The Birmingham age-herald., 1924-02-07
CRIPPLED WIRES 7 AFFECT TRADING
, Market Closes At 12::30 Out Of
 Respect For Memory Of sss. Woodrow Wilson

 in today's quiet trading, which was re- stricted by the crippled wire service to - the west and the fact that the session closed at 12:30 p. m. out of respect for the memory of Woodrow Wilson. 10 Operators on the long side confined their activity to a few issues, staging a bullish demonstration in Baldwin, which sent that stock up more than 2k points to 130%, a new high for the year, extensive short covering giving impetus to the rise. It sagged to 13oh at the close. Kresge jumped 10 points to S1o, record high, and Liggett & Myers B moved up points on one sale. Buy ing was influenced to some extent by the reports that the Mexican revolu- ton had been crushed, higher foreign exchange rates and the publication of statistics showing that January wit messed the first monthly increase in pig iron production since last June.
 Sugars have been accumulated lately on the improved trade outlook on dem pnstrations of group strength. Ameri- can Beet Sugar climbed three points and American Sugar Refining and Gu ban-American preferred advanced two each, and Punta Alegre moved up near ly a point.
 Good buying also took place in the oils, although not all the early gains were maintained. Underwater and Cos den preferred each gained about 2R points. Shell Union was the most &C., live, improving fractionally on a turn over of nearly 50,000 shares Houston dropped point on profit taking. F 70 ,snh moved up 3l4 points. was associated with reports of the early declaration of q, stock dividend, but these lacked con- firmation.
 Heavy realizing sales in Corn Prod ticts, Hayes Wheel, American Tobacco issues, Dupont and Wilson company re- suited in losses of one to two points.
 Southern Pacific crossed 90 for the first time this year and then fell back to s9h, up ts on the day. Canadian Pacific, Chesapeake and Ohio preferred and Erie first preferred closed at net gains of about a point, but the other issues in that group moved irregularly within narrow limits.
 Call money held steady at Az per cent all day. Time money and commer- cial paper markets were dull with 4S. per cent the ruling rate.
 Foreign exchanges were firm. De- snand sterling moved up a cent to &4.31%, and French francs rallied about $ points to $4.s51z.
 g Total stock sales. 5s5, 900 shares.
 Twenty industrials averaged 10123; net gain, .28.
 High, 1924, 1oO.s5; low, s4.ss.
 ., Twenty railroads averaged s5.s3; net Unchanged.
 High, 1924, s59O; low, s2.74.
 CALL MONEY
 NEW YORK, Feb. 6.-Call money steady; high. A.; low, AZ; ruling rate, <<; closing bid, Az: offered at AZ last loan. A.; call loans against accept ances. 4. Time loans firmer; high, A : closing bid, Az; mixed collateral, 6O-90 days, 4s.; 4-6 months, 4A; prime com mercial paper, 4S4.
 FOREIGN EXCHANGE
 NEW YORK, Feb. 6.-Foreign ex- change firm. Quotations in cents: Great Britain demand, 4.31h; cables, 4.s1%; 6O-day bills on banks, 4.2s7s :: France demand, ASA; cables. 464t2; Italy demand. 4.3S1a; cables, 4.39; Bel sium demand, 4.11E; cables, 4.12; Ger. many demand. 00O000000023Y cables .Qooooo0oo02s; Holland demand. 37.47; Norway demand, 13.46; Sweden demand, S6.30; Denmark demand. 1884; Switzer- land demand. 17.41k; Spain demand. N.19; Greece demand, 1.77; Poland de- mand, .o0oo11h; Czechoslovakia de- mand. 2.9o; Jugoslavia demand. 1.1Sls {; Austrid demand, .OO14; Rumania de- mand, .511t; Argentina demand. 33.25; Brazil demand, 11.75; Tokio demand, 46is; Montreal, s7 1-16,
 -
 METAL MARKET
 NEW YORK, Feb. 6.-Copper quiet {: electrolytic spot and nearby, l2Ia 6l d2Ac: futures, 12tsc. Tin unsettled 1; spot and nearby unquoted. Futures nbminally, S51.00151.62 Iron steady: No. southern, $23.00R235O. Lead steady: spot. $s.256s50. Zinc quiet {; East St. Louis spot and nearby, SC. 65G SIS. Anthony spot, $105O.
 STEEL MARKET
 NEW YORK, Feb. 6.-Stcel prices un- changed. \ C FOREIGN MONEY
 NEW YORK, Feb. 6.-Bar silver. GA. / Mexican dollars, 4Ss..