The Birmingham age-herald., 1924-09-24
GAINS RECORDED
 MSTOCK MARKET
Constructive Forces Help To Move General Lists
 Higher

NEW YORK, Sept. 23.-Constructive forces were at work in today's stock market with the result that the general list moved to higher ground, the net gains in the active issues ranging from fractions to 8 points, sensational rise in cotton futures, a further easing of money rates and the favorable showing made by the first batch of August rail- road earnings statement all contributed to the bullish sentiment. Further ac- cumulation of the public utility issues. SIX of which attained new peak prices for the year, was again one of the days features. Buying of these shares has Ibeen based on reports of increased earn ings and merger possibilities, together with expectations of special dividend distributions.
 Electric Manufacturing company shares have improved in sympathy with strength of public utilities, General Elec- tric and Allis-Chalmers each showing net gains of points. Strength of Worthington Pump, which scared 6 ports of increased business resulting from its Diesel engine and locomotive feeder developments.
 Buliish demonstrations also were suc- cessfully conducted in the food ehares, National Biscuit, General Baking. Cush- Austin Nichols preferred and New York Gamers all establishing new high prices. General Baking was run up 8 points and National Biscuit, which Is reported to be considering an increase in the present s dividend rate, closed Al points higher at 76h.
 standard industrials made good re- covery from recent heaviness. United States Steel common, closed nearly 2 points higher at 109. Baldwin ad- vanced 1h to 123h, and American Can showed a net gain of ? points at 13O United States Cast Iron Pipe touched q new peak at 11oA and then eased to 109A, up 2A.
 Active buying of Lehigh Valley, which closed nearly 4 points higher at 6SA, was in anticipation of developments looking to the merger of that road with the New York Central system. North western carriers were aided by reports of increased car loadings, Rock Island, Northern Pacific, Southern Pacific and Frisco preferred closing 8 point or so higher.
 Some of the other outstanding spots were Mack Truck, All-America Cables, Commercial Solvents "B," Internationa! SSoe. Manila Electric Railway, Nickel Plate. Rutland preferred and American Chicle certificates up to points:
 Call money was unchanged at per cant. NTime money and commercial pa per rates held steady, but the rate on 60 and To-day acceptances was Eeouceo M to 1 per cent.
 Foreign exchange rates were slightly reactionary. Demand sterling ruled around S445% and French francs were quoted just above 6Ac, each at snsn' concessions from yesterdays flnaI quo. Eations. Brazilian milries aoVanceu So to m 5Oc and Canadian exchange, which has been quoted at slight dlscount' was back to par.
 CURB REVIEW
 NEW YORK, Sept. 23.-lrregular orice movements took place in todays HI.,rt Ht ,oorket which was featured by fhe improved demand for the oil shares Prairje Oil and Gas, Vacuum ana seV- eral of the pipe line shares moVeo uP i to points. Pierce Oil corporauon, fhe most active issue, dropped nea[Iy a noint to 4%, Standard OH or Ah- S,ape and several of the other popu- far oils. which have been under pressure lately, held steady.
 Activity in the utility group was marked by narrower movements, wnuo x,,,o the baking group supplied WlosE @ Suations. American Power ana Light SaveIoned weakness on small transac. lions. losing about points. Onitsu nt" Rakeries sold at new high or 1AS1a' hut closed a few points lower Tor net gain of more than points:
 Tndustrial shares were 1alriy sIEOn1' .-iIiette Safety Razor adding more joints to it's recent gains. Radlo issues were mixed and less active, Duplller ao- Wancing fractionally in contrast 10 slight decline by Hazelt1ne'
 CALL MONEY NEW YORK, Sept. 23.-Can money steady; high, per cent; low, 2; ruling rste, 2; closing bid, 2; offered at "A last loan, 2; call loans against accept ances, 11S; time loans easy; mixed col lateral, 6O-sO days, 21A@2%; 4-e months a73A: prime commercial paper SA'
 METALS
 LONDON, Sept. 23.-standard copper nnot. pounds sterling, 62 pounds 2s' 0d; Sutures. pound sterling, 5S2s, Sd; cleo trolvtic. spot LX, 66s; futures, 60IOs:
 Tin, spot Lx, 22ss; futures LA. ZzS;
 Lead spot Lx, S2.16s; futures LA' B25s. .. q. ea
 FOREIGN EXCHANGES
 NEW YORK, Sept. 23.-Forelgn ex- changes easy; quotations in cents: Great Britain demand, $445H; caDies, S4.46M; 6O-day bills on banks, $4'aSM, France France demand, 6.s7; cables. 5;TH; aesi ItaIy, 4.3s and 43sh; Belgium, 4;S9m c and 4.s7; Germany (per trillionl, ga Holland. Ss.51; Norway, 1880; Sweden oa sa. Denmark. 17.14; Switzerland,