The Birmingham age-herald., 1923-07-01
BULK OF SELLING
 IS PROFESSIONAL: INTEREST LACKING,

S4N EhLCx LALA1NU' NEW YORK. June 3O-Prices of large number of standard industrial rand railroad stocks dropped to new Jewels for the year in today's brief S0ut active session of the stock mar Nket.
 z There was nothing new in the RdaY's news to account for the heavy selling. the bulk of which again or Siginated from professional sources. Except for some liquidation by tired nnd discouraged holders of Ions Btock, there was a marked absence fot public interest in the days trad sing.
 y One of the most interesting devel- Eopments of the day was the es- Establishment of new low record by Limited States Steel common at 9SSs. Several previous attempts had been made to break steel through 90 but without success, until today The sbtock rallied later to 90A, where .Good support has bcen of.ere don all spravious occasions.
 Several rail shares also established sInS nlininlum prices including Pom nsylvania, LehiSh Valley, New -->EaYen and Ann Ar6or preferred. Canadian Pacific hroto more than { points to J42A and Southern Pacific, Baltimore and Ohio, Chesapeake and Ohio, St. Foul. common and prefer red and Union Pacific registered not
 
 There were lew bright spots in the list. Steel end Tube preferred ad- HaEced on points to new top in N&nticl2ation of the stock being re- erred soon Gs 110 and accrued d:Yid- ends Gains of or to two points were {reslstercd by United Fruit, American Beot Sugar Virginia Carolina Chem tcal preferred ard a lev o;hers.
 Foreign exchanges were Irregular. Demand ster.ng aGranced nearly a cent to S4.5I 1l-l6 but French francs dropped +14 points 10 G.03l2c and ltlaian lire dropped U. 10 4.@S lzc. German marks touched new lew at Ths week. yclearinS house state- 1 nient showed increase of $l14,010,00G But loans. discounts and investments rv>$t, t,5l7,000 in cash n own vaults; $l3,- l25,oc0 iil tine reserve O. mcmGor banks in the federal reserve bank and ,sG5,+54,oGO ir net demand de Dosits. Tine deposits decreased by s463,000. Aggregate reserve totaled S524,605.000, leaving excess reserve Of S12,395,l2e. ar increase ut S4,S46, ITO over weei, aGo.
 Days total sales 396.1000 shares.
 Twenty lndustrials averaged SzS5. net loss .55. l.
 Twenty railroads averaged 76S5. net loss 1.12.
 High 1928, 9o-CS low 1885
 LIVE STOCK
 KANSAS CITY. June So.-Csttle: Re oeipts 600 Calves: Receipts. 100 flor week: Beef steers and yearlings 25o to s1 lower; mostly Soc to 76c lower, to 311; better grades she stock mostly 25c to lower close sa lower; nsoenrs steady: cutters mostly 7sc lower; bulls steady to 76c lower; calves averaged $1 lower: stockers and feeders " wtly weak to S5o lower; plain kind 4oe
 h unevenly lower; stock calves mostly
 mltoss: Receipts. 1.4oO; mostly Sc to 1oe ler to packers; top. s6.so: bulk 175 to
 in pound averages. S6.G5 Q6.S0; bulk of boss. 's6S@6so; packing sows, '5,75 Gineep: Receipts 800; for week. Lambs reI!dy to 25c lower; top natives s15.25 y 0sssf sEAdss shs.p 5oc te 5e hgRer is
 Has wethers. s7.25Qs; native breeding lh'es largely ss.5o97.25.
 FEAST ST. LOUIS. June 8o.-csttle: Re rlpts, 800; compared with week ago na-
 scc lower; light yeariings 5oc to 76c ter-sr; COWS 5oc lower: canners and bulls aeady; light ysaers and 'tooser steers ibnd heifers, s1e.a5; bulk for week native yrsearlinEs. ss,26@lo; cows; '.;50 95:5s; A saners. ;1.75@ bologna bulls, s45o @ 5.26
 HsFs asy s % fa5y byb.T scss z low little chsnBe: top. s7y2o: bulk good isht hogs :5log7l5 ,f .o msdium 1n n,S weight packer sows steady: bulk good 12o to 1So s pound pigs. N.6oo6.76; packer sows'
 Sheep: Receipts; 600; today. trade nominal: one load native lambs, s146o; for week: Lambs steady to 26c lover; bulk good native, s1475d1s; culls, sS to yearllnss, s12.5o; wethers '7; fat ewes, s5.6o.
 LOUISVILLE, Ky. June so.-cattle: sss se.t f0G ste.rs se'' s5Ss IS hefsTs @ cows .2s7: feeders, s6@7as; stockers Hogs Hogs: Receipts, 1900; steady; 1s5 pounds up, ,7.25; 12o to 1e5 pounds, q; pigs 12 pounds down. s6.25; throwouts, ''SS s?"q :afs sooe; s?'s s.ey lems. :5sSi''''' :5se. lighter ''''' 'i'O''' '"''''
 CINCINNATI, June ao.-Hoxs; Re ceipts, $500; steady; heavy fat sows'
 Cattle; Receipts ss5; slow and steady;
 sheep: Receipts 7.eoo strong. Lambs good: steady; common. dull.
 NEW YORK. June so..castl.: Receipts: steady; yssls; :s@ls'5o; ouis, '; Virginia @17; culls, s9@1o.
 Hess: Fsss,pss 2olo; ss,aqy; s.;vH nsSinm Snns s7.7sSs'; roushs, s5.5oss.
 -cHIcAGo June sO,-cattle: Receipts, ] ooo. market for week. most killing lNciasses unevenly 25c to s1 lower: lower grades yearlngs showing maxium decline; many grass fat cows soc to 75c off; least decline reflected by strictly choice long fed matured steers bulls largely 25c higher; veal calves 25c to 50c up; stockers and feeders 25c to soc lower; spots more on plain light stockers; extreme top matured steers, s11.4o: part load long yearlings. s11; few youngsters above steers and yearlings. ss.so a 1925; stockers and feeders S6@7.50; beef cows and heifers. s5.25 8s.25 canners and cutters, $2.25@s.6o; veal calves. 39@s.75.
 Sheep: Receipts. 1000; practically all direct; market for week: Direct. around 40 DOT cent; compared week ago: Good and choice lambs 25c to soc higher: lower grades and culls steady; sheep steady; closing top native lambs. S15.75; bulk de- sirabls killers. s15@15.6o; culls. ss.5o9s; bulk medium and handy weight ewes most ly s5@e5o: top. s7 extreme heavies. | Hogs: Receipts. 5000; fairly active; better kind 1oc to 15c higher: others strons to 1oc higher; bulk good and choice A 1so to 300 pound averages, s7.o6@7.2o; \top. $7.s5; packing sows mostly around ks6.25; strong weight pigs up to s676; Estimated holdover. 5000; heavy weight Etogs t6.S667.15; medium 36.75@725: light. $s.s697.2o: light lights, Ss.60G97.10: packing sows. smooth S61640; packing eows. rough. s6.soG 6.1o; Killing pigs, s6 ' Ts '