Arizona republican., 1921-12-11
tRepubIican 4. Leased wIreI

NEW YORK. Dec. 10.-Opinion in trading circles was rather mixed at the opening of today's brief session, but the market soon turned strong to Inc discontinue of shorts. who GOV cred extensively before the active close Coppers, equipments and oils were features at gains of one to three points. Motors. shippings. rubbers. tobaccos and miscellaneous stocks of the more speculative variety followed leaders at less substantial gains.
 Rails alone were sluggish, many representative issues remaining un- quoted Their backwardness was at tributed to official reports disclosing an increase of idle freight cars. Sales. 4Se. GOO shares.
 Sentimental factors in the days movement included the strength of foreign exchanges. some of which were at maximum quotations since the signing of the armistice. and an nouncement Of the terms of the -four power treaty.
 The November. tonnage report of the United States Steel corporation showing q small decrease in bookings compared with the previous month and weekly reviews of trade condi- .iors by the mercantile agencies couprased the other developments.
 Trading in bonds was broad. but changes were irregular. Liberty is sues again denoted realizing for profits. while transportations reflect ed pressure in the share list. Total sales. par value. s1o.s75.o00.
 Actual decrease of s2S 500, 900 in clearing house loans and discounts was something of a surprise in view of the supposed drain on local re- sources during the week. A cash A- -nn serves to slightly less than s10,Soo,o00.
 CHICAGO BOARD
 CHICAGO. Dec. 10.--In a heavy market grain prices sagged and pro- visions barely held their ground here today. At the finish wheat was $ fc 1x cents net lower, corn was off zs to ss cents and oats were 1s to T. cents lower. Pork and lard finished unchanged, but ribs lost two and one Ealf points.
 Wheat started with a weak under tone and there was an early break when a trade rumor of a moratorium in Germany was denied. The drop attracted some buying, but the trade fell away and the second hour saw little variation in prices. Just be- tore the close shorts covered on re- ports of a stronger cash market in Winnipeg coupled with adyices that Argentina returns indicated about a normal crop instead of the big yield that some traders had looked for. This movement was short lived and prices sagged again at the close.
 Corn was under pressure but re- sisted fairly well because of contin- ued export demand and the fact that outside markets were outbidding Chi cago in the cash market. The sellers Eointed to increased country offer tngs and predicted increased arrivals TOT next week. Oats were a bit duller than is usual for Saturday and mere iy followed corn.
 Provisions were quiet Only few scattered holdings were offered.
 WEEKLY FINANCIAL
 NEW YORK. Dec. 10.-Interna- 4Fonal credits assumed a commanding position in the financial markets this week on the buoyancy shown by al lied exchanges. The question of Ger man reparations became a dominant issue. authoritative advices pointing more directly to 0 readjustment oi such payments.
 official figures for the first eight months of the year showing the enor- nous increase of French imports to Germany and developments in the