Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-10-12
The November Corners Well Under
Control Of the Cliques.
SHORTS on THE. ANXIOUS SEAT.
The Stock Of Hsg Products Small, and
Growing Less Daily.
A BIG DEALIN WHEAT RUMORED.
The Moguls OF the Trade to Squeeze the
Small Fry Out Of the Market.
CHICAGO.


markets were moderately active. Wheat
sold 4@5sc better in the morning. but
eased off again in the afternoon, when a
weaker feeling influenced everything.
Corn continued its boom, advancing Il &c
for cash, 1c for October, A@%c for No
vember. but May lost &c. In the after
noon a decline of 15c was experienced
Cash oats were frmer, but the long fea-
| lures shade lower, improving however,
in the afternoon. Provisions were lower
and irregular. October lard showed de-
cided weakness.
Regular wheat was fairly active and
! rather strong early, but weakened late,
and fell off as@1sc, afterwards recovered,
then f1uctuated within a moderate range
and at the close cash Or October was about
&c higher, and seller the year about 1ac
lower. The business was good, and at the
close the feeling was rather steady. The
bulk of the trading was in November and
December though there was fair amount
of trading for the year. The May option
was traded in very sparingly. On
call prices were not quite so
strong. Winter and spring were
quiet. the former being held firm and the
latter a shade weaker. Flour continues
very dull, showing no change.
About 100000 bushels of the defaulted
contracts in July wheat have been settled.
S. II. Larminie 4 Co. have withdrawn
their Injunction and settled $4,000 bushels,
| and it is understood others are doing like
wise. Poole, Kent IL Co. had been cited
before the directors by L. Everingham d
Co. The former are understood to
have defaulted Oh quite line of July
wheat, which has been standing open pend
ing the decision of the court in the i'll
junction cases. Yesterday was not com
plant day, and it was limited that the d.
rectors did not entertain any complaint III
their Theoretically sealed session.
Corn was active and recovered sharply
from the decline late yesterday. A good
speculative business was again transacted
III the market, and the shipping demand
was also fair. Still the aggregate trading
was not as liberal as yesterday The
feeling was trife unsettled
but rather strong. The receipts were again
| light and this was one of the principal
reasons for the prevailing frmness. Mar
ket advices from other points were
generally favorable. The market opened
about 1s@ &c higher, and quickly adj
yanced an additional &c, then fuctuated.
reacting trife, bat again advanced and
| reached the outside point of the day, which
was about the same as the highest figures
reached yesterday. Excepting for seller,
the year and next year futures, which did
not reach within about &c OF yesterday. S
outside figures, fuctuated and finally
closed about l. &c higher for October and
! cash, 4 higher for November. &c higher
for year, and &c higher for January than
the closing figures On Change yesterday.
while May vas about the same as at the
close yesterday. On call offerings were
| rather free and prices were shaded about
&c. Nearly 100000 bushels of corn
were sold on the call yesterday, and the
transactions On the big board probably
aggregated 2O.O00,O00 bushels While the
transactions to-day did not come up to these
figures, they were unusually large, over
100000 selling or call, and perhaps 15,-
100000 on the board. --,,-,.s
The sales are SO enormous that a good
many got, the inpressiop that the CLIQUE
running the speculation IN corn for No
veinber had realized Oh their purchases,
While there was great many heavy sell
ers.J. L. Lester & Go. continued BUYERS.
and this fact is Of Significance John T.
Lester" said an operator whose news is
always reliable, now has charge of the
November corn deal. Lester was lone OF
big line of corn November. and sought
an interview with the people who month
ago figured out that there would be a short
age III corn next month. He proposed
that he be given the management Of the
operation, and that in consideration of
this fact he turn over his long corr into |
the pool. Nathan Corwith's crowd and |
jno. b. Lyons are now allied with Testers, |
and the latter gentleman is managing the |
1t Is not to be expected |
that the figures viii be crowded very much
higher at once. The shorts have been
frightened for two days past.
and # the market Is not let of little they
VIII all come IN r. z. Hutchinson is
buying the year options Of all sorts of
gram. To-day on the call he took, together
WITH good deal other, two quarter million
'ushei lots Of corn, and his purchases of
ear wheat, while not so large were heavy.
here IS but little doubt that the short
ales have been SO enormous that tie J
ilque buyers can have everything their E
WE way. if they wan. il, for the next ten +
ays. TIE shorts made wild scramhIes to Y
ny IN the short stuff, and as the receipts i
ere very light, cou pied with foreign ad Z
ices, the advance was foregone conclu- b
ion. There were many runors of failures n
nd one seemed to be a certainty, but the |,
r,n pulled through the crisis, and with s.
o further advance tomorrow will come "
ut all right. "
The stock OF grain III store here is s.
1o9.1SS bushels, against 2.658.226 one Il
eek ago, while the receipts were only n
ghty-tive car loads. The shipments were Ii
5000 bushels. This is cansing great So
arm, and there is every indication OF II