Show Weekly Review of Financial Markets NEW YORK Nov 13 By the Associated Press Press Press-An An higher movement move move- ment In stock prices establishment ofa of ofa a new record high level In bond quotations quota quota- lions easier money rates a sharp break In wheat a rally in cotton and the brisk rise rlee in sterling exchange were the high lights In this weeks week's financial and commodity corn com markets Meanwhile the business busi busl- ness situation continued to show Irregularity larity with no definite Indications of the general downward trend predicted In some quarters Trading In the stock market was largely professional although signs of ofa ofa a reawakening of public Interest were evident as the week closed Varied opinIons opinions ions exist among expert observers as to the future trend of prices Lower money rates the prospect of a cut In taxes record breaking freight traffic and special ape ape- cial dividend distributions were encouraging encouraging aging to those working on the side of higher prices price while the bears took hope from the decline In bank clearings the recent recessions In the steel auto auto- and building Industries and the expected decrease in purchasing power asa as asa a result of 01 the low price of cotton and other staple commodities Another upward revision In the government government govern govern- ment cotton crop estimate bringing the seasons season's run close to bales had been anticipated by the trade so that the market was quick to respond to reports re reports re- re ports of damaging frosts and cold weather er or later In the week The wheat market market mar mar- ket however was unprepared for an upward upward up up- ward revision of the Argentine and European crop figures with the result that prices broke as much as I cents 4 bushel on Friday and closed the week 5 to 7 cents a bushel lower Strength of sterling reflected hopes hope of an early settlement of the British coal strike which was still uncertain as the week closed French francs were helped by the reported reduction In the size of the French army and by the growing belief of an early stabilization of the currency |