OCR Text |
Show CLERK'S ERROR SHOOK WHEAT PRICE OF NATION CHICAGO, Oct. 11. A slip of a pen In the hands of a clerk in the board of trade here sent wheat prices tumbling: tum-bling: caused the Canadian government govern-ment to consider tuklng 6vet the; wiieat market there and resulted In a proclamation being issued by the ' United States Wheat Growers assocla-, Hon urging suspension of all sale, of wheat by farmers until the price . reached $3, It was snid here. The clerk. It was said, mistook an Order from ROsenbauni Brothers.! brokers. 10 sell 1,000 bushels for 1 -1 OOO.011O bushels and when dealers heard that such a large amount was 1 being thrown on the market, prices. Immediately began to slump Th.- ' market opened at $1.99 1-4, advanced a quarter or" cent and then began to slip point by point. Word soon nached the floe- that the brokerage house had dumped a million bushels on the market and small dealers began be-gan to sell Edward L. Glaser. president of Ros enbaurtl Bros., said the order was onlv oversold about 75,000 bushels when th. r..r was discovered. He said his house covered at a loss of about two' cents :i bpshel. |