Show MAY WHEAT DROPS Under Heavy Selling It I Goes to 12 Chicago Fob Feb l eb heavy sellIng by the tho Armour Amour Interest Inter f which U is I credited with wih being the lh largest holder hohler of May Mn Ma wheat Iho price of that mat commodity today dropped to 1011 n a I bushel a 1 loss lOll of 3 8 i cents trout from last II nights clown Covering by L b shur Mined a 1 recovery of ot over two cents the tha close clote being at nt 1 a Q not Hot It lee las fur for tUf tho mite day of Hl Hi cents limo Tho I July option held lold comparatively and closed doted only ully 1 cent lower at al MS O 04 I Olten selling of at May 0 wheat by ty tho the lend lead Int Ing long loog caused a n decline of ot iVi I In the tIme price of wheat today There liters was WIS also olio scattered aching colling n by local professionals duo due to 11 t lower cable cabi The Tho To opening n on em 0 Ma May vas U i loner to ft 1 higher at nl 04 to 1 On heavy henvy telling ceiling by the tho big b holder 10 time tho th price quickly declined to LOi I but advanced ed on 01 buying by shorts lor I to InItial sales on July were U to U 7 1 lower Le at 95 to toOG MH 0 After nailing at 01 O ih the price do dl dined to 1 hiI rallied milled again at a WH 0 The May delivery delvery broko broke severely Into lato In tho tue day on ott enormous profit taking Inking scales May Mi dropped to or 8 cents from the tite high point Some Home recovery cent was wan made mn o n the lost last li 18 1 minutes the time close chose on May Mn being elna nt at a I net loss ices 1081 for tor time the r day of at IM July closed U 34 cent lower at f 1111 t 2 red No 3 t rel red No 2 hard hul NoVa No a 3 hard hord WS 9 9 No I northern hern lM lott No 2 northern SIl No 3 earing 3 No 4 1 4 Z 2 No 3 42 1004 July old 7 Sept Old od O 53 1 May WI lUly 01 r f 58 i leI Sept Oit U l July I 46 I Sept 86 34 tU July 16 1034 J July 81 UHf July live t Slay iH 7 northwest 11 et eb b 1115 1 4 O |