St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-11-08
CORN The FEATURE.
A Roundup in the Market
Which Looked Like a
POOLS Work.
Expected Falling Off in Re-
eeipts Used to Boost
the Price.
Wheat Advances in Face Of
the Largest Visible Sup
ply on Record.
London Buying Was an I'M
portant Factor in Wall
Street Trading.

CHICAGO, Nov. 7.-There was round up in
the corn market today which looked like the
work of pool The price was given jump
of over a cent today in very short order
When the advance was over the buyers on
the way up were ready to take profits With
the receipts showing Asst cars. and nothing
on the board about Sunday inspection, the
market was started Ac higher for near
months and steady for May around ACC. The
Withdrawals were very good at 4sl.OOO bu
The weather over the entire orn-shipping
Sc .tion was of the worst The reports about
husking turning out poorly were on the in
crease.
Provisions were sensatonally advanced,
and traders made nervous or the grain mar
kets With these conditions Schwartz
Dupee. Charles singer, Champiin and few
others began buying furiously. They took
propably million bushels of corn in thirty
minutes 1t was rumored that Pdttons and
Bartlett Frazer, who are heavily short were
covering Smaller shorts were frightened TO
cover on the advance. The market weak
ened a trifle on the taxing OF profits but at
the close corn, compared with Saturday
night. showed a gain of about lie. oats s4c,
wheat I2c Provisions were advanced 22l2c
in the price of pork, SIC in November, and
7Iac in January and 10c in January ribs.
The advance in wheat is i'll the face OF the
the local receipts were nearly 23C cars more
than expected There was every prospect or
a large increase in the visible, ana English
cables were lower But the weather was IN
clined to be stormy, which was expected TO
cut off receipts some, and zero weather was
reported in many places in the Northwest.
This in addition to the fact that some big
operators were disposed to take the bull side
and were active buyers, quickly caused other
considerations to be lost sight OF, the shorts
Nd a
steady advance resulted. Outside trade was
slow. but. considering the fact that polltcs
was the absorbing topic the local profession
ais were quite busy.
The decided strength which ruled IN corn.
oats and provisions helped materially TO
strengthen wheat, and connteracted the eff
feet of the 100000 L00-bu increase in the Wis
ible supply. Many of the traders also ola not
want to go short over election day, and
their buving created Letter feeling Inc
market opened easy at Saturdays closlpg
figures declined Ac, rallied 9sUS4c and
closed a shade from the top. The largest
visible supply known before that OF today
64.7l7.000 bu, was on Jan. |, 1887, when 1t
was 81, 730, 000 bu. A year ago IL amounted
ia IS or, roo bu.
Oats were very firm all day. There was
good buving by Coanselman and Schwartz
Dupee, also BY shorts. The longs dld their
best to ''whoop things up, ana TO them pc
long part of the credit for the strength.
The visible supply cut no notlceaple hEule
in the market
There was quite whirl in provisions, but
in the last hour the market eased off some
The small receipts of hogs in comparison
with the estimates was all opportunity for
hosting prices which the bulls were fully
alive to- Wright bid for pork with a freedom
which alarmed the shorts. and made them
clamorous for the article for January deliv-
cry. Numerous offers to sell 25O-barIel lots
were made, but the speculator named want.
ed it in chunks, and took only lots OF LOW
barrels or over. Pork advanced 37l2c com
pared with Saturdays closing prices, but re-
ceded to an improvement at the close OF
22I2c November lard was extremely scarce
and it advanced on very little trading.
Freights were in good demand, but vessel
room scarce. shippers bid 2S4c for wheat
and 2lac for corn for Buffalo Estimated re-
CENTS for tomorrow: Wheat, $50 cars; corn
$40 cars; oats, 175 cars; hogs, 1000
The leading futures ranged as follows: