Show i Business and Finances Review for Past Week NEW YORK TORK June Jun 4 By fly A. A T P. With the domestic markets market somewhat re restrained re restrained strained by the holiday and lack o Of speculative enterprise more mor than 11 Ike usual attention was paid in financial quarters during th the last week wIc to foreign developments development Renewed weakness In th lbs German mark was perhaps th the molt meet spectacular feature fresh freal selling abroad carrying th the quotation down to a new level record of of a cent In ill Inmost most quarters this was taken a a. a ing that Germany I Is nearing Bearing the end of her financial resource a conclusion confirmed by reports report that she he has baa suspended sus aus- purchases of Argentine wheat There Ther wit was a disposition however to take the collapse philosophically or even cheerfully It was pointed out that such sucha a result Is th the Inevitable sequel to th the Inflationary period which has baa been followed some om observers taking the position po that th the sooner this Is recognized tb the better It appeared that th tim markets mar mar- for out of town agricultural products prod prod- again felt tb the of th the dispute over the Ruhr Suspension of German buying of Argentine wheat was credited with affecting th thi of th the Argentine peso and It was pointed out eon that th the distinct weakness In our own wheat market doubtless was more thin than a coincidence July wheat brok brok- over 10 Cenis below tb the high of the previous week touching 1101 but closed somewhat some some- what In th the neighborhood of 1110 WhIle better weather reports report claimed a part In th the decline and th the government restrictions on speculative trading rem cam In for om blame impaired foreign purchasing purchasing pur pur- chasing power also was cited as th the principal bearish factor Although it was ws believed that tb the Ruhr difficulty Is approaching a crisis it was wis maintained In well posted quarters that the general situation In Kurop Ku- Ku rope rop gradually Is Improving In con of this opinion It was emphasised em that a number of th the exchanges of th the smaller European countries such as Greece and have been showing Chewing strength and that firmness firm firm- ness nemi ha turned to sterling In the domestic field report indicated ft maintenance of a high rat rate of Indus indue- trial activity Car loading for th the week ended May 11 19 totaled cars car which set et a new high record for th the year and for this season In any year The per per- la is In fact little short of that achieved last fall at tb the height of th the crop moving season Nevertheless th the were able to report a surplus In th the supply of freight ear care for the first tIme lime sine since last Sop Sep This was wag taken ss as indicating that th tOss carriers have baas mad great progress Id re rw storing their heir equipment to a ry condition ss as well as In securing deliveries delis erie eries of new equipment a. a r th the circumstances April na rM road earnings statements were it notable Net earnings for the first road to Cc report equalled the amount reported for tie the longer month of March Birch On this basis It was waa thought that bet ket- tr than 4 S per cent on valuation will M bk shown hown for April After and Irregularity tb the chief speculative market became becam reactionary toward th the end of th the week The technical position had b l rendered 1 Ices strong by the recent rallIes At the close e however th the ton tone WM we better support having appeared moderate reaction I |