Arizona republican., 1921-11-19
IRepubIIean A. p. Leased wire1

NEW YORK, Nov. 1S-Rejection by the house of representatives of President Harding's sur tav recom- mendations, Judge Gary's qualified review of industrial conditions and suspension of the United States in- dustrial alcohol dividend were among developments which prompted mode rate selling in the stock market to- day. The reaction was by no means general, however, as evidenced by the strength of certain issues in the railway, shipping and metal divi- sions. Chesapeake and Ohio resumed dividends and retention of regular disbursements by several of the im- portant merchandising companies was indicative of a more confident feeling in commercial circles.
 Price movements were most con- fusing among oils, steels, equipments and motors, those issues showing mixed gains and losses. Specialties of the paper, leather, tobacco and utility types eased irregularly in the absence of front pool support. Sales amounted to 900.000 shares. E For the first time this week the money evinced a tighter tendency. call loans rising from their opening rate of AZ per cent to 51s per cent in the final hour. This was unex- PCtlcQ III VIEW Ol tuG tetSltT lOfA6 Ol time funds for the shorter dates.
 Domestic rails and Mexicans were the strong features of the bond mar ket, together with utilities, notably the new issues of the New York Tel ephone company. Most of the Lib- erty and Victory issues also showed improvement over recent quotations. Total sales. par value, ST. 0,000.
 CHICAGO BOARD CHICAGO, Nov. 1S- Uneasiness over reports of crop damage in Ar gentina and Australia had a bullish effect today in the wheat market Prices closed firm at 27s to SIS net advance with December $1.0SN to $1.0Sss, and May $1.11% to s1IfK Corn gained to IS to 15 and oats l to 1 A.
 Crop damage in Argentina was at tributed to locusts and in Australia to a hot wave. With deterioration thus affecting both the important wheat producing countries of the l southern hemisphere, the wheat | market throughout the day eyinced a | decided tendency to soar, for bears | of late have put considerable stress | on prospects of a good yield in the harvest now at hand below the equa- tor. Another stimulus toward higher l P4 ACtS was NllG SCdhllIlCSS O1 receipts. The amount of grain in | transit in the northwest, especially, was said to be the lightest at any | time this season. Word of snow and ! rain at many places failed to check l the upward movement. The fact that | 10 loads of gulf wheat had been | taken for export at one cent better | premium than yesterday helped tc inspire confidence among buyers.
 Government plans to assist in f. l nancing the domestic corn crop were ! given increased attention in the corr l and oats trade. Corn in particular was more in demand. One authority estimated that before the end of the crop year the country would face g 1 shortage of 250,000.000 bushels oi corn and oats combined.
 Provisions tended upward witt
 hogs and grain
 COMMERCIAL BULLETIN BOSTON, Nov. 1S-The Commer. cial Bulletin tomorrow will say: 'The domestic markets report l;
 steady trade with prices showing {
 tendency to strengthen, best fin,
 staple domestic wools being quoatbl'
 at S5Gs0 cents, clean basis; whil
 medium and low grades are slowl!
 growing stronger. The goods mar
 ket is still very unsettled and nev
 business is reported very slow witt
 the garment workers strike in Nev
 York, further complicating matters.
 Secured basis: Texas fine
 months. 70q75; fine eight months
 60G65-
 Territory: Fine staple choice S2Qs7; half blood combing. 70973 ss blood combing. 50655: k bloc
 combing, 40@44; fine and fine me
 dium clothing, coo G5: fine and fin
 medium French combing. 65 | Pulled: Delaine, s01S5; A. A., 72e
 IS: A supers. 60Q6S.
 Mohair: Best combings, z3G 30 best carding, 22@25.
 DUNN'S REPORT
 NEW YORK, Nov. 1S-Dun's to |, morrow will say:
 With a continuance of ructuatin
 demand, progress toward better bust : ness is gradual and even Seasons , influences as usual at this perio now begin to cause increased activi 1