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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Jul 19, 1918
Page
10
A demonstration unfolds on the stock exchange as news is received. Enthusiastic traders react to a marked market rise and notable activity. Officials monitor proceedings while investors assess impacts on stocks and sector confidence.
A wild rally grips the New York Stock Exchange amid fresh American and French victory news. Traders rush to buy as cables bring evolving war updates, lifting copper, steel, and other shares while predicting further gains with Allied advances.
New York July 18 the news that American troops advanced on the western front sparked an extraordinary rally on the floor. Brokers cheered and bought stocks as the market rose early and stayed active into closing, with optimism growing as more war bulletins arrived. Bond market showed vigor, Paris 6s leading gains, reflecting wartime demand and investor sensitivity to foreign military developments.
A stock and money market brief reports Sterling and 60 day bills with bids and calls, franc and guilders demand figures, bar silver and Mexican dollars unchanged, time spans strong at bid, call money strong, London rates show silver at 48 18 160 per ounce, short and three month bills at 317 32 percent, and a note on a British munition factory employing 25 000 workers with over 33 000 women.
New York July 18 stock market rose on stirring war reports with heavy volume and broad gains. Trading was the largest of the fortnight as many issues climbed three to five points, total sales around six million shares. Prominent names like Baldwin Locomotive Mexican Petroleum Industrial Alcohol American Steel Foundries Reading and Canadian Pacific led advances while United States bonds were unchanged on call.
Rapid downward moves in Chicago markets on July 18 amid entente news and heavy selling. Oats and rye show declines while bear sentiment persists. Prices for yellow corn and other commodities drift as government orders influence near-term supply.
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