The Birmingham age-herald., 1923-07-26
NET CHANGES OF REPRESENTATIVE
 STOCKS ARE FEW

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 NEW YORK, July 25.-Evidently discouraged at their failure to bring about further liquidation, profes- sional traders lifted the selling pres sure after the first hour today and thereafter prices moved upward in dull trading. Net changes of repre- sentative stocks were generally small.
 Early pressure was leveled against western railroads, equipments steels and oils, while most of the rails closed fractionally lower on the day, partial recovery was made in numer- ous instances. Eastern rails moved briskly forward in mid-afternoon after announcement of the regular Delaware and Hudson division, in which there was 8 large short inter est outstanding. Net gains were largely fractional in this group.
 Baldwin Locomotive led the recov- cry In that group, moving up nearly 3 points at one time and closing point higher. American Car and Foundry also closed 1 point above yesterdays final quotations. Lima locomotive yielded a point Steel shares closed irregularly. net changes being confined to fractions.
 American Car improved 1h points.
 Dupont 21ss and number of mis- eellaneous industrials showed firm ness in the late dealings. Atlantic Refinery closed 5 points off on the day.
 Call money ruled unchanged at <s1 per cent. Timoney held firm at bA per cent and a fair volume of loans were made at this rate. Com mercial paper rates continued at Q bi. per cent.
 Demand sterling was steady around t4.bs3s and French francs were quoted at 5.92c, 1-point decrease. German marks established a new low ct S1.50 for 1000, 900 and closed at .o00i6e.
 Total stock sales, 431,Oo0 shares.
 Twenty industrials averaged so.s7, net gain Fl. High, 1923, 105.Ss; Twenty railroads averaged 79.64, net gain .19. High, 1923. 9o.63; low, 76.S5.
 LIVE sToCk MARKET
 KANSAS CITY, Mo, July 25-Cattle steers weak to 15c lower; few sales bet ter grades. ss.75 @1O.25; best unsod; bet other classes she stock weak to 15c lower. bulls steady; boiognas, mostly s4 90 O D i; calves. fully steady; practical top vealers 80; stockers and feeders steady few sales feeders. s7G745. Hogs: Receipts 10000 packer top, SIPS; bulk. S7O5a7.25; bulk desirables 1S0 to 290-pound averages, :7iog725 packing 25e G lower; 3Wsr buIiS bnIk s5.75Q6.10. Sheep: Receipts, 1000; low CT; Idahos. s1O.4O; best natives SIP, oth- CTS $s45@ To- 90; culls, around sn 25 i; sheep, steady; Texas wethers, S747.5o.
 LOUISVILLE, Ky. July 25.-cattle: 9; beef steers, S5@S; heifers, s6d S.2b ssows s2a feeder4 ss q7; s6SckeTs S6S soc lower; 166 pounds up s7.6017.7O; 12o to 1s5 pounds, S7.S5; pigs. 12o pounds down ceipts. 25o0; slow, lambs, s12a12.5o; one load ,13; sheep. s$.5Oq 5.5o
 cINcINNA.TdI .ii oAio, 3 July or,:r ss7aog; 5!og; packers and 56 6@tfheFs @ 6sayV sfS fSt sows s5a5.5o; pigs and lights, s5.5Q 2 7.75. Cattle Receipts foo; deslra ble dull; fat cows and canners. strong; me dium cows and cutters weak; helfefs' s4d950: alves, steady. sheep: Receipts, 3.2OO; strong; lambs, steady.
 CHICAGO July 25.--Cattle: Receipts, i6.OoO; slow. uneven; steers of value to sell at s11 and above and yearlings ell gible to sell at s1o steady others ;. wes< to 25c lower; plainer kind handy weight steers and yearlinSs numerous many 1h- sold at late hour; choice cows sieady . canners and cutters steady; bulls weak to 26c lower: veaiers 25c 10 5oc higher bulk to packers at noon Sl1.40; few loads $11@1L25; best long yearlingss $ld; bn!N beef steers and yearltngs, Ss.1O @ lO.So' bulk cannerS and cutters S1A ".Op' Ilee'N y baiogna bulls s4. 5 stocllers and feed hands nam s5@7, Hogs: Receipts, 25, GOO. craze; closed dull bulk l6O to 2b0-pound average, s750@765: top S770; early bid 955'tpound butchers S7.25@7.45; bulk sold; estimated hold-over 13,o9O. sheep: Receipts. l6 GOO; fat lambs, steady to 25c lower; culls and sheep generally steady 10
 
 313lo; top natives $12.75; bulk, {l2.2S q i26O odd lots yearlings SS9 ll.bo' lev s5I6.5O; choice 11O to 120-pound averages, s7; few heavy grades, steady FS.So@ EAST ST, LOUIS ln:, July 2a7 25;rcsttjs s;ttIs receipts 6o9o nsed maF1et aGiNe 6c lower Veer west ern steers 25c lower; light veslers b0@ 75c higher others steady: bulk n9tiSe steers, s9,20@ 10 .2j; western o:66 d 2 light yearlings sS .S5@ 10; cows 4b9g 5.25; canuers, S2.50m 1a bologna puils' S4 5OGl5 25; calves, $1i@ II p. ,.,
 Hog receipts, 19, OOO; market opened with few sales, 20c lower; general trading 2op soc lower; close 25 q &5c lower than Tues S7.66; bulk desirable l6O to 2Uo pound aN- erages. 7.55 @7 65c; 2l0 to 24o pound ay- eraaes ST 50 e 50: 2h0 pounds and up, s74O@750 pigs, 25@4oc lower; oulk' s6.5o@7.10; packing soWs 29P85c lover od' under Tuesdays best tlnle bulk 'o'oo9
 Sheep receipts 5000; market slow and steady, top lamUss Sll out pAIN' @A N i25O; close s7; fat light ewes. $5.5O; heavy 8 90.
 NEW YORK. July 25.--Cattle receipts, 1850: irregular steers, $6@Io dry fed steers S10. 65 lt II 20; bulls S4q6; cows, S1 5OQ6. 25. Calf receipts, 1,69Oi steady veal seGp14 .75; culls and little calves S7 e s 50; buttermilk calves, }6Q6.50i western calves ST 50q9.
 sheep and lamb receipts. 4,500; irregu- lar. sheep, s4 50@6; cu!ls $2g5. lambs s7506D13 75 culls, S6G7.
 Hog receipts. 6.96O; higher; medium weights s. 65 as .75; pigs and heavy hogs SS a5QS. 50; roughs, S6g6- 50.
 HORSES AND MULES
 EAST ST. LOUIS, Ill.,, July 26.-Horsee and mules steady. Quotations unchanged'
 COFFEE MARKET
 NEW YORK. July 25.-The market for coffee futures was somewhat Irregular to- day, opening 20 to 2S points lower on the easier cables. after which it rallied on covering and buying for trade account. Julv advanced to e05c on this upturn