New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-09-08
a SCARE IN THE CORN MARKET
AN UPWARD TENDENCY IN PRIcEs-FLUcTUAIIoy;
IN WHEAT.


IN WHEAT.
tBY TELEGRAPH To THE TRTBUSRl
CHICAGO, Sept 6.-The receipts of grain con-
tinue light the arrivals to-day being 121 wi1ter
wheat, 124 spring whelt, 81 corn 1919
s. 4G rye and So barley The make opened
rather weak October wheat dropping from 80 cents to
79 cents and corn fr 52la ns t. 52as cents. The
corn pit was scene o. the wdes excl emelt THIS morn
Ing Everybody, 1t seem d. had suddenly become aware
of the exisenne OF a and there general rush
20 set from uader the alnE structure Ery IN the day
a few "sCapers" among whom GcOr-e c. II ircige,
"tharley7 Singer and COIns Imam, had tho
temerIty TO sell "shorts" AZ about 52l2 cents.
The folly OF this became
apparent, for instead OF dropping, the market
eadiy went upward in the face Of heavy selling or
ders until it reached 54as cents for October, and cash
was quoted above 81 cents. The shorts" were now
thoroughly frightened but the big ones did not dare 10
throw their holdings fear the pulators, who have
the market In their nds would advance the pn'e
to 80 cents The Adams crow tried to cover, aud Kept
a number OF brokers buying all the morning. but dd not
get over 900 600 bushels. II is est mated that ne
market is "short" anywhere from 100000 to 10.
600 600 bushels. and what aggrayatr the case
ia the fact that New-York IL also oyerdosed, and
squeeze is being engineered at that point Hutch
inson Is credited with being "long" $50 900 hu,he
but tho real head and front Of the corner is row
slh to he "Sid" Kent, who 10 reported
TO have both the Chicago and the NewYork market IA
der his thumb. He l. OF he heaviest shippers 10
Chicago and NewYork, aud 10 many umo, smiionnare
There danger of his running "shO' OF unds ora
corner engineered by him c9llapsog. g. oug As the
"shorts" thought hat but IlutchI son was b..
hind corn they were not frightened, for hey know
Hutch" never "squeezed" the boys Tor NOR thtn3
or 4 cents. Kent however ia a horse ola dlh rent
color and the shorts" ginning to which way the
wind blows, frankly tat they nothing to pre-
vent prices being up 70 20 cents
The wheat crowd was ufeess AMI pdcs
barely steady, with occasional fluctuations up-
ward which were always lost Counscluan bought
a good deal OF wheat at bottom hlures
Tllrodgc sold October and b.ught November clifford
sold all Il ~ at auy figure scot Lynn was agln . me
market aud I'D some buying, ON Che Whole he Crowl
was IN d. and business light, attention being aura tel
TO corn. Tho provision crowd Was IN worse go ldltlon
chan he " eat ,rowd. Is alleged that singer dcli.
to-day ~ lrags HnutIug up u TIE u dIr I
inc MI g. r. Alyor said to-day that no thought cora
,,us good FOR 90 GEMS nelorc the end ~ the month 10
a. VA Ue Saws that tho wheat marie 40 IT a. ~ y
huving I, concerned. viii ho wa u1R one f"i,IA
huycrs never come IN thr market when prices ATE Iese
cclts there will likely be IA ch b'nel e,Wss
demand The millers o. his country. Huu W
are simply reenactine the farce Whlch I'VE Wu'
br.ke John Lyon aud all adlz'n rthef thlti-' nuu',N
1hr, arr sending mr. over England I" ,uppV ~.
maud that dos MT exist. cat OF whll 'mln
fore IN Importer % cunet 10 oar mtrkrt snd pm oua'
VIA he wants. This policy guts tue markets. ana V'"
not help but result in lOss. 60.
Al D. IN the market cO Ell at TIE follow hg hgnas'
FOR the Octoh r option: wheat 7ols enls, corn -
cents oats 20 cents short ID 81 o., ari ~ - g er
ieuDer corn, AFTER Advancing TO o'A cents oio'ou '''