The Birmingham age-herald., 1923-07-25
MARKET LEADERS SHOW LESS CHEER AT FOREIGN NEWS.

NEW YORK, July Z4.-Lack of buy ing in the early hours tolay en- couraged short selling in wide as sortment of stocks and gave the mar ket a distinctly heavy tone.
 Professional traders seemed less cheerful over progress toward settle- ment of European problems and in clined to be pessLmistic over pros poets for improved earnings by west ern railroads.
 The result was recessions of from | to nearly points over large DOT tion of the list. Great Northern pre- terred dropped to 61 Is, new low record for the year and closed 119 points lower on the day at 62. Chi cago. Milwaukee and St. Paul pre- ferred closed 21s points lower and more than a dozen rail stocks were off a point or more.
 Steel and equipments came in for a large share of the selling. Baldwin dropping Is, Cruici6le 1-S and sthe preferred ?, Bethlehem ?, United States Steel 1a and American Loco 25z points off on the day.
 The Pan Americans led the decline in oils, the A stock falling off 25s and the B ? Is. Associated oil moved points lower and California. Petro- leum 14. Losses among d miscel laneous list of industrials and spe- cialties included Stomberg Carbure- tor. Is, Central Leather preferred 1a and Dupont A. Declines of 1 to PA points were recorded by American Can, Consolidated Cigan American Woolen, Stude baker, Stew art Warner, American Smelling, Burns Brothers A and Cuyamel Fruit.
 Call money ruled at "A per cent. The time money market was quiet with brokers bidding freely at 5 per cent and tenders holding out for 5A. Commercial paper was scarce with prime names worth per cent and others slightly higher.
 German marks sank to $2.15 for one million. Demand sterling was un- changed at $4.5s 7-16 and French francs essed slightly to S5.93 cents. Other rates wer erelatively steady. Financial.
 Total stock sales 461. .00o shares.
 Twenty industrials averaged 90.1s; net loss 1.42.
 High 1923, 1o53s;. low S7.64.
 Twenty railroads. averaged 7s.45;
 High 1923. so.sS; low 7s.85.
 KANSAS CITY. Mo July 24.-catxle TO ceipts 12.sOo; calf receipts, 5000. Better grade beef steers ac5iye, strong to 25o to strong; top weighty steers $11 35; best yearlings .S10 50; fed western steers. SS @ 9 50: better grade cows and canners steady to shade higher; in-between grades she stock slow; bulk bologna bulls. s4 ,5oq5; vealers, s9; desirable stock. in between grades she stock. slow; bulls steady; bulk 25c higher; best light vealers, ss; desirabls stockers and feeders steady to strong bulk feeders. S8 60g 7-75. 1Oc lower to shippers; top, s7,6o; bulk of sales, $7 3o@7.55; bulk of desirable 1sO CTS bidding steady; packing cows strong to 19e higher; ps;I, 79m1 huk1 S.1oSS'26' pigs
 sheep receipts 5000; lambs generally steady; small lots Is natives 1s d $l2' ether fed clip lambs. s1O. 50; practically no sheep offered
 LOUISVILLE. Ky. July 24.-ca1tle re- ceipts zoo; slow; weak; heavy steers. $s@ 9. beef steers, S6Gs 50; heifers; $6qs;26; cows, $2@7; feeders, se CT; stockers, sS5o Hog g receipts. 10000; 1s5 pounds up, pounds down. $6.16; throw-outs s6- 75 Sheep receipts, 1900; steady; lambs. SIP @13; sheep. s2. 50 Q 6O
 { CINCINNATI, O.. July sA.Hos re- and butchers, sS; medium ss; stass. S4S
 Cattle receipts 400; slow and weak;
 sheep receipts. 2.OOo: strong; lambs steady.
 CHICAGO. July 24.-Cattle receipts. Ill., steady; top rnatured steers, sl1.s in- cutters steady; vealers 2696Oo higher; bulk to packers, s1O 50Ql1; to outsiders; feeders. loo 25c lower; bulk beef steers ssys so sSk ..Is S ssR fssSs Texas gressers. $5 50, according to quality and condition.
 strong; few good light, ss@s1o; latter to traders; later trade dull, uneven. mostly age. S7 s6 @S bulk weishty butchers. s7;2t @7. 75; packing sows mostly ss .1o@6 70;
 Sheep receipts. 1s,ooO; fat lambs, 25g eSoos eGe pe'' tos to cg butchers. sIs,s5; bulk natives. .l2@.. packers top SIS; oSlis mostly nestS, sS@s;59; weight ewes to killers. *59s.6o; heavy. s. 50 o@4.25; lightwe!ght upward to H; feeder lambs. Sl1 .7e Q13.
 NEW YORK. July s4.-cattle receipts, regular, Common to choice veais, ss@ 15: southern calves and veals. s6@1l; sheep sheep. 'aa 5o@s e eS5 ;sSs; lambs ssS 13.2 25: culls, ST.
 wdss HGs :s'S Dig. hsss{ sas he.1R R'ss% SUs $s Qs.4o; roughs, $6@625.
 EAST ST. LOUIS. H.. July 24.-Cattie receipts, $500; native beef steers strong to 25c higher; western steers, 25 Q soc low CT; fat light yearlings. II 25c higher. Good beef cows strong; bologna bulls steady to strong; spots higher; canners steady: light yealers. 76c@ higher at S1o. 25 31o 50; bulk native steers, ss.75G 10, 50; western steers, s4 s5Q6.1o; year linss ss R i76%SiT26' T eOws; w6a7 $4.SoS66o; can
 Hog receipts, 41,ooO; market dull; few '~ early sales to butchers: strong to 6c high CT at $s.o5 9s 10; generally 1Oc lower than the preceding days average; bulls, 16O to 900 averages, s7 so97.95 210 to 240 pound averages S7 7.s0@7 90; 25o to 325 pound averages, butchers, s2. 5o@T .76; few closing sales t5@25c lower; closing top s7.S5: pigs mostly 25c lower; bulk 11o to 1s0 averages. $797. 5o packing sows opened steady. closed 10 o@15c lower; bulk. S6.s5@6.
 sheep receipts, 5000; market slow. steady; top lambs. s12.6o; bulk. s129 12.5o; culls mostly S7 fat light ewes s5.6o; heavy, sS 50.
 DRY GOODS MARKET
 NEW YORK, July 24.-Cotton goods sold more freely in todays markets on B basis of SIC for 3si inch 64x60s, the lowest price of the year. New lines of ginghams were opened for inspection. but no new prices were named. Yarns sold at low prices in moderate way. Raw silk showed little change for the day. Bur aps were lower, touching the lowest prices of the year. Business on wool goods opened yesterday and has been light.