, 1872-11-21

! Withdrawn from store yesterday fer city
consumption: 2,t72 BIZ wheat; SAP bu corn ;
| zoos bu oats; 42G bu barley.
The following grain has been inspected into
store this morning, up 70 10 oc}ock: SlA cars
wheat: % casa corn; - cars cats; AZ cars rye :;
60 cars barley. Tota!, 267 cars, OF LOG, Geo bu.
| The warehouse question, ard the recent rev.
elations concerning its capabilities for expan-
zion in the hands ol euch mon IS 91unn & Scott,
formed tie subject Of much comment on
| Change to-day. In fact, there was moro real
| discussion about it than Oh any day for long.
| while past, because the question was extensively
| raised" Wlo IS to bIame:" 51unn !, Scott
| could net ha7o been so far behind for several
year5 without tho fact being known, in q
general way to Several people. A firm occupy
irg q prominent position IN the business-world
cannot hang On to eoiyency by the skin Of its
tho preca:lous situation, and pro;i1ing by tia.
knowledGe. lsTou!d be Of great interest to the
commercial community to know rho made mon
e. BY keeping silent, and how much it
that the reputation of that house had .'falso
bottom" Iha! there arc such men is morally
certain; and it is not improbable that they arc
to be found to-day among those who speak in
terms Of severesS condemnation OF the discoy-
cred fraud. just as tue parasite that preys upon
parasite IS 8 mora despiaabl5 ami
NAL than the intermediate pest. so
are thesa second hand blood : suckers
more to be desp!5cd than tie men rho do the
original stealing, Yet they are protected br such
thick veil OF secrecy that it is doubtful If tho
publc finger OF acorn will ever be pointed
against them-usuch less Will they erc1 erncr
Tor tbs part tIey have played in the tragedy just
terminated.
Mum l. Scott matter, TIE discovery Of their
conduct. and its universal reE1otation. will oo
valueiess If it do rot result II at least two con-
dl-lons. One is that the warehoueemcn Of This
city shall show that they deserve tbs PUBLIC
Of their present: statrs; tho other is
that the receipts OF warehouse
shall be dscrcdited. If il be krowa tia: tbs pro-
Frietors OF that elevator gacl5lo in grain. I.
may bo said tha! With an efficient system of
registration and cancellation, further frauds arc
Impossible. But even If this be eo the state.
nent CT condition is necessary to prove tha: ths
sFstem is now sound; not that it canro: becona
more rotten than il is.
With regard to the second point. it is import
ant to note that it concerns not only the inter-
ests OF the grain dealers hera, but Of the whoio
city. Even if it be not now possible to overiss:e
receipts, or to chip out grain without cancel1irg
90 nuea paper, there are q dozen different ways
in which the warehouseman who ideals il
grain can cheat the grain owners for his OWE
benefit He can always take advantage OF the
difference in quality OF separate parcels Of
gtaln-ehipping cut the beet, and reserving the
poorest for the ordinary Eh;pper and he can
often operate On the knowledge he possesses
with regard to condition, especially in seasons of
excitement about hot corn, such as We have
eSen eSa sefs{al fs3a times in ss ths past Bat
compared with the cogent ono corched in the
fact that our warehouse system OF the rast has
done more than all ether causes combined to
drive away the grain trado from this city. We
Feed not here recaFitulate facts which are fami-
y1r5a ", lie c,f
TT dealers, aca we'll known to city operators.
With the disappearance of Mum l.
Scott We have lozL ths one concern
that was confesEedly rotten. He
now want to be cure that all the rest are sound,
and that their business is conducted in e1ch
way as shall make suspicion and complaint un-
grounded in the future.
It eeems that after all that has been developed
with regard to Mum l. Scott, their chances 10.
being expelled from the Board Of Trade are very
sual1. The laws Of that institution are construed
to mean that the Directors Ea:e no
pcvsc 70 recommend for expulsion e1-
cept on complaint of e member of the Beard;
that no member has the right to complain unieEs |
ho has been individually wrorged; tha. the |
frauds Of Mum & Scott were not Ferretrated on |
individuals, becauee it is no. possible to prove
the identity Of parce. of grain in elevator, and
that tbs fraud On the fsT.nsre CT Mum Il Scott |
was sustained ty tho }oe@ls in :heir capacity Of
warehous ener, and TO: as members ct tho !
Beard OF Trade.
1t IS even doubtful! it tho members Of the /
BcaEa OF Trade hayG :ho right to hold IN indg- |
ration meeting aud express their djsapprobation |
T.. 1Ee course CT tie late firm, or tender Q re- |
sEec:fCl request that they forbear to visit the |
1oc1:s il future. As the Board has no charter !
p-cr:s:on which corfera This right, the members |
sho:ld be guilty OF oztsteFping the limits OF
Frofr;ety, ard doing Injustice to TWO worthy |
gentlemen.
TIE fact :Eat nc oae Of The 1900 odd members
Of the Beard ct Trade has deemed it advisable
to make complaint. csr:a:1!y argues the posses-
eioa By them O! 4 vaas amount Of Christian for
be2rance. II canEct be ethat they are waiting for
that ons among tkeE Who is without ein to cast
the fret stcne.
The combination Of packers and ahippers to |
keep down tie price lire hogs does not seem
TO be successful. They want more hogs than are
coming ir. and II this state Of things should
Continue. their bond of Union would soon prove
to be but rope OF eand. 1t was suggested to-
Gay that tho object Of the combina:icn
has been n;E-erreseated-tla they wat
&c keep the price ct hogs from dropping below
Sz0G per l0U lts, instead OF seeking to make
tha! the max;1-a-a figure.
TIE o:lnEETS.
The leading produce markets vere less active
to-day, and grain was generally essier,
Though net weak, ewing to the decreas-
ed demand. with tie certainty that
lake shipments are nearly over for this season.
e::l!. GU stocks in store are go much reduced
that there il not much chance that the markets
viii be very weak at present, as short sellers will
operate cautiously, knowing how easy it would
ss &c eatch them mapping, and run up prices, es-
pee!a43 Sc our grain is now in very few hands.
An aova3ce OF &c in Rio co1eee was the
OILY cthsee noted in prices Of groceries, other
goods ruling steady and uniform. Tho general
market Tas quiet, though tho volume Of trade
mas somewhat larger than on the preceding days
Of the week. Dry goods we're in fair request,
both TO supply the wants Of local retailers and Of
country merchants and buoy
ant tone peryaded the market for
Ill staple eeesonabla fabrics. Woollens
aro advancing. The butter market was acein
1uoted quiet and unchanged. Cheese was dull
and lower, New York factory now selling ct 14h
@l57ac,. and Western do at l3@l4c: Coal re-
[airly active and firm; peaches advanced e 7fc,