Stocks Slide as Money Conditions Trigger Selloff
The market faced a broad downturn as stop loss orders hit and prices fell across sectors. Copper and steel stocks led declines while demand slowed, with low trading volume and losses of several points in industrials. A cautious mood persisted despite talk of a late summer price adjustment and potential buybacks on extreme weakness.
MENTIONED IN THIS ARTICLE
Butte & Superior
Chino
Point
Nevada
Kennicott
High Point
Greene
Anaconda
Utah
China
New York
American Smelting and Refining Company
Red Cross
Wall Street Close and Minneapolis Wheat Prices Report
Wall Street closes mixed as banks near yearly low and government rate, with United States Steel dropping sharply and equipment shares under pressure. In Minneapolis, wheat prices tumble with July at 2.23 and September 1.76, receipts 261 cars. cash bids steady to firm on various grades.
MENTIONED IN THIS ARTICLE
New York
United States Steel
United States
Liberty 1
Minneapolis
Gra Atinneapolis
Northern
Montana
Telone
Nwnew Market
Mercantile Paper
Inspiration copper output hits record high in May 1917
Lauzier-Wolcott reports Inspiration copper mine setting new records with 11,900,000 pounds in one month and 55,250,000 pounds over five months through May 21 1917, up from 48,348,925 in 1916. New Market NY rates show financial and metal market data, plus Seattle livestock receipts and steady prices for cattle, sheep, and hogs.
MENTIONED IN THIS ARTICLE
Miami Copper Company
Miami
Lauzier-Wolcott
Wheat Falls Sharply as US Argentina Exports Rise
Chicago June 18 Wheat declines by about 10 to 10 media lower on estimates of a 180000 bushel rise in exportable surplus in North America and Argentina. Corn and oats also weaken while provisions hold. Hogs and cattle receipts and prices move with mixed shifts as market activity persists amid feeding and seasonal harvest expectations.
MENTIONED IN THIS ARTICLE
Chicago
North America
Argentina
St. Louis
Kansas
United States
Grouth
Texas
Seaboard
Glover
NS Io Guly
Ahan
Aeao Bip
US Gare
RSS Prd
Alaska and U S Area figures Released
The report states Alaska covers 690 884 square miles and the United States excluding Alaska and insular possessions spans 3 616 484 square miles.
MENTIONED IN THIS ARTICLE
Alaska
United States
Insular
Army Draft Relaxation Voted Down by Council
Boston central labor union rejected a Seattle labor council resolution urging repeal of the army draft act and opposing relaxation of oriental immigration restrictions. Separate report notes alleged pro German activity tied to Kennecott Copper strike rumors in Alaska.
MENTIONED IN THIS ARTICLE
Boston
Central Labor Council of
Seattle
Wash
Boston Central Labor Union
New York
Alaska
Kennecott Copper Corporation
Revolutionary Cockade and Rail Sleepers Spotlight
The French revolution cockades mixed red and blue, with Lafayette later adding Bourbon white to signal reconciliation before Louis XVI's fall. The convention adopted the tricolor in 1794. Separately, iron railway sleepers gain attention due to wood scarcity.
MENTIONED IN THIS ARTICLE
Louis XVI
Lafayette
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Butte
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R-Wolcott CO
M_ LAUZI
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Financial News
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