, 1881-12-31
surged over into corn. Many beloved that
It might bs kupt bnck. Others thought TINT

hHlRcu nVel !nlO c0FHs many DclloVeu *HRt
y might be kUpt back. Others thought TINT
tbs sE!,allness Uf receipts proved senrcfty, tlIc
cnrl, having lGrt' consumed during the hard
principle that wl,ulUyEr ~ rlslnK In vaiue
,ntst i,e RoO'l propertX 70 buy. ut this lntser
wllo sent III orders to buy by the million.
TIP II ,sell!ng was partly dono Iy tt,ose who
" by local operators WHO went short In full
confidence ttiat the market would be benreti
by large recelpts as soot, ts tlIG weather per-
ttf n Iesy ts SJn!n ovo tS aay "at Ig atSf t
ielat they soht had too mich dry weather.
The corn cured rapls!ly enough, but the cry
of, "dro,lt1 was raised, followed by nil
1tc1 bnynRE f1or Which is1 carrlsd s M tfe nl,
for October. AboNt this time
THE iiottns DEAL
began to loom up Into grand proportions It
being found TINT great part of thc corr. f0r
October centred In that l!ouss. ,,rhs prlncl.
sass ss Dess ssss Il x' 'es 9e Srei Eli
,xa; S1SyS %iat, il tIsy =, jag t., exRsS;is!l
beeanle Impossible to sell. Tie oircrs wcrs vH
withdrawn, md, then tie market reacted
strongly upward, under fresh buying orders
trin,l I" u,,IHad and apaIn fnnd Es ts IE tgmda
oil tho niort fora hfeik. THEY then resolved
e carry u through. md bought about 4. .ooo,
Uoo hu more nj G,eid5Aic for October, whici,
iook cara. Of itse)f. so fmr NJ tl"v ,snr., r",I.
cur,lcT. The dro1,ih c"ntim,lp,i: b,t stiil
tho corn did nat nrn,i,, 40 wtii .ts hnd l,",.,,
expsictea. .it Then Thy receivers began T. fill
tmant uns r"snnn,lo ~ r., n,tar n LILY ,,,,,,',-
r,lsl, from Wajl street atl1 St. Iouis tlinf
fairly {or ut,fnIrlyj carried Tia mnrk.t otf
jast Eaif OF Snntenlip.r. Tho sei1tnR tlnrinr
thfs ,mrinti VIZ tinma iv Ria stnniisr tnnxas
and by tIlosu WIN were alrently fmrreiv sj,urt
lilo lAtter hopInu TINT The scaro wnl1id soDi,
be over. The rniu rist, took lhe i,r.at}, init mt
Of sIlippcrs. and freiEhis Jecine,1 for inck Of
,l,s,isss. Gcmt ~ rmrI, ,Sns iulsnn T., ItmiT,In @
al 1c pt.r hi. Viii 4 storann r,.hnto nj thnt'
Thu next tiav xc wns f1ceentMf far the srrv-
ice. and Gel. i carnn ySas taken ii, throi,rh r. to
mart If .l,iu,urs. +, wIfrh th. n}lnvtt fir,,rrs
nre n kew cnmi,fncti viii, ti,;.rcnsitE rnceinis'
augmented DIR st0cks at Tho ratio Of about
f % our si.rul,ses @ wurn neariv M fill onc % ro
nnlO,ncnt ilIut fnr ii.e f,rrst.t,t ifs av.mts
Wuulti receJv. m ,nrra corr consi0mei II,
Chicago, and then tho cry was rt,ised that
the Nsw YORK cl'1uu intended 10 coriier the
elevators: gsain not being regWlor uuless
placed III store. Meanwhile tlis market Vas
Very feverisil. and was scarcely relieved
Wsn me- I Rsf9'nc 'i1. jyy jPrs'ty ei kRon 5 !sis g
runcrmrI1fa is tnkn in m tia ist, MI fI"ir
c0ril. Thn firm, Ind nrrntlret for tho usn nj
Sl,5OO. .O0O of New furk funds. bit almost nj
liz inst nIunsmt m iGe NJ" New Y"rk 'i iiaal,c!Mi nj
nuI it was deemed brst TO borrow the casi1
here. il was EASILY tlpne. Ia fht, extet,t If
Si}.lM.CsM i,h1v rnrnivett and mil fnr
5.S0o,000 Gu Oh the tfst delivery day, and tile
over 9.o0o, ,00 hu. It ind bue,, decided to
sl.p sp,,e .u0o. .o0o bii enst, Bit lie I,sosucct
OF 10 mucli to do Induced vessel uEents to
advance thcir asking rnte TO Jc. atltl it wns
was sottl Mi tj,n wny dawn firm, 7t}c oiI] nnII
lii. yi,oie trnI was clnsnti ait nnI ,vn,,1,f
up early III November. it is reported on
good authority tliat ll,o ono t,r!n above refer
bn Of curit tos 0c,ober alone, to say slotl,ing
Of other ,unntIis. making It bv fnr lin Iils
gcst operation ever cUlItuctcl In groj,l in tIo
West. 1t IS understood tint about ollc.tl,Ird
Wall strset. ""' y" "~~>@''' - p'''''S' ="
The heavy DECLINE while REALIZING was
Chiefly due 10 % pressure s from WitllUut, On On
Monday, Oct. :, tho leading short firm {I4yOn
Il CO.. suspended, but tie faet wrs lot gen:
simply tecline,l 10 post additiG,nai margins, lis,
tNoilEj, without authorizing ,i,y ore 10 cIoso
o1,t tl,c[r jeais With li,a. Tiu sans even.
Ing .tlie Directors Of tho Boartl Of
FALLING marquis on November coutrncis.
THIS fAct wns not known outside. e{tllur, but
Hobbs j. Co. suspected some such result,
and begun 10 linloal on Tuestlny morning,
selling about /, ,ae50, 900 bu from 709sc down to
Witnessed. md during Which lie artjon nf
tAu Directors was oll!cialiy reported on
'Chnuge. Gf course a great deni Of other
corn was sold during this tlownrusli, several