The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1874-08-04
DEPARTURE or FRITNa,
GtreQmtelliqetrrer.
CORN AND OATS.
The Recent Corner in tho Chicago


Market. -
l!rom the Chicago Tribune Of Saturday.
Corn was active and excited, but SO If.
regular that 1t is difficult to compare the
market with that oil yesterday, when the
range on cash corn was GGa72c. To-day
it was 03a90c, being Sc below and 19c
above the prices oil the day preceding.
As is well known, today was the date for
the elimination Of the July corner, and
it did eliminate with vengeance, In one
Of the most dishonorable tricks ever re-
sorted to in the history Of the trade.
Liverpool and New York were both dull,
but those facts msdo no difference to the
market here, which depended altogether
upon the local consideration Of shortage
tor July. The receipts Of this morning
were enormous, and probably forced the
parties controlling the deal 10 let down
prices, as they had to be prepared to take
all offered. But that very fact made II
easier TO control the deal, as many OF the
shorts, seeing signs OF weakness, con-
cluded that nearly everybody had filed
but themselves, and that they could at.
ford to wait Tor the lest moment. There
was another element checkmated by this
movement. Several parties had held over
corn in lots Of from 5000 to 100000 bu.,
expecting to be able to sell it at the top,
and were glad 10 accept less prices than
yesterday in preference to carrying the
property over till tomorrow. This corn
once cleared out Of the way, the combina.
ton began to chow It's strength, and push
ed prices up spasmodically 10 the close,
amid growing excitement, which was
most intense as 3 O'Clock drew near. The
ordinary division Of time into regular and
afternoon sessions was disregarded, the
trading being kept up systematically by
the parties concerned. Seller the month,
or cash No. 2, opened at Csc, fell of TO
Csc, and was offered at one time at G2c In
settlement by party outside the COM
blnatiOn. II then rose 10 Csc, and ruled
comparatively steady at that price for
nearly anhour. Then 1t advanced 10 6oc,
and sold at zoe and 75c in rapid success
sion, with one lot Of 100000 Blu. sold at
SOC, which was generally believed to be
an inside trade between members oil the
combination. The market closed on
Change at 75c. In the afternoon the
price rose fitlully 10 DOC, a. which price
Jones & Raymond sold 5000 Blu. to Stur.
sis just before the tap OF 3 O'Clock.
This was the end Of the business
day, and deliveries were in order,
which will be spoken Of subsequent
ly. Seller August attracted very little
attention early, but became excited later,
when Il was rumored that the ring was
buying, and intended to carry the deal
into next month, with bigger squeeze on
the shorts than now. This is not imposs
ible, as great many operators have sold
short recklessly, hoping TO recover their
July Losses on the big decline which they
expected would ensue on the expiration
Of the present corner. The option opened
at Coo, declined to 50Ec; then advanced 10
Gee by the end Of the session, then fell Of
to Gle, and closed at G1tc. Seller Sep
TENDER sold at 59aa6lfc, closed OF ]
o'clock at 6lic. High mixed closed 81
the same figures as No. 3, andTejected
closed at about CSC. The combination
sold 100000 Blu to-day in New York o.
SOC, which brings them SOC per Blu here
Cash sales were reported Of $50 900 bu q
SOC; 5000 bu do at 7Sc; "a 400 bu do o
75c; IA OO0 bu do at zoe; $500 Blu do q
GOc; G7OOO bu do at Csc; 80, 900 Blu do o
&c; "a, 400 bu do OF Coo; $500 bu do q
0iic; 5000 Blu do at 64c; 10000 Blu do a
O34c; 10000 bu do at Csc; 5000 bu reject
ed al SOC; $4,000 bu do at 68ic; 10000 bl
do at $50. Total, 10000 Blu.
Oats were active and excited, much tn
same as corn, it also being cornered. Thl
market for cash advanced Gle per bushe
on Change, and lie further before tire
o'clock. Thesqueeze was most complete
as there were practically no oats here u
deliver, and the deals were necesaaril.
closed up by settlements. The stock 9
No. Q Is understood TO be less than IS ,0O
bushels, and there were 10000 bushel
otShorts out to one operator this morning
besides few small round lots to othe
dealers, making about zoe, 900 bushels Il
all, The market opened at 5Sc, and 10
some time the controller Of the market BIZ
54c for all on sale, while Offering 10 settl
at 55c. A few settled at that figure, bu
the majority held of, whereupon he iad
vanced the figures to Coo, OF which mos
Of tho shorts grew alarmed, and filed il
The few remaining ones followed th
market upto Tic at the close Of Change
with an occasional settlement, and zoe wa
bid for 5000 bushels on the adjournment
In the afternoon the market advance
still further, and Just before 3 O'clock 8
900 bu were sold at $3.50, which was III
highest price OF the day, though Their
were rumors Of 90c being paid. After
o'clock, the market settled down TO abor
60c Tor cash. Seller August was model
ately active, at 36sa37c, closing at 36s'
which was an average OF about &c hight
than yesterday. Seller September sol
at 34ia34tc, and seller the year OF 81!
34ic. Cash sales were reported Of 1000
bu No. . at Tic; 5000 bu do at zoe; 7,2C
bu do at COO; 10000 bu do at 55c; 2 600 b
do at 54c; 5000 do at 53c; 6,200 bu ne
at 60G 1900 bu do at 45c; 600 bu do I
4Sc; 600 bu by sample, white, at 54c; OF
bu do at Acc; 600 Blu do mixed at 49c, @
track; 1900 bu new white. at 47c; 1,2C
hn new mixed at Acc, FREQ on boar
Total, $4,000 bu. '''' '
We note that one excitable individu
stood through oil the turmoil of the o
tsrnoon With receipts for 6,0lS bushels
NO, corn in his hand, and watched Il
market up, up; hanging back even al 90
Tor further advance, III the striking
the bell awakened him to the conSoiou,
neAa nj the fact that ha hal ,sir a