Arizona republican., 1915-11-30
FINANCES and MARKETS,
Republican A. p. Leased WireI

NEW YORK, Nov. 29. CNan StreeD A fresh element of uncertainty was injected into the financial situation today by the news that the Canadian government had communicated 20 000,000 bushels of nigh grade wheat at home ports and probably would reserve the total wheat surplus of the dominion, amounting to over 200, 000.000 bushels.
 A wild rush to buy resulted. Later, however, the argument prevailed that the seizure would of necessity create an increased demand for this coun- try's available supply and more nor nal conditions followed
 Shares of Canadian and granger roads were lower by point or more in the early dealings and cotton carrying issues also developed heavi- ness.
 The balance of the list represented an unusual mixture of gains and losses. General Motors rose twenty points to the new record of 476, and Cuban American Sugar made a new maximum on it's Is rise to 172. Other sugar stocks were strong, and such specialties as Allis Chalm-
 
 New York Air Brake and Industrial Alcohol were to points higher
 Included in the list of stronger spe- ciaIists were such inactive issdes as North American, Electrical Storage and Montana Power which derived their chief support from pool manipu- lation.
 United States Steel was inclined to | Soo from its obscurity, closing at 459 sixteen points under it's previous quo tation. The final trading was dull and irregular, with total sales of 464 900 shares.
 Chief among the October railway statements was that of the Erie road showing an increase in operating in come of $2125.00O. while St. Paul gained $751 900, and Southern Rail way $62O, ,OOO
 Decline in exchange on Germany to the low record of 79Fs and in creased buoyancy in Paris checks furnished the contrasting features Of the foreign exchange market.
 \ sale of Anglo-French notes at 97a4. a new low record, marked their dealings in bonds.
 Total sales. par value amounted to $3,770,0O0.
 United States registered fours ad- vanced i4 percent on call.
 CHICAGO GRAIN MARKET.
 CHICAGO. Nov. 20 - Wholesale communicating by the Canadian gov ernment resulted in broad demand here today for wheat. Notwithstand- ing sharply divergent views regard
  the United States. the action of the market clearly indicated that ma jority of traders here construed de- velopments in Canada as favoring for at least the time being a higher level Of values Quotations closed firm, with December 1052. and May 1OSl9. an advance of 2h to 32s @21a above Saturdays finish, Corn gained to IT 019s cents, and Oats 214 to 2H G2as. Tn provisions the outcome ranged from 212 decline to rise of 121ac.
 Excited buying of wheat at the opening carried the market up with a rush, but when the upturn amounted to 2la cents bushel and was be- ginning to appear sensational offer ings which at first had been scarce quickly became abundant. The re- suit was q moderate reaction to slightly under the initial range. Sub sequentlv, however, word of export sales of 5O0,000 bushels to be shipped by way of the Gulf of Mexico tended to cause a rally. which left the market in the end within Hc of the topmost level of the day.
 Apparently the most popular opinion acted on by the rank and file of dealers in wheat was that the huge seizure in Canada showed the urgency of the European need for breadstuffs from America and that the United States would sooner or later be called upon to furnish q liberal share of the re- quisite total supply.
 Leading exporters, though, declared that the British government was evil dently determined to minimize the price of wheat and that the preference given to the immediate surplus in Can ada would surely reduce export busi ness from the United States.
 Oats took the lead in coarse grains, being stimulated by an active demand from houses that usually act for the seabord.
 Corn responded to the bulge in other cereals, but advances were checked by the fact that prices had touched the highest levels this season.
 Provisions averaged higher owing to advances in the price of grain and hogs.
 San Francisco Market
 SAN FRANCISCO, Cal. Nov. 29.-