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Newspaper
Anaconda Standard
Location
Anaconda, Montana, United States of America
Date
Apr 23, 1920
Page
12
In Chicago on April 22 buyers returned to grain trading despite earlier selling. May corn rose to 1.80 while July touched 1.59, while oats rallied on late seeding delays. Hog prices declined pushing provisions lower as lard and ribs hit season lows.
Chicago buyers faced weak to uneven demand as shipments slowed due to metallised trade conditions. Cattle receipts around 4,000, top cattle near $14 to $19.78. sheep around 10,000, steady to lower with choice lambs around $21 to $22.50. Spokane hogs steady with prime mixed at 17.25, cattle and stockers mixed. sheep and lambs likewise steady. Paul market shows lighter activity. copper, tin, zinc prices edged. Portchester reports death of Carl Bulow, German official’s relative.
New York traders staged a partial rebound from the prior demoralized session. Stock prices edged higher after early losses as investors anticipated renewed liquidity ease, with Liberty bonds slipping to new lows but recovering slightly by close. Total value of shares traded reached about 22.38 million dollars as gold exports rumors remained unconfirmed.
April 22 saw fresh lows in several markets while some steels such as steel, Vanadium, Lackawanna and Republic Steel advanced on profit taking. Copper issues including Anaconda opened near the prior close and rails rose 2 to 3 points after an early raid amid tax speculation on stock transactions.
Reading the report from financial observers notes high costs for newsprint likely to persist, copper shares respond to favorable metal conditions signaling limited supply. Sugar market sentiment blames refiners for halting Cuban purchases, Europe securing supplies. railroads face strike-induced transit delays. Currency and bond markets show weakness in government and asset classes amid wage and sentiment shifts.
Emile Le Sueur, a member of the German peace delegation, told INS that Germany contemplates selling art treasures to stave off bankruptcy and famine. He blamed Entente policy for the dire economy, cited unsettled customs and occupation issues, and warned foreign traders are depleting Germany of essentials and raw materials.
In Grand Junction Colorado a local merchant faced a long collection process as Uncle Sam spent exactly 12 months pursuing 1 cent. The 1918 excise tax owed was 10 percent of 5 cents, or two and a half mills, and the treasury department sent statements until a check was forwarded to Washington.
A proposed wage scale sets minimum salaries for teachers across schools, detailing yearly steps and experience rules. Principal and superintendent salaries are listed, with elementary post at 1,200 and high school roles up to 2,000 annually, amid broader pay guidelines.
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