The Smallest Turnover of Chief Shares in Almost a Month
A dull market session ended with the smallest turnover for chief shares in nearly four weeks. Traders reported light trading and little price movement as market activity remained muted.
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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 11, 1918
Page
10
A dull market session ended with the smallest turnover for chief shares in nearly four weeks. Traders reported light trading and little price movement as market activity remained muted.
The market fluctuated yesterday in uncertain fashion as traders awaited further developments and tax news. Leaders from Laus ler-Wolcott and Heilbronner noted gradual gains in steel and specialties while warns of tax impacts. overall activity remained subdued with few stocks moving sharply and rail tonnage and freight concerns shaping cautious trading conditions.
London rates and currency figures appear in a brief New York dispatch. Bar silver stands at 48 and a half cents per ounce with money at 24 percent. Short bills and three-month bills are noted at 2 1/2 and 2 3/4 percent respectively.
Corn futures rose amid unsettled weather expecting warmth and dryness next days. Cereal buyers supported by export demand helped lift prices as shorts covered. Supplies of lard and meats nudged higher. butter steady, receipts 19 272 cases. metal market in New York quoted lead futures at 1 50.
Anaconda Copper Mining projects a May output near 28.4 million pounds, aiming for a yearly total of at least 322,000 pounds. Officials cite resumed normal operations after labor issues and expect production to reach record highs through the year.
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