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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 06, 1918
Page
10
Recessions in copper stocks unsettled trading as directors met to discuss quarterly dividends for Utah Bay, China and Nevada Consolidated. Amid mixed war news, investors noted no drastic metal price swings, though porphyry stocks fell and expectations grew for possible dividend adjustments.
Chicago livestock records show receipts around 4 500 hogs and 4 000 cattle with mixed pricing. Hogs mostly higher with heavy and round heavy bids near 16 to 17 dollars. sows and other hog types vary. Cattle receipts about 4 000 with steers and cows ranging from mid teens to about 16 dollars for heavy stock. calves and bulls also traded. Sheep receipts around 718 with market steady. lambs around 16 1/2, yearlings near 16, wethers 10 to 10.50, ewes about 7.50.
Special Dispatch notes Seattle livestock receipts at 90 hogs and 20 cattle with cattle and sheep steady while hogs run slow. Metal market reports New York quotes lead strong at 7.30 spot, Spelter steady, silver around 2 and a half percent, with East St. Louis depot pricing. Port rates and bills show three percent figures amid volatility.
New York reports a tentative strength in shipping stocks with marine assets advancing, while copper and steel pull back amid expectations of dividend action. War news remains favorable but offers no early resolution on the French front. Bond markets rally modestly as Liberty bonds improve and overall sales reach 6.55 million par value.
A tribute notes Mr Bishop left the Douglas mine after two years as manager for the Anaconda company. He earned praise for shipments under harsh conditions and for his capable leadership. He is described as genial, with many friends, and will be assigned to a new position in Butte after returning from Kellogg. His wife and son accompanied him from Pine Creek, with departure plans by Northern Pacific.
Reported market activity shows AHN and Phoveshions on the buy side as traders react to improving weather and favorable signals. Grain prices move with Corn No 2 at 1.68 and No 4 yellow around 1.10, while wheat futures track steady demand and port shipments.
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