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Newspaper
New York Tribune
Location
New York, New York, United States of America
Date
Jun 06, 1918
Page
3
Active securities opened with strength but drifted in late dealings as war news offered limited promise of early breakthroughs on the French front. Copper and cotton shares weakened while bonds and military issues firmed. grain and coffee markets moved on weather forecasts and export expectations.
United States and foreign securities trade show a broad listing including Liberty Bonds, government notes, copper and oil firms, railways, and major industrials. Notable entries cover Am Car and Foundry, American Sugar, Kennecott Copper, and General Motors with varied closing prices and dividends. foreign government bonds from Canada, Argentina, and Japan appear alongside extensive NYSE quotations.
Curb Market Note reports market quotations with disclaimer of Tribune responsibility for accuracy and authenticity. Transactions Wednesday were reported with soak orb prices and related figures, reflecting brief listing of quotes and prices observed.
The cotton market yesterday saw July futures firm, rising up to 26.95 or 98 points from Tuesday’s close, while the general list gained 29 to 88 points. Reports cited short interest in July and speculative activity against actual cotton in the South, with demand from locals and war board price talks influencing near-term offerings and covering. Exports reached 681 bales, totaling 2,471,604 for the season, with Norfolk and Galveston moving higher in Southern spot markets.
Outlook for the new wheat crop appears universally favorable this season causing traders to speculate on a record yield. Some authorities predict as high as 960,000,000 bushels if the present condition persists through harvest.
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