The Birmingham age-herald., 1923-10-26
Selling Pressure Concentrated On Priced Rails And Most Stocks Decline

the afternoon more trading was reported. Silks were quiet, with confidence growing in consequence of the recession of raw silk values Carpets and floor coverings were comfortably sold and fairly steady. Wool goods were best in dress fabrics and cloakings.
 C0TToN SEED OIL MW foRR oct 2SAfteF c,sd srnIv an carry np der realizing sales, but again hardened before the close on covering and bull sup port, influenced by. the strength of cotton and the absence of tenders. Final prices were 10 to r points net higher. Sales, prime ] yellO@ fSS spot GSIae 2S'9 October closed 12.45c; December 11.16c; March, 11.22c; May, 11.S7c-all bid.
 FORT MOVEMENT
 New Orleans; Middling, 3o.25c; re- ceipts' 55,55s; exports 5000; sales, 71ai Galveston: Middlins. 30. 4oc; receipts, l4.!2i sales, 1,2S6; stock; S2s,213. 1si oeS sales si; 'iaRs atooR. 77oG G0O' receipts
 savannah; Middling, so,Ooc; receipts. c6srieston: Receipts, i,52o; stock. Wilmington; Receipts 1881; stock, Texas City: Stock. 2,2Os.
 Norfolk Middlng, 3o.ooc; receipts. 4.216: exports, S,53s; sales, 2,s6S; stock, Boston: Middiing. s1.Ooc; receipts. 40; Philadelphia: Stock. 4.2ss. New ytoSS York; a7 and mdding' a176c; exports, Minor ports: Receipts. 4,ss4; exports. 4,9S4 stock, 2,e22.
 roTto Housto. 1S so. ports; Receipts. 1o,so4; eH- Total today: Receipts, 45,72s; exports, 21.9S6; stock, 746,3s2.
 Total fer week: Receipts 2a7s7s; ex- Total for season: Receipts. 2.sss,2s5;
 INTERIOR MOVEMENT ss.sss; Shipments, s7,47i; Sales, s.aS5 Memphis Middling. so.75c; receipts, sfsd,, ssdt; os shipments ays s'1es; sales. 2i50 Augusta Middling. N1sc: receipts 1ls71s: shipments. 1,15l; sales, s71; stock, St; Louis: Middling. so.25c; receipts. Atlanta; Middiing,. so.S5c. ss7; shipments. i,s2s; sales, ss7o; stock Dallas: Middling, so.o5c; sales, 5,oSa. co montgomery: Middling, S0ooc; sales. Total today Receipts. 35.7s1; ship ments, 3s,2ss; stock, 656,063.
 MARKET FLASHES
 NEW YORK. Oct. 25.-October cotton today rose to 80 points above last nights
 
 new high level for the season. The in- crease was due to the fact that only about 4.6oo bales were rendered on Octo- Der contracts where nearly twice many had been accepted. Later months were Il to 20 points higher.
 NEW YORK. Oct. 25.-The daily aver age gross crude oil production of the United States increased 13s. 100 barrels for the week ended October 20, totalling D. 263,450 barrels, according to the weekly summary of the American Petroleum in- stitute.
 MEXICO CITY. Oct 25.-The executive board of the National Railways of Mexico yesterday elected officers as follows: AL berto J. Pam. secretary of finance. presi- dent; Eduardo Ortiz, under secretary of communications vice president; Leon Sa- linas. under secretary of finance, executive president.
 Sugar company reports net profits of $3- 4S9601 for the year ending May 31, 1923, as compared with s26.131 for the preced- ing 12 months.
 NEW YORK. Oct 25.-An official of the Gulf States Steel company, here for Steel institute, said orders to his com pany were 30 to 40 per cent better during ing the preceding three or four months He attributed the improved business to Japanese buying, larger exports to Cuba and improved demand locally.
 NEW YORK, Oct 25.-The Congoleum Company Inc, today declared a stock pose the common stock was increased from 24o,000 to 1000, 900 shares. of which 10000 will be retained in the treasury. NEW YORK, Oct. 25.-The American Tobacco company announced today it had completed plans to take over the manu- featuring properties of the Tobacco Prod ucts corporation under an agreement through which it would acquire its trade marks, supplies, plants and equipment for a period of ss years. The transfer in- wolves the payment to the Tobacco Prod ucts corporation of about $12,O00. 900 and guarantee to pay the corporation S2,- 500, ,000 annually.
 WASHINGTON. Oct. 25.-Cotton of the 1923 crop ginned to October IS totalled 6,400,579 running bales, including IT,