St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-11-30
BIG CORNER IN CORN.
Did Hutch and Jack Cudahy Are Engi-
neering the Present
Del.
The Present Months Delivery Advances
Twenty Poin,s and Is Sill
Going.
Financial Operations Of the Money
K.ngs---The General Quo
tations.

CU1cAGo. Nov. 29.-After 9 long Interval
of comparative neglect, the corn market
commanded once more position interesting
20 the SPECTATORS. 4 corner in the present
months delivery quickly developed ITSELF
but did not at first give token of the amount
of force which lay behind il. So unprepareo
were the keen sealpers who are nothing II
not watchful for signs of such movements
that one of their number sold 10, bu FOR
November delivery at S5lsc, lust Tor
SCALP. as he said when he made the sale A
few minutes later he paid 4lc to getit back.
and the 500 scalp hanging 10 the other
mans belt The subsequent course OF the
market proved that the last purchase was
wise. even if the previous sale hao
been 70 dish. The opening price Of
November was 33l2c. and about the same
time sales were made at from 81 to 34Ae.
The price quickly advanced. amid great ex-
r;tement. 10 Soc S6lac. 39l2c, then of TO
3Sc. upward once more. reaching on The
second stretch, u &c. Outside news and other
Influences outside of the corner were neg
IeCted or ignored, and the December de-
livery received some stimulus frnm Inc fact
that the parties said to he the print ipal hold
ers Of seller the month contracts hal Teen
heavy purchasers of December for a week
back There Is only about 500oOn bu OF NO.
? and No. - yellow corn i'm store h re now.
so that the cornering of this month delivery
is go difficult matt r. seeing that tomorrow
Is The last day for delivery. There was FAIR
amount of activity in the other futures. and
an advance al around was, in the end eS-
talli~hed. November closing at l0c bid. or
2ls4c higher Ihan II closed on "Wednesday.
There were all sorts of rumors about the
deSL Some people thought il was run by
Jack Cudahy. while others had il that II was
the work Of Eastern traders, and still others
thought that certain wealthy aldermen were
back Of it, Quite 2 numDer CLAIMED that
Hutchinson was short ! 100 o bu of corn,
but others were confident that he was run
ming the deal. This was the way he sprang
his great wbeat corner last year. and il was
regarded as a significant fact that he paid
Gle for car lots of cash No. - corn this morn
ing Just after some had been sold for soc. II
is predicted that the price will be up TO 81
tomorrow. A me- deIate SPECULATIVE bust
ness was transacted in wheat and the
feeling was q little tame. LEGAL traders
rather inclined 10 the selling side, and
prices averaged lower. The buying was only
Of a moderate character and rather scattered.
though moderate purchases for May delivery
were again reported on foreign acct mt
Fluctuations were confined within small
range, covering lS@ 5sc. The opening was
lac lower eased off lsc more, then rallied l2
G15sc. fell back again ssc, and clused lSQ l4c
lower than Wednesday. There was nothing
in the way Of importance in outside news 10
affect The course of the market Gales were
generally quite firm. The reports al Mime
apolis aud Duluth. although quite large were
smaller than the same days last week. Mer-
chants reported having received cables bid
ding an advance Of I'd for spring heat ever
their offers earlier in the week. OATS
were quiet and steady. there being too much
excitement in coin for operators to give oats
especial attention. A little more strength on
mess pork was exhibited early in the day,
and prices ruled G17l2c higher on the longer
deliveries. Later the feeling was easier, and
prices declined @I2l2c. The trading in
lard was moderate. The feeling vas stronger
early, and prices ruled 24205c higher, with
fair sales at the advance. Later the market
receded again, and the market closed rather
quiet. Short Ribs Sides-Trading was COM
paratively light. Prices exhibited very little
change.
The leading futures ranged as follows: