Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1915-04-21
GRAIN

CIlCAGo, April 2o.-Wheat values be
came much unsettled today, owing to a sud
den hr"ak of 7hc in the price OF the May
delivery. The break, which Is said to have
b',9 started by an error in regard 10 . single
order, was quickly followed by u nearly COM
pletc recovery, but peace rum0rs tended fur
ther TO disturb confidence, The close was
nervous, hc to Be- under last night. Corn
finished 'sc of TO N a. We up, oats down
" a isc to ~ a We and provisions at a de-
cline Of 2ts a Sc to zoe,
Most Of the selling Of May wheat was
IN small lots and of a stop price loss char
acter.
Bu,iur demand was very limited on the
downtura aud when support did develop
il was found the market for May had become
bare " offers, However, in the more active
months, July and September, selling later
in increased volume, with the supply coming
largely from traders who had been bullish
during the recent ten-day advance,
Hedging against Increasing purchases OF
wheat TO arrive here cut u good deal Of
figure as a handicap ON prices, especially
IN the late dealings. There was also selling
Of MAY and June against purchases Of Sep
TENDER, a circumstance that resulted in
relative strength for the more distant months.
Cash houses headed the buying Of Septem.
new NJ. > hard winter had been disposed Of
for shipment from Chicago the last half Of
August at n high premium over the Septem'
Der delivery.
Signs Of export business served largely to
offset in corn the depression That otherwise
might have resulted from the weakness Of
wheat. Oats suffered from unloading of
longs.
Scattered liquidation weighed Town pro-
visions.
Nav delivery Of wheat suffered n break
today Of more than 7 cents u bushel; Free
selling Of small lots Of the May option ut
the opening caught q number Of stop loss
orders and in the absence OF any strong sup
port the market dropped with startling rap.
idity. MAY. which closed last night at
81 .63L sold quickly today as low as $l.56h
put reacted with almost equal audiences
TO within cent Of last night.
New crop months, July and September. III
which most Of the speculative business mas
centered Of late, were comparatively unai'
fected. q,
An nnusmal accumulation Of small. sized
selling orders in the MAY delivery brought
about u lightning like overthrow OF prices
today for that option OF wheat. As soon;
however, as the little rush of selling had
spent itself. the market for May quickly
recovered and swung into line with other
more active speculative deliveries, which,
meanwhile, had been only moderately, influ'
enced by the weakness OF the old crop
month, MAY. In u general way the chief
beari>h influence was vague peace talk ana
from improved reports regarding the crop
outlook il southern Illinois. After opening
unchanged to 7Ac lower, prices steadied
nj u range Of " to " under last nights
level ,
Corn declined with wheat. The volume Of
trade. though. was rather light. Opening
rrices. which varied from hm%c lower to a
.hadp advance, were followed by Il moderate
setback all around.
The sag in other grains affected oats, brt
rot to any radical extent. Buyers were
scarce.
Provisions gave way on account OF the
break IN cereals. Nevertheless selling by
longs did not assume more than q scatter
ing character.
Selling by cash houses on account OF pnr
cha.,s 10 arrive here from the country
tended later to make the wheat market re
cede. The close was unsettled at &c 10 d'
net decline. ,
Later some inquiry from the seaboard
helped TO cause a rally in corn. The els
was firm Ne off 10 y ~ up, compHred
with last might.