Arizona republican., 1917-06-21
FINANCES AND MARKETS

TRepubicsn A. p. Leased Wire1 NEW YORK, June 20.-(Wall streeD. -Widrawal of public participation, an advance in call money to 6R per cent, the high rate of the year, fresh com plications in the foreign situation, and unfavOrable weather over western and southern agricultural centers accounted in varying degrees for today's further impairment of quoted values.
 The higher money rates extended to time loans and one-day discounts by the local federal reserve bank, which were raised from ? to per cent.
 Declines were again most severe in speculative issues but embarrassed all divisions of the list, including rails. Prices were distinctly firm at the open ing. but heaviness soon developed on persistent offerings of steels. coppers. oils. sugars and numerous unclassified stocks
 United States Steel declined from F, it's best quotation of the morning, to three points under that level.
 Tn the final hour United States Steel led the active list in a general recovery of 1 to points. Total sales 925,000 shares
 Receipts of another s11, 1,O00,0O0 in British gold. hardening of fires and rubles and a slight shading of francs were the feature of the exchange mar ket.
 Bonds were heavy. Total sales. par value S2 260000. Liberty bonds held at nar for full lots and other United States issues were unchanged on call.
 CHICAGO GRAIN CHICAGO. June 20.-Reports that President Wilson was likely soon to exercise his power to place an embargo on grain shipments that might reach Germany through neutral countries led to heavy liquidating sales today. espe- ciallY in corn. Prices for that cereal closed nervous. x to cents net lower Wheat also declined finishing to down with July at s2.O1 and September at $1.S0. Oats lost A M B to 1A. Pro- visions gained 21% to 15 General unloa ding hy holders of corn accompanied the talk of a probable sudden enforcement of embargo regula- i tions. It was said that recent unusually large nurchases of corn for European neutralS has aroused suspicion and ! that the new authority of the president l could provide an effective bar to any 1 of the proposed shipments falling into hands that were hostile to the United | States. Rains that broke a serious l drought in north Texas and in Okla | IiOIfd cOuHleu lO some eAleHI III IuT- | ther weakening the market. Hedging sales from the southwest l had a depressing effect on wheat. New 1 crop offers increased rapidlv, but buy 1 CTS were scarce except at relatively low 1 figures Crop prospects continued to | improve. Rains in the spring wheat re- 1 zion were deemed of particular advan- 1 tage to the bear side of the market i Oats were chiefly governed by the l same influences that ruled other grain l especially corn. Seaboard houses bought 1 oats on the decline.
 Assertions that the Belgium commits l sion were seeking offers helped to i strengthen the provision market Up- turns in the value of hogs were also Of some assistance. Close:
 Wheat-Tuly s20.1; Sept, s1.So 1 Corn-.Tuly, s1.521a; Sept. s1.41h. Oats-Julv. 61 %c: Sept. 52c. Porl--.Tulv. s2s so: Sept. s39.15. Lard-July, $21.65; Sept. s21.S5.
 Ribs-July. s21.30: Sept, s21.47
 LIVESTOCK
 At Chicaoo