The Birmingham age-herald., 1923-07-14
PRICES OF STOCKS RALLY BRISKLY IN AFTERNOON SPURT


 NEW YORK. July 13.-Friday, the thirteenth, did not have any super stitious effect on buyers of stocks, prices of which rallied briskly in to- days late dealings after having drifted aimlessly most of the day. It was the first real spurt in nearly two weeks and carried number of the leaders 2 or. more points above yesterdays closing prices.
 While an overnight study of Pre- mier Baldwin's speech had dissipated some of the pessimism aroused by the sarbled summary published by ticker services in the financial dis trict yesterday, the turn of the mar ket did not appear to be influenced by any news developmen
 Three months of reactionary prices, With but few conclusive rallies, had resulted in the building up of large short interest and there was a scramble to cover when signs of good buying appeared.
 New gains of 2 to nearly points were registered by such investment issues as Baldwin Locomotive, Amer ican Car and Foundry, American Can, Corn Products, Dupont, Vanadium Steel and Woolworth while num- Der of others were up point or more.
 oQueeZlTS or the SnOrtS Tn Dela- ware and Hudson sent that stock up Az points to 107, but it fell back to 105 before the close. Other rails made moderate progress, gains of a point or more being recorded by Ca nadian Pacific, Baltimore and Ohio, St. Paul common, Chesapeake and Ohio, Lehigh Valley, Missouri Pacific preferred and Union Pacific.
 Sugar shares ruled higher despite further reductions in the prices of the refined produces. Buying of these shares apparently was influ- enced by reduction in the crop estimates of two leading authorities Coppers also pointed upward in re- sponse to an increased demand for the red metal.
 Motors were influenced somewhat by the report of the National Auto mobile Chamber of Commerce show ing total production in the first six months of this year of 2,029,000 pas senger cars and trucks as compared with 1,161,00 in the corresponding period last year, an increase of "A per cent.
 Call money again held at g. per cent all day The time money mar ket was dull with few loans ar banks are the principal takers of commercial paper, the ruling rate for which is ) per cent.
 The London financial communities favorable impression of Premier Baldwin's address was reflected in demand bills getting as high as S4.60, a net gain of about f cents on the week. Doubt over the French attitude on Great Britain's proposals caused selling of some of the con tinental currencies, but the recissions were small.
 Days total sales, S97,2OO shares.
 Twenty industrials averager S907, net gain 143.
 High, 1923, 1o5.3s; low, S7.64.
 Twenty railroads averaged 79.0S,
 High, 1923, 9O.6S; low, 76.S5.
 LIVE STOCK
 CHICAGO. July 13.-Cattle: Receipts, 4O00; trade uneven; fairly active. about steady, with weeks closing advance; no choice steers or yearlings here; top ma yearlings approximately number; lower grades in broadest demand; weak scarce tanners activet at S3@3.25; strong weight cutters, s4 and above; bulls about steady; bulk bologna. $5.5O@5.s5; vealers packers; few $11.50 and above; outsiders hand picking up to SEES; stockers and Hogs: Receipts 'i i2. 900; uneven o9e5c lower; choice light hogs showing least de s7.45Q 7sso7, top, s7.s5: bnllS, to $50 pound butchers, $7.20@7.40; bulk packing SOWS. S6N b.30, 12O to l30- pounds plES, l6 .oO0
 Sheep: Receipts. sOoO; active; fat steady; medium and heavy ewes strong i; bulk good and choice native lambs to s7S ens geneTay c5 buk fat ewes: s5.4o@6,50; light weights upward to s7; heavyweights downward to s5,5O. o.5[. NEW ,95 ToRE; July @ ls-Castls: sa Re ss Receipts S7o higher; veais, s1525@ b so; -culls. $S@ 1o; little calves, $75O9 s.5o ;buttermiiks ,i $6i5o@7, sheep, ss5oqgG; eulls. s2@S; lambs, s11@ Hogs: Receipts, 4,S2s; steady; medium weights, .ss.25@s.5o; heavy hogs. ss9S25 roughs, S6@65o.
 Cattle; Receipts 7oo Feneraiiy '' steady with light vealers at s11Q11.25; few cows dinm weights loc lower; heayies steady; M pS 9o to 'esftPs dshswelsees s7.6O; pigs unchanged; bulk, $675@725; packer sows, 15@25c lower at $5.75@ 5.S5
 Sheep: Receipts. 10000; one load good nga,J ;amSs Sld consdered n soc higher others ewes s5'5O; heavies, $S5o.
 Lo,uIsvdIdhaLE, Ky, July 1a.-cattle ss@7; feeders, sc@Zs5;' ''~ siiockers s
 Hogs: Receipts. 1.5oo; steady; 12o pounds up, 7.6O; pigs. 12o pounds down. s6 throwouts, s5s5 down; stags. s5.35 down.
 Sheep Receipts. 3.1oo; steady; lambs. sl4@146o; sheep, ss@5.5o.
 eeips GSclNNsT1 ssos active. o July 1sHoss s: higher; heavya s7.9O packers and butch, CTS s5.9O; medium. $7.9O pigs and lights $Gm790.
 Cattle: Receipts 1000; fat classes ac tive, strong. to 15@25c higher; common grassers slow and uncha anged Steers s50 SlSsS; heifers'. $4@ lo.5o; cows. s2.75Q7; Sheep. Receipts 1000; strong; lambs slow and weak to e5c lower. s4915 o> FAST ST, LOUIS; III, July 1a.- s5@6; some canners s2.25 c 25O.
 Hogs: Receipts 10000: light and me dium weights 10c lower heavies steady: top; s7.75; bulk desirable lightweights s7s5@7.7o; 21o to 26o-pound averages, s7.eo; pigs unchanged; bulk, s6.75@7..5: : largely.
 Sheep: Receipts 10000: one load good lambs. S14 considered soc higher: others unsold: few sheep steady; light mutton ewes. S550; heavies. S3.50.
 MINNEAPOLIS Mnn., July 1s-Flour unchanged. Bran, S1950 Q 20.
 Hubbard Bros. & Go. Members New Orleans Cotton Exchange,