The Birmingham age-herald., 1923-02-18
TOTAL SALES ARE LARGEST FOR HALF
 SESSION IN MONTH

OEOOlON AW MON I A
 NEW YORK, Feb. 17-operations for the rise which have been conduct ed with great vigor for the last two weeks were again interrupted today by heavy profit taking sales, giving the stock market an irregular ap- pearance. Total sales, however, were the largest of any half holiday ses- sion in recent months.
 One of the most significant devel opments of the day was the establish ment of & new high record for ster- ling exchange, since the begged rate" SAID, was removed by the Brit ish government in March, 1919.
 Demand bills sold today for $4.69i is, or ls of cent above the previous high, which was established last De- cember and duplicated twice during the past week. The par rate of ster-' ling Is S4.s6ss. When foreign ex- change rates collapsed so disastrous ly in the spring of 1920, the rate fell to s3.1S, the lowest ever recorded. Domestic Situation Feature
 Domestic developments continue to dominate the course of stock prices, little or no attention being paid to the foreign situation. Sales of cop
 
 est since 1920, and another increase of 10 cents a barrel for mid-conti- nent crude furnished specuIators for the advance with additional ammuni- tion in their campaign to boost prices. Reports of an early advance in tire prices also were circulated.
 California Petroleum was the yul- nerable to selling pressure. dropping points to S45s, selling being influ- enccd somewhat by unconfirmed re- ports of the discovery of salt water in some of the california oil fields. Baldwin established new top at l4s. but dropped back to 14qia at the close where it was off al on the day. United States Steel also closed slight ly lower.
 Coppcrs in Demand
 Coppers were in great demand in the final dealings. General Motors was again active, creating a new top of 151s on sales exceeding 15,00O shares. There were several conspic- uous weak spots. notably American Brake Shoe. Steel and Tube preferred, Columbia Gas. Guf States Steel, Sears Roebuek and American Loco motive all off K to points.
 Rails showed mixed changes, most ly puward. Ann Arbor preferred, which advanced st points on a small turnover, was the feature.
 Outside of sterling exchange there was little interest and activity in the foreign exchange. Francs sold around 6.65 cents on overnight declines of points. and slight recessions were noted in most of the other European rates.
 Days total sales. 751. 1000 shares.
 Twenty industrials average 103.31, net loss, .02. High, 1923, 1oS.25; low, 96.96.
 Twenty railroads averaged Ss.2s, net gain .o5. High 1928, S9.56; low, S4.54.
 LIVE STOCK
 KANSAS CITY. Mo- Feb. 17-Cattle; steers, steady to 15e higher, top steers, SIG; bulk. s7.5oa9.oo she stock mostly ners. l0c to 15c higher; calves mostly soc higher; practical top vealers. s11.50. stockers and feeders, uneyenly strong; stock calves and stock cows and heifers, mostly steady to strong.
 Hogs: Receipts. 2.oOo: slow, uneven, pounds. .ss.1o @s.25. 24o to 300 pounds, packing sows. steady. s7.i5@s9.2Sg; 9Sg stock a,SS pigs, 15c to 25c lower. bulk, s7.ooQ7.25.
 sheep; No receipts. For week: Lambs offerings. mostly s14.6o @l460; heavies. $500 @14.00; sheep. steady to 25c lower toP e"ess sos AShb 4ots IdTBely RloO Q6.0O.
 CINCINNATI O.. Feb. 17-Hog receipts. s.sSo' s2S ndoysr sCw l5@2ss 1owsF heaviss $ s7@S; stags s4@5. '''''
 Cattle receipts. 45o; steady; calves. soc lower. s5@1450. Sheep receipts 15O; steady; lambs steady.
 EAST ST. LOUIS. Ills, Feb 17.-cattle receipts, 400; compared with week ago: Steers bulls. light vealers and low priced 1fuhf xsaarr lff.rrs l.- CTS, soc lower; cows. bologna bulls and best feeders 25c higher; eanners 15c higher; top steers S10: bulks for week steers. S799; yearlings, s7@s5O; cows si.5o g5 5:75; canners, $2.75; bologna bulls
 Hog receipts s0OO opening mostly 1oc lower to butchers and shippers; 15c to 25c lower to packers load choice sorted 1so-pound averages, sS7OGs75; IsO to 23O pounds. $S 25@s. Sc; 23O pounds and up. sS@S 25: pigs weak. Toe to 15c lower bulk desirable weights. $7.75@S 25; pack. CT sows. l5c to 25c lower: bulk. S6.S5@7. Sheep receipts 500; compared with week 25c lower; all other classes practically steady: top lambs for week, SIS, $s paid low: Wool lambs. $14 35Q14. 75; shear ing lambs. sl4 s5; clipped lambs, SIP. 25 ; culls. sll l@l2 aged wool wethers. $s 50 c SIS; clipped S7.75; fat ewes. $750Qs. ,o CHICAGO; Feb. i7.-Hogs: Receipts 10000; market weak throughout; closed 15@S0c lower than Fridays close; bulk 150 to 200pound averages, $s.15@S.4O; bulk. 24O to 250-pound butchers, S7.S5@S s7@775; estimated holdover, 5000 ssssayyweight hogs. s7.7s@s medium Sl:154 sSo; packing sows smooth, s6.9o@ l.3o; packing sows rough, SHOOT; kill Cattle; Receipts. 1000; compared week ago. oeef steers and yearlings mostly seers shswnr egtsr os Gsses ssGes largely medium to good weeks top ma tured steers, s11; weight. 1,432 pounds; head, s1I25; beef cows and heifers, largely 25p 40e higher: canners cutters and bologna bulls largely 25c higher; veal light vealers showing most advance. bet ter grades stoekers and feeders steady; prices follow; beef steers S809.50; stock CTS and feeders, ss.5o@7.75: fat she stock. 4.25; veal calves s1175@1S
 Sheep; Receipts. 1000; mostly direct strong to 25c higher; choice handyweight wool skins up most: fed yearling wethers 2S@ soc higher; fat she stock l5925c- up. shippers; closi,-- --eker top, s15.25; bulk desirable fat wooded lambs. si4. @ 15.2 25: shorn up to sl29o; weeks extreme top fed yearlings 5oGs7 SEE to shippers; others to Ss4o; bulk desirable light weights lambs $15.4o to yard traders
 LOUISVILLE. Ky, Feb. 17.-cattle: Receipts. 100; steady; heavy steers ss@9; beef steers, $5@s.50; heifers, s4.50@8; cows. ys2@6.5O; feeders s5.5o97: stockers. S3@6.25.
 Hogs: Receipts 1,soo; loc lower; 25o pounds up, ss; 120 to 250 pounds, ss.55; 1so pounds down, s76o; throwouts. s6.55 down.
 Sheep: Receipts, 50; steady; lambs, SIP.
 HORSES AND MULES
 EAST ST. LOUIS. Feb 17.-Horses and mules continued steady; quotations un- changed.