644 THE IMPENDING REVOLUTION. 



wheat McCormick & Co. were on the same side; but they 

 were credited simply with covering short sales, and conse- 

 quently exerted less influence. Hutchinson's sales were 

 over 1,000,000 certainly; some thought over 2,000,000 

 bushels. The market was very much under the influence 

 of the big men early; very little under their influence later 

 in the day. The break of i cent in the morning was 

 caused by the sales of the leaders Hutchinson, Cudahy, 

 Linn and others and by the operations of the scalp- 

 ers, who followed them. The rally was on a commission 

 house buying. New York, especially, was in a bull 

 mood; so was St. Louis. It closed y 2 cent higher for 

 July than it opened, while Chicago closed actually a little 

 under its opening. The last cables were decidedly stronger, 

 closing at an advance of ^ P ence at Liverpool. July 

 wheat opened at 80^ cents, sold down to 79 cents, and up 

 to 80 cents, and closed at 79 y% cents. August opened at 

 Ji cent under, but closed % cent over July. 



CORN DROPS. 



"Corn dropped ic. and looked shaky again for awhile. 

 An attack was made on it by Cudahy and some other bears 

 and at a critical time the Friday's estimates came in and 

 showed up large, 220 cars. Cudahy 's sales were through 

 Schwartz, Dupee & Co., and his own house. They and 

 the big estimates took July from 48^ to 47^c. The 

 close was at 480. August was at ic. premium. New 

 York, however, was strong on corn; closing for July ^c. 

 above the opening. Of the 200,000 bushels received there 

 all were sold for consumption and nearly all of it for 

 export. St. Louis was also strong, and closed y&c. above 

 the opening. The receipts (144 cars) were about 50 cars 

 under the expectations. The estimates for Friday, how- 

 ever, more than offset these. It was reported that the 

 railroads predicted a free movement, judging from the 



