Arizona republican., 1920-09-04
Market News
rRenubllcan A. p. Leased Wirel

NE WYORK, Sept 3-The approach
ing protracted holiday left its impress
sion upon the stock market today deal
ings falling away to marked extent
during the forenoon when traders were
most intent upon converting their
profits into cash.
Bears evfnced little disposition to eX-
tend their commitments in spite of
these maneuvers, developments OF the
session. particularly the greater ease
of money and impending extensive gold
imports offering little inducement to
the short account.
Not all the days advices were IA
vorable, however. Cables from Brazil
suggested economic disturbances IN
that country, while the weekly surveys
of trade authorities against stressed
cancellation of orders in many branches
of business.
Rails forfeited little of their recent
advance but yielded in prominence
to favorites of the industrial division.
These included food chemical, paper
and metal issues. in which some gains
assumed substantial dimensions and
denoted the renewed activity of pools.
Among the seasoned stocks oils of
the higher grade were most favored,
notably Mexican, Pan American and
California petroleums, Houston oil and
Texas Company. Coppers were NOR re-
sponsive to reports of prospective sales
| for exports, but steels and equipments
l
Sales amounted to $4,000 shares.
A per cent opening rate for call
loans running into next week and
later quotation of 6 per cent for the
| same accommodation testified to the
| further relaxation of money.
! Buying of railroad bonds continued
with firmness in Liberty issues and the
| foreign group, especially United King
doms of 1887. Total sales. par value,
amounted to s9,750,O0o. Old United
| States bonds unchanged on call.
Dun's tomorrow will say:
without stimulus of general bust
ness revival, confidence has increased
and the future is more favorably re-
| garded Sentiment is susceptible 10
/ quick fluctuation in the reimbursement
period. being responsive to day TO- DAY
| DEVELOPMENTS. but the fundamental sit
uation has been strengthened by the
| price yielding and the Improvement in
| TRANSPORTATION and some basis for bet
| ter feeling exists. While commercial
| reverses remain at the higher level re-
Gently established. as the August fall
ure attest. there is an absence of the
serious unsettlement of which some peo-
! pie had been apprehensive and the out
/ look seems more reassuring as the
| weak spots are steadily reduced. Rea-
| sons for conservative action, however.
have not disappeared and the policy
| of leading interests remains one OF
| holding commitments within the limits
of safety and avoiding undue specuta-
| tive risks. Divergence of opinion con-
corning prices. although not reflectine
doubtas to the current movement OF
most commodities tends to restrict OPP
erations, many buyers and sellers being
apart in their views and demands for
further wage increases have compn-
Gated conditions in some industries
Weekly bank clearings. $780,, lSS,fO4;
| BOSTON, Sept 3.-The Commercial
Bulletin tomorrow will say:
THE outlook for the wool market Is
considered by many in the trade te
be little brighter. result OF the
announced resumption by the American
! Wooden company. Sept. 10, and the
continued strength at the London CO.
lonial wool auctions. Rather more IN
terest has been shown in the marke'
here also but at low prices
1.-The foreign primary markets are OF
fering some low priced woods and hftit
, wool is moving from the west on sale
, as well as consignment.
Secured basis: Texas, fine Il months
145m15o; fine months, 125 a $50.
Territory: Fine. staple. 1850 100: !.
! blood combings. 1400145: "a BLOOD
. combing. 90m95: q blood combing
! 7O675: fine clothing. 125d130; fine
medium clothing. los G11o.
Pulled: Delaine. 1907 155; A. A, 1850
| 40; A. superiors, 95G1oo.