| Show MARKET UPSETS GUESSES Market l Closes Steady With Plenty For Delivery CHICAGO May Dy By 30 By The Tho Associated Press Press-It Press It was the un un- unexpected unexpected expected that happened In la the wheat market today Instead ot of prices skyrocketing as generally had been looked for tor speculators who were ere short of ot wheat being un unmercifully mercifully squeezed mOl th settlement of accounts was wan affect affect- affected affected affected ed with a minimum o of excitement and with market fluctuations but little out of the ordinary Holders of contracts calling for tor Immedi Immedi- Immediate Immediate at ate delivery ot of b wheat displayed rare and satisfied all bidders without turning prices either radically up or down de de the tho tact fact act that the stock ot of wheat on hand here Is tar far less than as time tims of the year STEADY AT CLOSE Closing quotations on wheat were fairly steady at the same same as yesterdays yesterday's finish to 34 3 lower with corn to H 14 1 down oats unchanged ed to c off oft and provi provisions varying front decline to toan toan toan an equal advance taken by the business conduct committee of ot th board ot of trade membership together er with the tho efficient working of othe the new v clearing house arrange arrangements ments meats of ot the board appeared to be largely responsible for tor the fact that speculators last day swings In price were avoided In the tho wheat pit A temporary difference ot of 6 c In the value of ot old style May contracts tract was the sharpest flue fluctuation fluctuation witnessed and this change affected but a relatively small amount of o business New style In which the bulk or ot un- un unsettled unsettled un unsettled settled dealings outstanding were kept within a price range to- to today to today day of ot whereas a variance variance variance-or or lie had been deemed not Improbable aN able One of ot the measures which Is credited with having prevented difficulty In the final settlement of May wheat contracts was en- en enforcement enforcement en enforcement ot of o deposits of o heavY cash margins at the clearing house It if accounts were to be be kept open In May dealings It was as practicable also under the new clearing house methods that that individual traders standing on the market x arket could be ascertained by proper authorities and be reasonably curbed If It con con- constituting constituting an apparent danger to the fluctuating market PLENTY ON HAND According to current gossip at atthe atthe atthe the close dose Canadians were the largest holders ot of o actual wheat hero when the days day's dealings were at an end Some observers in- in In Inclined dIned to an opinion that deliveries on the tho part ot of various traders who had brought wheat here from Mis Mis- Missouri sour river markets and elsewhere of Into Inte was a considerable factor actor In helping to bring about settle settle- settlements settlements ments meats free tree from rota undue friction At Atall Atall Atall all events plenty of wheat was on sale today an and l flurries in the mar mar- market market ket came only at the openIng and aud just before the close For the time being factors actors other than the closing up ot of o the Ma May delivery at attracted but little notice In the corn market month end liquidating ing lag sales carried May corn to anew a anew anew new low price record for tor the sea sea- season season son BOn Oats sympathized Provisions were without Important tant change 10 |
