New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-11-12
THE LARD DISPUTE.
BULLS AND BEARS STILL AT ISSUE OVER THE Rx-
-

Suits OF THE " CORNER"
The "lard corner has created more sensation
on the Produce Exchange than event OF the Kind Tor
years The bears to pay the price established
by the Committee The bulls" determined to push
them rs closely as possible and mako them pay all that
they can Yesterday q sessiOn OF the Complaint Com
mlttee was held at which Gould H. Thorpe the broker
of the "bull" clique made complaint against john r.
Fooe & Co. s. r. Post and Theodore Perry, the delin-
0uent bears" The old arguments gone over again
and again. tho "buls" charging that there would he no
safety in transactions in tho Exchange these contracts
were not sustained The bears" said that they ought
not TO he compelled 20 pay fictitious prices for lard to
cover their contracts Tire Complaint Committee having
been unable reconcile the dsputans has referred the
matter back Board Of Managers for final action 10
day Tho bears" have prepared statement for sub
mission the Board OF which the following are the most
important portions:
We have been ready At all times to 60 before the Arh
traion Committee and abide by its decision The Lara
Committee in absence fixed tue price "t lard as
$50 io Otnier sritrmrnts and although their
nation pdre they early discovered tlat
contracts had been made 10y G. t. Fuller MI hoiiY
and Thorp than 900 erces Of lard when
the Committee thought not genuine coniraetS III
other words they convinced that they covered
spurious or wash" transactions and therefore refused
to give them currency. Mr. Ellis ilc real party 70 tbs
complaint also had had large transdcs0uS ""lch tle
Comm tice refused TO consider FOR tho same reason tIt
they were fictitious WASH" purchases &Id saes ~
proper state that the parties to theSo IMAGINARY
dealings except Mr. Es) ailege that they were perfectly
Innocent instruments in the matter ana lay the whole
N,Ia. elsew here The parties opposed to us
charge that We never meant to hctp our en-
cagoInents; that if there WAS profit We meant
l., receive il, and if would nos meet u.
We deny The charge nothing could be mort false We
acknUw ledge that We Lave broScn oar contract 10 ucl'
Lard III OctJbor; We coild 10. Keep - os no uIc
stOca IN han IS OF these clalututa Dt VIC are
wiling TO stand by contract ana pay all the damage
ina can be fLIlY claimed irOm rs. .,.
Tle las, clause in contract expressly states laI
il made in view Of and subject 10 al t.e fu : ana
ru,aLius al the Produce EAcliinge aud ~ SECTIONS
30. 81, AMI - of the Bylaws li directions are given as
10 wh Steps shall be taken toward hcllncfS VINO INV
committed breach OF contract The as clause 81 'cctoh
81 States thai isput t. mark price shiI w -rtl
finally bJ arb ,raton TINS u proper c7e i"r t;S ~
tr.ticu Committee another rcaln-J'calsc IL II IN
pGrauj t. iy rule FOR the settlement % tno -i4c
of An article which IL all hCid " one party ~ - S'"'
IN there corner III laf'l " II
.v,r IL mat s the stock IN NewYOrk WA IN tnc HAMS
al tcs~ conpiauants. Finding that t1c'c VA, shniI
I'M al a,u 1000 tlg.gPs drove Inc pfic
M fbr,s cents per uOuud and then bids Tor me an
ference and invited tue shorts 10 come forward an So
tie We Gust face this qut"'loh row tue ~ i'c s'i, 10
arrived No under suCh crcunistan 'ts I"t commit
te. on Relies mad tAis meter under ton'.ni"il"n,
ami rpane+ted the counsel OF the Board !" uht
ny aw 10 meet such CtSas TO licc W our cuhr Vt
fo October lard now in ducs lon - u cents yer pornt
We 81 I'm tla. legitimate value during LIE IaSt ""h
in October was 10. than ljl2 cents lis Nr yes,
teitay Was 20 GEMS, to owner or tho bloca Z" u
woull be c4ss $4,000 poorer To-Day II we isid Nt-
hyercl MIN is 1893 tIerccs thtn hc ~ now AtouSh
we OJ claw - scil, such cI'e as ti Eet t'.e
spirls iated thr framing d Such law ~ 'l
az tnr C,tln Exrhau.O ami iG- CnI;nsb irc II ira1e
sAold docbte>s govern IA. 1t rec"gnzes lhe prhcie
tlat men who trs snort o arucic nave te sLc ie.ts
t.ns. wcn are long OF tus.t she settle mont SiI 10
made on tho basis of icSniinIe YtlL, "hJiy u'co-
uec.ol from any arIicNl yu5 which uSh' De Put upon
il by tho holder OF Gho entire STOCK
c. ". Ellis & Co., the "tulls" in lard. have formally
given notice to the STOCK EXcnango tnlt, although they
nave no contract with members o. hat body yet IN vie"
of their failure IN the PrOduc. Exchange, the require
inents Of tno former body they formally announco tholr
inability 10 meet their contrasts