, 1873-09-01
st. Louis Merchants First Expert
ence under the Squeezing
Process.
A Trifling Matter Of Haif-a-MiIIion
Bushels and a Rise Of
Seven Cents.
4 Commiseration Meeting of tile Shorts,
and What Came of It.


Speehnl Dispatch to The Chicago Tribune
Br. LOUIS, Aug. 31.-st. Louis Ia having Its
first sacccssful corner In torn. An effort VAS
mado to got up corner III oats hst May, but 1t
failcd most gnominiously. 1holongs arc squeez-
ing tho shorts most numerically, and tho shorts
arc Bquoaling and showing tho white foathor in
most uumanly way. Tho amount of corn short
will probably oxced 600, 900 bushels, which would
not DO thought much In Chicago, but is wofu1!y
remembered by tho lame ducks here. The longs,
to whom the pressure ia principally due, aro I.
D. Carruthers d Co.. and Mason, Bar
tholou Z 60. They are sald to bo assisted
by Clint. butcher, Booth l. Sons and John Carr
penter. 1t is thought BY some that tho latte
firm are but slightly Interested. Knowing ouoB
assert that tho real backbone Of tho whole bull
movement iB money capitalist ua1ned oziaa
Burns, . Director in tho Atlantic d Pacific
THE HISTORY or THE CORNER
may be epitonizod as follows: Two weeks sgo
thore was moro trading in corn than had eyer
before been known in vt. Louis Capt. Ma
made tour Of inspection through the
corn region tributary to st. Louis, aid
on coming, backed talked very confidently
about q probable advance in corn. Ho claimed
that corn would DO scarce aud hign, aud offered
~ HHs y w SA4eS ENANA Ho0L4 ~ fSA~4A 80
much III ono Weok az 1t then "aB-that Ii, 70
centH a buBhel A ring was immediately formed
Of Nason's firm and some or all OF tho other
firms namod which commenced selling aud buy.
lug at intervals, but always buying far ahead Of
thoir sa!ea. About tho middle Of last week 1t
leaked out TINT they thought they had the "Quoto
Boys" as they called younger dealers. They
finally gave out that they Ind corner. and they
wore going to
MARE THE SHORTS PAY WELL FOR IT.
There waB some malice in tho threat, for Car
ruthors and some OF luis friends we're short afew
weeks ago, and mad themselves ncon squeezod,
though not seriously. Labt ttlaay tno matter q
came TO sort OF ioeu6' ana corn ran Up 70 y
cents. ono operator 500 soverai thousand
oussiels ~ th9t Ffco. rriaay a!totnoon lug ma5
tor logan to 10 ulacn6aed on tho open boata.
The hfht lnt!matioh thoIo was was lotter from
Eon ra;.5 It. s'h ~ TO nj Ioosaao' ,rihnr
glnB, SAVING tnat tho margin aomahaoa
WAs e"cess!'o, auu tu'oateuA'b ~ An14 pt1oh w
soc; OF the 2y.la"s II PIeasoa. II n,ay po
ea!d ne1e that E!on u. em,sn IL .. momno1 m oI
tho common oont'c sr vas rAf% Mr9x ,, anGa}
during ths absence Of Mayor nroMn, anu senai- r:,
lzeu ls az interim eoI" " soa1lnE uP .ne TAI. r
road on Poplar stfeot. me & wnole thhg "ah
very generally aneassea on onanse' ana mem. en-
bers very Generaly maae up thelf minas tMat Iast
any man VINO Mohlo poau "asas IL cai.oa .o.au .no
papy act III auen an emergency, Mnouevet
~ ~ ~, nner; s1ofd -" ntca .,as .'a
| on tne Cah noA1u, snou1o W Hooteu Ana
eaacu t s, naoyi ,ava man WHO ue"'S III 'ons3 aho
sllof's 7loo4a nns1 n,s rxr.rrrru our
1csterqay t31 q tneIo WAS !atses aslenunhce a.
@ III n a tin H., .L Ieun
oaua,y ~. T.u t; .umn n !rn ,aa ~ oas os
than oQo; H. AL aoFts ai peopi,S, wore there, We
ea'1n ~ .no 7npr m,as nn tR5 a ~ " ta
performance; vAlas nulns "ns n1aong .ne 4uoA y,
qoi9. nr nGm fho Su III ;o raa aa"' anr
Ill., Ill., <1 nose maolu @ Is "a0 A1aus
dhe + enoFs ~, "ere m ons nuas
ArnnngIon, wah , IN vorita5io panic: u "at at
oau sna tno ~ n.,r tha % nru thaw ~
nny so out to ofbors
oy cetts ,ul or or" Tn fn ast mesionea aoi ni
nv wuehu's tHi sn eo' suun Il;e g".l;ot1
soid oooo M 1anhoss no e. tor ~ cents. herrlek 10
hopes1s SOC LIS LOT t o. consa o. ofe' oono Snof'
0os''oo W "i'n wv 4rm,sn% us1ustv1o ao.1nrn
:, Capt. DUTY, WV pollnse1 II aca!p'nE ..
;4 tao hu'ah'i'atlan 1 pi4rolP!en "out xoIa ~ VI
Una1Ro 1no allasGu H.. t4f ooa,nk @ & y, ~ ~. tgs T.
ostea. nc uopeo tnat tho ouss "oalu HUI U
TOO hafo on Tue snuIts' nlhny u NJ Mnoln %, met
Young ana green ~ IN re 6us,l,eas n Inc @ plulah =,
ana 1StoE ~ .nu @ oa"ed pnans "ae ., ,a NJ
Iom oartosnofe aIa T. Hyhns, Ma, oi a .te har nsr
o. Nason o0 psnao NnVns nau an 0t
spsn this. S''n al excitement on 'on'0s' 'a0"1 I
The tumult quloted down n lttle, anq ;sStl aooat
o'clock the meeting was noa IN sae pfeosor'
rooms. ABOUT s:osenty-nYe psI7ons "oe
present when it commenced. au
whom wore shorts George Bain, tormeri
of Chicago, acted ns Fres'dent. mr.. Daln MAJ
. .. something Of hpeoch on taKing tne ehal1;
expreehod tho nope thai tue alil9ulty "ou!a
settled amlcably betWoon the longs and IL
"shorta." The way In which they woro manat
. ing would, II It became known, make them til
laughing stock OF the business world:
| Such corner as this. where not mot MOI
| than 900, 900 bushels and or 7 cents per b'1ah
were involved, would not croate ripple IN Ch
| cago, where 600, ,000 bushels OF grain Wel
sometimes short, and tho prco would |
| run up so centa q hushol. He hope
| matters would be settled in manner satisfa
. tory all. He thought II man could not pay h