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Anaconda Standard in Anaconda, Montana

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Newspaper

Anaconda Standard

Location

Anaconda, Montana, United States of America

Date

Jun 28, 1917

Page

14

Market swings amid copper bids and policy notes

Market rose strongly at the open but slumped in later trading amid copper policy shifts and Liberty loan pressures. Government purchases at 25 cents a pound buoyed copper yet investor doubt kept prices near session lows. several stocks, including Studebaker and Sinclair, fell sharply as money rates fluctuated and prospects for July profits faded.

Wall Street Close Shows Mixed Day on June 27

The New York stock market opened higher on relaxed money conditions after Liberty on deposits but reversed in the final hour as rate increase worries reemerged. Steel stocks led gains with United States Steel Bethlehem Steel and others climbing two to three points before retreating. Readings in coppers oils ships and war-related issues showed gains of one to three points while Reading remained strong among rail issues before pulling back. Total sales reached 1,025,000 shares and Liberty 2% bonds attracted demand amid irregular activity with total value on trades about 4,675,000 dollars.

E. F. Hutton & Co Studebaker Sinclair Oil Thess Pittsburg Inter New York Liberty United States Steel Bethlehem Steel New Stock Lackawanna and Crucible Superior Steel Colorado Fuel Reading

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