The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-02-24
Short Market Flashes

WASHINGTON, Feb. 2s.-The proposal
recently placed before Congress for an
sbilities of American overseas territories
was discussed at length at todays cabi-
net meeting; but it was said atterw San
rotary Wallace is understood to have sug-
gested that experiments be made to test
whether rubber can be produced in the
southern states alao be authorized
HARRISBURG, Pa. Feb. 2s-Unemploy-
ment in England is reflected in an influx
of skilled mechanics into the United
states and Canada. the state department
announced today. Information received by
the bureau indicates workers Of this class
are arriving at the rate OF 1000 month.
Lack OF work and no prospects or I'M
provement caused the exodus which the
reports received by the department said,
has alarmed the British government TO
such an extent that an embargo is con-
sdered.
PHILADELPHIA Feb. 2S.-After the
announcement by the board of directors OF
a stock dividend of 700 per cent. the STOCK
OF the Am nf can most noe spectacuIar leaps
that has occurred on the Philadelphls
Stock exchange IN some years, in atos s'9 re-.
ceded 10 1888 The American Stores com
pany operates approximately loo chain ,ii
Rev Jersey. Delaware and Maryland.
RosroN. Feb. 23.-The Commercial
,,uae,ee, ,s going ahead slowly but stead
iiy. There are a number of things when
eause the wool dealer to suspend 1uug
ment and to move slowly but prices keep
very steady here in spite OF the easlh h
abroad, The goods market appea ara ~ nv
low as compared with the raw mater'ai
NEW YORK. Feb. 2s.-The Standard
oil Company Of New Jersey today an
nounced an advance OF lie gallon IN I'M, me
price Ct gasoi8s IN V yirg,5 5srs sgd the Dis
frict Of Columbia, and 1isc gaiioh IN
North and South Carolina.
NEW YORK, Feb. 2s.-Directors Of the
Iusniration Copper company today de-
clared a dividend of soc snare, pa Sy 49,
April TO stockholders of record Ma nal
/ IL The last dividend was 81. PAID IN DC
tober. 1890.
NEW YORK. Feb. 23.-sugar today
touched the highest price levels since lszo ~
cuban raw sold at sac a pound, coss AM
freight while granuisted was a"''eN
. gents
OKLAHOMA CITY, Okla, Fer 1s.rs ss. on
| hahaif OF the Fort Smith and Western
railway. In a hearing today before .ne
! e sation Of the Kansas City. Mexico and
! Orient railway for an order recurring RAJ ~
roads in the state other tnan t IN s,srs
| in divisions of revenue for uterine traiiic
which we're made effective in Oklahoma
January l.
/ NEW YORK. Feb. 2s.-The eastern
railway presidents conference ,ooay t ter,
ed to test the recent order OF me inter ea,
state commerce commission providing Tor
| he sale OF interchangeable mileage BOOKS
( at a reduction of 20 per cent from the
| prevailing rate of fare
| WASHINGTON. Feb. 23,-Present
| fraieht rates on cotton compressed In
transit. or in prior to shipments, between
okiahoma and Arkansas producing T rerr,,
tories and Galveston, Houston ana T thnss
! city, are discriminatory against moss
ports and constitute an undue preference
10 New Orleans and Mobile 1t was ss,e aee
eided today by the interstate comme !, :
! COMM ssion. x general revision OF me
schedules Involved was ordered 10 'aho
| effect May a.
CHICAGO, Feb. 23.-Armour & Co. toot
Iilinois) today announced that 1t would
| redeem at par and accrued interest or,
| June is next all of its per cent serla,
| gold debentures, dated June rs, l9ls, and
| Ia addition on April IS next would redeem
at par and accrued interest and A q
| premium of per cent on the princlpal,
| It's 10-year per cent convertible gold
notes dated July IS, 1920.