OCR Text |
Show NEW HIGH RECORD IN THE WHEAT PIT Dollar Hark Passed, and May Delivery Deliv-ery Sold in CMcago for S1.03. CHICAGO, Feb. 19. Attended by excitement ex-citement not often equalled, wheat advanced ad-vanced today nearly 4 cents a bushel. Tho grain pits on 'chango wero from start to finish a scene of almost continuous pandemonium. pan-demonium. Tho long-coveted goal In speculative trading "dollar wheat" was mado a mero reminiscence. May delivery today sold as high as $1.03 a bushel. Tho price named Is 3&if3 cents above yesterday's closing figure. Today'o closo was within M cents of the highest point of tho day. Tho sharp advance was duo to fear that tho war would not bo confined to Russia and Japan. Bulges of over a cent on tho Liverpool and Berlin exchanges wero the Immediate factors. Scarcity of wheat suitable suit-able for milling purposes was an additional addition-al element of strength. Trading was exceedingly ex-ceedingly active, the aggregate of business busi-ness for the day being enormous. May wheat opened at $1 to $1 01, and after touching $1.01, declined suddenly to 99H: centa on selling by the Armour Interest. Tho price rebounded, however, as easily as It had fallon and soon reached tho "top notch again. Late In tho day tho prico touched $1 03. Excopt during a corner in 1S3S May wheat has not reached today's record since 1S91. Advances wero also made in other speculative spec-ulative articles, notably in provisions. Pork, for May delivery, Jumped up 62 cents a hundred pounds. |