Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1894-04-13

a few minutes moved up to Soc. with
no Indication of the panic which
followed. The Signal Service
Agent put the touches on the
weather map. The chart showed
mildsr weather only in certain local
tiles, while the Northwest, Iowa,
Kansas, and other great States of the
wheat Eelt had freezing weather. This
was not all. The prediction was for q
more v freeze than on Monday
over the whole wheat bait. This was
alarming. At the same hour every
house on the floor with country con-
nections had dispatches telling of
wheat already killed by the cold wave
trade was bearish on the theory that
wheat was not injured. Cairo and st.
Louis parties after sending out agents
reported half the crop in Southern
Illinois, Tennessee and Kentucky killed
beyond doubt, as it was jointed by the
previous war weather. All this came
on the trade, which was heavily short.
1t was not the shortage of lne big
house, nor q dozen big houses. The
scalpers were shot. The tailers after
the bear plungers were short. Every
big commission house had ir )m 10 to
il0U customers short, some small, some
large lines. They all wanted wheat.
In the face of the weather map
and the alarming crop dispatches,
there was no n to sell it
to them. There was nothing left bus
to bid for it. This started the Janic
among shorts. Then came another ele-
inent of danger, the stop loss orders.
Customers with ten, twenty or fifty
thousand wheat short around 5S'c or
nS3o had mn ofoofipr Or1ors o,,o,,o5 Ello
Or toe. When stop orders were
reached commission men were will.
Once the market got by tho stop-orler
point the loss was on the house. Big
houses had all their brokers buy ng
like fury. 1t was a wild scene and a
great, bounding. bull ma .ket, with
l.sses for shorts, big and little, right
and left. The Nay price started
53ec, went to SIC gradually, went
to &c with shorts climbing over
each other to get wheat soll:c lowe.,
went from &c to Gle with commissi IN
houses buying on a tremendous sea,e
toeave their customers and themselves,
and the panic which was on car led
the price to 619c, or &c over the close
On Tuesday. July sold 6Oac ard up to
S2c. Pardr dgs brokers sold wheat on
the big advance, and the May price
WouU OdCh w JUG. vi u SECOND hurry
before midday the May sold e1lc and
was stopped by enormous selling by
Baldwin Farnum and others. The
market became steady at tOsc, 2sc over
Tuesday night. The light cas-, 1866
Minneapolis and Du.uth, against 400 q
year ago, added to the force of the
buying.
.arlions OF Bushels Handled.
Hundreds of brokers and spectators
were wildly clawing the air aud
screaming for wheat, says the dispatch.
They bid the market up on themselves
furiously, and in less than five minutes
tae price WAS 6lt, and July wa 49,
From SIT to 81 hardly q trade,
was made. Everybody wanted to buy
wheat, and nobody had any for sale.
The fountains ef supply wore suddenly
exhausted. Tho bears we're thrown
into 9 hopeless panic by their inability
Jtc aaft ItHbaRtt plSSootping. 81 tsightens q
result Ia a more dreaded diseastt he can
Unless removed, slight impurii@en thor
will develop into Scrolpla. Eczdcan skip
M, Salt Rheum and other sefiod trapped
Iesults Of he wants
10 figure.