Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1881-09-04

the deals left open had been largely cut down
by parties coming in and settling after the
clique brokers had given the reporters the
first rough guess of the amount in default.
Some say there were nearly million bushels
out yesterday morning, considerable portion
Baker trade alone amounts to 100000 bushels,
and it may not be closed right away.
The Cincinnati clique that was is now I'M
derstood, by parties who claim to be informed,
to be out of the market. Of course, they are
not entirely out, as they have trades yet to
close up, but the belief is that the old clique
intend to settle up, retire from the trade, and
put their money where it will do them the
most good. They are said to have found
Chicago just what it was represented TO be-a
very healthful and pleasantAsummer resort,
and after sojournIng here during the season
when all the outside world has been melted by
heat and wilted by drouth, they have decided
to take short rest in some secluded, rustic
retreat where they can
DIVIDE THEIR BOOTY
out of the sight and hearing of the crowd of
noisy fellows who live on the board of trade.
Perhaps they will return in the late autumn to
help the boys put wheat at price that will
represent accurately what they call its merits.
The above are the pointers that were told
yesterday by some of tie gossipy clique brok-
ers.
The crowd takes these reports with an in
crednlous SMILE They declare that the
''clique brokers' were selling wheat from
early morn till dewy eve yesterday, and think
they are actually short on the market. They
laugh, but, because wheat advanced yesterday
in the face of big deliveries of cash property
and alleged "clique selling" and say it has
gone against the Buckeye crowd this time
sure. To all of this gsssip the "clique"
might have replied, in the language of Shakes
peare, Zone lion may, when many asses do. !"
Wheat opened at Sl.21, seller September,
weakened to $1.20X, rallied later, touching
$1.22H, and closed at about $1.21%, or TX
cents higher than on Wednesday evening.
October closed about cents up, at s1.264@
1.27, the lowest figure of the day being
$1.24N, at the opening. The crowd appeared
to be rather surprised at the up turn of prices
in the face of big deliveries of cash wheat by
the clique. Those who sold short on the day
before, in anticipation of big break, fastened
to fill in, and thus helped the bull element to
elevate quotations. Some thought a new pool
had taken hold, and others imagined they
could see the handiwork of a packer of high
reputation in the market. Corn also advanced,
touching Is for October delivery, and closing
at about 64a. The leading markets weakened
some on the call board, but soon recovered
who, one would suppose, had taken course
of lessons in noise making Of the bowling
dervishes of the Orient.
The Offices of the board of trade men were
again brilliantly lighted last evening, and La
Sale street presented the appearance of being
Illuminated for some unusual occasion. The
business houses put in another night at the
work of squaring up and getting affairs into
shape. They declare they are
COMPLETELY TAGGED OUT,
and begin to sigh for little let-up to the
trade, which has been so enormous in volume
for the past few weeks as to make it quite
impossible to keep up with it, notwithstand-
ing the fact that extra forces of men have
been put on, and the services of experts at
figures have been secured at what in ordinary
times would be regarded as extravagant sala-
ries.
The great speculation in grain has been
bonanza to the board of trade firms and their
employees, and many of them will probably
feel, when the time comes, very much like
subscribing or lOaning money for the new
building enterprise which the board is soon to
undertake.
The story comes all the way from q little
town in western Iowa that a party out there
who has been working by the month for his
bread and, butter, drew $200,00e out of the
markets as his share of the gains.
1t is said that the immense amount of
money which is alleged to have been made out
of the August wheat deal by the Cincinnati
many people that no one of them will receive
any very;big pile. The whole length of Third
street, Cincinnati, is understood to have par
ticipated in the deal. All the old merchants
who were loaded down with money bags took
q hand, and, when they found their money
was flowing out pretty fast,
RANsAcKED THE RETAIL QUARTERS OF PORK
oPoLIs
for more, and even drew on Covington, their
Kentucky suburb They are said to have had
great confidence in the executive ability and
the integrity of Mr.. Handy, and when he dis
covered "pointer" in the shortage of the
winter wheat crop, which led him to conclude
there was money in the scheme, these old mil
lionaires all tumbled to it, Clipped in literally
for carrying out the project, and unanimously
selected Handy for their leader. The sequel
shows whether they exercised good Judgment
or not.
It was quietly rumored yesterday that the
Cincinnati people are so much elated over their
success in the wheat squeeze that they con.
template running deal in corn, if coming
appear to favor them. The re-
port is, that they will not be likely to tackle
this month, nor dip in right away, but will De
ready to buckle on the armor in time to give
October corn twist. 1t is much
more reasonable. to suppose they will
try corn than wheat, the receipts of
which may be expected to be voluminous in a
short time. 1t is perhaps worth repeating
here that the late clique leaders and brokers
have allowed 1t to be inferred that now they
are only going to take rest. Perhaps it |
would be well to remind them of the expert |
,nce of one Fairbank, who, it is said, made J