The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-02-10
WHEAT BULLS PUT TO FLraHr
The I.ow-Price Record Beaten Again. a.1
Exporters Grabbing Cheap wheat.

The I.ow-Price Record Beaten Again. a.A
Exporters Grabbing Cheap wheat
There was a fine old day In the wheat pit on
the New York Produce Exchange yesterday.
The bulls ran. The news and rumors were all
against them. Liverpool was slightly lower.
Paris dropped 20 confines. The clearances
were small The northwestern receipts and
shipments were liberal A rumor came from
the West that some No. 2 red wheat had been
thrown out by the flour mills here. This was
denied, but the story stuck to the market
Just the same. Silver was again lower.
East Indian exchange was unprscedent-
eddy low. II India Is hard I'D il
is feared that she will sell wheat CHEAP. The
Hatch bill has once more risen up like the
ghost OF Banquo. The crop advices from Ar
gentna were favorable The market showed
the greatest activity and excitement seen in
many months. Tho sales OF futures reached
II 1900 bushels. Foreign houses like Fow-
Ter Brothers. bingham Co.. and some OF the
German firms sold for European account All
OF the large com mission houses were Hooded
with selling orders Milmine Bodman Co.
bought to some extent early In tho day. but are
understood to have sold later on Mcintyre Il
Wardwel sold Nav and bought December.
=, Finally word was flashed from Chicago that
the name Of Armour 4 60. had been given up
on sales OF wheat. Then came pandem oniun.
Those who hadn't sold before became trantis
the Speculative IDENTITY they y'' wers hustled
along with greater celebrity by the large num-
her OF stop orders which were caught. Pre-
dictlons OF IA cold wave at the West. following
mil and rainy weather. were now laughed at,
although ut tho start ia the morning they had
made some OF the more timid OF the furry
brethren cover a little wheat
But the runaway market was finally Tslnsd
up by reports that exporters were grabbing
the actual wheat right and left at the decline,
which had reached b. to u. cents bushsL
They took half million bushels certainly,
and there were some reports that the total
was ho.oOO bushels or IN two days about
100000 bushels iool obseryers maintain
that the heavy liquidation is simply case Of
blood letting which will do q sick m arket good;
that IL is an old fashioned and heroic treat
ment, but that il clears things 10 and will
enable this country to compete successfully
with its rivals in the great marts q Europe.
The sales Of futures here within the
last three days have been about "a
UOO.OOO bushelA Part OF this 10 sup
posed to have teen compulsory selling for
Wall street account. The price record for
ehespness was agAl broken yesterday. but
with zig stocks and an oyersupply OF dis
gusted pulls there WAS no alternative. The de-
cline was checked largely By the handsome
business for export. but partly also By the
covering Of shorts and the usual buying
against puts" March was 90 to 64}I esnts.
closing at ti3's cents. against so cents for the
same day last year; May was 20 7-l6 TO 67s
cents closing A. ti5h cents. against S3k cents
Just year ago and July was 81 11-16 10 69a
cents, closing AZ G7A4 cents. against 81 cents
same day in 1881