, 1873-07-31
CORNER IN WHEAT.
The Market at Tho Mercy Of Few
Spectators.
Probability that the Conspiracy Will
Be- Successful.

r., +taa, ,ria ,.o managing n r1,o t,tpt,,,+ ~
~ .ns,o,snt rhto niroota xvho4 10 too,,n,c,,T-,
known in tho Wheat traao se "gellor Jnly.,, IL
briefly as follows Several wecks ago the parties
who organized and hayo sinco engineered tho
"corner wont into tho market, and bought up
hv +homao1vee and tlrouoh ,,roi,ors oa w. -,
~ 'n'A.S ,.n";,.,a A -. 'ioAule ~ uanS op-
1'o''s ae Poe7iolo III no. spring "heat (tho
speculative grain), soller to ael1yer any timo
during July. They nlBo bought up all tho our
rcnt receipts OF whent bv nny,no 1,n1f a con, nm
huabo1 ahnvc tho nor,ot nr,n sn u" 49,, .ons pr
"s oasuo. aoo'u Wv n'"eAe. pf1co ZOE tno option
ana having thus secured control Of tho proper
ty, took 1t out Of tho power Of tho SELLERS to I'LL
their contracts o1copt by buying from
~, s'is pAR''os u "hon 'hoy were shemsoiVos
haple. 1he "oornorors" " woro successful Ill
hiding their designs by sometimes selling small
'quantittea Of grain in order to prevent prices
10 eo,a4tu. ~ ~ ssa WY op.1ohe m'le nop' oo"n
'o4a.A'o'y nloaerase prlce until "itnln 10"
'uaya. Ihen it booame known TINT tho market
WAS largely oversold, with but littlo wheat in
store, and not much Coming in dsily. Tho
.. ~, iuseloas LOOK H'Arn' Ana prlces foee,
nndef tho Increased competition OF buyers, and
from tho fact that but little GRIM was offered
Tor snlo. Last evening, ut tho close Of business,
,hn a''uay 'o.uas sn'u sn';.s -" Ss, ".v
'no BANJO aftiae Tor doHVery to-moToW
sold Mt $1.l4, boug dltforoncc OF IL
cents nor buehol In tho sonR yaluo Of
grain far tvo corac,ut,vc d.va II vna
.fhonobt nrohnh1a fIat t,,n a;fyaro1co vov1a ho
,atil1 fnrthar w;Jonad to.dov ae cona;dnra hio Ia
,nmant,tv nf thesn .Inlv oni,ona var;omair cat;.
,rnnr " rom oSn O1n h Enc mi lnuhnia vot ~
tma;na ,,ncnyarei w. 0'''''o 3'0AoN0' 'o'
nnr ronnrtcra o,, ,cbon1o vero ,,nah,o tn oot
roliah1o Information ~ to thu nartv cnn;ncc,fn0
,the corncr. lmt Il wnn renarai]v r,,n1'ra that
Sir. l. Il. Iyon 7yns Mt the mad II It. and ta}rinV
royenre for tho lousoe l1e incurrad II, roconf
diffcnltos with cortain mombora Of the Hnard.
Ihoro arc roasops for believing, however. t],at
though Mr. Lyon may hayo taken advantage Of
not tho onrincor OF tho moyenont Thero
has bccn coni,,cto3 with canst1,sn con,tai n tho
ntarcat ~ n,rfina IN Montrcoi Syhoaa n,;,c,nnt
;.ronta in tEia civ ara liza firm NJ yV;il;sr Vnnnu
Il Co The iattnr waro nrohahfv aifad hv 1fr n
Chisholm.
The cornnr " promieea to he nm of III. moat
,succeasfu that haB vot beon r,1n m lin 1hioaco
Board Of Trade, and princinaliy for the rcns6n
TINT it has boon nooegsary to hantIle Int small
muantitiea If grain. Tha orr7inarv histnry NJ a
corner in a rnpid riso in price. bringing Tor
ward much lareor quantities Of erain from M tho
conntry Which, either % swan,ps tie nartiea @ run.
.ninp tba "cornor" " hofnro In cnntracts hsvc
Fuatured. or makea tia eamn = Iosinr ono hv
ioaying them with immonso ouantitioa ri crain
on hend. to bo dispogod Of 1t mich loaa nriees
than T,ev had to nav for II in nr;ior
r. keon mn t1,e Tmsr1rat ~ "a nn;nt
WHARF thev can enucozo tha !. ai,orta pTns pTho
nnnTot;on ~ In nav Rn,ironJ Inv has to anna
mftent. nroyentod tlia gwamnjno IN tb;a iI-