Arizona republican., 1920-12-18
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NEW YORK, Dec. 17.-Speculative issues of the more vulnerable class were singled out for further price de flatoin in the stock market today, their weakness being attended by develop ments which stressed with increased force the prevailing reaction in trade and industry.
 Foremost among these stocks were those comprising the sugar group. in which gross losses of to s points were precipitated by the passing of the common and preferred dividends on Santa Cecelia and other declines in the quoted price of the industry.
 Heaviness accompanied the trading in coppers, independent steels, except ing Crucible, and several of the oils, shippings, utilities and textiles, as we'll as miscellaneous shares of the type represented by Sears -Roebuck, rumor associating these and affiliated issues with prospective dividend re- vision or suspension.
 The better class of rails and indus ! trials including those in a strong fin ancial position, moved within restrict ! ed limits their uncertain trend result | ing mainly from the lack of more than intermittent or tentative support. Average prices were lowest in the final dealings on the relative firmness of call money. which ruled throughout the session at per cent as against the recent minimum of per cent This invited an extension of the short interest in steels, rails and oils, losses predominating at their close. Sales amounted to 675,000 shares.
 Foreign exchange offered the one Interesting feature of the day, the British rate rising to highest quota &s .lv- E1fxv ing of sterling bills for year-end ad- justment of payments in London Rates to the continent with few ex- captions also were firm to strong.
 The investment demand for bond: fell away, with consequent easing O prices for most domestic issues, in cluding the Liberty group. Total sales par value, aggregated $23,875,000.
 old United States bonds were un changed on call.
 DUN'S REPORT NEW YORK, Dec. 17.-Dun's tomor row will say: The signs of bettermen : in business, if outnumbered by tn unsatisfactory features, are becoming more distinct. A change is seen il certain primary textile branches where the movement is freer and som buyers in the leather trade as show
 ing renewed interest Whether tn indications of improvement mark
 definite turning point in the lines af fected is not clear at the moment, bu the symptoms are encouraging. ! That a solid basis for recovery ex ists is a conviction strengthened b 2 the weeks crop estimates. disclosin . unusually abundant harvests and tn . powerful banking resources and bette | transportation facilities are importaI r constructive factors.
 Weekly bank clearings, S7S96
 156,431.
 II Chicago Markets q CHICAGO, Dec. 17.-Active buyin
 on the part of houses with seaboaI
 connections brought about a materi advance in wheat prices today. f was inferred that the buying was s, remove hedges against export sale , Upturns in foreign exchange rat, i, tended also to strengthen the whei = market and so, too, did reports of q ,i effort to rush a wheat tariff ii ' through congress. Opening quotation
 advance, with March S1.59iz 671 50
 and May SI.52 F G01.54, were follow,
 by decided gains all around.
 Corn asoended with wheat. Aft
 opening unchanged to 5sc higher il
 cluding May at 6S@6S15c. the mark
 scored a moderate general upturn. u Oats were firm. influenced by t N strength of other cereals, starting
 off to 4c up, May 465s G4TAc. al
 then hardening for all deliveries.
 Provisions reflected advances bo Y, in grain and hops