The Birmingham age-herald., 1923-09-23
GAINS DURING DAY ARE DISTRIBUTED OVER A WIDE LIST

" AA 1 " ANA AAO \
 NEW YORK, Sept. 22.-stock prices displayed firm tone in today's quiet half holiday session of the market.
 Subsistence of recent selling pres sure brought about rather general short covering, the gains in the &C., tive issues ranging from small frac- tions to tive points. The gains were distributed over a wide list, but the best eXhibitions of group strength were made by the sugars, equip ments, cans and motors
 News developments apparently hao little effect on security values. Cable 2 dispatches, particularly those dealing with the reparations situation, ap- peared cheerful. Reports that fall trade was expanding cautiously but steadily were enumerated by ru- mors of further curtailment in the [ steel and motor industries.
 Rails moved up with the indus trials, the best inquiry being noted for the eastern carriers. Baltimore and Ohio continued its steady ad- vance on reports that August earn ings will exceed S4,50o,o0o net, as compared with a deficit of about s650, ,000 in the same month last year. Early resumption of dividends on the common stock is expected by Wall street in line with the directors an- nouncement earlier in the year. Bal timore and Ohio touched 51N, but slipped back later to 51 E, where 1t 2 was up E on the day. Canadian Pacific, New Haven and Reading aaeach gained nearly a point. sr Tobacco stocks failed to respond to the announcement that cigaret pro- 5 auction was running 36 per cent ahead of last year.
 The only conspicuous weak spots were Goodrich preferred, which
 al ur1 vents A and B, which yielded and S% respectively.
 Foreign exchanges continued to Improve. Demand sterling advanced I cent to $4.55M and French francs E advanced slightly to 6.01h cents Marked improvement was shown by Spanish pesetas, which jumped 3l points to 1885 cents. Higher prices for silver resulted in improvement In [ the Far Eastern rates.
 The weekly clearing house state ment showed increases of $12,5OoIOOO in loans, discounts and investments and s4,445,00O in time deposits. The reserve of member banks in tho fed eral reserve bank dropped to $1S,- s43000 below the week before while net demand deposits showed shrinkage of $13,s36,000. Aggregate reserve totaled S4S3,770,ooo, leaving d deficit in reserve of $S,6A.S6O,
 
 with a week ago.
 h Total stock sales, 2S1,soo shares.
 Twenty industrials averaged sS.b3,
 High 1923, 1o5.3s; low, ss.s2.
 Twenty railroads averaged s1.6S; net gain, .50.
 LIVE STOCK
 NcIESAT SSo .tesay S ssn te isc SraF Hsavs 3s75@e; packers and butchers $S; me dium, ,s5; pigs and lights s5;6097. sg .,..,v Calves steady, s4@1s.
 sheep: Receipts zoo; steady. Lambs steady.
 CHICAGO. Sept. 2a.~H9s.: Eses,Dts; ssrDnf pound averages, ;s.sO Ss s6; desirable geo O SoIs Iafgeg Weight. VI t0 s797.75: estimated hoidOvsF. 'Vcgati Cattle: Receipts. 1000; compared week ago, matured steers exseptlns s'rloety sno.. SesieSFsDS SOo iower closing trade very uneven at ssIlne ssrlHss IGR ss50 %A western .teads to weak; she stock little changed; can {, te bec higher; stockers and feeders steady fo 25ce lower. Week bulk prices follow; { erassers s7@s; butcher cows and hsifers, S4.4O@S.5o; canners and cutters, $2s6Q s.50: vealers. s12.75@1s.5o; stockers and ' < ssasal Sheep: P Receipts 5000; compared week SEQ Fat las6s ,sds mostly soc l9rsT; 5ss 5s. Swfe Ssstein s0s lambs siTSS: n%stixss; % ;15;sss sgMss5@13.4o; M usS natives. ,1s.25@i4; culi na- lives. ss.5o@ @1o; yeariing wethers, !s.soS s.5o;" feeder lambs. Si5.75 @1s.T5: weeks receipts 10. markets largest Tor practi- 7 cally two years.
 E LOUISVILLE. Ky, Sept. 22.-Gsttis: iseS:p';ss sissrs. ss Ss; s beef steers sS@s.at Ssit CTS. s4.5O @S.6o; cows. s?gs.6o; feeders 75o saoCks!s ;S;so ssTS; lG: higher ,s5 To pounds si:'' down. sT ;s.iO; thFOw-outs ss.sS .5S I9ssg Sis 1issBt'. sss.S .ss s'' steady lambs KANSAS sErr N. gist 1sc.:s gs7 ..ss e1gy Heir2ty s'sess steers sYiS5 yesrnss .1ss sio stosksgs toa ssss.a. aad feeders sSo i0w'F'
 5oss: Rsce5gts s'G, stsssy to .,5sS 5se .'sf Sheep: sSea'ii Recelpts. 5000: 1s@s5o lower; .eheep and feeders steady; lambs. s1ase; ewes, $5.5o@6.
 EAST ST. LOUIS. Sept; 2s,-Hoss: rs; ssPts s sht SGoe Oss SSs ps. Cattle; Receipts, 1000; compared with ago chqiSs 9set s.ss stss sSf IowsP sGi A~eek: sMtured steers s121e.
 Sheep: Receipts. 700; fat lambs, x5c@ i5l.s5SS, 5S"'F' bulk for week Lamps '''0 NEW YORK. Sept. s21cat.ls 23 :c s.,, steady; a.Si. SI sSo seas Sryss ous ftsIay s5 little calves. ss @s; grassers s6@s.5o.
 Sheep and lambs steady no receipts, m145o; culls, Iss@s.
 Hogs: Steady; no receipts; d on PES. :s.so 1iiedium weights. Ss.25 e 9s.5o; roughs, S6.5o97
 COFFEE MARKET
 NEW YORK, Sept. 22.-The market for coffee futures opened at an advance of 10 9 points and the more. active positions sold about l2 points net higher during the early trading the firmer showing Of Brazil. December sold up to S.25c and May to 7.e7c, but these prices attracted reactions late in the morning which car ried December off to s.2sc and May to 7:Soc. The market closed at net ad- Sales were reported of about 2.ooo bags. September, s.6Sc; October S.50c: Decem- S'4Sc: September 1924. 7.ssc. Spot cof- Zee quiet; Rio Is. 10Is 6107sc; santos As, ysA q14s4c; cost and freight offers were
 The early cables reported an advance of 90 ,reis in the dollar buying rate wt<e 2 decline of l;S2 in the rate on London and Santos 200 to 500 reis higher. Later a further advance of 125 to S25 reis was port port receipts. 5000; Jundiahy, si.ooo. /, Rio cleared s0.000 bags for the United States and Victoria 5000. Rain was re- ported in all district of Sac Paulo.
 NAVAL STORES