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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 08, 1918
Page
8
Overseas market commentary notes bullish interest fades as tax revisions loom. Dow Jones cites expected corporate levy hikes, while motor shares rise on government order hopes. Analysts foresee dividend cuts, rail and steel weakness, and cautious buying amid tax and rate uncertainties.
Chicago market notes hog receipts and prices with heavy steer and heifer figures. steers range around $7 to $8 per cwt, hogs show mixed quotes, and sheep and lamb listings appear with varied demand. Portland cattle reports show steady to good demand with prime and medium steers trading near $10.50 and related prices listed.
Special Dispatch reports stock quotations and market receipts. Cattle hogs and sheep prices are noted with mixed lots and steady trends. Minneapolis wheat and corn prices are compared to last year with No 3 yellow at 1.50 to 1.60, white at 1.46.
New York Mercantile Exchange notes mixed commodity prices and bond activity with figures for Tye Barley Bran and wheat futures. Money market rates show sterling bills and demand cables, while government and railroad bonds receive varied quotes.
New York stocks showed dull trading with moderate losses as buyers hesitated amid government war tax doubling proposals and plans to control iron and steel. Industrials including steel and copper were irregular to heavy while bonds remained firm. Separately, trial opening in Washington discussed seditious letters tied to a posthumous book as motives alleged in espionage case.
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