, 1874-08-02

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| Wheat was quiet but firm, averaging 51@54c
| higher on the option for this month. with pre-
MUM OF lGDlAc on cash wheat, though thero
WAS q very high shipping demand. Liverpool
| Wa quoted stcadier, aud our receipts were
| rather light, while operators we're not disposed
| OF the month Hence there WAS no pressure
| on the market, and most Of those present
were disposed to hold OF and rest after the e1~
| citement OF yesterday There we're scarcely
| most of the shorts preferring to wait till later
on before filing. Seller August opened at
5103A, advanced to slo4s4, aud declined to
s1o35Sl At the close. Cash No. spring closed
1.o292l. and seller the year at 51.o1@1.01I.
No. spring was quiet at S1.0slz for new. No.
do closed At 97c, and rejected do a. Sic. No.
Minnesota wheat wns nominal at 3f.14, and MOI
Cash sales were reported OF 400 bu No. spring.
old. at S1.12; 1,20o bu do. new. as sl:o811
is, GOO bu No. spring at 81 1.051S; q, 400 in do
at S1.0514; 2i. 800 bu do at 5155 10000 bn do
at s1.o4;s: 1890 bu do at 5l.o4s4; 1000 bu
| rejected spring at size; 400 bu do at SIC; 400
hu No. red winter at 51.101; 400 bu do at
$110; AGO bu No. 3 do at Csc. Total, 81, 500 bu.
Corn was SLOW aud steady at about the samo
| average Of prices Friday for the August
of the premium on cash lots. The only interest
in the deal was when d lot was occasionally
offered At auction. "on account OF whom it may
conce1n;" such being a relic Of the fray Of tho
day preceding. These lots we're understood to
be grain that inside the S:urges Office at the
timo the door Was shut at o'clock. but refused
because they had not been laid on the counter
before the tap of the bell, or lots sold as
"ca.h after . o'clock yesterday afternoon, aud
refused when rendered before II o'clock this
morning. Under the rule, the seller OF cash
grain after o'clock. has the right to deliver the
next morning before II, il he 20 chooses. unless
the time OF delivery be otherwise specified at the
time Of sale. Most Of these lots we're offered
about l o'clock, making the market close weak.
There WAS no arPaTant fear of another
corner this mouth. notwithstanding the
quarters to that effect The general opinion
among tho shorts seems to be that the longs
have had enough OF it. There is no doubt that
most Of the parties engaged in the late corner
gong out, but it il whispered that their places
are being taken by others, who will have easier
task than their predecessors if the receipts
should fall off, as they promise to do. Seller
the month opened at G154c. aud declined to 61c
Mt the close. Seller September sold at G0H@
61s1c, closing with Gle asked. Cash No. 2opened
at 6.11lc, and declined to Gle, closing at CLIO
61Ac. High mixed closed at &c, under very
good demand for shipment. and re jccted at 591lc.
Cash sales we're reported OF IL, 60U bu high mixed
at CSC; 10000 bu do at G22lc: 2.4O0 bu do at
50Oo bu No. at 631lc; 5000 bu do at 60c; TO-
600 bu do at 62slc; IS 200 bu do nt 62i6c; 81 400
bu do at 62114c: 2,40o budo ut 62c: $4,000 bu do
at 61slc; 900 bu do at 6114c; 81, 600 bu do at
611c; Is, 900 bu do at Gle; G.000 bu rejected at
Goc; 1900 bu do do at 5o11c; 2.400 bu do at SOC.
Total, ass, 200 In. ...
Onts we're moderately active, and s4@1c higher
than yesterday on the option for this month,
which was lu good demand throughout Tho
short interest became interested in the rumor
that tho market IL cornered for this month, and
they took bold freely. while others bought long
in the hope of making profit by hold
ing. The option, opeened at s74cs advanced
to 3sc, and cloHed at 3754. The moro
deferred options attracted but little attention.
Seller September sold at 35h@35Slc. closing at
35xc. Seller the year sold at 3414@35c. Old
oats we're almost nominal at 5oc- New No.
tho close. Rejected (ncw} closed at s3>5c.
Cash sales were reported of 1900 bu No. 2 new,
at 4Gc; 5000 bu do at 45c GOO bu do old. at
5vc; 1000 bu No. white, new, at 47c; 400 bu
DO a h en 6n new hv 1sessSd sans
at SIC; 1s0o bu do'at Soc TO- 500 bu do at 4Sc
1000 bu do at 4714c; 600 bu mixed at 4sc !;
1900 bu do at 47c quo bu poor do ut 40c, all on
track 1900 bu do at 49c ! 200 bu do at 1870;
1900 bu do at 47c, free on board. Total 49,
400 bu.
Rye Was quiet and Sc lower than at the
close on Tuesday, when No, 2 we're dull at 73c.
instead Of 75c, as represented. The receipts
we're reported cf 100 bu No. at tic; 2 800 bu do
at Zoe; 400 bn rejected at G5c and 400 bu BY
simple at CSC. Total 1000 bu. The market
closed at 11c.
Barley vas quiet, with little demand buta shade
frmer feeling tbnn that established at the close
on Friday. Cash No. WAS irregular At $1,000
1.04, closing ut $I.02. Seller September Was weak
early at $1,000, but improved to @1.U2 at the
close. Cash eaies we're reported Of 400 bu No.
at 3l.04; 2,S00 bu do at 3102; 400 bu No. 3
at 95c; 400 bu BY sample at $1.O0. Total, 1000
bn.
TIE ConS-CoRSER.
r. the Editor Of The Ch,eaao Tribune:
Sin: As yon we'll said yesterday the conduct
of the operators in the corn-corner Was dis
graceful. 1t has been as much a usage OF the
Board to make settlements before maturity OF
the option a. TO receive from 4 the corn bought
OF B.
In Board of Trade par!ance. this ia "r!ng"
G sell 70 5000 bu corn, sellerJuly. at G3cents.
He has bought from G, be from j. he from II,
who ia S's broker. In such case the universal
custom has been to make settlement the first
seller collecting or paving diiIerences and ad-
ius.ing with intermediate parties. This re-
fused TO do, delivering grain sold by his brokers
at one minute to o'clock, to prevent it getting
to his office BY 8. It is simply conspiracy to
extort money.
am connected With firm who deal onl7 on
commission. For 17c per bu We buy and sell. and
guarantee both ends Of the deal. We had 10000
bu bought OF parties who bought of SIS brokers.
and 1t came to us at 2;59 md we reached SIS
Office at minute after 8 and found the door
locked, and are called on to par damages up to
pr1ce made BY bogus sales (as the 250. 600 bn at
60c By u. to =. When it Was offered at T0c at the |
same moment). We hope this whole dlsgraceful
business will be ventilated By the cou1ts. The !