Bisbee daily review., 1916-08-31
Mining and FindncioL NeWs
BY REVIEW LEASED WIRE

NEW YORK, Aug. 3O.-The railway labor situation was again the ell-ab- sorbing feature of today's market but prices suggested that Wall Street still had confidence that 9 strike will be prevented. Quotations were main ly, and in some instances, materially lower at the opening with complete recoveries and a few actual gains at midday.
 Mercantile marine issues made new records, the common advancing 3l4 points to 43% with an equal gain for the preferred at 1O424. Combined dealings in marines amounted to a. bout 172,OOO shares. or 9 percent of the days business.
 A new maximum was established by Kelly Springfield Tire, which rose 1 5-S to 77@4 Rails and United States Steel went lower by one to 2i2 points but recovered some Of their losses when selling pressure relaxed. Muni- tions and related stocks closed at ir- regular declines. Total sales amount ed to 6S0,OOO shares.
 Prevailing industrial prosperity was denoted by the restoration of Ameri- can Locomotive common shares to their five percent dividend basis after eight years of suspended payments. and the reviews of trade authorities an undiminished inquiry for steel and iron products.
 Rubles were again the sole feature of the dull foreign exchange market.
 Irregular changes were noted in the bond market with heavy trading in Anglo-French lives. Total sales par value, S2,S7O,OOO. United States bonds unchanged on call
 CHICAGO GRAIN MARKET.
 CHICAGO, Aug 30.-Wheat rallied today under the strain of active prep arations for a general stoppage of railroad traffic and especially because of notice that an embargo against grain for the east and for Europe would begin to take effect on the prin eiple lines within 4S hours. The mar ket closed unstable, Al to IA net lower with September at 1882 to 139Ia and December 142l5 to 1423i Corn finished Il to 5-S down and oats off B to 11lc. Tn provisions the out- come ranged from 2jsc decline to a rise of 35c
 Strike developments almost com pletely monopOized the attention of the wheat trade Material declines at the opening were temporarily stayed by reports that President Will son was attempting to arrange post ponement of the enforcement Of the strike order, but the immediate price recovery that ensued gave way later when denials were forthcoming from officials of. the railroad employees or ganizations that any change in the strike would be made unless the de mands of the men were satisfied.
 Corn held relatively steady. but re- fiected the action of wheat. Oats had no independence of other cereals. In the provision trade it was difficult at times without causing a sharp ad- vance. As a rule however. bulges failed to hold. The uncertainty of the strike outlook formed the chief gov erning influences.
 (By L. J. OverlncD
 BOSTON, Aug. 30.-The strike sit uation is the one dominating factor in the market and when settled pric- es will shoot up fast. There seems to be various opinions as to whether the strike will actually take place or not Coppers were inclined to be weak to- day. Traders offered them down and catching stop orders. At the low lev els there was supporting orders.
 Would only buy on quick drives un- til the strike controversy is settled. The coppers should prove to be the best buy.
 Paine. Webber Co.