Ogden Daily Standard | 1903-04-21 | Page 1 | Sudden Drop in Wheat Caused by Unloading

SUDDEN DROP IN WHEAT CAUSED BY UNLOADING chicago april 21 an attempt on ho part of the armour interests to unload part of their holdings of may wheat today resulted in a decline in that of 3 l ac loss than an hour at the first intimation that the leading ion was endeavoring to iC of borne of surplus stock orders came into the pit from nil quarters the TOM A having been watching for jut scicli n for the past awk or more and the price dropped so suddenly that many linkers were unable to ant stop loss orders until the price haj dropped 1 to 3 cents below the point at chic they aad orders to sell about noon the leader ot the bull movement started to sell and the arico broke precipitately dropping to IK 12 1 2 a short time the wm equally as rapid however the price advancing from 75 12 1 2 to 77 in about two and the market steadied aromnd 77 78 7 8