The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1897-04-19
-TODAY'S MARKET REPORT.
Furnished by the Associated Press to
the State Journal.
Chicago, April 19.


.WHEAT-The war news sent the wheat
market skyward today. May wheat sold
as high as 7sc p bushel at the opening of
trading on change, an advance of 444G
over the closing figures of Saturday and
sac over the lowest price touched that
day. Fluctua tiOns We're violent, trading
a the first start being all the way from
lie to TSc at the same time in different
parts of the pit Most of the initial sales
were at nc to T75ac, but for nearly ten
minutes purchases were being recorded a
the top figures named. Then the market
steadied for a moment or two at T715c.
At this point there was a feaTfuly rapid
reaction, the market plunging suddenly
downward &c a buShel to 751Rc. with
scarcely a stop. An equally quick rally
followed, prices dashing up to l79sc.
minutes afterward the market wa-s down
again almost a cent and at 10 a. m. half
a t 7616c for May By 1O:l5 the price was
shooting the chures again and had touch
steady ground TsAc. Before change open
ed it was regarded as a certainty that
the market would jump on account of the
war news and ct the tap of the bell. the
wheat pit became sea of shouting.
struggling spectators. There were no
foreign markets owing to the holiday sea
son abroad. but they We're not needed,
everything being lost sight Of in the gen
eraI interest IN the struggle now con-
sidered fairly on between Turkey and
Greece. Fortunately perhaps for many
commission men there was more wheat
offered than anticipated. In the flood of
realizing which broke the advance 50
sharply during the first half hour. John
Cudahy took a leading part. The pit was
q perfect Babel. Spectators fairly
climbed over themselves in their eager
ness to cover or dispose of wheat already
showing a heavy profit and the packed
galleries were treated to a scene of eX-
element seldom Witnessed. Just before
Il o clock there wS-s another Whirl of ex-
element. For some little time the mar
ket had shown symptoms of weakness.
All at once the bottom seemed to fall out
and prices pitched headlong off to 741Ac.
a fall of 31zc as compared with top fig
ures 1T the opening. A whip-saw of hair
"a Using rapidly followed. full cent adj
vance to 7515c and decline TO 741kc, sue
ceeding each other in way that was be-
wildering even to the oldest veterans in
the pit.
CORN-An the other markets were
more or less violently affected but after
the excitement of the opening the coarse
grains and provisions We're rather neg
lected on account of the all absorbing in
terest taken in the struggle in wheat pit.
May corn which closed Saturday 2t 241sc.
opened this morning at 241sc to 25c, and
after huttering for few moments be-
tween 243sc and 247sc, settled at 249sc-
OATS-May oats opened about re high
er at 1sSsN1412c, advanced to 11Ac and
reacted to 171zc.
PROVISIONS-Pork was the only sta
pie traded in to any extent and the open
ing bulge was quickly lost under heavy
offerings by packers. May pork opened
15c higher a IS IS. declined to $3.50 and re-
acted TO SS-55dS 571z May lard WS-s quot
ed 21sc higher at S4-25 and May ribs nc
higher at S4.S5.