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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 16, 1918
Page
10
Markets steadied after news of a German offensive, with an opening drop followed by a late recovery. Copper and steel shares fluctuated, critics noting government price support and potential further gains. The day closed with renewed confidence, aided by strong late buying and a firmer money market as war updates dominated.
New York July 15 The war situation dominated the stock market with prices fluctuating after the opening as news of renewed German offensives appeared. U. S. Steel fell early but later stabilized and recovered most of the loss. Distillers Industrial Alcohol Marine beet sugar and other issues showed uneven rebounds. Total sales 175,000 shares bonds irregular. total par value about 4.7 million dollars. United States old 2s rose slightly on call.
Reports show corn and grain revisions with oversold conditions in Chicago markets. Prices for No 2 yellow corn and related grains drifted lower amid optimistic crop prospects and tighter supply signals, while hogs and dairy held modest gains. Receipts rose with over 2.6 million trees noted in a separate context of private water works projects in New York.
Receipts show cattle, calves, sheep and hogs with market steady to strong. Native steers bring about 17 to 18 dollars, cows and heifers around 12 to 15, and calves near 40. Lambs and mutton quoted higher, with prime mixed and medium grades noted. strong demand cited for mountain lambs and Western stockers.
Harvard University considers opening a memorial gallery near the roll of honor recently accepted as a gift from the Memorial Society. The temporary roll will be replaced after the war by a lasting version, and the university will honor all sons who fought with the United States or allies by erecting a memorial monument.
The United Verde Extension leads copper output projections, planning to produce 100 million pounds within 15 months with a 1000 ton daily ore rate and a smelter capable of 1200 tons. The project expects heavy investment, including $5 million in 1917 on smelter work and property equipment, with commissioning slated for September and operations under the Extension management.
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