Arizona republican., 1916-06-30
MARKET NEWS By R. Allyn Lewis

II IdS DPen apparent lDt SeNeIdl days that the market is pretty well sold out so when better news came on the Mexican situation shorts ran to cover The strength of steel is the backbone of the market Many people are willing to follow any upward movement when this stock leads. From the action of the Marine stocks the plan is likely to come out. The war group are conspicuous by their heaviness. The statement published by Car Foundry showing less than 21k per cent earned is an indication of what can be expected of the other companies which were boomed on war orders.
 Rails are marking time. With the earnings that they are making it is difficult to see how a big speculation in them can fail to start The strongest stock on the list has been Central Leather and it is strong | on it's earnings.
 Certainly the American Hide & l Leather company should be doing I equally as well. In spite of the strength of the market this stock was heavy today on liquidation by a room trader who bought at higher prices. Clark Childs-Men thoroughly fla mliar with the electrical trade don't share in misgivings as to Nesting house Electric's ability to keep it's plants operating as full as they were before the war
 1 Baruch Bros.-Further recessions in values will be swiftly followed by | substantial recoveries and therefore discriminating purchases should prove profitable
 Sir Roger Easement found guilty of
 treason and sentenced to death.
 Estee. specialist in Maxwell ex- pelled from Exchange.
 Regular dividend, N. Y. C. We have the following from Wash
 ington-Situation improves as to Mex
 ico. but definite settlement yet to be
 made and war not impossible. Pres
 ident still hopeful however. and dis
 position is to avoid war if possible.
 LONDON-Spot copper e104 flu
 lures e100 unchanged; Electrolytic
 c132. up e1; spot tin. e173, los UT
 G1. los; futures, s14 up e1, los
 Spot lead, e29, 5s up G5; future.
 CPS 5s. unchanged.
 Spot spelter, e63. unchanged: fu
 lures. 253. unchanged.
 Illinois Central declared regular
 semi-annual dividend, 21s dates Sept
 1 and August [.
 Braden Copper Mines and Bradei , Copper company. E months ended , March 31, net income $4,61S,627; sur , plus s2.249.977.
 Regular dividend on Miami. , Wheat-Much iiquidation of Jul.
 and changing of July holdings to de Following the liquidation there wa ! more strength displayed the trad ? feeling that with the July future near 5 ing an end the trade will be workin in vastly improved quality of weath ? CT hereafter Strength in corn als 2 helped wheat
 Export business as heretofore Ina
 been spasmodic and largely Manitoba ? Tn fact no indication of export busi ness doing in American wheat. liar
 vest weather of excellent sort in tn '. winter belt. Elevator people too ] July wheat sold during the mornin l and have been furnishing the Septem Der mainly at 3ssc premium for latte i Ccrn-Made new high level fc i the old crop and the demand in th 7, cash trade was unabated. The cour , try has not materially increased il - spring advance. The previous bula k was broken by the heavier countr
 shipments but with the demand {
 good and the short interest beginnir k to cover the market looks as if it b on the way to the prices of last vii
 ter.
 Oats-Quiet, the stronger corn ma