Bisbee daily review., 1916-07-14

NEW 1Ohk. JulN lo.-StiluS Ol broader and more promiseuous char acter than that of any recent period broke out afresh today, depressing prices of estwhile favorites to lowest prices of the year and for a time causing unsettlement in standard se- curities. The decline gathered much of its momentum from the short in- terests. that faction extending its operations into new fields, incidentally adding to the impairmen of stocks which already had suffered severe at triton
 Trading was on large scale and wholly at the expense of values, ex- cept in the last hour, when short GOV ering brought about a partial read justment and moderate recoveries from lowest levels.
 The motor group was the chief cen ter of disturbance. those issued rec ording extreme declines of four to seven points with II for general Motors. while stocks of accessories de two lD lOuI DOlIlS-
 United States Industrial Alcohol struck the new low level of 97. a maximum loss of 92 points since last Saturday, but closed at 103.
 American Beet Sugar yielded only four points, but other issues of the same class lost more.
 Munitions were subject to discour- aging reports regarding the loss or cancellation of foreign contracts. United States Steel lost only substan- tial fraction notwithstanding its larg- CT turnover Among rails. Canadian Pacific. St Paul. Great Northern and Norfolk and Western were lower by one to 11lb points with the same for shipping issues. Coppers were only moderately affected but Mexicans par ticularly petroleum, showed little re- sistence.
 Total sales of stock amounted to 6S5.O00 shares.
 In its more significant features the advance in the bank of England rate fo six per cent. the first rise since August. 1914. when the discount was reduced to five per cent. The change was accompanied by weekly state ment disclosing a further gold con traction S4.6O0,OO0. Free selling of Anglo French 5's was again the note worthy feature of the heavy bond, market. Total sales of bonds, par value, s2.99O,OOO T. s. Bonds were unchanged on call.
 CHICAGO, July 13.-Wheat scored fresh gains in value today owing largely to reports of a broadening European demand. the market al though unsettled at the close was 1-2 to 5-S net higher with July at Sl.00 IS and September III 3-4. In corn the outcome was 1-40S-S to 5-S up. oats were down shade to 1-4Q3-S and provisions unchanged to 1-2 lower.
 Bulls in wheat made confident start influenced by dispatches from Liverpool admitting that enlargement of the call for shipments from Ameri- ca had been brought about as a re suit of misgivings concerning black rust danger in the DakOtas and Min nesota. However, no actual damage from black rust seemed as yet to have been suffered, and predictions OF big yield in Canada tended to cause a period of profit taking sales by holders and to occasion something of a display of pressure from speculative bears.
 Higher prices for new wheat at Kansas City helped to rally the mar ket here as the session approached a close.
 Corn reflected the strength of wheat Unwelcome high temperature and ac- tive demand from the seaboard tend ed to lift oats
 Provisions gave way as result of lack of support. Higher quotations on hogs appeared to be virtually ig- nored
 BOSTON. July 13.-There was a better tone to the copper stocks to- day with offerings rather light. These coppers have been liquidated to a point where they should be very attractive purchases. The bears raided the war stocks and the motor issues and uncovered quite a number of stop loss orders. These stocks