The Birmingham age-herald., 1923-11-11
DEMAND FOR RAIL
 ISSUES FEATURE

-developed moderate strength towards
 the close of todays brief session of the stock market after exhibiting a slightly brief reactionary tone at the opening. While the market had
 paid little attention to foreign de- velopments since the current up *'1 swing started 10 days ago, the weak
 ness of sterling and the refusal of the United States to participate in
 g separations inquiry under the limi- s IAtlonS imposed by France, undoubt-
 ediy was responsible for some of the
 profit taking and bear selling of the
 past two days.
 The brisk demand for some of the
 low priced carriers, particularly Southern railway. and the coppers was
 the outstanding feature of todays
 operations. Strength of the coppers
 vas regarded IS noteworthy in view
 Of the disturbing news from abroad
 Out producers report that foreign
 buying continues in good volume and
 that the domestic outlook is un-
 usually good. Anaconda, Cerro de Pasco and Utah were the conspicuous
 strong spots of the copper group.
 Strength of Southern railway G which advanced nearly points to
 < iahin Q fraction of the years high
 neYiVed reports of an early resump- 9idn of dividend, although at the last
 directors meeting 1t was Sald that
 the subject would not be taken up before the spring meeting next year. 4 Northern Pacific moved up nearly a ' point and good buying also was
 noted in Baltimore and Ohio, the
 Erie issues and Wabash preferred A
 Oils held relatively steady despite
 a cut of cents in gasoline prices
 b. the Standard Oil Company of In
 diana, regarded as the forerunner of s siliother price war. Motors were
 qufte heavy in the early dealings,
 Ssadebakcr, Stromberg Carburetor,
 Chandler. Maxwell Motors A and
 Pesce Truck dropped ] to $ points,
 bjG recovering all or part of their
 losses later,
 Fluctuations among the usual in
 duetrial leaders were narrow and
 generally unimportamt. Among the le.atively inactive issues the strength of computing, tabulating and re- t'H VoAding. Davison Chemical, Hartmann
 Corporation, Liggett & Meyers, Ma
 fioRal Cloak and Suit common and
 preferred and Sloss Sheffield up to
 points, were offset by the heavi-
 7less of Fisher Body, Foundation
 eofnpafiy, Corn Products, American Ice and Brooklyn Union Cas- off 7s seffa 3si points.
 Demand sterling broke more than
 cents to S4375s, another new low
 for the year, but made substantial
 recovery before the close. The con siI nimental exchanges also were heavy with Dutch guilders breaking 26
 points to 37.90 cents, q low price.
 for the year
 Total stock sales 472,1OO shares. Twenty industrials averaged 91.3S; net gain, 26. High 1923 1O5.5S; low
 S5.76.
 m Twenty railroads averaged ss.35; uet gain, 32. High 1923, 90.5l; low, ; z9.53.
 -1oursvlb1E. LIVE Ky. srqGN S9S. lo.-c.ttl., Receipts, 800, closing weak heavy steers. ss.0QQS.50; beef steers. S4@Si heiters, .. Hogs: Receipts, s.5OO steady; 200
 to S SP pounds SadS Go ss25 9 pigs pound; s.. down S5.25; throwouts, s5.75 down slEoo
 KANSAS CITY, Mo, Nov. 1o.--Cattle: sirahle handy weight steers and yearlings 1h ven steady to 25c lower; better grades gfa she stock steady to strong; capners stesdy to 25c higher; desirable stockers : aala feeders mostly s5e highers ether glassers s4. 4.56@6 75;., beef cows, ss.25 e 4.5o; canners and cutters sl.S5@ 5; bo- Iesqa bulls $S25@4 zeal co esITes al d@ ssS9; s6g serS and feeders, S5:5o@75o. spots Toe higher: bulk desirable medium weight butchers s7.l5Q72o; bulk of
 sheep Receipts, 500 for week; killing classes steady to strong fed iam9s Tesv wesf sf9s sBf 6?''iE New Me4oo "@s and Texas wsthers sS%SlO fat ewes ,,,ns mostly yoaTSs $S@ TeSas S;s@i 5fTss offerinss. si1Siff.25.
 CINCINNATI, O.. Nov. 1o.-Hogs: Re-
 Gattle Receipts. 25o; steady. Calves NSiS sheep: o?~ Receipts. 75; steady lamb, steady.
 fsTITttN AGO Nov 10-Hoes. Receipts 5000 slow; mostly steady with Fridays general trade; bulk good and ehSes si S0o s0 lighter weight very uneven, 1soo to 19o- pound erages. s7W7.2O; desirable pack st % sdy % fo g9icS nneyeniy lower; bulk better 1itsas, s5.50@6.29; palmer kind down to $i o0. Estimated holdover, 400O; heavy
 Cattle: Receipts, 1000; compared with week ago: Fed steers and yearlings and western grassers about steady handy weight steers and desirable fed yearlings hetters strong; others and low grades fat COWS weak to 29c lower; ean1ers and tesweals; vaaiers 50G75c lower: stockers ana feederj strong to Sc higher; bulk lings. sS.G0Q 10.50; western grass steers, s95o@G.5o; butcher cows and heifers, s..o1 O.; ca0ners and cutters. S2. 50 g 3.l5; aiers. S9@950; stoekers and feeders, sh ep. Receipts. 1000: todays receipts mostly Cirect few natives steady; p@red week ago. fat lambs 35 O 50c lower;
 
 3sc lower; Killing sheep scarce, steady to 2se higher feeding lambs steady to 15e ll 'gher; weeks bulk prices follow: fat sa.5GBl05O: wethers, s7.50@s.25: fat ewes Sa.50Q6.25; feeding lambs, si..5O@ l2.oO.
 LAST ST. LOUIS. H., Nov. lO.-Hogs: Receipts 500; fairly active; generally stsady; several loads heavy butchers sishtiy lows1ri choice 200 to 2lo-pound 1;SeT!S SisSer bulk S'''' Too sd5c@7 paeker sows unchanged, $626, Iattle Receipts, 500; compared with yeariings 25c lower common and medium steers. grass heifers and bologna bulls, soc lower; beef cows 25@5oc lower; canners a.75s light yearlings Ss.25Q950; beef i. cows ss-75@ 475; canners, $l.76Q2.6O;
 sheep: Receipts i5o for week. fat lambs 75cQSl lower fat yearlings 50c lower; cu lambs and sheep unchanged; $ bulls for week. s11.5O@12,25. NEW YORK, Nov. lo--cattle. Re ceipts, none; steady; steers s5 950; state E bulls Ss@45o ; cows coy sl.25@t; :d .,. .,. Esq: grassers. $s.5oG4 sheep and lambs: Receipts, 120; steady: Hogs: Receipts, 20. steady; light to
 medium Resyy weif6s 6og Rgs s7S @6.5o.
 COFFEE MARKET
 NEW YORK, Nov. 10.--The market for coffee futures opened at decline of to points, There was some bulish com lient on the steader ruling of Rio ex- and there very little support around \ the ring. As result prices eased off to