Market Opens With Little Change After First Hour
Trading at the opening shows minimal price movement as prices hold near early levels. Investors monitor early sessions for momentum while volume remains light across key indices and sectors.
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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
May 04, 1918
Page
10
Trading at the opening shows minimal price movement as prices hold near early levels. Investors monitor early sessions for momentum while volume remains light across key indices and sectors.
In the first hour of Wall Street trading, steel shares drew notable interest while other sectors remained largely flat. Reports from Heilbronner and Lyon-Wolcott note steel activity, rail groups easing, and expectations of continued demand. Copper and copper-related stocks showed strength with Anaconda anticipated to rise. government orders for railroad cars and April copper figures are cited as supporting factors.
Trading in industrial stocks sagged as shipping and motor shares led losses while marine preferred and Atlantic Gulf rose. Volume reached about 340000 shares with a broad list of companies mentioned and varied bond activity noted alongside.
Indications of exbusiness led to a fresh market upturn with prices rising into May. May futures showed gains as supplies remained heavy and receipts for corn and wheat moved higher. Hog numbers, cattle, and lambs also influenced the market with prices climbing for first quality stock.
A garbled OCR fragment references cashier duties, a deposit, a Liberty loan bond, and front desk cashier action. It hints at payment handling and certificate, but lacks clear names, dates, or entities to anchor a full item.
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