Arizona republican., 1916-07-20
MARKET NEWS
By R. Allyn Lewis

by K. Hllyn Lewis
 ] T. o.
 Duet conditions again prevailed in the stock market today Initial pric- | es were fractnonally improved At the outset the market was quiet with | dealings limited to a few stocks and | small in coaume. Alcohol Studebaker | and Can featured at the opening. | Shortly after the opening Anaconda l developed strength and on quite a large turnover advanced smartly AL i conol continued to advance and Westinghouse crept quietly upward. l There was revival of activity in the equipments led by CFI but Locomi- tive. Pressed Steel Car and Railway Spring were in better demand Distil- lers was helped by the strength in Alcohol. A little later the buying movement extended to all of the war order shares. The movement here undoubtedly had it's main spring in the report that fresh orders for huge quantity of shells of large cal ibre are pending. The improving tendency continued without much in terruption throughout most of the day. In the last hour when the real market leader Steel common - crossed S5. it galvanized the entire | list and many stocks rose to their highest prices since the present re- [ covery set it.
 | The rails also improved further l Towards the close besc prices were shaded a trifle but the list closed strong and active The tone was healthy and sentiment growing more 1 favorable 10 the bun side.
 Washington Wires-That country Wide railroad strike that is threaten ing 10 tie up business of T.. S may be referred to board of mediation and conciliation before railroad men com plete their strike vote was indicated at office of the board today. Ordin- arily this body does not intervene in strike situation until called on by one of the disputing parties after strike is definitely ordered but 1t ,s understood that President Wilson favors submission of difficulties by the companies and the men to the board at once, thus preventing an open break.
 There has been accumulation in 2 great many Of tie rails and a short interest has grown in Norfolk. and Reading.
 Southern Pacific June business best in companys history. Figures be is- sued shortly
 Wm. A Clark, owner of United Verde says if proposed tax on copper IS adopted by congress 1t will prove suncidal to democratic party. It is unjust and discriminatory and be- lieve it unconstitutional. Thinks zinc prices will recover.
 Subscription books to the S10O. co. = O00 French loan opened today.
 Wilson will protest against British blacklisting of American firms whicl. Is expected to raise issue of far reaching importance.
 Russia promised both sides of Oar daneiles in case of victory for allies. Local bankers hear that average daily consignment of $3,O0O,O0 gold expected to cross border for perhops six months
 more confident sentiment is be- ginning 10 make it's appearance with regard 10 the copper shares, follow ing careful weighing of the outlool. Tor these companies after the war when they will not have to face tho competition likely to meet many in- dustrials
 Nev. Cons. May production. 7.723.- 14e pounds.
 
 WHEAT--Market was under strong pressure. The longs of last week had GOV cred for a profit and were wait Ing On lower prices. The run of news From the northwest was of an appre- hersive character but with no i'm portant damage reported. The cooler weather and rains in that section were counted upon moderating the
 fears of rust damage Selling was
 quite vigorous dt times but al
 through the market there was fair.
 ly strong undertone and traders fig
 1red that until tEe wheat was saf, |. and fears would be dominant ant
 damage anticipated. The close wa,
 with Ac loss in the nearby deliver
 les and fraction off in the De
 cenber.
 . CORN-Cooler weather abated tn
 fea rof the corn crop losing groun,
 and the December lost a cent on tn rains in northern part of the belt an, 7 expectations of their spreading ove
 the country ahead of the cooler tenn peratlres. The weekly report wa
 standoff in showing good progress c
 the plant in the upper portion of tn
 country ard suffering from lack (
 rain in the southwest. The markt ! will continue awaiting affair