Arizona republican., 1916-11-11
FINANCES AND MARKETS
sepublican A. p. Leased Wlrel

NEW YORK, Nov. 10-(Wall Street) With the dwindling of the political situation in the realm of popular dis cussion Wall Street today gave free rein to it's speculative optimism, the session being one of the most note- worthy in the history of the exchange.
 Dealings aggregated 2,100,000 shares, total only once exceeded this year. Fully half of the transactions con- sisted of United States Steel, Central Leather, the metals and related indus trials and equipments. Rails were again neglected and motors were most ly weak.
 The turn over embraced the larg- est number of stocks offered in many weeks and was attended by about a score of new high records Foremost among these were Central Leather which later forfeited it's advance and considerably more. The shipping is sues, some of which also developed reactionary tendencies; and papers, coppers, Lackawanna, Gulf States, and Nova Scotia Steels, the last named making its initial appearance on the board, Laclede Gas of St. Louis and Acme Tea.
 Gross gains ranged from 8 to 22 points, but the net result was not ad- vantageous. Selling was extensive on the advance, but made no marked inn pression until the last hour. Impor- tant shares receded 1 to points.
 Foreign interest in the market and according to reports, a premium of half a cent was offered for early de- liveries. United States Steel was firm, even before the publication of the Oc- tober tonnage report, which established a new record for thrilled orders.
 
 active and higher in the main, but trading in that quarter was overshad- owed by the inquiry for stocks. Total sales, par value, $4,970,00 United States Bonds were unchanged on call.
 CHICAGO GRAIN
 CHICAGO, Nov. 10.-Rmors that German submarine had sunk a steamer in the Gulf of Mexico caused the wheat market to have a sinking spell late to- day, after prices had touched a new high record for the season. The close was weak at s1.SSH GD1.SS% for De- cember and s1.921z for May, with the market as a whole. 1 Rc lower to a like advance as compared with yester- days finish.
 Corn gained 7sc to 1asc; oats, 9sc to 9sc, and provisions, 25c to sl30.
 III sut ldSl lillttll HliluteS Ol lfle SeS- sion wheat prices underwent a de- cided setback. Profit taking on the advance had been unusually heavy and appeared to have about exhausted the average buying power for the time The bears pressed the selling, while the pit was disconcerted by the pros pect that shipments from Gulf ports and from the Atlantic seaboard would perhaps be greatly curtailed by the supposed peril from submarines. More or less uneasinesS was aroused by mo- tices that several eastern railroads had given notice of a temporary embargo on shipments of grain, although req sons for the embargo seemed to re- late to traffic conditions.
 Advances which had carried wheat values sharply upward throughout the greater part of the day were largely due to assertions that the frost did serious damage to crops in Argentine Upturn in prices at Rosario stimulated much of the buying. Gains in New York stock market quotations tended likewise to encourage bullish sentiment regarding wheat.
 Export buying and Argentine crop damage gave strength to corn. Prices touched the highest point since 1892. Oats sympathiZed with the advance in corn. There was active buying on the part of the houses with seaboard con- nections.
 Provisions rose higher than they have been before in sixteen years.
 Close: Wheat: Dec, s1.SSR; May,