Show l A GGANTC GRAN DEAL Fierce Struggle Between the Bulls and Bears A CORNER IN MAY WHEAT t emarkably ively Time ontlie Chicago Board Prices Drop Seven Cents in a Few Minutes Min-utes Parties in the Corner Now Control Eleven Million Bushei of Wheat CHICAGO March 29 There were lively times on the board of trade shortly afternoon after-noon In view of the evident corner in May wheat here which has held that future fu-ture far above a parity with other markets pat J for several weeks and has rendered shipments V ship-ments impossible thereby filling all the elevators in the cit to bursting the board of directors at a secret session last night decided that storage emergency exists Extra emergency houses will now be created cre-ated a applications are made and tho necessity ne-cessity presents itself This fact was not known until about noon In the meantime in the early trading trad-ing with Kansas and the whole west clear according to the weather map and no prospect oi rain the shorts were excited ex-cited and pushed prices up until the clique began realizing heavily The I early advance was aided by statements that the reports of Secretary Mohler of Kansas had said the good rains throughout through-out the state were bogus Private reports re-ports from that state were bad c When the clique began to sell however how-ever and the action on the board became known there was a great rush t buy and the price went off in great jumps tumbling tumb-ling within a few minutes from 8 to 754 but at the bottom shorts who sold on the way down Degan t take profits and there was quite a rapid recovery to 7 But later the market weakened again and closed at 7SJi The clique had been selling two or three days and it is supposed got rid of over 3000000 today Business was almost paralyzed for a time Rumors are current of largo private settlements by the clique In the excitement of the break much wheat was thrown on the market on stop loss orders At the same time that wheat broke provisions took a tumble tum-ble Lard went off over a dollar a tierce pork 2 cents per barrel and ribs 1 cents I a hundred 0 I V John and Michael Cudahy rich pork i packers are at the head of the bull clique with many other wealthy Chicago and II New York men The deal i the most gigantic in the history of the grain trade and mighty accumulations of capital are I arrayed against each other It is said the clique controlled 11000000 bushels of contract wheat and is ready I t take as much more i storage room can be found for i I Elevator proprietors are emptying the bins of corn oats and barley into the I holds of vessels chartering vessels for the purpose elsewhere t make room for I s wheat A comparison with the high prices here today shows that it was 18 I cents lower in St Louis 18 = in Duluth 17 in Minneapolis 1 inToledo and S in I I New York I Bie shorts Ed Partridge and Arthur Orr are said t have been driven in and settled with the clique on private terms |