Arizona republican., 1920-08-14
News;

| market gave an impressive exhibition of strength today. Final prices were one to seven points higher for many influential shares. The rise effaced the greater part of the weeks early loss and carried many leaders well above last Saturdays close.
 Buying had it's origin in the opinion that the market had been iduidated and that a turn for the better had set in. Inquiry embraced practically the entire list. The steels, oils. chemicals, ship pings equipments, tobacco, motor, rub ber textiles and high and low priced railroad shares were purchased on steadily ascending scale.
 When SpeculatorS for the decline be- gan to cover they found stocks scarce and were forced to big up prices rapidly to secure a sufficient supply Total sales approximated 4oo,ooo shares.
 Foreign news was relegated to the back ground as g. factor, and there was more inclination to take account of the strength of sterling and the plenti- full supplies of call money for specu- lative purposes.
 Reports that the long pending mer- ger of various chemicals corporations would be completed, and the declara- tion of a 200 per cent stock dividend for the Standard Oil company of New York were additional stimulating infiu-
  l railrc ad shares was attributed to pur- chases by investment interests. 1 Bonds maintained their recent un- even course. Foreign issues were well sustained but Liberty and Victory liens continued to give way. Old U. s. gov ernments were unchanged on call. Total sales, par value. $7.500.000. | CHICAGO, Aug. 13.-Grain markets all headed downward today owing l largely to prospect of an armistice. Wheat closed heavy, 3Ac to 4c net lower, with December $2.41 G2.4114 and March $2.44. Corn finished s to 33s c down and oats off 15c to 11sc. In pro visions, the outcome was an advance of 1 10c to 32c
 Before the outlook for an armistice became a ruling factor, the wheat mar ket for a. brief time showed a tendency | to rise influenced by signs of export business on a liberal scale. Then came definite news that Russian and Polish delegates had arranged a meeting to | take place at once. quick break in values followed and subsequent rallies failed to last Notice that the port oi Galveston was congested with grain and that railroad loadings there had been stopped counted further against | the bulls and so too did word that the
 British royal commission had agair
 withdrawn from the market a, buyer
 The close was at virtually the loves
 
 mistice talk had a bearish effect or corn, despite reports of a frost in north
 ern Nebraska. Oats eased with corn
 Export sales of lard together witt
 higher quotations on hogs lifted pro
 visions.
 NEW YORK, August 1s.-Brad
 streets tomorrow will say:
 Trade is still highly irregular witt
 varying degrees of activity or the re
 verse thereof, revealed as differen
 lines are considered. On balance ther is little more to be said on the cheer ] ful side and although uncertainty rule in many lines, there are evidences that some establishments have beel fairly completed, while others ar only beginning. Generally speaking
 the apparel trades. so- called. are a the opposite pole of activity am . strength of prices. On the favorabl 1, side are to be placed good crop re
 ports, q turn for the better in trad l distribution by jobbers in the south | west, where excellent crops have bee gathered or are in prospect, and | slight broadening of demand for ra1 ! wool. The reverse of things favora bl is found in the maintenance of hig | money rates on time rates due to in : creased crop movement necessities ] the reduction of dealings in stocks du > to unsettled European political con - ditions and low exchange rates wit a slight shading of strength in indus trials, many of which reveal new lo'
 levels.
 Weekly bank clearings s7.611, e BOT OOO