St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-08
C0RNERING OF CORN.
This Said to Be the Business
Of Several Chicago Spec
ulatorS.
They Are Reported to Have
Secured 100000 Bush
els Since Thursday.
Wheat Easier and Dublin
crease Of the Trade in
Provisions.
In Stocks the Whole List Is
Brought Down in
Fractions.

CHICAGO. Aug. Corn and provisions
made the running today on Change. There
are apparently strong bull cliQues in both
articles, taking good care that no point in
the speculative situation capable of being
turned to account is counted for less than its
bull value. Among those said to be enjoy
ing the fruits of the advance in corn are
Bryant, Bartett-FraZier Patton Bros, C. NJ.
Armstrong and w. Andrews 1t is current
rumor that ABOUT $4,000 bushels of corn
was put TO the clique on privileges yesterday,
and they got about 100000 bushels more on
calls today. The sellers of the latter were
the parties who were climbing for September
corn near the close today.
Wheat was tame in the midst of surround
ing bullishuess and activity. 1t managed to
secure an advance of ssc while corn is ll4c
higher, oats up l2c, pork SOC, lard 17l2c and
ribs 22l@c since yesterday.
The situation in wheat was looked upon as
essentially different from that i'll other pits.
Gables were easier and dull. ard domestic
markets slow with the local TRADE of small
volume. News as 10 the wheat crop was in
the main favorable, and while the exports
from both coasts We're nearly l,5O0 600 bushels
larger than the week before, the available
stocks are reported heavy and about 100000
bu in excess of those of a year ago. In addi-
lion was a reported lack of foreign orders at
the seabOard. The heavy receipts at the win
ter wheat markets continue u depressing
feature.
Corn was active and excited. The shorts
bought freely. Dispatches from Kansas City
stated that the temperature there was the
hottest of the season and that unless rain
came Immediately the crop would undoubt-
edly suffer. The stale report OF Kansas IN
creased the acreage IA per cent, but said
corn had been greatly injured in some places
by drouth. Advices of hot winds were heard
nf frnr rtnrG nd In toraf
said to be shrivelled up and in critical con-
dition. Market opened with a l2@ssc ad-
vance and Immediately sold up $Sc, reacted
Ss@l2c. and then steadily rallied 14MlSsc,
receded lsc and ruled firm to the close. lie
celpts here were less than expected.
Oats we're fairly active, and an unsettled
feeling prevailed. The opening was iIregu-
lar at A@l2c advance. For a time the mar
ket held steady, but liberal unloading by
longs created weakness, and prices re-
ceded SsGl2c. There was liberal selling by
the crowd OH the break, but as corn was
strong and higher it started the crowd to
buying. There was also liberal buying for
the outside, and prices advanced l2@I5sc,
closing firm at the OPP figures.
The one thing needful to make the pro-
vision market broader and stronger was an
increase in the outside trade. This has come
with the big upturn in prices. Country
houses that would not buy a barrel of pork
at $40 are now rushing i'll buying orders at
Sl2 %. The same is true of ribs and lard.
Commission houses all day long had rush or
ders 10 buy products at the top prices The
higher cables on lard and the light hog move
mept, the anxious buying by shorts and the
help of the big houses interested in higher
prices all made Zig bull market
There was good selling on the bulge by
heavily loaded local houses.
Freights were firm at the recent advance
al .lac tor wheat and 24c for corn to Buff
falo.
Estimated receipts for Monday: Wheat.
52O cars; corn. 800 cars; oats, 206 cars; hogs.
24.000.
The Leading futures RANGED as follows: