The Birmingham age-herald., 1923-02-04
SPECULATORS FOR ADVANCE RAISE PRICE OF STOCKS

advance succeeded in materially raising prices in today's brief but ac- tive session of the stock mark ct Prices were bid up vigorously in re- flection of further constructive de- velopments in the domestic situation, whcih included additional increases in sugar and Pennsylvania crude oil prnces and the optimistic nature of the weekly mercantile and trade re- views.
 The demand embraced a wide list. but was most effective in the oils, rails steels, equipments and a few specialties in which pools have re- stunned operations. There was a marked absence of bear pressure and the realizing sales that poured into the market were comparatively cas- fly absorbed Twenty standard rail- road shares closed today at their highest average this year, and the average of 20 standard industrials was only slightly below the years high mark.
 Sinclair oil
 Sinclair Oil, trading in which has been comparatively light and usually within narrow limits, developed sudden burst of activity, more than a0,000 shares changing hands, the closing price representing a net gain of 1 ss points. Gains of l to 21z points also were scored by Cali lornia Petroleum Royal Dutch. Standard Oil of California, Pan American A and B, General Asphalt and Houston. Phillips Petroleum welded slightly to profit-taking. Sugars all sold around their best prices of the year, but the net gains were relatively small
 Railroad shares again were in good demand, gains of a point or more were recorded by Southern Railway, sCanadian Pacific, Baltimore and Ohio, Pere Marquette and Frisco common and preferred. Motor shares also made marked progress, although the volume of trading was relatively small Studebaker was pushed up to il6s4 for net gain of 1z and Chan uer advanced one point to 65s4. Ac- eessory stocks climbed in sympathy. hisher Body adding 4 points to it's recent advance, Stewart Warner 2 and Stromburg Carburetor 2&.
 Strong Spots
 some efsthe other individual strong spots w,ys. American Ice, United Retail &-res, Iron Products and General American Tank Car, all m ; to 312 points.
 forelgn exchanges were firm in reflection of the more favorable de- Velopments in the Ruhr. Demand sterling sold above s4 67 and French irancs advanced 31 points to 6.45c. derman marks were quoted at .002S5c hundred as against tbeir recent low of .0O20c.
 Days total sales. 634,50o shares.
 Twenty industrials averaged s9.s3: net gain, .63. High 1923, 99.42: low 96 96. to"'
 Twenty railroads averaged SRA. net gain, III. High, 1923, SEA-; low. S4.52. -'"'
 LIVE STOCK
 EAST ST. LOUIS. Feb. a,-cattI.. n. eeiptss 300. Compared with week ago. Beef. Beef steers. light .yearling steers and canners. 1oc to 16c higher; bulls isc ts zSc lower. Top steers for week, Sio: bulks for for week ss oo steers. s725@s.75; light yeari- ners. s26o92.75; bulls. s426S4.Y5. .. Hogs: Receipts, 5,5Oo; uneveniy iOc to S Soc nigher; medium weight and heavy bulk 5sd 1so to ,lso-lb; averages, ss.5o 9s.sS; sS lse psonds 5s .sa 22o7l6 lib wyeights ss6 pigs s775@s25 packer Gslk sow, deslTs s7.oo@715; few. s7.25. tiosuS :, sheep: Receipts, 25o; practically steady higher; top lambs for week sis5s Sof sof eve top. s7,75; bulks for week, f'H fat ismbs tst s14SsSSltaS s14SSSlsaS fs, clipped s1275 feeders fat wool wethers ssS5 efipped dzs9 g12,so 20 handy weight ewes, 7.50@7.75. heavies sb:oo @ 500; cull and common ewes, S2,5oG : 6oa: CHICAGO, AGO, Feb: .s.-Hogs: Receipts 7oisS. wo1o; <, holdoyer. lei 1s5o5; closed active butchers. Toe to 2oc higher; bulk iisht hnn h,,9i, nght butchers, 1oc to zoe higher ton 6uIk ISe to 2oo-ib; averages. sS.4o@s.5o ss.l5gs.so; bulk 25o to So0-lb. butchers. S.Oo & sieS weighty packing sows around s7;76qs:oo; estimated hoIdover. 3,0oo. bulk of sales s7sO@s.40: top. sS.s0: sfaSSs ssssyy weisht td 1tvb. hogs s7s5@sOs medium 9Si4o; packing sows. rough. s6.75@70O; killing rnts,. pigs s7,75@s.25.
 ago: Beef steers and better grade of she shock. largely 25c lower; desirable ught heifers off more in spots extra top beef seeers slli part load yearlings S1O7b. common and medium grades fat she stock eanners and cutters, about steady; bologna oed o9lis SSe o to soc lower; best light vealers, --ec 10 sec off; lower grades light kind roc to sl off stockers and feeders weak to , aoc oy;a lower; plain light stoekers showing ,teers. ss.00Q Q9.60: beef COWS and heifers s4.60 0Qb.60; canners and cutters s30O@ s,,Si a , veal calves. s1o.oo@11.25; stockers f.t u.
 Sheep; Receipts, 4.50O: mostly direct Compared week ago: Eat wooded lambs Ted yearling wethers and fat sheep strong 10 26c higher; shorn lambs, steady; feed. Ing and shearing lambs. 25c higher weeks extreme top: Fat lambs. sir. .25 ssid ffiday l,,ay,y by shippers; packer top. sl4.oo v lo,lO; clipped kind. s12.o0Q12 iaii shorn up to s1s:. choice 95-1b fat generally s5.50 e !. 50: light weights ,,n to ss, paid for one load choice 1i4-ib ewes' Weeks extreme top feeding and shearing
 KANSAS CITY, Mo. Feb. s.-cattie: Meceipts 5,6o0. For week; Beef steers yearlings, ss.65 she stock and stockers and feeders l6c to 60c lower: canners, steady; cutters; 15c to 25c lower; buiks averaging 26c lower; best calves. steady: others and stock calves steady to soc tower; stock cows and helfers, mostly
 Hogs: Receipts, ooO steady to Dc low CT: shipper top. ss.25 packer top, sss2o: lso 10 s2o,lb,. ss15@s.25; desirable 2so to zso,io; ,o oo butchers ss.oo@s1o; bulk of
 sheep: Receipts, 800. For week: Fat lambs, steady; top s14.75; bulk lighter higher best ewes. ss; top tbs wethsrs 50 sSc ss feeding lambs. 25c higher; best. $i4.75.
 FOREIGN EXCHANGE
 NEW York. Feb. 3.-Foreign exchanges firm. Quotations in cents: Great Brita in on banks. 4.65. France demand, s.45: cables 6.t5h Italy, 4.se and 4ssH and .0029; Holland. ss4o and 3s.4s. Nor. way 1s.5s; Sweden, 26.55; Denmark. 1881. {. Switzerland, 1881; Spain, 15.sl; Greece 12.l1h Poland. .oo26; Czechosiovakia, 2.ef: Argentine. 37.12; Brazil, lI.63: Mon.
 BAR SILVER
 NEW YORK, Feb. S-Foreign bar silver 6s%c: Mexican dollars. 4sxc
 STEEL
 NEW YORK. Feb. 3.-Steel, unchanged. h Il Alabama