Arizona republican., 1921-10-21
tsspubilean A. p. Leased wlrel


 N1M YORK. Oct 20.-Tbe stock --,e et was firm to strong during - oA today's session. Develop - .n tne railroad and general in- .-s..4t -. .4t situation prompted further leiiaent of short contracts.
 e~-s became more cautious be- s--se ct the punishment meted out to - -. in the sharp recoveries of Pull '---A and American Sugar preferred. N-i contradiction of unfounded rumors. AAtiinAtionS from well informed sources that rate reductions on food suns and other commodities prob ~oAy would precede any cut in rail- f1.ac vases indicated active measures NNre being taken to avert the threat cne6 strike.
 Cransportstions held their gains of sne last few days and in several in s-AuceS these were augmented by the cnf1pcr rails. as well as equipments but stccls reflected the poor state ment of the Republic Iron and Steel company. those shares showing fur ther depression.
 Food shares were strongest of the S7ecialties. almost every issue in that division being stimulated by the inn rrovement in sugars. Among the less .ciStirctive miscellaneous stocks those of apartment and chain stores were in demand
 Aside from General Asphalt. the strongest feature of the final hour foreigu oils showed no definite trend, Mexican Petroleum occasionally giv- ing way to pressure. Domestic oils. however. continued to harden on hiEher prices for crude products. Sales. @e5.oo0 shares.
 No obstacles to the markets better racut was presented by money or for xign exchange. Most of the days call acans were placed at 4 per cent on the exchange and as low as 31. per cent in the open market. British rates were at the highest for the cur rent movement and continental quo- . sations strengthened.
 Bonds were relatively dull, but there were few exceptions in the do- mestic and foreign divisions to the hi=her trend of prices, convertible rails again leading. Total sales. par value. SiS.S5o.oo0.
 CHICAGO BOARD
 CHICAGO. Oct. 20.-Bulls had some advantage in the wheat market most . of today, owing more or less to pre- dictions which were current that a general railroad strike would yet be averted- Cpturns, however, were not well maintained. Prices closed unset lied ar the same as yesterdays fin sSh to a half higher, with December SI.ss4 to sI.04 and May S1.0S1a to SI.0SA. Corn gained ss to $ cents and oats % to iz cents to E cents ln provisions the outcome varied from 15 cents decline to Is cents advance.
 InaSmuch as the prospect of dis nStrous complications from railroad strike has been | erhaps the chief de- pressing factor in the wheat market of late. developments indicating tha' a settlement might be reached led tc n little more confidence regarding the buying side. Talk of important prob able reduction of winter acreage reunited also as stimulating factor On the other hand, though. hopes O . better export demand proved to o' m aSory. and Canadian wheat contin ned to get the preference from Eu rope. Advices. too. telling of conges tion of terminal facilities at Balti- more and with scarcity of storage room at Chicago, Kansas City an' Galveston. declines after mid -da' carried the market down temporaril, to a new low price record for tn season. Covering by shorts, never theless. rallied the market again a the last
 Improved shipping demand helpe give firmness to corn and thu through sympathy strengthened oa' as well.