Arizona republican., 1921-08-20
Market News
fRepubIlcan A. p. Leased wIr.1

tHepupiCan A. v. Leased WlreI
 NEW YORK. Aug. 1s-Trading on the stock exchange today retained most of its recent irregular and pro- fessional aspects. Investment shares were fairly steady. but speculative issues again lacked support.
 Apart from the money market, in which perceptible relaxation was ob- served, developments affecting quoted values were unchanged. Sales amounted to 425.o00 shares.
 For the first time since the early days of the month. call loans on the exchange opened and renewed into the coming week at 5 E per cent In the open market funds were available at per cent. Bank acceptances also eased and commercial paper was in better request.
 Dealings in foreign exchange were perfunctory and again influenced by London. where German interests Were reported as heavy purchasers of American bills. French. Belgian and Dutch rates moved favorably to this market. More German gold for ac- count of reparation was received and deposited to the credit of Great Brit ain and Belgium.
 High grade railway bonds were firm to strong. but convertibles eased
 
 dustrials were not materially affectsJ by the heavy tone of related stoeks. Liberty bonds reacted on another sharp decline in the 3iks. but most foreign war flotations were inclined to harden. Total sales, par value. ts.- 175.000.
 According to board room gossip no small part of the further liquidation er1anated from abroad, notably Lon don.
 Selling continued to center around equipment. sreel. motor and shipping shares st gross recessions of one to three points. Specialties of the food. tobacco. feather and paper varieties fell back to the same degree and a few miscellaneous issues sustasIs,l greater losses
 BRApsTREET's REPORT
 NEW YORK. Ads. n Bradstfeet' tomorrow will say: Ire moderate gain noted last week in wholesale and jobbing trade in wearing apparel lines for fall mas been fully sustained. and there seemed to be a further accent uation of the optimistic feelirs. In some lines. notably silk goods. shoes. canned goods. raw wool and iron and steel. the movement has progressed beyond the DO nit of mere feeling and has found expression in larger sales al higher prices. notably in this respect being pig iron and scrap materiai and canned and dried foods. In no ease has the expansion assumed big pro- portions. and there is no eviderce of any reduction ir. the caution with which purchases are being made. In fact the phrase immediate needs" is more frequently met with than any other words descriptive of the vo tune of buying. However. the adyarce ot the season. the rather better tone of crop advices. the fear or the abs9- lute knowledge of small stocks held in distributors hands and the loosen- ing up of credit consequent upon the less tense condition of the money market. all make for rather more confident tone in purchasing. Bark ciearings, s5.sHs sos. 900.
 CHICAGO BOARD CHICAGO, Aug. 19-Wheat prices showed more steadihess today than ! has been the rule of late Export buying was noted at Ac better than paid heretofore and general trade ap- peared to be somewhat broader 1 Country offerings were light. Open ing quotations, which varied from unchanged figures to izc higher, with l September s1.16%4 to S1-19 and De- cember s1.171z to s1-1S. were followed
 
 rally to about yesterdays finish. 1 Corn lacked support. After open- ] Ing y4c off to Sc higher. includins l September at 52 to 52is. the market underwent a general sag. Oats developed a little firmness owing to receipts being smaller Prices started lk to AsG %c lower, but then 1 scored slight gains.
 Absence of buying weakened pro- visions despite an upturn in the value of hogs.
 COMMERCIAL BULLETIN ! BOSTON. Aug. 1e.-The Com mercial Bulletin tomorrow will say:
 The demand for wool has been less pronounced during the past week i but there is still a healthy volume | of business being done and prices are readily maintained on the basis of last weeks quotations. The out look in the goods market is encour- aging.
 | slight Improvement is noted in the foreign markets, with prices l somewhat higher on the best types of the finer wools in Australia English top makers have advanced 1 foundations slightly in sympathy.