Armistice Rumor Sinks Stocks After Opening Rally
Rumor of a Russia Germany armistice unsettles traders sending stocks lower after an initial strength. Anaconda and Butte & Superior show mixed moves as copper and steel shares retreat. Analysts warn against overreliance on rumors while noting continued buying in copper names and expectations of further volatility.
MENTIONED IN THIS ARTICLE
Russia
Germany
Butte & Superior
Ben Poechino
Hugh
SER
Miami
Sloss
Greene-Cananea
Kate Copper
Novag
Pearscott
Fen
East’ Butte
Daviee Daly
Retin Butte
Tian
Rign Ac ii
Tuolumne
Did and
Ay 'Eaned
Wheat market turmoil and price shifts across regions
Chicago May 18 reports large wheat exports inching toward overland shipments amid price volatility. Corn and oats rise on demand, with favorable weather easing bearish pressures. Minneapolis notes stronger wheat closes, while Portland livestock markets show steady hogs and cattle with varied ranges.
MENTIONED IN THIS ARTICLE
Moduce
Chicago
Parrifle
Aiantic
Ted
Tom
Heron
Setnet Manor
Railroads Face Damages Plea Over Coal Cars Shortage
Cameron, Spring Valley, Standard Coal and Independent Coal and Coke sue four Utah coal firms before the Commission, seeking damages from seven railroads for losses alleged due to insufficient coal cars. Plaintiffs urge an order forcing railroads, including Southern Pacific and Union Pacific, to supply adequate equipment to meet industrial demand.
MENTIONED IN THIS ARTICLE
Washington
Commission
Utah Coal
Cameron, Spring Valley and
Standard Coal Companies
Independent Coal and Coke Company
Salt Lake City
Southern Pacific
Union Pacific
Los Angeles & Salt Lake
Oregon Short Line
Denver & [Lo Grande
Western Pacific Railway
Oregon-Washington Railroad and Navigation Companies
Secret Pact Between Kaiser and Tsar Revealed
Paris May 18 A long account of a secret pact between Kaiser and Emperor Nicholas aimed against France is detailed in Moscow Slovo. Count Witte allegedly discovered the treaty in 1905 and pressured the Kaiser to cancel the Portsmouth treaty. The disclosure was kept secret until Witte’s death. Also Chicago markets report cattle hogs and butter and eggs with steady or mixed prices.
MENTIONED IN THIS ARTICLE
Paris
Kaiser
Nicholas
France
Moscow
Rustkoys Slovo
Count Witte
Japan
Portsmouth
Russia
B. Glinsky
Messager Historique
Wall Street Close on May 18 Amid Peace Rumors and Tax Debate
The stock market reversed after early strength as peace rumors and a retroactive income tax measure moved through the House. United States Steel hit a yearly high of 122 1 2 before closing at 121 1 8, with Westinghouse down 1 1 2. Motors fell on higher operating costs amid mixed volume and concentrated industrials, while wool prices showed irregularity but improving demand in a generally active market.
MENTIONED IN THIS ARTICLE
New York
House of Representatives
Smaaller
Sesson
United States Steel
Atcohiol
Westinghouse
Montana
Suit Against Major Astor Is Dismissed By Court
A lawsuit by Jeg Tranton for 29 000 pounds against Major Waldorf Astor, son of Baron Astor and MP, was dismissed. The action claimed penalties for government contract payments while Astor sat in Parliament, alleging ads in the Sun Day Observer. The court ruled the advertising agency, not government, was the contractor.
MENTIONED IN THIS ARTICLE
Don
Jeg Tranton
Maj. Waldorf
House of Com- Asterans
Baron Astor
William Waldorf Astor
New York
George II
Major Astor
Sunday Observer
House of Commons
British Heavy Artillery Units Work With Italians on Front
An official British War Office statement reports British heavy artillery batteries cooperating with Italian forces in the offensive against Austria on the Julian front. The announcement notes joint action and coordination between the allied powers during the campaign.
MENTIONED IN THIS ARTICLE
Julian Front
British War Office
Expect Big Increase Anaconda Earnings Rise Predicted
Dow Jones telegrams report Anaconda Copper Mining Co. may post net profits of 7 million dollars this year, up about 50 percent from 1916. Analysts say earnings run near 75 million annually with $32 per share possible, though stock trades around 50 dollars per share.
MENTIONED IN THIS ARTICLE
Anaconda
He Company
Dow, Jones & Telegram
Conda
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Magma Copper Company
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