Arizona republican., 1920-11-27
|Mtlrket News

NEW YORK, Nov. 2e-Trading on the stock exchange today presented no material allocation in its salient as- poets from previous sessions of the week, price movements being extreme ly irregular when not actually neavy.
 Apart from the relaxed tone of the money market which extended to bank CTS acceptances and commercial pa per, developments and advices over the holiday recess were again of char acter to inspire extreme caution.
 Grain quotations suffered another sensational decline, other commodity markets were nervous, and one of the most influential of the independent steel manufacturers adopted the lower prices, due to the law of supply and demand"
 Exchange on London was firmer, the improvement coinciding with better ment of the credit of the Bank of Eng land in it's liabilities. Reserves and rate to most other foregn centers, Greece again excepted, were higher.
 Shippings, oils, steels and coppers were the most vulnerable issues. their reactions of to points keeping pace with reduced business, lower prices and reduction of output, especially in the metal industry. Rumor also asso- ciated some of todays selling with the closing out of former bull pools.
 Crucible Steel, Atlantic Gulf and Mexican Petroleum reflected constant pressure with International Paper, Vir- gfnia Carolina Chemical and several of the cheaper rails. Neutralizing fea- lures were restricted to several of the investment rails, notably coalers, also American Woolen and sundry special ties.
 Sales amounted to 735,ooO shares.
 Call loans for the day and into the coming week held at the one rate of 6 per cent and an enlarged volume of business in acceptances and mencantile business in acceptances and mercantile tations.
 Although the new issue of Canadian Northern bonds was quickly taken, the general bond market was dull and heavy, especially for Liberty issues, the second 4As losing 1 point and the fourth 4As large fraction.
 Total sales, par value. $15,725, ,0o0 Old United States bonds were un- changed on call.
 CHICAGO, Nov. 26.-In a general rush to sell, wheat t1mbled today to below $1.50 a bushel, the first time since the world war. The immediate
  banking situation In North Dakota, a break in the cotton market and q new downturn in foreign exchange. British buying of wheat took place on the downward swing of prices but rallies failed to last and the market fell as low as s1.47 a bushel for March de- 1 livery. Opening quotations, which va ried from 3Il cents to cents lower with December s1.531s to $1.561z. and March s1.47 to s1.51, were followed by only moderate and brief recoveries from initial bottom figures.
 Comparative fIrmness was showr later as a result sf estimates that l. l 000 000 bushels domestic grown haC been bought for export by way of tht Gulf of Mexico, making 100000 bush els so far this week. The close wa. unsettled, 8 cents to 7A cents ne l lower, with December $1.52h to s1.53N and March s1.4s to s1.4s%.
 Corn weakened with wheat: Aftei l opening B cents to 1Z cents lower including May at 70A cents to 70& cents, the market reacted a little bu 1 tken sagged again.
 December corn touched the loves point yet since before the war, but tn, market subsequently, showed stubborn l resistance to selling pressure. Tn close was nervous, at k cent net de q cline to ss cent advance. with Ma, T1ss cents to 71h cents.
 I Oats were depressed by the action 0 other cereals, starting Is cents to 2 cents down, May 47% cents to 4S1 cents, and continuing weak.
 An advance in hog values counter balanced to some extent in the pro vision market the bearish effect O i grain decline.
 | BOSTON, Nov. 2e.-The Cornmer cial Bulletin of Boston tomorrow vii say of the wool market:
 ssThe demand for wool has continue within narrow limits during the week Some fine and fine medium origina bag territory wools have been sold a