The Birmingham age-herald., 1923-09-09
] iSPECULATORS FOR
 DECLINE UNCOVER FEW WEAK SPOTS

 FEW WEAK SPOTS
 NEW YORK. Sept, Slowing to the absence of large number of traders, price changes in todays nstpck market were narrow. irregular and generally regarded as meaning less. Virtual settlement of the an- Sracite coal dispute failed to have any appreciable effect on speculative Sentiment, although a few of the eoal-carrying railroads enjoyed brief period of moderate strength. ,s Speeulators for the decline sue .ceeded in uncovering a few weak spots, Jones Brothers Tea being de- :" pressed more than points to AS, ss neW low for the year, but 1t snapped back nearly a point later. Losses of 4 a point or more also were recorded l. aby International Harvester, General Electric, American Tobacco and a anumber of other specialties, but the sin turnover in each case was small e Merchandising issues gave the most consistent exhibition of group tN strength, Woolworth rising 1 points E and National Cloak and Suit and Cluett Peabody each moved A Good ,s buying also was noted in the inde- pendent steels, Crucible closing a point higher and Republic %. Other .a strong spots were Reynolds Spring, Martin Parry Company, General Baking and American Linseed pre- ferred, up 1 to 2 points.
 'a Delaware & Hudson, Frisco pre- ferred and Wisconsin Central up l Ftof points were the strong features of the rail group.
 Further improvement in sterling sexrhange and a brisk rally in Japa- rfese yen were the features in for etgn exchange. Demand sterling ad- vanced % of cent to S4.53A and z Japanese yen lost 14 points to fs75 cents. French and Italian rates shovAed slight improvement, while German marks were unchanged at SL cents a million.
 The weekly clearing house state ment showed decreases of S1s,6so, 00e in loans, discounts and investments. $S.b71,000 in reserve of member banks in the Federal Reserve bank and s26.47S,0o0 in net demand de- posits. Cash in own vaults increased $4,056,00o, and there was an increase d of $2.97s.000 in time deposits. AggS- gate reserve totaled s4Ss, ,217 1000, leaving excess reserve of S4.332,S90, g decrease of $4,4o2,610 below that of week ago.
 Total stock sales. a7s.2oe shares.
 Twenty industrials averaged s2,ss; ~1 High. 1928. 1oSss; low. ss.s1.
 Twenty rails averaged SOLO; net
 High. 1928. so.ss; low. 7s.7s,
 ~ HIVE sTook
 soS NesNNAT SasTy ssR HSs psoh.Fs Fs''ats sns $, ,s5; stags, $500 z :76.
 .e. Cattle receipts. 16o; steady; calves soc
 sheep Tsoeipts, 1900; stsadyi lambs steady to strong.
 ,tea LOUISVILLE. Ky. Sept. s.--cattls re- SIS; beef steers. Ss 9s 25; heifers. s4 5O @ 50; cows, s2@6.50 feeders, ss@7.5oi
 Hog receipts, 800 Toe higher; 1e5 pounds ss Rdss gd SoTS 12o pounds down. '7 , sheep receipts. 800; steady; lambs, s11.5o q12; sheep SS@6.
 ADD LIVE STOCK. .......... ~ EAST ST. LOUIS. Sept. s.-Hogs; Re eeipts. 1o,ooo bulk desirable light hogs. Ss.25@ 9.35; top. $s35; 210 to 260 pounds, t$9Q9.25; pigs strong to higher; choice l30 pounds up, Ss.75; hulk packer sows, s715
 cattle: Receipts. 16o compared with week ago: Good native beef steers, grass beer steers soc lower; western steers, 25c to S5c lower fat light yearlings and bo- yNlogna bulls, steady to strong; canners lSc Higher; stocker and feeder steers about steady; tops for week; ature steers, s11.76, ' Tor week: Western steers s6-bo@s ' nght yearlings. ss.75@10; beef cows. ss.76 @4; canners ,s2.15@2S5; bologna bulls sheep: Receipts. 300; market for week: d6pbs a~d Sp abs sss'D si to S1s M.cs good; G;' culi lambs, s7.55; good light muttan ewes around S6; heavies. $3.5o@4. Al KANSAS CITY. Mo- Sept. s.--cattls re- ter grades beef steers and yearlings, 100 25c lower; other fed steers. 25 70 4oc lower; Iess Sp so wfsnt fed western ssssr better wvrades she stock and canners and cutters $ycaFves 25 e soc iower heavies and me ? ter quality stockers, l5 8 zoe lower.
 Hog receipts; 1900; steady iy,, to strong % IT'D to s7o pound averages to packers. S;50 = s 7oc: top, SEQ; bulk .s Of toss sslss sS.4O@ .snSsD ss SesR5s sse Eeaer; ws;terns siszs , -sfa so closing top. s1s; sheep around si lower; Texas western steers, s7 bo; native ecksr shsys sweI gsty a55Rs ana TsHas feeding lambs. s12@12eo
 CHICAGO. Sept s.--csttis receipts, repo. compared with a week * sgo ons nstiys
 sttss osy a1S fst of sa' on 3S9Ren grades; beef steers and beef heifers ,5s Iower; isSo' plain offerings showing most dfeline; canners and cutters. lo925c low, Fed beef steers SS.7bW1O .Sbi westerns, sT.5o@S.25; butcher cows and heifers $425@8. 50: canners and cutters s2. 5o@3: ~ Vealers. slo.75 @11.75; stockers and feed
 Sheep: For week direct negligible; west ern runs. 2s5 doubles. Compared with week. ago lambs and lambs and feeding sheep about steady; fat sheep, 75c @s1 low CT. top fat western lambs, SIS 40; feed ing lambs, SIS. SO; few natives $1s; prac ticai top SIP 90 culls largely ss@9. 80; bulk prices follow: Fat western lambs, SIS m13. 25; natives, S12.25@12. 75; fat ewes, s5@7 feeding lambs, SIS 5@13 60; feed Ing ewes, $6@6.
 'sstrong to 1oc higher; bulk good and choice 7,so to 2s0 pound averages, Se 904s 10; top $9.15; desirable 240 to 300 pound slbutchers largely $s. 55@8.S5; packing sows mostly $7. or. 60: few desirable strong weight pigs. s7.75@ .25; estimated hold rover SS; part not offered for sale: heavy .waight hogs ss 10QS. 90; medium $s. 100 s,15; light, S8. 05 @9.15; light light, s7.80Q e05; packing sows smooth, S7 30 gT. 10, packing sows rough, $6 90Q7 S5; slaugh- ter pigs, s6.75@S.26.
 NEW YORK, Sept. s.-cattls steady with no receipts Steers 65 @ III 26c; state bulls, sS@4;bc; cows si25@4 80; calves steady; receipts. 100; yeals. $l5. 60@ 16; culs and little calves, s79s; butter ...-1nilks. $5@6.
 Sheep and Ismbs steady; receipts, i;2oS; Hogs steady; receipts. 20; medium to Iightweights. $5.66@5.7b; pigs go 400