| Show 1 AVERTED BOARD OF TRADE chicago jan 27 Panic stared the hoard of trade speculator in the face when business opened today for the bottoni seemingly lad fallen out of oats it all came about by a tremendous bear campaign begun by enormous liquidations in slay oats for some time traders havo been that some thing would happen in oate and aa soon as a stream of may oats began to flow into the pit prices dropped dropped dropped at once gossip had it eliat james mayor of evanston who is credited a corner of bushels of slay oats was unloading cak holders of margined oats had to let go they biad exuberant bear said we told you so and began to sell bhart in great quantified and everything went by alio board millions of bushels were liquidated and in lea than half an bow may oats fell cents support however eoon appeared in a marked degree the talk changed from patten liquidation to the other view of it that an attempt had been made again to patten when it was found that patten wm buying and other long to tho support the oilier sellers frightened nur lied to cover nd prices aa quickly began to ascend again in may biad recovered nearly nil it lost and after its decline de clini from 41 M to 39 14 1 4 began to steady around 43 the usual weather and crop condition had practically nothing to do with the onslaught it was a case of speculative manipulation and yet after the airet hours excitement the feeling WAS still very tene traders feel bluit the coarse grain situation is n matter of guesswork the only thing certain is that prices arc very high compared with ordinary years tho riso and fall of oats affected other grains corn biad badly saturday and was in a fair position to break again though at the opening they had shown firmness slay wheat did break from 78 to 77 but soon on the oats revival to 77 78 7 8 1 corn abo fell off arora 02 to 60 38 3 8 and feeling tho innuendo of oats stronger than wheat reacted on the early spurt only to cl provisions were weakened as well and broke from 5 to 22 12 1 2 later developments showed that bears had token advantage of al from the pit to raid the market clr mauo this 1 I have noc ciol of oats this morning it la a dc liberato mid there ia no doubt it wat started to boreo me to sell the tailors are out but tho people that planned tho raid did nol get what they were after |
