The Oklahoma City times. [volume] (Oklahoma City, Okla.) 1908-1984, 1917-05-14
BOARD OF TRADE
STOPS DEA[lNC;
QUOTATIONS HIT
Meeting Called to Consider
Curbing Prices,
CORN GOES BALLOONING
Practically All of Trading to
Other Pits,

WASHINGTON, May l4.-Sus-
pension during the war OF all
stock exchanges, boards OF trade.
and chambers OF commerce which
permit speculation in futures Of
foodstuifs. was proposed today by
Senator Thomas, democrat Of Col
orado, as an amendment to the ad-
ministfation espionage bill.
CHICAGO, May u All trade in
wheat except 10 close ~ existing con-
tracts. was ordered stopped for two
days by directors OF the board OF trade
today. Saturday, closing figures
were given as the max mum at which
settlements may be made All trading
in corn and oats for May delivery
ordered discontinued May whea, was
eliminated last Saturday.
Will Hid Meeting.
The period OF two days for the ces-
'ation OF trading was given to give time
for representatives OF the boards of
the country 10 come here for meet
ing to discuss concerted action 10 curb
'he runaway tendency Of grain prices.
IelerranS were cent last night urg-
ing the boards To have representatives
here by tomorrow
Extreme declines Of from Q to -
cents N July ard September wheat
came as result o. tie order OF the
board.
Trading in Corn Brisk.
Much of the business suppressed in
wheat was transferred TO The corn and
oats PIT, where sharp advances we're
scored July corn rose ~ cents to
SlSS. September Il cents tp SlS]H. In
oats July rose o. cents to ~ cents
and September cent, to % cents.
Trade N provision, was normal. as none
OF the rule, applied TO hog product.
The official statement by President
Griffin follows:
AT a special meeting Of the board
OF directors held this morning. il was
decided TO discontinue all trading in
May corn and May oats 1t was fur
ther decided that for a period OF two
days no purchases OF wheat whatever
will be permitted except to decide date
of expecting contracts With the latter
exception this automatically dcbats in
dlyidual firm corporation or govern
ment from bidding up the price of
wheat The director, further restricted
the operation IN whea, hy oontuing
those dealers desiring o. close existing
/ contracts to maximum price which
/ is based on Saturdays close.
Cooperate with Government
"lhc action 1T the board ha, been
takn after consultation with the actrcd-
/ tied representative, oi the allied gov
crnmeutS Likewise every step followed
hy us has been N cooperation with this
government"
/ Closing price, Saturday we're Wheat,
July 25j To SIS, September, 24l to
$40 corn, MAY Sloll!. July 81 40
TO $l49li September 81 ll7s 10 81 q.
Oats, May 7i9c July, 6lie to 67Hc;
September SOC
The directors also prohibited trading
IN lndcmntlc,, also known as bids and
offers ard wears ago more commonly
known aN puts and calls
Torn and oats, not having been an
chotcl like wheat wcr, h1ll,unng right
from the outset Frightened shorts
started " - To rush to cover and in a,
few moment, had sent corn high above
an, previous level Corn rose more than
10 cents and oat, more than q cents.
No other influence, were ,eemingy con-
,ldottd than the eager desire TO be pro-
tccied agauS, the advance that was fore
seen on all sides TO be AZ least tempo
ratily as inevitable as was the break in
wheat Although a, the top Of the bulge
the corn iluc,uated nervously. ns inn
poftant setback ensu,d Oats. however,
rcccded about ! cents.
Only IN provisions was there ANYTHING
like normal conditions prevailing Mod
crate advances were scored. but ordi.
b nary limits we're observed and the gsIsso
seemed merely to reflect psevsilIn0
higher prices in hogs ~
An Appeal 10 Pslhs>a. 4
A committee fixed ~ seooouoo