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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 06, 1918
Page
25
Readouts show active penny stocks fluctuating as WHK and allied issues move under pressure while Treasuries and Liberty bonds rally. Industrials and metals drift, with some miners and oils lifting before a mixed, cautious session amid wartime finance and dividend expectations.
The report lists daily closing quotes from the New York Stock Exchange and Liberty Bonds, detailing prices for dozens of companies such as American Car & Foundry, Bethlehem Steel, General Electric, and Canadian bonds. It notes varied volumes and highlights closing figures, with a caution about potential inconsistencies from wire services.
The cotton market faced losses as July contracts showed short interest and trading reflected profit taking amid weak demand. Prices swung with new crop optimism, weather reports, and War Industries Board notes, while December and other months showed varied premiums. Copper and other metals rallied as steel and refining sectors posted price increases, with government price signals looming.
Sustained optimism surrounds the new wheat crop amid favorable conditions for harvest. Analysts note potential high quality yields from spring and winter wheat. prices drift lower as weather stabilizes, with trade cautious on export demand and futures showing limited activity.
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