The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-04-11
FURRY IN WHEAT
Wild Scene of Excitement in
the Chicago Pit.
Heavy Selling by the Armour
Crowd Started 1t.
DROPPED THREE CENTS
Statistics We're Entirely Over
looked in the Trading.
Corn and Oats Attract but
Slight Notice.
DROPPED THREE CENTS

Chicago April ia shake OUT Of the
smaller holders Of May and July wheat
occurred on the board of trade today and
as a result Of the bull leaders endeaNor TO
secure 2 better control of the situation the
price of the May delivery dropped &c. while
July declined PIG The market opened
with every Indication that the bull cam
paign which had been in progress tine pa st
few days was stil i'm full swing Shorts
were active buyers from the first tap Of
the bell and with little buying by the Ar
mour people the price of May quickly adj
Naneed TO Hesc after me opening. from q
5naue lower TO i4d7sc higher. at 1914 Qtos nc
July was also strong and after opening at
fssu PC. sales were made at 424sc-
With the market i'm such favorable
condition the bull leader decided to get
rid of some of his holdings and began 10
sell both the May and July options The
change in tactics caught lany traders
unawares and the result eds rush to
sell. which was followed by a rapid de-
Nay had reached l4ssc and July $3.50. The
amount of wheat sold by the Armour in
terests was conserVa lively estimated at o.
y33v99 bushels q large part OF Whlcn was
first hour the trading became more quiet
and prices rallied somewhat, May advauc-
ing to 755sc and July to Ioi2c
The last half of the session was CONS
paratively quiet, the leader of the longs
having apparently withdrawn from the
scene of action Shorts were active buy
ers around l5c and combined with a good
commission house demand May rallied 70
46izc. but eased Off again and closed "a 3sc
lower. at I5lac. July closed l12c lower, at
T02Am70iac.
Trading was less active the latter part
of the session and a firm feeling prevailed,
there being good demand from commits
sion houses and shorts. The close on May
was %d7sc lower. at 75jzc. July closed
1isc lower. at 703sQ7O15c, after selling be-
tween 69zsu723sc.
CORN-Corn opened easier on favorable
weather, May being a shade TO &c lower.
4Ziagi 1880 to 425sc. There was little in
terest in the trading which was of small
volume, and the price held firm the first
hour in spite of the break in wheat. To-
cal receipts were 1888 cars, none OF con-
tract Grade.
Closing prices were steady, with May
a shade higher, at 4234c.
OATS-Oats were dull and price huctua-
tons were confined within narrow limits.
May opened shade to sale lower at
223sG32l5c. and sold up later to 329sQ32s4c c.
Local receipts We're 261 cars.
PROVISIONS-Pr Provisions were about
steady on a light run of hogs May pork
being sc higher, al S1L70; May lard was of
&C. at $3.50. and ribs were unchanged, at
$50. Trading was light, with no special
features.
WHEAT-Cash: No. red. 74q76c; No.
red. 6Sf73c; No. hard winter. 7lGl72c;
No. hard winter, 6SQ71c: No northern
spring TsuSoc: No. northern spring, l6n
I9c No 3 spring 6SN77c
CORN-NO. g. 42l4c. No. 3, 3S1aG59c-
OATS-No. . Bic; No. 3, 30c-
FLA X-Cash: NV, 110; S.-W., Sl.0S;
May, I.10.
RYE-May SOC; July, SOC.
BARLEY-Cash. 42N53c.
TTMOTH april $3.50.
GLOW EI2=ADril. $500.