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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jun 13, 1918
Page
10
Stocks firm to strong at New York open with gains in speculative issues aided by cheerful front news and hopes for easier monetary policy yet closing dull. Railroad bonds rise on light offerings while Liberty bonds falter. Total sales around 650000 par value. US old bonds unchanged.
Chicago market report notes unexpected return of Marner figures boosts corn selling at 1.68 to 1.68 per bushel with gains in hog values lifting provisions. No. 2 yellow corn quotes near 1.60 to 1.68. weak detail on white corn. Trade sources describe liberal rural sourcing and cautious selling as prices rise with demand before harvest.
The market edged higher as traders priced in potential changes in wartime policy and tax measures. Steel and other metals moved on demand expectations while tobacco shares attracted speculative buying on hopes of a stronger economy. Reports of heavy short interest and anticipated bond activity impressed bulls, though uncertainty persisted about price direction and federal tax actions.
The board of trustees voted yesterday to remove German from the curriculum for the duration of the war at the University of Wyoming in Laramie. The action reflects wartime educational adjustments and targets language study during the conflict.
A dispatch from Launder-Wolcott to improve efficiency reports Anaconda and Inspiration copper mines showing strong gains in the first five months of the year. Combined output nears 172 million pounds, with May results surpassing the prior year, though both still trail peak monthly yields by last year. The Inspiration concentrator, with twenty sections, is expected to return to top figures soon.
United States Bureau of Markets reports varied cattle and sheep prices with steady to strong demand in Seattle Portland and other markets. Cattle mostly steady to strong with high grades at 12.50 to 14.00 while veal calves bring 15.00 to 16.50. Sheep receipts near 7,800 with lambs and yearlings showing stronger values. hogs weaker in some centers with top hogs around 17.28. Market tones differ by region as buyers and sellers adjust to lighter stock and shifting demand.
The Minerals Separation company will appeal a circuit court ruling to the United States Supreme Court within 90 days. Butte & Superior Mining will continue paying earnings to the district court at Butte and refrain from dividends. An accounting of profits during alleged infringement is ordered. amended decree allows oil usage above 0.5 percent per ton. The case involves earnings, shipments, and mineral accounting amid litigation with Mami Copper near Minneapolis.
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