The Red Cloud chief., 1888-10-12
A LONG DUMP.
A Huge Pil0 Of December Wheat
Thrown Into the Chicago
Market
A New York Boar Caught In The squeea
Commits Suicide The British Grain
Ttade.

VomuiO buicius- ihe BRUSH 0faip
Ttade.
CHICAGO. Oct. o.-There was q huge pile
Of long wheat dumped into the pit yester.
day morning and December was generally
counted a sale. The market opened at
Si.?? and gradually ran down during the
first hour to 81. ~. Hutchinson seemed TO
anticipate the temper of the market. fof
he had his brokers In the pit selling heavi.
ly from the first tap Of the bell and the
crowd followed suit, and tn. result was
She depression. No one seemed ~ know
just what the situation In December wheat
was. The Fairbanks crowd IL said to 10
5,G0.O On long. but Il 10 too early % run .
corner and instead 81 having people set.
fling with them they are too apt to
have the wheat delivered to them, and
Just b they will do with II no one
seems to know. Hutchinson 10 said 10 he
short of December aud q seller of May,
but his large sales of tho former month
would hardly bear this statement out. a
largely increased stock In New York aud
1000 cars on the track a, Minneapolis had
more or less To do with the depression.
The day was one of rapid fluctuations Ice.
tween $i.l-i. and ~. 10, Quite n number
vi DvODlt belltN'u On general Df1utlnlH9
that the price had been doomed too fast
aud too high aud they We're prepared to
sell 70 little.
IN corn there was what the bows coil n
'razzle dazzle" and the suspicion that
there was an effort being mad" 10 shake
out the longs and Increase the shorts was
confirmed. Baldwin ven In and pounded
November down to ~ cents without
selling much, aud then under Instructions
from Hutch" bought all there was for
sale, bringing the price up 10 iji cents In
n few minutes. The crowd wa not slow
to see that the old man was trying to
catch them short on November. and then
have fun with them. and they refused to
be- conSod. The market remained unset.
tied all day. November corn closed at -
cents.
There was n modcrat" trade In provt.
sions and SELLERS of pork were scattering
and the principal buyers were kirkwood,
Robson and Singer. The impression pro.
vailed in the pit that Fairbanks had been
secretly trying To unload his lard during
the last few days.
STIR AGAINST the SUGAR Trust.
NEW York. Oct. 1.-Judge O'Bri.n yes.
tcrdAy granted permission 20 Attorney.
General Charles 4. Tabor Ia bring an nc.
ton against the Havcmcyer & Elder Sugar
Refining Company t. annul its charter
This company, with thirteen others, IL Q
member of the sugar trust combination.
The Attorney -6cneral has appointed Gen.
eral Roger a. Pryor "a counsel tn repre-.
sent MN III TINS matter.
Edmund II. S"ntenn" makes the princi.
pal affidavit In the case. He recites that
tn" sugar trust was formed IN August,
1877, for tho purpos" ct arbitrarily con-
trolling the manufacture and sale OF sugar,
increasing it's price and controlling tho
in"nns"n'cht OF nI' rehnerie'' IN octobsr
last IN" TRUST de'" was executed ana
h"Vcin"S"rs r'Uhery under IN" trust
PASSED "nu"r the cohtrol or the trustees.
Inc 'oihni'"'ioh su'P"n"'" an" closed
several rohhe'ies connected win IN" trust
To want a large number of w~otL'nsmcn
inc combination ~ alleged tn he Illegal
monopoly nndn criminal conspiracy under
IN" laws OF the state OF Vow York md to
u" orPressiv" To its people ana detrimental
I" thc welfare of the state OF New Hots
ana OF inc United states bv becoming "
party TO this combination II Is alleged the
u alan A. AIA A A"