, 1875-06-04
parallo,ed, except on tho collapse Of oofucF'
and not AtwAys then. ........ .-..
AIR. Uookor IN understood to tave boon ope-

parAlloied, except On tho collapse of oo1ncFs
and not AtwAys tnen. ..-..
slr. Hooker IL understood to have boon ope-
rating for
AN EAsrEAs rAnrT, ..
who hos wan:od to do things on grand scale.
lie was very suecers',i' IN barley lat yoAf' ata
IN )nr,l Inst wIntcr, both Of which operations
vcro conducted by t1r. Hooker. 11o tuon triea
bis fortune II, corn. aud bought m all tho old
cc,n last spring, putting the market MP to
. high roint, but falling to mako any
r,ouoy out Of tho deal, as tho old
corn worked of SLOWLY on ,lcc!ning marriott.
During this ti,no le wss also Operating In iaf.s.
ouo an to force romn Of slle strongest boars to
,Ill IN ut hoavy loss. Here. hosesor,
Tnx TIDE BEHAs TO 1tNS.
Five werks MO lnro w.s selling at wholesale IN
:bs na,S; a ssntt 9F pouna seS wSsn t
Hod for future delivery on tho basis OF 3,
cents OH tho SPOT This was decline or rs
censs ter pound. AR. Hooker is nndc!asood -
navc "hefd" about S0o1 t,ereeh. 'sl!icl'. A. :2e
pounds e:ci'. 1.etteA an aggregate rhf:nKasG of
very neatls ::27j, ,o0a. Ihts was moro than laa
bccu aut,cipatetf, and AIr. Hooker concluded
tnat patience Ind ceased to DO virtue. lao
could not stand it my longer;
The features Of tho dseino havo been Dc.
ecrited from dny to day. III tho commercial e.'l-
u,ntls, and neotl not b0 horo described, mi thor
thai to say ta@s htGh pticna we're trclica!ea on
tho itca ihat tho hug crop vas rractfca!!s es-
haustetl during tho l'aca,ng season Of last win
tor. auti Tho hleh prico OF corn. liut the haEs
have continued TO como forward In nnsnbtEs
suilicicn. to mect the reqnlron'ente OF summer
cona,s1npslnn, leaving tho winter lard TO 10 used
entirely on option tra.es. Then TIM lIice Of
buttcr fell to nuct low point TINT people lets
oil using lard to = great extent, nua tnon tho
men who wcro Dealing Ill The article began to
think it tou tiear. The consequence Wnas
heavy offerings TO saIi for future delivery; this
1 pEcIIEE III FHtcEs,
and then followed numerous calls for rnarEns.
air. Hooker posted large Hl1nH Tor margins nenr
tue close OF laat month, and paid gut great
day, OIL tho ,1uno option. luis, however, np'
pears to have nearly czha,tnte1 lslh cash re-
sourccs, na it was impossible to borrow eo much
iocluo Wcslnoalay u.s followed by moro calls
for mafgaills,-that iz. for tho deposit IN bsnk
Of money to guara,,tee bis payment foF lard
which hc had bought At highor pricen,-.and tho
as;ho: decline Of e VT" tue 4''
sense>, however. :rhoto wore orders on
! tho floor Yesterday. morning to buy
some G,00o tiortes OF Lard for s'ra'ens tho re-
desire to pnrc1,aSc. lis va. asked to sc!I part
Of this at fraction hcIuw the then snnskot
| price; ana refused. Had Ao sold II, the maskek
would probably hare been stcadiefs' az tox op.
orators caro- to sell further shost when they soc
! q good demand for shipment. 137 thnt BHto he
! wo,1lt: alto liayo hcclred cash enough to HarGi,
tle res. down to lower point. aud ilts APPARENT
| ptrcnEtil might haco cauRed deecou EoaoL'ot'
lu: lo would not sell; nthers offered ia:d trce.
| II, antl tho mar.c: brokn stIif further, heyond
h!s present ability to margin Zip. Alter the fall
uro occurred, und Tho fact al tnts offer became
knnHn, his coutse wan WILDLY condemned. Soma
operators calling it II foolhatdr proceeding,
| The mnsgitt-clecds were PASSED intn the hands
! OF ktr. Charles Couuseimau. Yesterday oven.
| iuG HIr. Hooker na1 buAie1 aacertnninr how bt
stood. in order to matte asasonont this morn'
| ing,