Arizona republican., 1921-10-11
Market News
LRepubIIean A. ?. leased wIrel

developments in the financial. indus trial and commercial markets today found only casual reflection on the stock exchange. Dealings there again consisted mainly of speculative oper- ations in the cheaper oils.
 The strength of important foreign exchanges, especially the British rate. the first increase, although very slight, in bookings shown by the Unit ed States Steel corporation since July, 1920. and new high records of the year by several of the Liberty bond issues were ignored as market factors Other favorable incidents included the years best price for bar silver another advance in copper metal, based on an extension of the recent inquiry and the substantial improve ment noted in business conditions throughout the West and Southwest, with notable growth of railway ton mage
 Money was the one restraining in4 fluence of the day, call loans rising from per cent at the opening to 5h per cent during the intermediate period and to 6 per cent in the final hour. The advance was occasioned by withdrawal of funds from the market to meet payments tomorrow on maturing certificates of indebted ness totalling s26.000. .000.
 The more popular foreign oils. es- pecially Mexicans, were under con stant pressure, as also were rails and the customary leaders among steels, equipments and motors. These and kindred issues were foremost in the wider reaction of the last hour. Sales amounted to 425000 shares.
 Demand sterling at 3.s615 showed a gain of about 61z cents over last weeks final quotation. Buying of bills on London to remit the proceeds of the recent Australian loan here was given as a partial reason for the buoyant advance.
 French and Belgian rates were 10 points higher and some of the other continental rates showed gains of 15 to almost 25 points.
 In the bond market a new high record for Liberty first As at an ex- 1 treme rise of 210 points was the dom inant feature some others of that group also establishing their best quotations of the year. Mexican gov ernment 5s were strongest of the in- l ternational division and Brazilian and Republic of China issues strength- ened.
 Total sales. par value. s16.775.ooo.
 CHICAGO BOARD CHICAGO, Oct 10.-Wheat prices developed some strength today be- cause of the government crop report showing smaller yields of wheat and corn than had been looked for. No ! tice was also taken of bullish com ment as to the we'll sold out condition of the United States wheat surplus On the other hand, houses witt northwestern connections were sellers during upturns, and instrumental il causing reactions. Opening prices which varied from unchanged figurei to ? cents higher. with December S1.10z to s1.11 and May s114% ts s1.15A. were followed by a rnateria setback but then by renewed gains
 Large receipts weakened corn After opening, + to $ cents higher including December at AS to 4s1 cents. the market sagged to beloy Saturdays finish.
 Oats were easier with corn. start ing E to E cents up. December 339 to s3N cents. and later slfowinl slight losses.
 I Higher quotations on hogs gay
 firmness to provisions.
 l BAR SILVER
 NEW YORK. Oct 10--Bar silver foreign. 72Lc; copper firm: electro
 lytic spot and nearby, lac; latei
 13Q 13Ac.
 FOREIGN ENHANCE | NEW YORK, Oct 1o--F'oreign eS
 change strong. Great Britain, de
 mand, 2.S6.