The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-01-28
MOVEMENT IN THE
EXCHANGE LIST
WAS DOWNWARD
BY An.ocinted Pres.


few important price movements in
today's brief and irregular session
of the stock market. Interest CEN
tered mainly on the weakness of
foreign exchange, including the
further collapse of the German mark
and the establishment of more new
low records by some OF the French
governmental bonds.
Principal activity in the stock mar
ket took place in shares whose flucu-
tations ordinarily have little or no
influence on the general trend. These
included United States Hoffman Ma
ehinery, up points, and Spicer
80 Manufacturing, Invincible Oil and
- Parish and Bingham corporation, all
up one to nearly 2 points. buying
~ of these issues being based largely
'ia on reports of large current earn
dngs.
b. & o. Active
Baltimore and Ohio was active at
the close on publication of the De-
cember net earnings report which
showed an increase in net operating
income of $3,4S5,000 over the same
month of 1921. The stock touched
461z, new high record, and closed
at ASS, a net gain of u. st. Paul
. preferred gained nearly a point and
Lackawanna liz; changes in the
other rails were largely fractional.
4 United States Steel, Baldwin and
Studebaker moved within very mar
r. row limits. Some of the foreign oils
! notably General Asphalt and Royal
q, Dutch were under pressure, Marine
> preferred dropped to 49, it's lowest
- price since 1921 Other conspicuous
~ weak spots included Hendee Manu-
featuring, Republic Steel preferred.
and Maxwell Motors A. all off one to
2i2 points
top at 211, up "a, buying being in
flueneed by the exceptionally good
+ earnings.
ExchDnge Lower
Foreign exchanges opened lower in
response to the weakness exhibited
in the London market. Demand ster-
4 Ling, which was quoted slightly above
4 sS4.641a was approximately Ia cents
- below its final quotation last week
I While French francs were only II
above their extreme low of
Hast year, which was 6.17 cents. Ger
- man marks sustained an overnight
~ depreciation of nearly II per cent,
being quoted at .0035 cents, or more
than $500 to the American dollar.
Days total sales 34S,000 shares.
Twenty industrials averaged $500
net loss .15. High 1922, 1os.43; low
1859
Twenty railroads averaged s6.47;
net gain .o4. High 1922, 1898; dow
7a.4s.
sn7rHr ,yE srocu
ts.rgAsT ST: LOUIS. m Jan 27-cattle:
- RsGeipts, 400 COMPARED with With. week ago:
: steers and heifers. soc to 75c lower; beef
---cows 25c to soc lower; Gamers, bulls
3 eEss $3.50 higher. Weeks ton: steers.
4 sdo25 buks for week steers Is IS s7' % ~
nersa s2.5oQ2.75: bologna bulls, s4269
Hogs: Receipts. 5000; 1oc higher: top.
1856. bulk 1870 to $50 pounds. sS.50@S.6O.
100 to 22o pounds. $3.50 $3.50; $50 pounds
and up, ss.05Qs.26; bulk desirable pigs,
s7.75@s.25; bulk packer sows. 81; few
sheep: receipts. 800. Compared with
week ago: Fat yearlings and aged weth-
ers Csc higher; other classes steady
yeariings, $3.50; aged wethers,. So; fat
ewes s775; bulk fat lambs for week
fat ewes. s7.25 @7.5O.
CHICAGO; jan. 27.-Hogs: Receipts,
5000; light hogs. los TO on &c higher butch e
ss5 top. $3.50: bulk $50 10 sOO1pound
butchers, s7.96 q 500; weighty packing
81 sass az 5os Psi so S. ns se
s.s5; lights, s.s5@s.5S; light lights $3.50
s.50 packing sows, smooth, $500 @7.30;
rough. s6.75Q7.o0; killing pigs. $7.75Q
Cattle: Receipts 500, Compared with
week ago: Beef steers bulls. stockers and
feeders steady; butcher she stock. 26c up
40c higher; Gamers and cutters, steady
TO strong: veal calves 25c to soc higher;
extreme top matured steers steers; SLIGO; best
and feeders. $3.50 Q 5;7s; butcher ns she
- sheep o;oI receipts ZOO compaqed With
weak Weak Clipped kind, ioc to i5c lover; fed
yearling wethers, 25c lower; sheep. steady;
higher; weeks extreme fat lamb top,
sib5o; closing top SIS to packers q, sT elos.
heavy fat - eyes s55oG $50 q lighter
i iS.as. iS aA1 -''''' '-''''~
KANSAS CITY. Jan. 27.-Cattie: Re
ceipts. 800. For week; Bulls and fat she
s s. higher: ' better ' grades stockers ~ and
x feeders, steady to 15c higher; other
s s..s . wssh t. Top e: s..E :s other
dogs Receipt hn, 4Sse SOC to Zoe hEhsS
fS SSs sood and S ehoee rs
e tof2sO- pound butchers. ss.10@s.15; mixed.
Z s7sso@s sos; packing sows &c to Toe high
Sheep: Receipts 1900. For week: Kill
S ns sst Fer hshf sSe
$3.50 @i4.26; light ewes largely $500
7.75; top. $3.50.
COFFEE
NEW YORK, Jan. 27.-The market for
4 coffee futures lost part of its recent adj
I, vances today. The opening was compare.
r. lively steady, but the market weakened
later on free offerings of March through
,r brokers who were supposed to be operating
NJ fore recent active buyers. March broke
4. sorbed 10 points lower. with other
I, months showing net declines of 10 to Y
!. points. Sales were estimated at $4,000
y. bags. March. 10.s7c: May, 1o.41c; July.
Y Spot coffee quiet; Rio rs. 12s @12Ac:
Santos As. 15ss q Ice. Cost and freight
offers reported in scanty supply.
They included Santos Ss and 5s part
s Bourbon at l5@16hc, and old crop Rios
Z Is 11.30c, American credits.
Official cables reported advance of
go reis in the dollar buying rate and after
closing 200 TO 275 reis higher yesterday.
Rio showed a reaction OF 10 to 1875 reis
this morning. Santos rs to $50 reis
4 Jundiahy receipts. 21,0oo. Santos cleared
27.30o for New York and $4,000 for New
n Orleans. 1t is reported that an European
y, authority estimates the coming Brazilian
IN FOREIGN EXCHANGE
" NEW YORK JAN 27.-Foreign ex-
changes easy Quotations in cents: Great
z Britain. demand. s46i b-16: cables
!, s4s4 9-16: 60-day bills on banks. 1852 5-ts.
~ at and 4.77ls Belgium, 5.65h and sec;
- Germany. .oo35 and .oo36 Holland. 1916
a and 1850; Norway, 1870: Sweden 1870;
Denmark. 1890; Switzerland, 1856; Spain.
1850. Greece, 1.25; Poland, .o034; Czecho-
siovakia. 2.Ss; Argentine, 3712: Brazil.
1850; Montreal, %.
n New Is.ues: