Bisbee daily review., 1917-02-08

NEW YORK. Feb. 7.-The conflict ing and shifting movements attendant upon today's operations were in them selves evidence of the increasing un- certainties arising from the interna- tional situation.
 Shares Of the numerous companies which are likely to derive additional revenues from the sale of war pro ducts were again brought forward. while rails evinced greater heaviHess on the recurrence of liquidation con- monly accepted as emanatins from Teutonie sources. This view was re- flected by tbe weakness of Canadian Pacific, a former favprite Of the Der lin bourse. which made a gross de- cline of 6Ik to l4S1a. it's lowest price in almost two years. Minor rails were in light demand.
 Specialties were at their best dur ing the early part of the session, los ing virtually all their advantage in the later reversal in rails. U. S.. Steel closed at a net loss of IS points after having shown an actual gain of a point
 Changes in other industrials, cop pers and various unclassified issues were greater, in the forenoon gains of from 3 to points being substitut- cd by net losses of l to 3 points, all the activity of the last hour being on the down scale Total sales 935o0O shares.
 The extraordinary strength of eX- change rates on Berlin. cables advanc- ing 10 70 in the afternoon, as against yesterdays rate 67s seemed confirmatory of the report that Ger man interests were selling securities here and remitting the proceeds home Vienna exchange hardened sympathet ically and sterling, slightly easier at the outset. made complete recovery.
 International bonds were again ir- regular on the new low record made by United Kingdom 512's of 1921. To- tai sales, par value. s3,570,000.
 [. s. government bonds also moved uncertainty. the four's advancing F percent and Panama 3's declining that much
 METALS MARKET
 NEW YORK, Feb. Lead Sls; spelter steady. spot East St. Louis de livery 10lz. Copper nominal, second and third quarters 90 at 32l4. Bar silver 77lk.
 CHICAGO GRAINS
 CHICAGO. Feb. '. - Activities of German submarines caused sharp breaks in wheat values today. The market closed unsettled at the same as yesterdays finish 10 four cents lower. with May at 1694 to ITO and July 146lk to L4624. Corn and oats showed virtually no change as com pared with 24 hours before. The out come in provisions was setback of 7ls at 10 to 5215 cents.
 Downward swings in the price of wheat began as soon as trading open ed. and they attained their greatest force shortly before the end of the day. Trade authorities seemed unan- imously Of the opinion that the whole sale destruction of-vessels had check ed export business and was turning speculators to the selling side of the market. Some bearish leaders even suggested that after all this country might still have a liberal carry-over of old wheat and when the first re- ceipts Of the 1917 crop were availa- ble. Stoppage of shipments to neu- tral countries appeared to be almost complete, and there was no evidence of any fresh business with the enten- te allies.
 Corn showed much strength in the face of wheat weakness and of selling on the part of prominent longs. Oats merely reflected the action of corn.
 Provisions were governed largely by. the course of the hog market.