The Birmingham age-herald., 1923-04-01
EASTER HOLIDAYS. RESULT IN SMALL
 SALES FOR DAY


 NEW YORK, March s1.-A sudden spurt of buying in the last half hour after an early period of irregularity imparted firm tone to closing prices In todAys stock market.
 Owing to absence of many traders 'because of the Easter holidays. total sales were relatively small.
 Heavy buying of Marland oil and Phillips Petroleum, each of which es- tablished new high records for the year, were the features Marland was pushed up sh poinas to 6S% and Phillips closed IS points higher at 69ss. The run-up of Mar land was associated with reports of it's possible merger with the Cosden oil company.
 The usual leaders, such as United States Steel common. Republic Steel, Baldwin, American Locomotive the PanAmerican oil issues American Woolen, American Can, United Retail Stores and KellyS Springfield all closed slightly higher than Thurs days final quotations.
 The poor showing made by some of the principal railroad systems in the February earnings reports be- cause of the heavy expense incidental to the severe storms that month, with the prospect that the March returns will be similarly affected, resulted Tn a moderate liquidation of some of the railroad shares, such popular issues as Atchison, Delaware and Hudson, Illinois Central, Lehigh Valley and Northern Pacific yielding fraction ally.
 The foreign exchange market was unusally quiet because most of the foreign financial markets are closed for the Easter holidays. Prices were irregular with demand sterling drop- ping below s4.6S for the first time in %~o a vancing points to 6.65 cents. Ger man marks also made partial recoV- cry from recent heaviness.
 Financial.
 Days total sales averaged s12,ooo
 Twenty industrials averaged 1o2.75, net loss .o2.
 High 1923. 105.sS; low, 9s.s6.
 Twenty railroads averaged s7'lS'
 High 1923. so.s8; low. s4.5a.
 LIVE STOCK
 NEW YORK, March 31.-Cattls receipts. '4si Sheep ep and s lamb receipts. s.sso; steady; sheep, s5.soQs; culls, ,sSG5; lambs. $129
 Calf receipts. s6o: steady; veais ss.6O0 Is; oulls. seQs; little calves. $eq6
 Hog receipts. s,osO; steady; medium as m de; roughs s7 25Q7. .6o.
 LOUISVILLE Ky March s1.-cattle receipts, 100; closing steady; heavy steers, ssQs.7 beef steers. ss@ 70; heifers' B sto6Ssrs 2S soVs ssse so feeders 9
 Hog receipts, 1.6o0 steady; 1s5 to 25o pounds. ss.4o; 12o to l66 pounds, fs; 25o pounds up, ST. .95, 90 to 120 pounds, SC 90; go pounds down, s5.55; throwouts ,ss. 40
 Sheep receipts. 5o steady: lambA ,l4.
 CINCINNATI O. March so.-HOg re- eeipts. 5000; strong to Toe higher; heavies. pigs and lights, s6@s.50.
 Cattle receipts goo; steady; calves
 Sheep receipts. 50; steady; lambs steady; sheared, $5913.
 KANSAS CITY. Mo. March s1.-cattle receipts, 225. For week Beef steers steady to 25c lower; top load, S9. s6; part stock strong to 15c higher; stock cows and hefers and cutters steady to strong; canners weak to 25c lower; vealers. s1. 50 c cwt ; other killing calves s1 lower; stoek calves steady; bulls mostly 1oc to 15c higher.
 ss. 30; bulk of sales. ss.1oQs. 30; bulk 19o to 290 pounds averages, sS 20 0S 80; l; pack
 Sheep receipts none; lambs steady to 1Oc higher; top s14. 50; desirable weight lots top. si1 90; few springers largely SIS 0@ Y 50; sheep generally 25c higher; best ewes, go; shorn wethers, $7.759s.
 EAST ST. LOUIS. Iii, March s1.-cat- tie receipts. 300. Compared with a week ago; Beef steers and stockers and feed CTS strong; light yearlings and bulls 25c lower; cows and canners l 6c to 25e lower; light calves. $2 0@2 75. lower; bulks for week; Steers and yearlings. s7; cows. 70 525 Qs. 50; canners, S2.s5q3; bologna
 Hog receipts, 5000; run largely direct: market on shippers and butchers 225 heavies slow steady, ss.35 paid for 25O pounds few good 1i5 to 220 pound pigs bidding 1oc to 15c lower; few s7@7.25.
 Sheep receipts, 1,30o; run direct. Com steady: fat light ewes 25c higher: heavies unevenly soc to $1 higher; other aged classes unchanged: weeks top wool lambs, quotable at s15; bulks for week: Wool lambs, slS 50 @ 75: n to s5 pound e,iipped, VI DO @l2; eI 10 110 pounds ss@ 10 6o; few. springers. SIT 7Q22; heavy ewes s6-5097 25.
 CHICAGO, March s1.-Hog receipts 5000; mostly strong to 5c higher Closed dull, about steady; bulk desirable 150 to sss5 ,sd p0Snd Snt aysrages s.9 se Piss dail; mostly $ ssSa ss:: estimated is%a ted S25; medium. ss.15QS.4O light ss. i5@ s5g; light light. .-s7 .5o@s 45; packing soWs sfnooth. 3f. So Q So; packing sows 7.s5. -VS ,''' A''''''s piss' s''So@
 Cattle receipts. 300. Compared with week ago; Beef steers. yearlings butch CTS and butcher she stock largely 241 40c higher: good to choice beef steers showing most advance Extreme top year slings. sl0. 25; best matured steers, $1O. 10; canners and cutters steady to strong; bulls about steady; veal calves sharply lower stockers and feeders strong to 25e higher: weeks bui kpriees follow: Beef steers 2 S6; beef cows and heifers. s5.75Q7.s5: eanners and cutters s3.5e@4.l5; veal
 Sheep receipts $500; market strong. Compared with week ago: Fat lambs steady to shade lower; fed yearlng weth- old fat lambs si5 i5 paid paid by shippers Ie sop at close bulk wool skins st4@15; heavies, s, sis 50 e ls: recently clipped lightweight weights, ss25 @ 10; " genuine g california iorni spring lambs. si5 50, with outs at SIP. 5o@ prime s1-pound fed yeariing wethers. s14,26: others around s1s; best handy weight wooled ewes. ss; other lightweight ss .5o@7 .25; aged wethers ss9s.50, in wool; shorn descriptions. s7.75@S. A BERLIN. March 31.-The statement of the Imperial Bank of Germany as of Total coin and bullion, increased 2.271, z4s.0o0 marks. Gold, decreased 1000. Treasury and loan .a association notes. in banks increased 15.O2s.0o0 Bills of ex- change and check. increased 1s1,370,441 oae. Discount and treasury bills. increased 62s.T20.7 .751. .oo0. Advances, decreased B. 547.5Ss,000. Investments, increased 14s- es1.ooo. Other assets. Increased 100. 2e0- o64.oo0. Notes in circulation. increased 6s3, ,123,4 ,45s.o00. Deposits, increased 2s2,- 111.015,o00. Other liabilities. increased a9- 645,527, 900. Total gold holdings 1.044.ssO.- 900 marks. of which 164,e520 marks are deposited in foreign central banks.