The Birmingham age-herald., 1923-03-25
PROBE OF SUGAR
 INDUSTRY CAUSES| STOCK TO SLUMP

'-4.ol,a.aSIUCk IO SLUMP
 NEW YORK, March 24-stock Ss .- prices continued to sag in todays
 brief but active session of the stock -s7ya market in response to further @7i r tacks by short interests. Operators s3ta in the long side of the market, ap-
 parently discouraged by their failure = to attract a larger public following .si7a,pn the recent advance, lquidated su'a spart of the holdings in which they V, had paper profits the losses in ac-
 ,s.tive issues ranging from fractions to
 3f2l2 points.
 sH Government investigation of sugar
 prices gave the shorts a good excuse for a concerted attack on those is sues, American Cane preferred, Cuban American South Porto Riean, llunts Aegre and Manati closing 112 a,,,..io 10 Sl4 points below yesterdays final sr.s saaotations. Some of the. steel shares LIT also showed poor buying support.
 Isepublic dropping 2ss points to 61S. sA 1s.early a point to 671s and United etSgT States Steel getting below Tor after -f s.9 It's recent high of 1095s.
 assas@ Other conspicuous weak spots in nas! t'le industrial list were the Market sEoH,' street Railway preferred issues
 ican Press, General Asphalt pre- ers ferred Burns Brothers A., Union ~ze a|aak Car, Nash Motors and Wool -.s,AA@orth. all off to points.
 .~ogs Independent strength shown 4~fs hy Beechnut Packing, which jumped -n-oe55s points to 1912 despite the state rsaF ,iIent of the president of the com ssrsrf ksnY that insiders not buying is~s esc stock at present price levels" sYsae ranscontinental Oil and Keystone -g1s.. frire also were firm.
 The rails offered better resistance ,-s--.- fo selling pressure. although losses s-=ssa-srt to 214 points registered by T Chicago and Northwestern Delaware ~sad Hudson, Lackawanna Northern
 'A7!eifie Frisco preferred and Vest s5 era Pacific.
 s .s -" Foreign exchanges heavy, n itA only moderate amoalnt of ! 5usires. transacted. French francs wlic1 had crossed 6.90 cents earlier 4 'n the week, dropped back to $50 2 gN cents and demand sterling sold un- ! < der $4.63 Modera.e improvement, was shown in the Canadian rate. which sold around discount of $4 1 S--=- pays total sales 562, 0OO shares. ssss-.---~rwenty indusarals averaged sEg-rpS.2s; net loss 70. High 1923, f.s. i05.3S; low. 96.96 =, Twenty railroads averaged ss.7s, s. net loss, .o2 High 1923. 90.63; low. l .&s Sf,5S.
 Fl tle receipts, 800; compared with week ago:
 sef steers sseaa s 59 Se bs gn
 eanners 25c lower; light yealers, s1. .75@2 s7:5as.S5: yearIJs s. s79 si cows $; scg
 Hos receipts sSoo: fairly active; steady
 sSspis saaa esE' ,ss sS
 pscsr fT sSws s9SS Mssss Ds $
 G reeegts m 1sS M5ekst liar fs sss
 classes unchanged Top for week: Wool |
 siss ass Ra fosw %ooI fl amss siiDsss sis
 clipped s1s : s sS; fsl ss shoFn ,a. weth-
 e~es. Ts ss so 'es@ heaves sn0it; ss ''V Tat "sh LOUISVILLE March 24-Cattle receipts
 ge bsss sesaS ss 9sayy @ steers ss
 s;sS; cows t s2aG:9o; feeders S6@7.25;
 geSnds gS dsnS. s 70" 1s9 G ss sd pounds ss 3s s7 90; 90 pounds down $5 65 throw-outs E ooS 5 a aws bn ssDS;.
 SnS 9ss 4sy sssS2Dg posaS ss%s
 5G eommon ,sa to choice dds pgs SC
 hegf eg; $ soss ;0 zo sSp" 1sst aS 1T ing soxs rough, s7.I5@7- 50; killing pigs
 ss Cattle TeesiRs sSo GS%Pased with ps----axtreme top matured steers sfo s5. weight
 sSI ssS pounds nn & best s yearlinEs s1o:s5; nu iligh time i'm , s she stock uneven ,iosing early advance, largely steady; pacs' and feeder s trade narrow. ssppiy ght eSMss. 30 stoeEers and feeders. :e.7sg ESWT15; butcher cows and heifers. .75@ | bTSesi calves: sloSio.; 90,
 sregh5 Coparsa for with week sES so. ds,TsSe N,,3hoce handy weights advanced most: Ex, St.tremne weights weights around steady; clipped S3nethers and fat sheep 5V steady to 25c hiRh 5 closing top ap w0q'sH ns Mooed ss slt@lt slpPsa mostly sli SS$ S yme yearlings scarce; SI pound averages. | sS mSs'X amos Soy ST fGasaz s.,t CINCINNATI O., March 2i.-Hog re- s i'eepts. 1.soO steady te 1oc higher; heaves, 'ssms go; packers and butchers ss75: sheep steady; lambs steady. t-s NEW YORK. March 24.--cattle receipts & a.5 no trading. Calf receipts, 630: quiet; N Seals. s1o@15 50; eus, ssaa little calves .@s, sheep and lambs receipts $.soo steady;
 iEoss ressiets s;s.s; s. ste steady medium Hum %'sss 5o@S. 75; roughs, s7@7.25 sSpe sf receipts aa5; fof S wssR i.' beef .tesrs se she Stock Sp steady to 0q 5c ssheq sH]sst hsilers. g.; sanners and cutters sloe z Calves si a1 50 higher: closing top veal & is5c lower; stock and heifers strong S,.to 25e higher; stock calves steady to soc E$l,.. Hog receipts, 5000: mostly .5c to 1oc k2tshgher to packers: bulk desirable 200 to fEis50 pound butchers at ss 2oqs. 25: l6o to s@}tso pound averages ss .054s.2 top. < lS .t SS. .25; bulk of sales. ss.106S.25 packing isows steady to strong at s7 7.So. ,s stweak top. s14.s5 closing top, sl4 30; | lH bull light offerings s14 15@1475: egis1; ;so@11 ;75; top, 25; sheep steady !autwethers. s7.6o@7.75; best wooded ewes. yS,,$s.75.