Arizona republican., 1921-12-16
fRepubIican A. p. Leased wlrel


 NEW YORK, Dec. 15-On a turn over approximating 1000 000 shares, the stock market today moved very generally to higher levels, the rail- way list being the only important department to manifest hesitation or irregularity. Oils, metals, motors, the cheaper coalers and numerous other issues were carried forward by the buying power. The rise was at it's height in the final hour, regard less of call moneys unexpected ad- vance to six per cent. Specific fea- lures of strength embraced various California issues, notably Associated Oil, Standard oil of California and Pacific Gas and Electric at gains of one to almost five points.
 Among other storng stocks were Atlantic Gulf, United Fruit. Ameri- can International, Mercantile pre- preferred, Corn Products and Ana conda, Chile and Utah coppers, these making gains of one to three points.
 Several of the higher priced oils and rails, also secondary rubber and equipment shares were affected by moderate offerings but most reac- tions were retrieved at the storng finish.
 French and Belgian currencies were depressed as a result of the an- nouncement that Germany would be unable to meet fully the separations payments maturing in January and February.
 Paris and Brussels eased about 20 points each and sterling lost one cent on the pound. German marks showed only slight depreciation and rates on the north European countries rose 10 to 20 points,
 The feature of the bond market was the New York city s55, 5,000, ,o00 fours and half per cent 50 year of- 1er1ng. which went to a banking syn dicate on what was regarded as sat isfactory terms to the municipality The general bond list was active and steady, although lacking in especial developments, aside from new high records for the year by both issues of victory notes. Total sales, pal value, SHIFTS ,0o0.
 CHICAGO BOARD CHICAGO. Dec. 15-Grain prices developed strength today largely as | result of gossip that congress would | appropriate funds for the purchase o. 1 15.000.000 bushels of corn and 5000. 900 bushels of wheat for Russian re- lief. Wheat closed strong, l to IF | cents net higher. with May s1.12ss | to $1.12&. and July s1.031k to 1.03H Corn gained ( to $ cents and oat, M to $ cents. Provisions were un. changed to 2ls cents up.
 At first wheat showed a downward tendency because of prospects of rair or snow likely to afford relief iron drought in the southwest. It beins 1 the fifth day of declining prices however. selling was only half heart. | ed, and caution on the bear side Wa. | luther suggested by a drop in re. | ceipts at nothern terminals. Grad. ually attention of traders began tt focus on the possible market effecr of a proposal to expend $20, ,000, 900 tt buy foodstuffs for Russia. Conse. | Quent increase of bullish sentimen
 showed itself first in corn but latel was much more manifest fin wheat | Active commission house buying o
 wheat followed, especially during tn
 last half hour. Reduced crop esti | mates from Canada counted as a fur l ther stimulus at the finish.
 Upturns in corn and oats were al S
 mainly ascribed to Russian relic talk. On the other hand, liberal sale
 of corn to go into storage here. acte
 somewhat IS a counterbalance. I Scattered buying on eastern ac
 count upheld provisions.