The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-03-30
Enormous Dealing in the May
Option at Chicago.
High Price Record Knocked
Into Smithereens.
TOUCHED A Sd CENTS.
All Efforts of Bears Failed to
Weaken it Much.
High Point Recovered and Main
tanned to the Close.

Chicago, March 30.-Corn for May de-
livery was handled in enormous quanti-
ties on the board Of trade today and the
high price record again broken, May
touching 44s<c
George H. Phillips. reported to be in
control of the market, took profits OF
heavy lines of long corn, but 50 general
was the trade that for once he was not
particularly. conspicuous. He sold less
today than yesterday but the aggrega te
OF the days business was grea ter tar
any previous day this week. Higl-2r
prices at Liverpool, and weather of the
sort calculated to practically cut off the
NOV ement from country cribs were fac
tors which gave rise to the demand May
opered 4 @3sc higher than yesterdays
close at 441sc to axe. The market was
pressed back to 44c bu lquidating longs
during the first half hour A rally to
44ac followed At the close the market
still retained its excited bullishness, Mag
being quoted at Az @445sc. 5k@3zc high
er than the previous closing figures
Chicago, March o-CORN-Excited ac-
tivity in corn was again the feature on
change today. The May option was ham
died on an enormous scale and the price
attained new heights The market was
so animated and broad that it was inn
possible to keep track of individual trans
actions. although it was noted that Phil
lips the bull leader. took some profits.
though selling by him was on a some
Wet weather and higher cables We're the
bull factors. May opened Lnasc higher
at 441s414c and touched 44c early. This
was followed by a sharp rally to 443zc.
Buying was by outside people and local
professionals, while offerings came almost
entirely from profit taking longs The
market continued excited to the end of
the session. Profit taking sent May back
higher at s445s0afc Receipts swere 236
cars, Sc of contract grade
OATS-OatS were active and strong in
sympathy with wheat and corn and on
the recent heavy cash sales May opened
1snHc higher at 253sQ26c, touched 2619c
under heavy buying The close was
strong. May sc higher at 26asc.
WHEAT-Wheat was dull. the active
traders generally having deserted to share
in the corn and oats activity. The wealth
with lack OF outside interest in the mar
ket. were against the price. but the corn
strength cOunteracted these influences.
May opened sc to 7sNAc lower at l61sc to
761I761sc touched 76c, and then rallied to
1870 The market was poorly supported
and closed easy. &c lower at 767sc Local
receipts were 81 cars. four of contract
grade while Minneapolis and Duluth re-
ported 1868 cars, against 1893 last week and
437 a year ago Australian shipments were
], 064 900 bushels.
PROVISIONS-Pr Provisions opened higher
on light hog receipts and an advance at
the yards, but ruled quiet and practically
unchanged during the first hour May
pork opened zoe higher at $3.50. May lard
5d712c up at 1915 and May ribs sc inn
proved at $50 Ribs were offered freely.
but in the face of this advanced sc from
the opening.
sl55 - -
BARLEY-Cash. 3S05Sc.
TIMOTHY-March. $4l