Camas Prairie chronicle. [volume] (Cottonwood, Idaho) 1901-1917, 1905-04-28
lax ON WHEAT
81 SESSIONS EVER SEEN
IN The CHICAGO PIT.
'ates Crowd Failed to Corner
|ay Wheat in Amerlea-Prlce
ia Nearly 12e a RusheI In a
Corner on July Wheat Is Look
millions Of May Delivered.

Millions Of May Delivered.
q. April 2s.-one of the most
d deals ever known on the
board Of trade came to eli
urday. A daring EFFORT by
tes and associates to control
wheat available in America
~ during the month Of May
rently ended with a whole
lice of prospective profits to
POSSIBLE huge losses on ex-
estments.
tally there was one of the
ssions ever witnessed in the
fheat pit. At one time prices
loss of 111sc a bushel for
he price Of the option being
wn in a sensational series
to 9S4ac a bushel. The clos
81, as against $1.23 less than
ks ago.
attending the days startling
ere such as are seldom wit
the worlds greatest wheat
ost frenzied with anxiety, the
the wheat pit, awaiting the
bell, huddled like steers about
de. The sound Of the big bell
signal for a mighty roar of
din possibly never before
according to men who we're |
Id the stormy sessions that
he most exciting periods in
ns Letter and Harper deals.
was torn, hats smashed and
uised in the frantic efforts
grain. The gallery was full
tors, while the floor of the
ln b crowded with traders and
The din could be heard plain
IL boulevard below, making
audible the clatter of horses
the asphalt. The crowd in
surged and pushed as the
prices continued, and mem
he wrong side, in efforts to
uses, shouted themselves
With perspiration streaming
liz cheeks as they vainly
stop the runaway market.
opinion is to the effect that
his friends emerged from
with but little, if any, act
Gossip insists that they eff
alliance with Armour and
ling traders, whereby the
ty, while obliged summarily
te May wheat, on an enor-
Ie, were nevertheless fully
By their prior operations Of
in both May and later OPP
an More Gigantic Corner.
view Of the situation, ae-
some observers, is that
roup Of astute spectators,
The redoubtable Gates, has
road for a still more 81
ner in wheat for delivery
M The idea is that the high
tofore prevailing for May
induced a securing of the
grain traders to secure
ELI to the bull traders. BY
he price II cents bushel
ators, assumed to be in con-
made 1t clear that If the
raked over for wheat to
they mean to buy it at
heir own making.
'e astlc Than Anticipated.
hing Of the price down, it
b, was more drastic action
for the moment, at least,
~ the Gates and Armour in
result being that they &C
nmped the price back to 81
S party, it is said, had fig !
the movement to market ,
Practically exhausted before !
of May arrived. The fac !
alleged to. have caused them I
he deal was the steadiness I
heavy shipments from the !
tinued, and the disappoint- !
rawn out dullness Of the
d, and the apparent uncon-
millers.
ad apparently completely
IA longs, little and large,
grain at the hands that {
against it. Nobody seem j
May wheat above a dol I
was reached the wild roar I
the opening was doubled I
the nearby option was
onward there was steady U
ping on in July. Brokers, 9
working for Armour and s
S, whether including Gates t
taking on liberal lots Of
tions. In one hour alone
hated that these brokers
more than 100000 bush c
B of July prompted fright b
~ a0ryoy fhoAt I,aYfa1yfvr, =.