The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-06-24
LARGE OPERATORS
PREFER TO SELL
RATHER THAN BUY

kAl HEX 1 HAN BUY
NEW FORK. June ss-rrresuiar
dsy's Dull half holiday session OF the
stoha1 market
es~seal iArrs operators who have
been active recently vera away for
the Weekend and those who re-
nAfneA apparently found it more
profitable TO seli stocks than to buy
thsm- Pxioe Illustrations "a a rule
wore narrow and unimportant.
President Harding's Kansas City
speech on transportation problems
brought some buying power into the
rail group at tho opening, but the
barrier stocks gagged with the rest
Of the list in later trading. Pitts
burg and West Virginia and Atchison
each dropped about a point and Union
Pacific, Now York Central, southern
railway and a few moro of the active
issues yielded fracttoQally.
Baldwin, Studebaker and American
were the heavy spots among the So
called pivotal Stocks" Tho net
losses were held to fractions. Corn
Products, which was strong recently.
on tho announcement of an extra dry
idend, dropped more than points on
profit taking. Fisher Body broke .
points on a small turnover.
some Of the strong spots were
Woolworth. Houston OIL, Hartman
corporation. Atlantic Refining and
West Pennsylvania Power. nm 70 4
points.
The feature OF the foreign ex-
change market was the rally in Ger
man marks, which registered an
overnight gain of IA points, being
quoted at .0010 cents, against the re-
cent extreme low of .00o6A. The ad-
vance was attributed to the more
stringent German government regu-
Ialon of foreign exchange trading.
Inc other principal rates held fairiy
steady. demand sterling being quoted
around 4.61ss and French francs
around 6.19c.
The weekly clearing house state
ment showed increases of s5.564.O0o
In loans. discounts and Investments
ana $349.o00 in cash in own vaults
me reserve of members banks in the
aederal reserve bank decreased SIS
$1,000, net demand deposits dropped
1881, 900. and time deposits dropped
*o,o24oOO. Aggregate reserve to-
tailed s511,274.000, leaving excess re
serve S7,64S950. decrease of SIG
$4,000 under the week before,
Days total sales, 276SOO shares
Twenty industrials averaged $3.50.
90.S1 Ao"'
Twenty railroads averaged S2.43.
net gam, .oS. High, 1923, 9063; low,
LIVE STOCK
CalCAGo. June 23.-Cattle Receipts
5000; compared with week ago. better
grades beef steers. yearlngs beef cows
heifers. stockers and feeders strong to 25o
nisher; lower grades beef steers and
yearlngs largely Csc to 40c lower: lower
sAoes rat COWS. Gamers and cutters un-
evenly soc to 75c lower: spots off more
veal calves Csc to soc lower; extreme top
matured steers. S11.50; best long yearlings
.ll:4o; weeks bulk prices follow: Beef
ers and feeders. ss.a507.75; beef cows and
heifers, s5.3598.75: Gamers and cutters.
1850 s.75; veal calves. ss.5o@1o.
direct; for week. over so per cent direct
10 packers: compared week ago: top lambs
" lower; lower grades around 81 lower:
ewes Doc higher; heavy and aged wethers
unchanged; closing top. lambs $3.50; bulk
good lambs, SIS; culls mostly IS; top
s3.5o94 i'7'
Hogs: Receipts. 5000; better grades
l75 to 900 pound averages. s7.3097.40;
top; s745; packing sows mostly s6a6.35;
bulk desirable strong weight pigs. Ss.759
4 estimated holdover, 1000; heavy weight
hogs. s6.9o@7.4o; medium. s7@7.45; light
s7a7.4o; light lights ss.75@7;so; packing
rough, s5.75@s.15; killing pigs. s5.75@7.
NANoAS 1lII, MO-, June 2S.-Cattle.
Receipts. 10000; for week; Beef steers
and yearlngs zoe higher: Texas steers soc
higher; palmer kinds up considerable more:
fat she stock loo to 35c higher; Gamers
steady; cutters strong: bulls teady to 15c
lower: calves strong to CSC higher; stock
ers ESQ higher: stock calves and hefers
strong.
Hogs: Receipts. 1880; 15c higher than
yesterday.s average; top, s7.15; bulk OF
sales, s6s5a7l5; bulk $50 to 325 pound
averages. s7.o5 OILS; packing sows strong
mostly 500.
Sheep: Receipts. 500: for week. Lamb,
sis; bulk better grades rad si5s15.7s: sheep a"S
steady: Texas wethers, ss.75@7.76: odd
h lots ewes to killers. s45o@5ko; native
Texas goats. s3.5o@4.5o.
s CINCINNATI Inn; 5sne ss1 -! R.c.ip.s
butchers, s7.s5: medium. s7.6o17s5; heavv
+. sows. s58S.75; pigs and lights, S.
Cattle: Receipts ESQ; slow and steady;
calves weak. soc lower s5@1o.
sheep: Receipts 2.500; e'roNr Te~Nhs
slow and weak. csc to 5oc lower. s71 .
EAST ST. Louis. Ill. .1une 28.-cattle;
Peceipts 400. Compared with week ago.
Native steers CSC TO t0c higher Texans, /
2Fc to SOC higher; light vrarlings, 25c
higher cows, bulls and heifers steady;
S1os5 long vearlinFs. s11; heifers $40;
hnllSs for week: Native eteers. ss.761o.6o;
5as
Hogs: Receipts 900; active. steady to
&c higher: top. $3.50: bulk $50 to 1so |
pound averages s7.5567.e0 pigs and |
hacker unchanged; hulk good ITO |
TO 1870 pound averages s797.4o; packer
sheen: Receints, son; todey's trade nom
inal: market for week All grades lambs
1owsr % Six weeks te t9p
bulk good lambs for week. STATS N 15.75; |