared with 1. fight vealers steady; western steers z canners and cutters 26c higher; grass : leifers and stocker steers 25c ioweg 2 1o, SO; western steers, sb@s.1o: light year 1ings, s6.5o@7.50; beef cows. $S5o 455;
 Sheep: Receipts: 5oO todays run en- stirely. on through billings: market norni- eiasses steady: bulk for week, si2@13 seplls mostly ss; yearlings, ss7..@ @1o65;. 5ight mutto9, ewes ss; heavies' s4' can 
 E KANSAS CITY, Noy. Seattle; Re 1ce pts, 2,500; calves. 800; for week, handy Sweight corn-fed steers and yearliugs 15c to 25c higher; short feds and grass fat sabopt 4edse" feds s7a5Ss5o GSg grassefs s4s5S $50; canners and cutters mostly 25c to sa5c lower; bulls 1oc to 15c lower; veals s25c to soc lower; medium to heavy weight Acalves. sa5o@6 good quality st9cker lower; bulk for the week s5@7.
 Hogs: Receipts. 2;o00; be to 1oc higher s4sutchers. ss.s5 597o5; no choice butchers sheep: Receipts 10000; for week kill &ng classes steady; westerns and fed lots, s1275@132o; best natives. s1S; other fed fed aambs mostly around s11'75.
 NEW YORK. Nov. a..=cattle; Recsipt.. 500; steady; .veals. s14@14.5o; culls and
 sheep and lambs, sio@i425; cui!s, s5.
 Hogs; Receipts. none: steady; light to i1.5o: heavy hogs, S7.25 @7.4O; roughs. .ss COFFEE FUTURES
 A NEW. YORK. Nov. s.-The market for snoffee futures was higher today owing to higher Brazilian cables, covering and
 4The demand was by means active .or general, but offerings were light, and sVe months sold IS points t" above we yester Mays closing figures, with December touching s.95c and March s.2oc.
 Last prices were within a point or two bf the top. with the market closing steady at net advances of IS to 14 points Sales were estimated at about 19,OoO bags De- .Iuly 7eic; September, 745c; October
 Spot coffee quiet but steady: Rio Is, Bic; Santos As. 14R @1bhc. No fresh os- Hers were reported in the cost and freight