The Cairo bulletin., 1904-02-24

The Tremendous Liquidation
Causing Early Acute Break,
THE FLOOD or ORDERS
TO SELL AT CHOSE OF MARKET
CAUSED BREAK I'M MAY or
SEVERAL. POINTS,


By the Associated Press.
Chicago, Feb - WHEAT May
wheat today sold over ~ cents.
Fears Of European complications in
Russo-lapanesc war forced the pr,ce
up 70 new hieh record mark, 1885,,
out the tremendous liquidation caused
a sharp break to 1874 Wild excite
ment marked trading from the very
start Buying orde;s appeared -
como from all directions. The cause
was sharp advance in foreign mar
hcts Ramon Of English fleet having
been ordered to intercept; any attemp;
OF the Russian fleet to pass the Dard-
nalea furnished an additional motive
to traders. May opened u to "a
higher, At l0G to 1857. Wide range
in prices showed plainly the excite,
ment under which the market opened.
loSl2l " " ACKNOWLEDGEMENTS
Whilc some brokers were bidding
idSla for wheat others almost at their
side were selling for two cents less.
The volume Of trading in the first rev
minutes was enormous, Hundreds
Of thousands Of bushels sold on an ad-
vance. This heavy proiit.taking
caHSed a May decline to l04h. July
declined to H42sc. decline of about
rs from the opening. which was 95ls
q 9G, Many stop-loss orders added to
She weakness The covering by MAY
sdorta caused II 10 raise to 1861. The
las; fifteen minutes a food of selling
orders caused breal, in May to 103&
10 jrly 92l5 Tie close was against
10000 decrease Of year ago, Wis.
ibl1 supply decreased to 1871 ,000
against 10000 decrease of a year ago
Liverpool ~ 04h higher On tile
coast 3 boat loads were taken No
. red. l0JGl1l; No. 3 red, 1056110;
No. ? hard 97@10l; No. 3 hard, 900
.; May opened l0Gh0S12 highest
X. lowest 81; closing 4.
CORN Corn traded in heavily,
prices moved in sympathy with the
wheat Strength in wheat caused May
to open a shade to lass higher 4.
&c to Y. There was a great deal of
pi1nr t2liing at the start due to the
heavy foundations in wheat. May de
ellncd 20 373s, but good buying on IT,
slGmp caused the price to go up. Late
ia ne day another break occurred
which Was brought about by the sharp
declne in wheat May sold oc to 5}a
closed at a net loss Of bMA. Wis
iiie supply increased 9lS,00o against
a 5000 decrease year ago. Seaboard,
five boat loads were accepted. Liver
pool lc lower to Il higher No. 3, 43la
a illa No 4 io@l2i2; No. 3, white
1857; No. 3, yellow. 1l465h; Feb.
52lA May opened 7G12 highest 3
lowest ~ closing Il
OATS Were exceedingly neWon
and on that account the volume OF
business was somewhat restricted !
The feature was the heavy selling b,
"a prominent commission house sup
posed 10 he acting for the leading |
long. The action OF this house was
followed by the smaller holders |
which resulted in a decline of ~ IN |
May and one cent in deferred futures. |
The buying was mostly by shorts |
close near bottom May. cent lower,
visible increased $4,000 No 2, tia
y: No 9. 40ls0l; No . white SAC
No. 3. white. 2@5; No. white io@ |
9is standard 41205b. May opener |
Highest u; lowest ~ |
closing IS Others unchanged.
Spacial To The Bullelu
Chicago. Feb. 23.-The following IS |
the range Of prices for the day.
WHEAT
Open High Low Feb. % Feb. 20 |
May. 1o7 1852 103h 10l 1.05A |
July. 9Gl4 90 9Zl2 93A 977s /
CORN.
May. 57S 57is 55is 552i 5G7s /
Ju!y.. s5A 5515 54$5 IS
OATS.
May. 10 4CM 4f5s 447s 45H
July. 1915 1915 4lb AIS l1# |
PORK
May. 1000 1905 1850 1857 1886 I
LARD
May. 500 sos 702 7S7 sos .
St. Louis Grain Markets.
Special to The Bulletin.
st. Lu.is, Feb. 23.-The following /.
was theranga of prices for the day:
WHEAT.
OPEN High Low Feb. % Feb 20
May. L001s l00ls 98b 98ls 100
july. 92&, 9224 $3.50 S9i2 9iB (
CORN
MAY. 5o7a SIS 502s 50% 81
July. 515a 513s STA J1A2s 5lA /
OATS
May. 431s 1874 49, 1874 iS# /
----4-------
The following spot prices ruled |
here today for yariaus grains mea
toned.
No Bed winter wheat l.oS-11i /