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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Apr 22, 1920
Page
16
Markets react to rail and banking turmoil as grain prices plunge and buying power collapses. Oats, corn, and futures tumble while wall street jitters echo in trading pits. reports show declines across staples with continued pressure from industrial demand and shipping disruptions.
Wall Street reports extreme losses in the market with Liberty bonds tumbling to lows amid heavy offerings. bankers and brokers note tightening credit and ongoing money scarcity, predicting continued volatility and possible higher rates as the market awaits clearer conditions.
April 21 report notes a brutal bear raid with widespread declines across steel and industrial stocks. Major losses seen in Baldwin, Lackawanna, Vanadium Steel, and Copper shares as rails and altreas weakened amid fears of legislation, labor strains, and a weak sterling. pros note bears in control for now.
Chicago cattle prices slip with steady selling on lower grades as receipts near 18,000 head and hogs at Omaha show uneven demand, top hogs limited, best heavy steers around 13.50, lambs steady to firm with top clipped lambs near 18. The Spokane market posts steadier hogs and mixed cattle demand, with prime cattle and stockers steady and calves priced around 10 to 16, while sheep show strength in lambs and lower ranges for yearlings.
The Northwest Mining News notes unusually heavy copper exports to Japan in 1919, with about 70 million pounds shipped, reflecting new Asiatic demand and wartime trade shifts. Calumet & Helen moved 1.5 million pounds by rail, while nearby mines report regular car shipments as navigation delays ease. Plans for highways to Cooke City and new ore analyses near Troy Mont, indicate evolving mining activity and potential nickel enrichment in copper ores.
Sulmavan Memorial in Chicago reports plans by a committee of friends to raise fifty thousand dollars for a monument in memory of Roger De Nullivan, a Democratic leader who died here a week ago. Contributions were described as limited to cents.
Amsterdam April 21 Negotiations with the Reformed Church at Wieringen for the purchase of a local presbytery as a permanent reform for the former crown prince have begun, according to the Wieringen correspondent of the Telegraaf.
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