St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-09-24
A LITTLE LOWER.
Corn Has a Fitful Day and
Closes at a Slight
Decline.
The Cereal Bearing Down on
Chicago From All Lo-
calitieS.
The Arrivals Yesterday Over 250.000
Bushels, and Much More Ex-
pected To-Day.
Wheat in Better Demand, and the Net
Result of the Session Slight
Advance.
The Bears in Full Control of Wall
Street, and Hammering Stocks
Numerically.
Especial Telegram to the Globe l

Especial Telegram to the Globe
CHICAGO, Sept. 23.-The great corn corner
still monopolizes the attention Of everybody
interested in the markets, though the feel
ing was easier comparatively speaking and
the closing price OF the September option
was &c below that of yesterday. Billy Nc
Henry was Offering to sell September corn
to "whom-ever wanted to buy it." (He laid
stress on this clause at soc this morning,
but if he could buy 5000 bushels of October
of anybody he would oblige them with 5000
bushels of September at 79c, awhole cent
bushel under his regular offer. This indi-
Gates, of course, that Billy's principals re-
gard October corn as very good thing to
buy and that they are perfectly willing to
concede cent or two off the September
selling price if only they can gather in an
equal quantity of October. The corn crowd
was trifle better natured this morning than
yesterday, but not any too good natured
either. 1t was a study to watch the faces;
to pick out the shorts and to discover the
longs. McHenry stood on the step of the
corn pit and surveyed the cash crowd. He's
little fellow, and this coign of vantage
Poole, almost but not quite as small Nc
Henry, stood upon the step beside him.
Poole is a ''short' a1d cross. The fat and
good natured Bliss was in the crowd looking
for a fyer, but didn't want to pay soc Tor it,
and McIIenry did not want to sell any
cheaper. Hobbs had a man trying 10
pick up corn, and Schwartz IL Dupee had
two or three men. Dupee was on hand him
self, and Gus. Schwartz stood in the crowd
all the while. 1t is the gossip that Schwartz's
New York customers are being badly
saueezed-very badly squeezed. Pope, of
Pope IL Davis, was another bidder. This
comes all the harder on Pope because
month or more ago he had all this corn, and
only dropped it after carrying it on a falling
market Now to be compelled to come in
and pay soc for stuff which he himself
dropped in disgust and went short of thirty
days ago is hard, very hard. But, of course,
there were traders in the crowd who had
little lots for sale, and these looked exceed
ingly good natured. The receipts were
pretty heavy this morning, 865 cars Of corn
alone, of which 354 graded No. 2. This
made big lot of cash corn to take care Of
upward of $50, 900 bushels any way. A strong
Clique, it must be, was the comment, that
could stand in and pay soc for a quarter of
a million bushels of corn at this stage of the
game. September corn opened this morning
at zoe, but was allowed to drop to 73c. At
this point, it is claimed a large line Of shorts
settled, some of them buying their stuff in
on 'change and others settling at the Office of
u ID &. N1..l f,-
large amount of short corn on account of
their New York customers. Lots of 5000
bushels changed hands rapidly, but a good
many OF the shorts stood ut a distance, with
their hands in their pockets, predicting that
the corner had collapsed, and declared that
buyers at 73c were fools.
''I'l sell corn in settlement" said Nc
Henry, in his sharp toned voice, sat 7719c
in lots to suit, in lots to suit you, l mean"
he added, glancing at the crowd which sur
rounded him. "Any-sized lots" he con-
tinued, ''will suit me, gentlemen; but / sell
corn at ~ in any-sized lots to suit YOU"
Corn did not stay long under 75c. Pretty
soon, however, Bill McHenry began bidding
up, and then there was scramble to buy.
Prices were putup to 71]5cin few minutes.
1t is now believed there has been very gen
eral settling, though the market is still short
big line The close was at &c on the morning
board and in the afternoon this option was
inactive and closed at the same. October
opened at 5s9ic, advanced to 5913c, recreded
10 SIC, and as few sales were made at 56t5c,
sold up to SOC, and closed at 5S4c. Noyem-
Der sold at 47@4S11c and closed at
47ss@47%c Year sold at 40B@41c,
closing at 403sc. cash closed the same
as September. Buyers of the deliveries then
September were Baker, Cauther, Milmiue q
Bodman, Ball, Schwartz IL Dupee, Rumsey,
Brown and Poole. The leading sellers of
the morning were Thorne, Bangs and Coun-
selman.
AS to the identity of the corner managers
speculation is as active and unsatisfed as
ever. y good many of Armour's friends
are quoted rs saying that Armour is in no
way interested. 1t is now claimed that the
Gig pork packer has confded to an intimate
frend the fact that he hasn't ''got dollar
in anything that grows out of the grouud.n
One old trader was heard to remark that
while many indications pointed to Armour
as the commander-in-chief there were others
that have reason for doubt One of these is
the refusal of corner brokers to settle. while
it Is said that Armour is always open to any
proposition that has bargain in it, P. B,
Weare, who is generally spoken OF as next
In command, is understood TO be a pork
packer and large ranch owner of the west,
Swho is very rich and very sharp. This
vnorning the railroads eentering in Chicago
were the recipients of food of telegrams
ordering empty cars to be filed with corn
for September delivery in Chicago. 1t is
estimated that over 1000 cars were ordered
eo-day and that twice that number
,xill be ordered tomorrow. Dispatches have
been received that corn has been started for
the Chicago market from Buffalo, New York.
Baltimore, New Orleans, and every part of
the corn belt. 1t is claimed that the Burling-
ton road, the leading corn carrying road, is
side tracking corn with view to prevent its
reoeipt in Chicago in time fo- delivery on
September contracts.
Wbea: opened irregular and = triie
stronger than yesterdays close, but the an
nouncement OF an increase Of nearly two
million bushels IN the visible supply caused
s,ree selling and values reeeded about sc,
s,rt sitter the first selling furry the besrs, who
asd been eager sellers, became uneasy at the
failure u prices to decline further and began
auyiur back. They were reinforced by the
crowd generally, aud the market strength
.-,..s ,,r nth an advance Of t0TIl<c. the close