The Archive · 1925

Slump on New York Market

New York, Feb. 7.

The skyrocketing of prices in the wheat market, which in the last few weeks has seriously alarned Eurpean householders, broke severely yesterday, closing 20 points lower than last week's high mark.

The sudden break is attributed to the action of the executors of the estate of the late "Yeast King," Mr. Julius Fleischmann, who dropped dead playing polo in. Florida a few days ago. They are reported to have dumped all his tremendous. wheat holdings back on the market.

Many of the smaller speculators have "been wiped out and others have lost heavily—Reuter's Ameri-jean Service.

-known politicians,—includh Herr Bauer, a former Deputy Chai ships for which they m king Reuter. cellor (who is alleged to have received large sums from the concern in Holland for assisting it to obtain

Text read from the printed page and cleaned; old type leaves the occasional error.

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