The Birmingham age-herald., 1924-11-14
STOCKS ERRATIC, ALTHOUGHSALE
 TOTAL 2,WD0,0OO
Irregularity Develops To- ward Close On Realizing
 And Bear Selling

NEW YORK, Nov. 13.-With total sales exceeding 100000 shares for the fifth consecutive full session. price fluctuations in today's market became more cratic, closing quotations display ing considerable irregularity. Opening trading was not in such large volume, but when 1t became apparent thst the heavy profit taking of professional traders had been completed. at least temporarily, the market swung upward again on increased activity with some spectacular advances taking place in the popular industrials. The high prices, however, encouraged renewal of realizing and bear selling, which was still under way when the closing gong sounded.
 More than 50 issues, mostly indus trials, scared to new peak prices for the year during the day, while the gen. eral industrials average was carried to the highest level in several years. The railroad average showed moderate decline.
 United States Cast Iron was the sen- sational performer, soaring over points to 147A, a new high for all time, on a continuation of urgent short covering, and then sagging back to 142. American Can also established a record top at 153k, but 1t eased later to 151a, where 1t was up 3A points on the day. United States Steel common crossed 115 to the highest price in five years and then slipped back to 114A for a net gain of nearly one point on the day.
 Declaration of only the regular divi- dend on Southern Pacific, setting at rest rumors that the annual rate was to be raised to $7, brought about heavy sell ing of that stock, which dropped 2h points from it's high, and had damp ening effect on other railroad shares. Katy" preferred developed strength, however, climbing nearly points to a new 1924 maximum price at 66K. Mis- souri Pacific preferred and Atlantic Coast Line also broke through their pre- vious 1924 highs.
 The brisk demand for Savage Arms. which scared five points to new peak price at 76h, was based on the large profits that company is reported to be making in the manufacture and sale of refrigerating appartus. Other indivfd- ual strong spots included American Woolen, Dupont, American Ice, Brown Shoe, Central Leather preferred, Fed eral Mining and Smelting, Goodyear Tire preferred, Hayes Wheel, Postum Ce- real and United Fruit, all up to nearly 6 points.
 The recent improvement III the SIX business was reflected in the demand for H. R. Mallinson, which advanced 2z points to a new high at 34. Other popular industrials to sell at the years best prices were Sears, Roebuck, Mont gomery Ward, Coca Cola, Western Union, Brooklyn Edison, Maxwell Motor "A," White Motors and General Asphalt common and preferred. General Elec- tric scared nearly points to 270K and then fell back to 266A
 Frisco common, Northern Pacific, Chesapeake and Ohio, St. Paul prefer red and American Smelling, Houston Oil, Kansas City Southern, St. Louis Southwestern and Schulte Stores were among the many issues to close at net losses of to 2 points.
 Call money ruled unchanged at 2 per cent. Time money rates held steady, although offerings increased. Commer- cial paper rates continued to rule be tween 3h and 3% per cent.
 The transfer of funds from New York to London in order to take advantage of the higher interest rates in the Brit fish capital was reflected in the ad- vance of more than 8 cents in sterling exchange. Scandinavian currencies also made substantial gains, most of the oth- CT European currencies showing slight improvement.