The Birmingham age-herald., 1924-04-09
GRAIN MARKET

e%4 0kk<1A1y Mf1AgAA2A
 CHICAGO, April s.-Grafns averaged and closed lower today. moderate rs1 covery shading the extrefie closes. Coral was weaker than wheat Several promi-' nent locals were working on the selling m favor to bring out a rather steady run of small selling orders from commission houses. Messages from the country sus- geHted a larger movement. Cash hanr diers reported east offering to resell and local cash prices approximately hc low. CT relatively to the May. An encoufag new crop surplus would be. very small A year ago one of the factors precipitat ing the long decline from above st.A was the expectation of a very liberal surplus in India. We see nothing to stin uiate any aggressive or sustained buying I'll. & B. Beer to J. F. willingham & Co
 NEW YORK. April s.---seilng was con. tinued again in the morning when fur. ther drive against United States Steel car. ried the price down to sSA. Unfavor- decline, American Agricultural Chemical rose sharply. Baldwin came back point Norfolk and Western and New Orleans Texas and Mexico, advanced and various character of the market was almost en- tirely professional. however. and volums of trading decidedly light. The changs for the. better did not last long and even during the rally such stocks as Vana- diurn Kelly Springfield and Davisop Chen- icai were continually for sale at reced- commenced again in the stocks which have been acting the strongest aud South- ern Pacific. Norfolk and Western. New svnE the market ssrS s ap pearance.-Fenner & Beane to Kahn & Virgin.
 NEW YORK, April S.-The market haa rx morning there was a distinct tendency to improvement in the rails, but in the after noon this has been offset by selling in this division of the market, so that the final result is slight reaction all sround. It looks as if the dominant bear party, did not want improving rails to af- feet the general list. Back of any bear operating. however is q two-foid depress- portant, grave doubt generally as to whether anything really worth while can be accomplished at this session of Con- gress. coupled with the fear that, the sol- diers bonus may go through. while the other reason ia the fact that business has closed up in many quarters. and those connected with the industries affected are naturally rather pessimistic on the out look. The general news is rather favor able. first, in the Michigan election, and next in the character of the tax bill re- ported out of the Senate committee Post & Fiagg to shannon Co.
 WALL STREET BRIEFS
 While steel Inaking operations of the United States Steel corporation have eased off. being now about 90 per cent com pared with nearly 99 per cent three weeks ago, the finishing mills have not, been affected, and deliveries continue at large stocks of unfinished steel in Jan uary and February, which are now being drawn upon.
 Net loss of sS37,5s2 is reported by the American Linseed company for 1923. but R. fl. Adams. president, states the out having been shown in the first three -nionths of the year. New products intro duced in 1923 at an expense charge against income of more than $4Oo,oo0 are basis, he said: Total assets were s4s.s2s.- BIS, and profit and loss surplus s4,ssL- o44' against s5.s54.sf7 in 1922.
 The election today of Myron c. Taylor. . director ot the First National bank of New York, to the board of the Erie raiI- management of the road in which it~has been increasing its holdings Mir. Taylor succeeds Edward J. Berwind. resigned.
 On the. face of their showing, & number or copper mining companies have. been little or. no headway in the matter of was inferred, might easily have been com piled without including all proper charges The real copper cost. observed q mining engineer, which concerns share holders in mining companies, Is that fig ure over which anything coming in from sales oh outpu tmay be avaiiabl efor divi- dends. ; M
 Once more the street delighted to refer to the mystery buying" of Missouri Pa eitlc preferred, but there appeared to be no more basis for the accumulation of shares than an Improving earning power ana The possibilityes for constantly ssrsnsthening treasury position lfT'a
 James II. Perkins. president Of the or the Ffrsinian railway. and several inl sucancs su companies. has been elected to or the Union Pacific railroad.
 fnpiic offering of New York states S4k voyVoV bonus bonds. which were awarded tc ecoay 10 A banking syndicate headed by o1 Ioi nase as securities Corporation on a bid ol 1V1.4bSb will be made tomorrow at . price to yield the investnts -I .sa. s v