The Birmingham age-herald., 1923-01-14
BULLS HOLD WHIP HAND IN STOCK MARKET TRADING
By AssocIated Press

x NEW YORK, Jan. 13.-Bulls were in control of today's stock market, chief interest again being centered in special shares. < The European situation was virtu- ' ally disregarded, although postpone ment of the German separations pay ment and the prospect O. an interna- tionaI conference on economic proh- lebs had a cheerful effect on senti- ment. Buying power was concen trated chiefly on shares of corpora tions which have reported good earn ings. and in which there are strong possibilities of early dividend action.
 Announcement of an. increase of 10c 8 barrel in Mid Continental crude barrel, came too late to have much a barrel, came too iate t ohave much effect on the market, although most of the popular shoes closed at high CT levels. Cosden established an other new top Ut 56 <, closing at 561s for slight net gain. Pan-American A and B and Houston each advanced point or more, but California Pe- troleum yielded point on profit taking. Skelly Oil was quite ac tive, selling at 12. new high, for net gain of nearly a point.
 Some Changes
 United States Steel American and Baldwin Locomotive, Studebaker, An aconda and American SmeIting showed only fractional changes An other increase in lead found reflec- tion in point gain in National Lead.
 Postum Cereal was again one of the most active specialties, touching 129A, but slipping back to 12s, where 1t was up 615 points on the day. MooaxF c. Tn 90 points.
 Other high spots were American Linseed common and preferred, h. ternational Packer, Chicago Pneu- matic Tool, Coca Cola, Cluett-Pea- body. Goodrich preferred, Sloss- Shelf field Steel and Texas Gulf Sulphur, all up to 4 points. Marine common and preferred were under pressure, falling 1% and 2s points respectively to their lowest records in more than a year.
 Rail Shares
 Anthracite carrying railroad shares were bid up, Delaware and Hudson rising points and Lackawanna Ih, but the other rails were irregular.
 Foreign exchange went lower on a comparatively small volume of business. Demand sterling was around $4.67A and French francs again got below 7c. Polish and Hun garian exchange dropped to new low levels.
 Days total sales, 572,oOo shares.
 Twenty industrials averaged 99 09; net gain, 46. High 1922, 1o3 .4s; low, 1859.
 Twenty railroads averaged s5.2s: net gain, 20. High 1922, ss.9s; low. 7S.43.
 
 LIVE STOCK
 CHICAGO. Jan. 13.--Cattle: Receipts, 1,500 Compared week ago beef steers yearlings. stoekers and feeders s6c to Boo higher; most 40c up. Extreme top ma si75 beef cows a5o es up :0ps be.f fgehSfnE Seifess soc. to 75e higher: canners, cutters and CT. Weeks bulk prices. beef steers, Ss250 1925; stockers and feeders ss.60@7.25; beef cows and heifers.- s4,75@7.l5; can, ftd fners a and cutters, s2.so@s.65 veal calves. sheep: Receipts. 5000. Compared week ago. bulk wooded lambs steady to shade sheep, .25c to soc lower; feeders. strong to loc higher, Weeks extreme top. fat top. s15 to packers bulk desirable wooded kind, sf45 Q 14.9o: clipped lambs. s1225 @etheSs s2s SeaSy fat fsa s5rng weeks top. feeding lambs s1fsS. EAST ST LOUIS, H.. Jan. ls.-cat- tles Receipts. 500. Compared with week n5gS beef f,. steers ss soc higher; light year cows steady; .canners. Dc to loo higher; light vealers. 25c to soc higher bulk for ssf ssss' ssSsss oanns4. ;ssS ;ssS 2.75; bulls. s4.oO94.75.
 Hogs: Receipts; $500: 15c to s5c lower; top, Ss.s0 paid for sorted shippers; bulk mixed 14o to 1so,pound. ss.7o@S.75; few 19o to 200 pound butchers. ss.so@s7o; pounds and up. sss5@s5o. s5c lower; bulk fi0 to 1s0- -ponnders, ssoo9s25: lighter kinds. down to s7; packer sows' Sheep: Receipts. none. Compared with week ago fat lambs. 26c higher; yearIings steady to 25c higher: fat ewes unchanged; Mssbta ssa top lsmSs Ss, sS 1aS choice ssRdg wethers, ,lss5 is.oo: age" aged Wethers' sstfens sss5; fat handy weight ewes. s7oo@
 FOREIGN EXCHANGE chsng NEW ..li YORK oJa,., Jan; lsE,ForeIsn sx. so.dsy eis oa banks tsj9c caGlss Fssnes. ssa ds ss4s. Belgium s.ss si'o and @ s:ssa. s's GeTl sna many .oos5 and .ooss. Holland. ss.so and pesmarF IsSg lssS sweseH snsS sss cseehosovsia. sss 2ss s Arssntin. Stna Soss s9ss Brazil. ll.h2. Montreal, ssA.
 COFFEE
 NEW YORK. Jan ls.-rhere was fur owing to continued covering by near month shorts and a moderate demand for be partly forced Wall street account. All months made new high ground with about @ m Joints as aaa sy at on sSs il,, rssi,sips hGweyss, ,s , and the so.s .ss prices showing net advances of 3 to points Sales were estimated at 2s.25o aemSsr oe ass 1a,s ssso '7S0; September '''oc; De- Spot coffee firm; Rio Is. s1xc; Santos included santos ss and 5s part Bourbon at 14,25@14soc and Rio Is at 1o.9oQifc, Cables from Brazil showed no change in RIO exchange rates with the Rio market to ss sfSeT a and ss6o with an advance of one-sixteenth pence Isntures market IFS to 23o reis higher. Brazilian port receipts. s5.ooo; Jundiahy 21,ooo. Rio cleared s.2oo for New York.
 CoTToNsEED OIL
 NEW YORK, Jan. 13.-Cottonsesd oil started easy in response to lower lard and grain. but later steadied. prompted by the strength displayed in cotton and light crude offerings. Closing bids were I point flower to net higher. Sales of l. 300 bar reis. Prime crude. 9.s21ac. nominal; prime summer yellow. spot, 1o.7oc, bid; Janu- ary, 1o.7oc: March, 1o.s5o; May, 11.2oc, all bid.
 LONDON MONEY
 LONDON. Jan. 1s.--Bar silver S1Md per ounce. Money. 1h per cent. Discount rates. Short bills. h@2x per cent; three months bills. b-16 per cent.
 
 WE OWN