Arizona republican., 1921-10-04
Market News
rRepubIlcan A. p. Leased wIre1

IRepubIlcan A. p. Leased Wire1
 NEW YORK, Oct. 3.-The stock market was hesitant today, favorites moving within restricted areas, while specialties continued to denote the increasingly doubtful prospects in- dicated in the less essential lines of industry.
 Foreign and domestic oils were firm to strong especially the cheaper or low grade shares, these deriving their better tone from the higher prices quoted for crude products. weeks gains under what seemed like pool operations.
 Rails, excepting coalers were unus- ually sluggish and many of the mot or, chemical and food issues showed progressive weakness. incidentally establishing low quotations for a year or much longer period Con- specuous features of the later class embraced American sugar. common, and preferred, Cuban cane, preferred, Cuban American. preferred. and Pierce Arrow, preferred, at extreme recessions of one to about five points. Sales amounted to 535, 900 shares.
 Advices over the weekend were mostly of an encouraging tenor. Rail- road tonnage moved more rapidly to market and western and south western financial centers reported gradual growth of confidence in the business outlook and expansion of investment demand.
 A firmer tone was evidenced by the local money market, call loans open ing at 1-2 per cent, presumably in consequence of last weeks deficit in clearing house reserves. On the very limited inquiry, however, the rate fell to five per cent at noon.
 London furnished higher level of exchange rates to this market. although Italian and Belgian bills reached here, marks also falling to within point of their low record Exchange on Greece weakened in connection with the more adverse economic conditions in that country
 Heaviness of French and Belgian war issues, also Mexicans and Cuba cane sevens detracted from the strength of the bond market. Liber- ty 1-2s which Jagged in the recent rise of that group. were active and strong. Total sales, par value, $11,- 735, ,000.
 CHICAGO, Oct 3.-Bears had an advantage in the wheat market today owing to absence of any sign of inn proved foreign demand Besides. do- mestic buyers showed a disposition to await some decrease in the visible supply total Rallies failed to hold. Opening quotations. which varied from unchanged figures to Ac. low CT with December at 1-17 to IT 1-2 and May 1.21 to 1.22 1-2, were follow ed by material declines all around, but interrupted by one upturn to slightly above Saturdays finish.
 Large receipts here weakened the corn market. After opening shade to 3-sc. lower. including December at 4e to 491sc.. prices hardened some what and then sagged again. Oats were easy with other grain. starting Ac. off to 1sc. up. December -3s to 361k and later showing slight general decline.
 Upturns in the value of hogs gave firmness to provisions.
 METALS
 NEW YORK. Oct Stopper steady; electrolytic spot and nearby I12x a 12H: later 12%. Tin steady: spot and nearby 2s.s7: future 27.oo. Iron steady: No. 1 northern 21.oo a 22.00; No. northern 2o.50 a 21-oo: No southern 1850 a 20.oo. Lead firm; spot 4.7o . ATS. zinz stesdy: East |. l@OulS QtAftly cR0h --~N' Anthony spot 500 at 5-25- MERCANTILE PAPER NEW YORK. Oct 3.-Call money firmer: high h: low 5; ruling rate 51h: closing bid s: offered at 51e :: last loan 5. Time loans steady: so days and go days 5A F: six months 51z. Prime mercantile paper 51z a F..
 Potatoes steady; receipts. 1s3 ears; total United States shipments. 1.32S; Wisconsin White and Minnesota and North Dakota Red River Ohios sack ed and bulk, s1.9o@2.0o cwt-; Maine cobblers. $40 cwt: South Dakota Early Ohios. s1.75@1.eo cwt. KANSAS CITY, Oct. 3-Butter 1c higher: creamery. 44c; packing. 24c Eggs 1c higher: firsts, ssc; seconds
 26c. Poultry, hens. 15Q21c; springs 19c; broilers, 2Sc-