New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-09
SQUEEZING WHEAT SHORTS.
DECEMBER MARKED UP ABOVE A DOL
LAR IN CHICAGO.
THE BULL POOLS ALLEGED ARRANGEMENT
WITH Observation-Disclosures
FALLING OFF

Chicago. Dec (SpeciaD-December wheat
shorts had taste to-day of the fate in store for
them. The price marked up TO 81 vi, "a
cents over last night and was closed at 81 WA
There was a sudden jump in the December
trade. shorts. big and little. heretofore ahectihs
Indifference. all showing anxiety to get out
Some effort the part OF large shoT'S WAS
made to get private settlement. Ihere was I"
rumor here that the bulls had made some ar
rangement with Pillsbury at Minneapolis so that
the Minneapolis wheat would not come uo"h
here. There was confirmation or this' put as
the Letter crowd made no effort to-day 10 Keep
the Chicago December price under shlpplhS
parity with the Minneapolis, there was feel
ing that some arrangement had been made 10
prevent the Northwestern wheat drifting this
way The bull crowd announces that II has
made contracts for the moving out Of all the
cash wheat it obtained all-rail and for its stor-
ago East and its final shipment abroad
or course the other wheat futures were af-
fected to-day by the December. May opened
at $685. cents, sold between SOS and VI cents
and closed at 9O1a cents. The worlds visible
supply statement furnished a surprise de-
crease OF 447 900 bushels instead OF the very large
increase counted upon Receipts everywhere
were tapering off, $4,000 bushels at prlhat!
points against o'O.Ooo busheis iast S,, Sea, coo
II is the first time in months that the Nor'h-
western CARROTS have shown less tnaii a. "a &! o1i
ago Here there were 2o0 cars. against - IaS'
year-only 46 Of contract. cSpIes WTIt ~ ~
d,Yerent steady at Liverpool ana lo"er sHsn.'!
at Paris The trade was eXoitaple' Wlthout pe-
ing broad good deal more was oohe III be
cen,ber most Of 1t in small lots IL LOOKS as II
the December bulls were buying May. Inc the
orv is that there will be rush in Decemntr T
some day: meanwhile they Will have the May AT
a big discount Seaboard clearances were
so4 600.
On the curb puts" on May wheat closed at
oOik cents: "calls" 91Hs cents. Puts on May
corn 2SlS cents; calls" 2sss cents
Minneapolis. Dec S.-"The Journal prints TO-
dav what IL says is the inside Of the Chicago
December wheat deal and explanation OF the
o,osh bstween the astute operator and the chi
oago buu clinue The latter is said to be much
stronger than was supposed 1t has developed
,,ot 7. p. Letter is one of the principals in the
hui, CLIQUE. and that George b. French is the
active manager Of It's interests Inc o.'i"0
,,ous with composure the Armour plan Of buy
ing wheat in the Minneapolis marhet s"'pP'"s
g. 20 Chicago and delivering 1t under contract
so late In December that the freezing OF tle
river will prevent its shipment East III Is sup
nosod that Armour expected thus TO secure the
storage of a large share Of the Wheal LOT MS
Chicago elevators until spring. II VIII Ooi''e -. a,
a genuine surprise to the trade 10 iedli ''I'l'
the CLIQUE far from permitting the wheat 10 re- e
n,a;n in storage all winter will ship II a-rall 10
the East where II has already ehsdseu Po'''"
and New-York tonnage for Europe; ,,
In this way December wheat Will De SiiHiI
mated from tie situation. THE Journal as
ar,s that the bull clique is engineering no aru-
Nciai corner, and will try 70 squeeze no oi.e,
THE CLIQUE believes that a legitimate aoNano. an
Is inevitable in May. and is actlhg OH th"'
theory.