New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-12-04
THE CHICAGO MARKETS STEADY.
RUMoR OF A COMING CORNER IN coRN-ARRIyAL
OF A LARGE NUMBER OF HOGS.
lBr TELEGRAPH TO THE TRIBUSE

OF A LARGE NUMBER OF HOGS.
lBr TELEGRAPH THE TRIBUNE.l
CHICAGO, Dec. 3.-There is a prospect Of a
corner in corn for OF December. The real
engineer OF It will be Jack" sturgess, whose headquar
ters are at Henry Clews Co.'s office, In NewYork. The
trading has been done through Messrs Schwartz Dupee
here Wall Street furnishes the munitions. This Is q
corner" the year option This has become OF course,
now "A corner In the December option
stnrgess when the Cook County National Bank was in
existence and when F. Allen rated millionaire.
WAS called Little Napoleon of produce speculation
He ran huge corn corner for himself upon time.
B. r. Allen his hacker, but his funds gave ont
and then sturgess endeavored TO sell the 2OO00o0O
bushels grain he had bought and enough more besides
TO recover money be had lost during the unsuccessful
corner became nexrcaby entangled, lost his money
and came very the board Several
mouths ago he went TO NewYork get orders and, h is
said was more than ordinarily successful He is credited
here with forseeng this big advance In and with
getting clients upon the "long side OF the MARKET
The purchases It Is said. began some months ago
and principally for year. In this opuon
there was an enormous trade up to
the beginning OF December, that
the gossip about these large concentrated purchases
fue there "a probably very large shortage out In thu
grain for is month"; the option natures at the end OF
the year. The squeeze. II there Is TO he one VIII como
this month The chances for "cOrner" are good The
stock IA small There less than 100000 bushels OK
Nm corn In here. While the receipts are not small
they not less than they were year ago BESIDES
there apparently almost universal Dehel III t1s merit
Of the recent advance IN prices s,ursos ot
to be only sS cn things ansSIsfo1
namely large enough holding OF the option and largo
enough fund In the bank TO provide for margins ana 10
care for the cash property which between lis and Janu
sTv NAV arrive The signs which point to such manip
natiOn this month are these Messrs schwartz Dpee
have the delivery il is asserted, OF all the cash corn
and are quietly looking out FOR sneh az arrives hsa
little remarkable that the cash corn should remain
oho mnniDnlgftOn
hnt the sigma of corner" have just made themselves
apparent. There Is not as yet any general RAJ
a sTn The firm Is long very heavily certainly good
deal more than Is here more those claim VINO ngnse
here That the firm should hold the cash" property,
Should be oug' besides great lot OF Options, ana
tions all these set down as proofs positive that
squeeze medated and sharp one az tnat year
Their corn corner" That manipulation was begun for
the month Of December bnt was eon'unmated most sue
Tie rSceips Of gram were large anticipated to-
G Tb were 23l ears of corn and the number Of
wheat large amount OF grain which did arrive was not
inspected and consequently qua not hgfe III le Tecepss
The railroad men predict tina, sGe Will viii pc be GU1 9.
than to-day, how much larger they DO not say Lnere
Sd az S oTsS o@ aay Prices de-
clincd 10 cents IL is expected that TOMORROW there VIII
usi news WAS received from yard there was drop in
provisions At the opening corn was ntte weak 700,
provisions became mer, and ut night when May corn
Was "a cent above low figure OF the day OF
m a., December pork closed at SIC 50; January az
siS IS: December lard at - 229 January at - 37a
1aat are IN this market with an army Of porers at
the ward IL will need deal OF DuyinS 10 support tue
present prices s 81 hS sna corn viii feel the effect Corn
closed y above last Saturdays price, December ana
day being time nearly cent under last weeks
price, rang little and resoverng half the o .os
January al 81 d, May at 81 O47s