Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-05-22
BIG JUMP In CORN.
ONE or THE BIGGEST EVER KNOWN
IN CHICAGO.
The Hulk Of tho Trading. However. In
July, and tho Fluctuations There
Not Startling.
fBy tslcrraph "a tho Disna,ch

CHICAGO. I'LL. May 2I.-Corn sold TO-DAY
at Tic. for May delivery. making one of
the greatest jumps ever known in the his
tory Of tho Chicago Board Of Trade At
one time 72c. was bid, leap of exactly
lie. since last night. The price did not 90
Mp by fractions, but by cents at time,
jumping from Csc. 10 zoe. at ono bound.
Tho bulk Of the trading, however. was IN
July. The fluctuations in that option
were not OF n startling character. II
opened Of A1c., or lc. lower than yester-
days close, went 10 4G54c., reached 49,,
whore II STAYED short time. reacted TO
46isc., and closed at 46Hc., a net decline
of l5tc.
ARMOUR RUMoRED CAUGHT.
A rumor was floating around that 7. d.
Armour had been caught IN May corn.
However that may be. those who own tho
stock OF cash corn and the snort sellers
contracts arc supposed 10 have bagged big
game. Tonight. compared with last eve
ninE, wheat IS on J per cent. and pork SOC.
Tho excitement. though manifest was
on the whole less than Yesterday. The
volume of trading in all tho pits was very
large. The parties 10 tho May-corn deal
are remarkably ret.cont, both those who
are short ana those VINO are long. The
shorts are naturally reluctant 10 confess
that they are ~ need OF cOmmlseration
and the longs are not inclined 10 blow
their horn while the deal is IN progress.
Az INCIDENT.
The narrOwness and at the same time
the nervousness of the market was illus
trated by two small transactions which
occurred IN The course of tho session. 4.
:. W h'te Il Co. had an order from a country
customer 20 sell 5000 bushels Of May corn
o. VIII nI
near the opening. Tho telegram convey
ing tine order instructed White a Co. 10
stop the loss ~ Sc. That meant to buy II
tack II 1t should advance TO &c. The
price advanced 20 65c. and Whites brokers
tried 10 buy back the 5000 bushels sold
earlier at Gle. They bought 1t, but at 70c.,
not transaction having taken place be
tween bjc. and zoe. From $4,000 to 10000
bushels changed hands at around 7Oc., and
10000 bushels sold mt Tic.
SIMILAR PREDICAsTST.
The Anglo-American Packing Company
was in "A prcdlcamcnt similar 10 that of
White d Co.. having 5000 bushels 10 buy
al 65c., which they found impossible 10 DO
done. and were compelled 20 pay Tic.
Baldwin d farnum accommodated White
N Co. with their 5000 bushels, and
SchwaTtz d DUpee. with almost equal coll
slderatiOu, obliged the provision company.
from Schwartz d Dupeo and expressed
desire for as much more as the sellers
would part with. Tho firm in question
declined the invitation at the price. but II
was thought from tine willingness of COstcr
& Martin To encourage the advance that
their interest III the May deal was greater
than their mOdesty allowed them 10
acknowledge. The best posted say not
$1,000 bushels have been traded in since
the price was JOc.. and this - a far es'i-
mate. There was some talk about lard-
ridge being short. but tins IL ridicuied.
The clearing weather. present and pro-
spectiye. was the governing influence IN
the gran-pits. and provisions were weaker
iu sympathy with an easier feeling IL July
corn.
WHEAT.
In wheat tho feeling was unsettled aud
nervous. and most OF the gam OF yesterday
va- lost The opening was 11c. per
DIshei lower than tine closing figures Of
yesterday tho market then became more
strong and rallied e., then declined
lrregul0riy lc., ruled eteadler, and the
close was Sc. lower tran yesterday. Oats
were fairly active, but unsettled. Prices
had o liberal range. The market opened
weaker and c., lower, declined C.
more, then advanced @. reacted &C., but
rallied e.. and closed easy with net loss
ot tta.4 C.. There was tGir realizing ON
bllees and good buying on the breaks.
PROtIsfOSs.
The provision market suffered IN sympa-
thy with tie decline IN July corn. Those
VINO bought on yesterdays bulge had their
holdings to dispose Of this morning. They
wero in haste 10 sell and quickly knocked
off large chunk from yesterday advance.
Having gotten rid Of great deal of tho
hlch-pricel stuff the pressure 70 sell was
relaxed and the market became dun. Inc
SD equeut fluctuations were comuara-
lively narrow. July pork opened az SlO.3J,
declined 10 SlU.Oj, and closed at $1,000,
or SOC. lower than yesterday. Lard and ribs
closed 81 decline ot T. c. Erelghts were
lower. with moderate demand for vessel
room 10 &C.. for wheat and l.. -. for corn
TO buualo.
Cash quotations: Flour firm; winter patents,
s+.20aS4.4O; spring patents. SAl5ae46D; no.
% spring wheat, S3hsc.; No. ? red, 6eaoJc. No
% corn, 4aAjic. $50. o oats, 3l3sc hess-pcrk
s1Oef1OO2 e. Lard, So, 5eaSt.3O. Short-riD-,
-l.e5-sJ.g1'.. Dry-slltel shoulders, 85.25s
l.3li- sho-t c.oar, s6.I'}sas $50. WlisAeN
Sllt.
II.. foadfu- r-r1~aa rqurag NJ follows.