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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 04, 1918
Page
10
The stock market held up despite enemy submarine activity off the eastern coast and Western Front battles. Early trading saw light advances from a large short interest, with many brokers moving to buy as others waited for clearer military signals and potential tax policy impacts.
New York market opened with mixed signals as early bullets of optimism faded after news of enemy submarines. Industrials and shipments led the advance in opening and late rebound, with short covering lifting favored stocks. Trading volume reached 740000 shares while Liberty issues remained weak and bond activity was uneven.
Total sales of bonds reached 5,849,000 dollars as reported in New York stock quotations. The brief item notes the overall bond market activity without detailing individual issuers.
Chicago June 2 Submarine activity off the American coast sparked selling in corn as the main market mover, with prices drifting lower and front-month options around 128% to 246. Oats held firmer on hull bids and export demand while provisions surged then eased on stock revisions.
Hogs receipts rise as market shows mixed strength with heavy butchers around 16.40 to 16.60, prime heavies at 16.45 to 16.60, and bulk around 16.16 to 16.35. Cattle receipts at Portland listed higher with prime steers near 14.47, medium to good at 10.55 to 11.50, cows and heifers 10.0 to 12.0, and calves 12. Market elsewhere notes steady to firm hogs and weak cattle in Seattle region with lambs and sheep trading at varied quotes. Lead metals trade in New York remains firm at 1.22% for lead. St Louis delivery around 7.20.
Butte officials say Montana’s state call stands at 4 000 men with Butte allotted a small share. The county’s class 1 men are exhausted, and experts cannot explain the reduced county draft. Clerks Taveile and Toohill returned from escorting two contingents, praising the conduct of those who traveled, while a separate note mentions other wartime labor and treasury records, and a fatal midair crash near Grand Rapids.
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