, 1879-07-19
NO. 2 SPRING.
A "B1ack Friday" for the Eoy,
Who Went "Long."
Possibly Another Twist In tho nopa
usll by tho Synlicate.


pen111lnrttibs
--
TIN general downward tendency which has
,,o.xs,ai .mu the whsat market tluripr ttc ms.
..n,,s s ~ .,n 1or. r,1n,pase,1 Yesterday IN
"eek Or tcn ta}S c"'Ha'".' aeele'I "
gigantic collapse. bordering closo 10 eoou ol1'
fashioned panlc, s,lcl, as wao frequently seen
,,,,ruc mo !, rcrcps onp]casanturss," WHEN
carrying With II Ia Its tn't all ataoo Articles "t
home and foreign production.
To 'arss number Of tho No., operators operators, H. H. was vas
a,,.o,u,a f,,,,ra :. ~. a,n,,ncc,- thai of n com,
aoso!oe laure Nas annoanss mr., tnse " ,,tnaa tua
tarak1Sclg nnamnprtaht h1'1, ""o'e o"si!e's
IN Southern nc1nunt.-thc mir vaa blue With
~" - onnrn..,,rs, .,.tcr. II wa frcclv
eu'hots o, appaoas,s asass. ~. tI,a,
nnsra'or s ha Io.t pe.ween so md
sloo, o,oo0; nl,d during tic greatest depression
~ ,hc marknt In mt In nh onen window over.
luol,uE kin the nervous and excited crowd In tl,s
alley With about as ml'en nneoneefn uvp'e.ca IL
u What. nt,e ,uans loss ls another mans Ra1n,''
~, ~,,,. +ho n-,vnrh uni t1,era wcrc storica Of
~ ,""s W.. T. 30 ~ - e1s nv, hr o.hor ,norot
W.usG M y, ID ~ tn an Tim t,1rkv aida If Ihe
,irn,
tim of the nccu]Eartt1es OF the tlny was the
.caroity at cash wheat. The arrivals Ut No. .
ojH HAH nn OBSERVATION-DISCLOSURES
SfM SSMfMss In sneisMnml =" IN vntespf.sIng exporter
crrunrfrnrcj great difficulty in obtnu-
y carro of a0,000 bushels for
Cana,iian account. Their tfIorts 10 duplt-
trce would Indicate il.at the three millions Of
No, spring now i, storo In thi8 city nre in tho
hands Inn Of Of stronr locra, rnun who nre financially
pau ,,non for aat,innni margins t1y the bankcrs.
XXI. ,,,,c,, Sv sci;.nrnycJ asser!top, tic tfe1-
cnco seems nrctty pain Tint tic casl, wheat ia
held either by the combination which mspIpA. ne ,t:
har,;. n another eyndlcate blcsscd With cauni
t f!nanc,ai ability mud tcnaclty IT purpose. This
inttcr hypothcs.s is, however, less likely than
| To thc unbiased Iookcr~on the deal hns every
onncorancn NJ n mw{,tn.saw.n fIero n,,tl there
WIZ h. In seen fry tic ctoso observer tndtca-
I'm thnt thc cn,nbEa,ion which ran tho
i"n uno 'idt tc,, 'hI took odrnntnro Of the niEh
.rtcos whic,, they rcaiizct, and plt
tats, PEI ,,rt,o 1o ot sn3,ts for Juiy ut the Hg-
uros then current. 80 cleserly had TIC then
tuniir control1s1I avery buphcl Of No. 2 sprlnE
aatt .nust NV wns in a1't rhnr In thIs country
W cn ro,t.e for Europc, and as tho "bears
h ~ III hoeu ~ sconncu ,notci over tho grout
wv o.a,nc . nrnttr cytent to ticm that toi1 ou.Y
..iya.it,, ps1Ia' ,sos M ~ flon over
ea''0''oA W. ~ ... 49,. u,r,,ou
n"n .'.'o 'UfT ~ ha,, ,ccnrdfnr,v dfa. Tlcv
from 0s cents 70 s1.uI for .]u,y, rot knowing s1
where fto nt to 9soSess 1sc}osa aaf9ns e1
whom the traaes wssa aac' H. S,nn, 1l ha
latter they a'a rot expect nnt! to~asaa eae ,. ena
Of the month, ind wnen some OF she e. oplons
wese d1@pea s g99a 1nS' o t he p'0'0 '0' au'
| Tic only course opeu-for yesy few Of them
had sufficient money to psI iof INC fcceipts W.
tionni--was to sell the ssut lof wnat they cqu!1
ret, nnd pocket tho at!tiittonal loss. Into
whose hands the grain VII! finally 70 fs matter
Of somu conjecture, yet there arc many ~ sue "a. 40
not hesitate to Soy That the rcSeipts WI! event
ually hnd iestnEuvu M s,n,,.
pnn5seim"T.. ..; si,a T,,',., "t1u rnrner '''ee
''ieu Anot1'cr @ rcason Is a.steucd by many. Tho
~ ,he most assuring Character. tbs Yield
tro,,,se. ors p ~ bc auntcous md OF charaetrr
I s,,ns.i"r tn tl,xt Of last Years harvest. Tho
ysat9sS Fl t soaa @ Ss ds,i5s Cd 70, ,,.Rs s
t or 40 tho % eafly thrcsll,nss viii bcntn 10 nlako
drer, er,,,nnct;tinn With thc Old, which IS less
notna ot nualty wouid, 20 il 10 sad,
he driven ont. or fte value be dragged down by
~, ~ III onxim,s tn be- ionJcd IN with tue old,
whi,c tIc new nro,niscs to be so much better.
; 1hc n,arjsnt tilrnr The day was very Irregular
Will e "'o 9cnrroi tcn1iencv t. lower ranEo ri
rainc. IN Tia n,orninr cali mud on 'C6aura
.tn I,,iv or.1o,, sniI MI 1rfcta raurttr from V
/ -, u .cnts ,yti, n nnnic;y feeling early, ind
ni,sIn,, ~ n1,% The Nur,ist deal Yus exceed
inciy irrec,ar. though tue bulk Of the aalcs IN
es"h IN ,tsrlf IL ono Of tiio most remarkable
~ iniiv"ric. ,ycre auualty unset-
eepsso. s a"nuad fron mix tn {Yssx. closing nj
.su, o,t "nn Mia t""h~" ~ >o