St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-12-11
CORN AGAIN BOOSTED.
The Hog Feed Engrossed the
Attention Of Operators in
Chicago.
Trading Was Spasmodie, and
Shorts We're Rushing to
Cover.
ManipulatorS Of the Corner in
the Shade, but Their
Power Felt.
Little Doing in Other Markets
wall Street Tone Is
Strong.

CHICAGO, Dec. l0.-The corn pit again at
tracted the attention of operators today, ana
the feeling was very feverish and decidedly
unsettled, but with prices averaging consid-
erably above yesterdays close. The business
was quite spasmodic, with occasional rushes
to cover, which would send prices up two or
three cents in short order. and when the
spasm was over dullness would rule for
time and gharp declines follow. Conserva-
tive shorts were anxious to cover, and out
side operators i'll particular were disposed to
evenup.
The selling was restricted. as in the face of
such evidences of manipulations the last two
days has furnished there is not much DISPOSE
ton to sell year short, and the offerings were
mostly Of long corn to secure profit. Nothing
more definite is yet known as TO who the
clique Is composed of, but there is no longer
much dispute as to its existence, or as TO its
ability to make prices.
The trading was attended with less excite
ment than that of yesterday, partly because
the fluctuations were somewhat less wide
and violent, and partly because the trade is
becoming used TO lightning changes in the
price of this cereal. The proportion of the
receipts grading contract remains very small
or 81 car loads inspected during the past
twenty-four hours only seventeen passed
muster. December opened at 55c against
53l2c at the close yesterday, and with little
tons within pretty wide range above that
figure, finally touched SOC, which proved the
highest price of the day, against Toe as the
top figure yesterday. Then season of weak
ness set in which carried prices down to 55c.
During the remainder of the session the
market was slow, and the close was steady
at sec.
January was bought rather freely and ad-
vanced from As TO Acc, closing l2c lower
May was less affected, and closed I'M
changed. "a s
Wheat opened very dull and quiet in SYM
pathy with cables, which lent no encourage
ment to investors, and because there was a
tendency 10 await the appearance OF the gov
eminent crop report. due later in the day.
May held for time at 9Sl209sB4c, but when
ii was known that New YORK had cleared
562 900 bu of wheat and IS, 900 pkgs OF -four
the trade revived little, and with good buy
ing there was rally TO 99lsc. During the
last hour. however. Ream and other shorts
began 10 sell, breaking the price TO 9Sl2c, and
the close was steady at 9SSsc
Oats were quiet but firm during the morn
ing, but were slow and easy during the
last hour. closing steady without material
change from yesterday, except December
which was higher.
Hog products opened lower on an estimate
that the receipts of hogs at the yards would
reach 5000 head, while prices there were 10c
lower. Later in the day. however, the mar
ket frmed up, and the close was at moderate
advances over yesterday.
Estimated receipts for tomorrow: Wheat
235 cars; corn, go cars; oats, $50 cars; hogs,
$4,000.
Tine leading futures ranged as follows: