Arizona republican., 1920-11-13
Market tNegS

NEW YORK, Nov. 1z.-Quoted values in the stock market continued to crl1nble today selling for both ac- counts in which voluntary liquidation predominated carrying the list to low est levels of the year.
 In several noteworthy instances to- days prices were the lowest for much longer period. United States steel declined to S2S, an extreme loss of 1ss points and the minimum since 1917. Many popular shares were 70 to 40 points under prices or lew months ago.
 Gross recessions of to 10 points for the session marked the active of- ferings of shippings, equipments motors, oils and various specialties whose rise and fall are involved in the movements of the more distinctive issues.
 Aside from the money market in which yesterdays promise of greater ease was not fulfilled. there were no new developments or happenings to account for the further collapse of the | stock market
 There were rumors of a pessimistic nature dealing with general industrial and commercial conditions. Tnese as- supned a degree of plausibility from the further reduction of output in the textile and allied trades. the failure of a local silk commission house and the dismissal of some 1900 men by the Pennsylvania railroad at Altoona, Pa | Selling of stocks was at its flood | in the final hour. the reaction then engulfingdividend paying rails, espe- cially Pacific and coalers. Reading | making a net decline of 6B points. Other net losses of 3 to 5 points included Bethlehem. Baldwin. Atlantic Gulf. American International, Marine, preferred. Northern Pacific. Southern Pacific and Canadian Pa Electric overtopped the. list, losing 6% and 9 points respectively. Sales amounted to 1,250.000 shares. Bonds were especially affected by the break in stocks although all Liberty issues and various convertible rails eased Sales. par value, $13,620.00o. Old
 United States bonds were unchanged on call.
 NEW YORK, Nov. 12.-Bradstreets
 tomorrow will say:
 Price establishments are going for
 ward with. if anything, rather more
 celerity and these. where accompanied
 by cool braeing weather have induced 1 a large distribution of seasonable
 goods, notably wearing apparel The
 evidences of improvement are not very l broad nor very deep and immediate
 needs seem to govern most buying
 Briefly summarized. wholesale and
 jobbing trade is slow to fair. retail
 slow to fair. and manufacture and in
 dustry show a further slowing witt
 either an increase of unemployment
 or an extension of short time in goins
 operations The selling campaigns in. , augurated by large wholesalers ant jobbers some weeks ago have me
 with a moderate degree of success
 Weekly bank clearings $S.44s. s.500.000 BOSTON. Nov. 12.-The Commercial
 Bulletin tomorrow will say: There has been a slight increase il the demand for wool in the American markets this week. but generally a , the expense of values. Some choic'
 Ohio delaine is reported sold about 6 r cents in the grease and some Montani fine and medium wool in the origina f bags at about 32@33 cents.
 "The goods market is stiI1 unsettled
 although it is hoped that with the ter
 imitation of the wholesale clothierf
 agreement on prices for suits on No
 vember 15, and overcoatings Decembe
 1. that prices will be substantially re ! duced by wholesalers and retailer . alike to the end that improved de mand may be induced from tn ultimate consumer"
 Secured basis: Texas fine F month . eoc@s100: fine eight months 75Q75, e Territory: Fine staple sLoo91.1 e half blood combings 9o@e5c: ss bloc [. ing. soc; fine clothing, S0@90c; fin ], medium clothing. 65475c.
 e Pulled delaine 90m95c: A. A.. s5s . goo; A supers. 60@65c.
 Mohairs: Best combing, 40@42c l. best carding S3@s5c-