The Birmingham age-herald., 1923-07-13
ABLY GAINS ARE ATTENDED DUE TO| HORT COVERING

'EN 1OEh, July 1Z.-E&treIn m e
 ness marked today's stock mar
 the quietest full day session in
 1T year. Price changes, as nle, were narrow and irregular
 stock started off fractionaIly
 her and early gains were ex- telded as a result of short covering
 or to tho publication of Premier i'" dwin's statement in the House of | 0nmons. Business was suspended ile a synopshis of the statement
 5 being published on tke financial kers and Wall streets first reac- as reflected on the tickC5, was ghtly unfavorable.
 Large traders, however, seemed sposed to await the full text and
 ike a careful study of the same before extending their commitments and there was a continued absence uf public participation so that aft moon trading continued sluggish
 th price changes generally unim- ortant-
 American Car and Foundry drop
 d SIS points on what was obvi-
 sly forced liquidation. There was
 thin market for the stock which
 -oke l ia points on five sales of 100
 ares each. the days total transac-
 ons being only about % shares. ildwin crossed 11S and then drop ped back to 1171s, where it was 5s .au the day American Locomotive egistered a small fractional loss.
 Oils failed to make any ap--
 reciable response to the reported eduction in domestic production. 'oppers were slightly firm in re- lection of a stiffening of commod- ty prices and an increase demand or the red metal. Steels showed little changes on the day. U. s. Stev. common again selling above 90.
 Rail shares continued to disregard he unusually favorable car loadngs reports although the seasoned diYi lend payers showed the pest buying ,upport, gains of a point more be- ng recorded by Delaware and Hud- on. Lackawana and Canadian Pa cific.
 Some of the other individual strong spots were American Agricul- .ural Chemical preferred, Famous Players, Liggett and Myers E. Air seduction. Woolworth, South Porto Rican sugar, Vanadium Steel and Pierce Arrow preferred, up to points.
 Call money held at per cent continued firm with brokers pay1ng 5N per cent. New commercial pa per was slow in coming In and the demand was moderate. the bulk of the prime names commanding per cent.
 Foreign exchanges held steady with no important changes in rates. Demand sterling sold just under s4.5sla and French francs were quoted around 5.9O cents. German marks again climbed above the .000S cent mark
 Days total sales 344,ooo shares.
 Twenty industrials averaged s764,
 High 1923. 1o5.ss; low s7,s4.
 Twenty railroads averaged 7S'11'
 High 1928. so.ss; low 7s.S5.
 LIVE STOCK
 $50; no trading: Calves, receipts gro: steady; .veals, .s1o@15; culls' s799i little sheep and lambs: Receipts Slsoo ir- lambs, s1I@l7; culls, s9@Io: weights ss.25 9s.5o heavy hogs, ss@s.25; roughs, S646.bo EAST ST. LOUIS, July 1s.--cattis: Re ceipts. 18,oooi beef cows strong; light vealers a5c to toc yy l9wer at slI; other other nngs ss cows, &b; bulls, s4.6o@476i can m Hogs: Receipts, s,ooc; mostly l5c to shippers, slow on others top, s7.S6; bulk Iso to seS ond pound 1sses sys1ssss s775@Ts9 steady; bulk 12O to 1so pound averages, E@726; packer sows 15c to 25c higher; Sheep: Receipts. sooc fat lambs steady; culls soc lower; sheep steandyi top lambs G, s1S5O; bulk SIZE BlS.So tWo heavies. s3.5o
 CHICAGO. July 12.-cattls: Receipts, 5000; active; beef steers and yearlings s9 so fap s s5G fgh9r 6T 3o pound average; few loads s11.oO911.4o; choice yearlings absence best, s1o;s6. be: hafH hRttlr hRa 4nd yearlinEs, ,92 25@11OO; weeks decline mostly recovered; she. stock unevenly 1 e 0 tS S seo POO a2ds4 nsae yss low time; bulk bologna bulls s5,5o@6S6; bulk beef heifers oa{ fs;o9 a sn 91o'oo veal veal siders early up to s12.5o. Hogs: Receipts, 2s.OoO; good kind fair even. dull. mostly steady to 10 higher; bulk desirable 16o to 25o-Pound average; shoee ssS to 50B SE fS 7,65; bulk desirable throwout sows. se.40@ eco; best strong weight pigs, se.75 OHIO; ismsc sheep: Receipts Receipts. -EC 5000; desirable fat lambs steady to 15c higher; bulk fat and f5oo sSSe aVe top Sesterns to oify b1tehers sl52S tep natiyes a to packers $i4So; enils msisht %Ss't swss. sSea l!ght xsisSts upward to s7; heavies ss.SO@+2b.
 KANSAS CITY, Mo. July 1s-cattle: Receipts, 1000; calves. 1000; native beef steers steady syeeaIrllings strong; best ,s siois5; steer r' receipts fed Texas; trade slow on this class with few sales, ss,5O@ 800; she stock mostly steady; bulls CTS slow and dull; bulk cows, s 50 a 5 50; banners and cutters, $2 @ S.26; bologna bulls, $4. .25 a 4.75: practical top wethers. b. 90; few stockers and feeders, $500 Hogs: Receipts. s,OOO 1o@25c higher; top. s755; bulk of sales. $7 20 75o; bulk desirable, 1so to 29o-pound averages. $7: 40 ssocs @I0 pEs Ps'ins ioo hisheT sIMS sS5 Sheep; Receipts. 1000; lsmbs steady to sss tGn %tT sns aroans 95hf rssSers. eS: snssS nsSsSs5 @s.
 LOUISVILLE, Ky, July 12-Cattle: Receipts. 200. steady; heavy steers s@e; bsst steers SS9s;s c2Ws' fH H@7 S2@7; feeders s'H,sc Hogs: Receipts, Receipts 'G i'eoo; iOc higher; 12o pounds up. s76o; pigs. 12O pounds down. 16; throwouts s5.S5 down; pigs s5S6 s1z: choice, s14.2b@145o; sheep. ss@6.
 c1NcrNNAr1: a.; Q. July gdyy 15s3,m7Hosq; 537 Re. Re un, dium, s2.so; pigs and lights, $50 q 7.7o.
 Cattle: Receipts, 75o; fat classes steady; Rsaeips ssVSs 7aoo Strong lamb. wsak. a5@5oc lower, s4@16.25.
 BANK OF FRANCE
 PARIS, July 12.-The weekly statement sf the Bank of France shows the follow 'nGG GGoid a in hand increased 10000 francs. silver in hand increased sOo9e;, Notes @ in circulation decreased 2s1sssSSS 0SS s;i: .., sSo5ssssS Sss SSo SS.SsSSS rspaid the bank soo.ooo,oo0 francs.