, 1874-08-01

4uAt ooI0 ann uat8, tho staple 01 thn conntrY,
should vary III price mora than rs ccnts 4 bushel
III ono day, without panlc o famine. or any
unuaral disturbance in the Inv OF supply and
demand, Is something that tho avorago pro-
ducor and consumer Will find 1t difficult to un-
derstand, 1t is much easier Of comprehension
TINT watorod stocks, manipulated by rings,
should bo forced up mud down at tho
pressure Of tho bulls or boars. But
hero arc broadstutrs, tho probable supply
Of whiol1 can 10 readily estimated as well as the
demand; md, after tleao estimates a1c fairly
made up, the legitimate prico ca, only DO ma
torially Affected by notable revnlsfons which
have not occurred or bnon threatened In tho
present 'cnso. Tho sconca Oh Tie Board Of
Trudo ycssorday are therefore, tho most re-
marknblo oyidonces that could bo furnished Of
tho power Of the gambling MANN, which in for
mer times onco extended to tulips and might
he equally extended to tnrnips. When
mon want to gamble, they hud way
to do 1t, and BONO win and others loso.
So far thero ia no particular sympathy to
bo expressed for tho losera, who went into tho
ideal" with their oyes open. There haye prob
ably been fow "innocout" purchasers at the o.
aggoratea prices, and the 'sinuocont" sellera-
tho farmesB-laYe received several cents moro
for their grain than they would Aavo received If
thore had boon no corner" This docs not
oxcuso tho gambling. and the ultimate OBJECT On
the legitimate buyers and sellers Ia just as delo
rious aa II tho reverse had been tho case.
Tho "coruer" happened to be successful.
and some OF the producers have objoyed
temporary bonoiit which must be dearly paid
for, undor tho general law OF compensation, in
tho results Of All unnatural disturbance Of our
| legitimate markets.
| There can be 1lo species Of gambling. borrower,
which ID not taintcd with fraud, and the present
instance does not seom to bo an exception to tho
ru1o. It Is stated that tue managers OF the
'cornor" bought Of and sold to tho Bane
| mon with tho purpose, subsequently carried
out, Of making their delivery go o1oso to
tho hour of 8, tho closing Of trade, shat tho
purchasers would not havo timo to deliver back,
aud would, therefore, DO Obliged to sottlo.
| llG4EG1QrtQ Inc l1OAfQ OF 1TauG men luHst PRO-
yido themselves with watches having independ.
Ont socond-Aands, such Oh tho turtles aud
| Jockeys carry. Trading has beon reduced to 80
limo point TINT quarter OF 3 minute may coat
man thousands. Tho trick ,ras ono entirely
worthy Of professional gamblers, md we do not
know whether tho professional ganblora on
tho other sidc, who wore caught by 1t, have
much right to complain hut the general inter.
| cs.s Of commercial morality must undoubtodl,
suffer from 1t. The books have not yet bocl
posted 80 rs to nlow tho money actually nsalt
aud lost, but no failures aro reported. Thort
will probably bo good ma,,y disputes, ant
there may po an appeal to tho Courts before the
"lcnl is fairly closed and all tho money pait
over. But, for the present. the only conclusion
OF my general public interest is, that tho attomp
by tho last Legislature to put stop to gambling
on tho board Of Trade was M abortion, or tim
tho law passed to that onl il hot enforced as il
should be.