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Show k Jgf NATION ON READJUSTMENT BASIS MARKET SHOWS Jpf tAM NEW YOKK, July 31. Events of ijf JM the week In Ihe financial tnarketu "H nocm to offer cumulative evidence thut W "x ,n'' country Is entering un another and ' Wpie-- more comprehensive phuse of jjost-bel-luni readjustment, (stocks experienced Jmi anothei period ol liquidation In which many popular Issues fell to the year's jyj-J lowest levels v. hlle I tilted Bt itea steel JVJkB rewiHterod Its minimum price for ul- f ' JjM most two years. 1 The setback extended to bonds, for tJKfH which tho early July Inquiry seemed HPD to have suddenly ceased Many pre- ratiH War )iigh-gr.iile railway and Industrial fwHflftl iBSUeS uf accepted ulue suffered also. kJVBI .Much of the reversal was retrieved SnHS later in the week, encouraging Mews frlKaM "f Governor Harding of the federal j 'FjH reserve board respecting the future ?wSi credit situation, causing heavy cov- lufjEI crlng. 'vj5gH Lnfavorablo Industrial conditions -x!bbm entered largely into the calculations SpWB of a confident short Interest while the, -13? market was reacting 'J JB Foreign affairs bulked large on the . " H financial horizon, exchange on Iondon falling to the lowejt quotation In over !v'B four months as a direct outcome of l ho Russo-Feltsh situation and the ' LV more acute Industrial conditions lu - 1 Bnffland. jM American bankers are negotiating .H for the underwriting of several Euro- pcan loans, chiefly of a refunding sfl character, j M CHICAGO LIVESTOCK. I fcfgB CHICAGO, July 31. (United States 1k9 Hureau of Markets) Cuttle IteceiptSj ' 111 15UU, compurcd With a week ago; tjrHflfl choice corn-fed oteers mostly 25 to 60c , 'JcH higher; strong vcli;hl strengthening most; graasera very uneven, averag-j 4$fl ing 75c to $1.00 lower, best sho-stock . MTn fclow, 50c lower i in-between kind Ir- ;BcM regular, 75c to $1.25 lower; runners' lo t(c owor' hnndyw eight butcher' hulls 25c lower; others declined 60 to yi&M 7bc; calves 6trong. 25c higher, stock- KtRtPjl ers draggy 50 to 75c lower. '' Hogs Receipts 4600 lti;ht and light butchers steady at yesterday's best ife'cB time; others ulow at yesterday's close; nv?gal Hgbt and butchers $.16.0016.00; top 116.15; packing sows $1 3 . 40 14 .00; plgS firm. Sheep Receipts 3000; mostly direct, di-rect, compured with Week ago F-.it lambs 75c lower, fat ewes 25 to 60c 'higher; feeder lambs generally $1 1 lower., KANSAS CITY LIVESTOCK KANSAS CITY, Mo , July 31. I (United States Bureau of Markets) Cattle Receipts 2,600; for week, i Better grades beef stoady to 25c lower; others 35&75e lower; sho-stock, bulls, stockers and feeders 25&.50c lower; canners 2fic lower; calves mostlv $1& $1 50 higher. Hogs Receipts 200. bids steady; nothing sold; run held over until Monday, Mon-day, quality plain. Sheep Receipts none: for week; Lambs mostly 75c&$l 25 lower; fat sheep and breeding ewes steady to 50c lower, feeding lambs steady to 60c higher. BANK STATEMENT NEW YORK. July 31. Tho actual condition of clearing hotiso banks and trust companies for the week shows that the rcnervo held Is $C,uS6.520 bo-low bo-low legal requirements. This Is a decrease de-crease of $1. 810,000 from last week LONDON RATES LONDON, July 31- Bar silver 56 5-8fl per ounce Money unchanged. Discount rates; Short bills unchanged; unchang-ed; three months bills C H-lC&tJ 3-4 per cent. LIBERTY BONDS NEW YORK, July 31 -Final prices on Liberty bonds today were: 3 l-2s 91 06; first ia 86.60; second 4s 84 60: first 4 -4d S6.82; second 4 l-4s 81.60. third 4 l-4s 88. G4 fourth 4 l-4s S5.06; Victory 3 3-4a 95.72; Victory 4 3-4s 95.70. BUTTFR AND EGGS CHICAGO, July 31. Butter un- changed. Eggs unchanged; receipts r,,S92 cases. Poultrv alive lower, fowls 30 l-2c broilers 3S& 40c. 00 Wanted A salesman. Read "Hal's Win out.'' page 4. |