Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-08-22

Badly Squeezed shorts at Milwaukee and
| a Few Small Failures-A Day of Excite
ment and Wild Fluctuations in st. Louis
Some Large WiDners-The Cincinnati
Clique Holding Up the Chicago Market.
THE MILWAUKEE SQUEEZE.
MILWAUKEE, Aug. 20.-There were violent
| fluctuations in the W heat market to-day, but
there was less real excitement and smaller
transactions than on the two days preceding
September opened at Sl24 at the morning
board and broke off to Sl.20I at the noon
board, but rallied somewhat from those fig
ures. The shorts have bees badly squeezed,
but only three or fou rsmall dealers have been
obliged to suspend, and their liabilities are
light. The theory that the Chicago clique
has sold out is not credited by the best in
formed here. 1t is not expected that any of
the prominent firms will be obliged to SEES
pend.
WILD TIMES IN ST. LOUIS.
ST LOUIS, Aug. 20-The the market open
ed this morning with an advance all along
the line and wheat reached the highest point
it has yet attained. The excitement was Wild
an, intense and it looked at though the bulls
had everything their way and intended 10
force prices to an extreme. An advance of
4c was established on wheat and \ C to = C
on corn within very few minutes, hut q
turn soon took place and prices dropped even
uiOiC IdPiuig tudu lucy dQNduCCu,
becoming numerous and strong disposition
to let go being manifested. Wheat fell 24@
21s from the top, and corn sold Ok a &c be-
low the highest figures. The. decline WIS
started by longs here and i'll
Chicago trying to realzeon the deals, and as
soon as they commenced selling what
are known as tailers Chose
who followed the heavy dealers
who had bought at high prices) let go with
rush, and this, with The assistance of the
bears, completely broke the market and pro-
duced great generalization. AT the noon
call corn got another black eye, falling 2@3c
further down, with free Selling. After the
call, however, reaction set in and prices adj
vanced again; but there was only partial
recovery. The market was the most exciting
and the scene on Change the widest ever
known here.
THE WINNERS IN THE DEALS.
ST. LOUIS, Aug. S0.--Several parties who
were heavily long in grain on this market,
sold out yesterday when prices were highest,
and reaped very handsome profit. Ben. w
Lewis, Jr., formerly of the North Missouri
road, is said 10 have made 100000 in his
deals in wheat and corn. r. Greer, of
Littletown, Aultvile, Mo-, is credited with
profits of $50 900, and Geo. Wede, of this city,
is said to be Sl50,c00 ahead, here and in Chit
cago. Other parties who commenced buying
at bottom prices, being satisfied with profits
to the present time, have also sold out and re- -
tired with pockets well lined. Two commis-
sion houses of this city have closed out deals
which have realized profits for their custom
srs reaching almost 81 100000.
THE CINCINNATI CLIQUE.
CHICAGO, Aug. 20-NO d. finite informatic
ian be gathered as TO the status of the Cine
lati clique in the wheat deal 1t is positiv'
lsseried on one hand that they have nea
,losed out their interest, and On the oil 49,
hat they are in deeper than ever, and to-
,ffcred to buy 2,10n,000 bushels. The
viii probably he fouud to be that a few
hem are out, but 'illit their places have |
lied by Others who will prevent any imm
to heavy decline.