, 1879-04-20

To the Editor Of The Tribune.
CHICAGO, April 19.-Onc OF the glor1es OF
Chicano has been our enormous grain and pro-
vision trade, which has grown within as short
time as twenty-five years to be the largest OF
any market iu the vorld. This business is all
transacted through the Board OF Trade, and,
therefore, subject to its rules aud regulations.
The power the Board thus possesses, und tine
use made OF it, has grown up too recently to
have rcceiyei the general attention it deserves
and to have been corrected By wider experience.
Of the various interests that have been drawn
into this grain centre, Que un'mportant clement
has obtained sufficient control to force upon
the Board rule that is working most serious
injury to the entire business ot thc GitY anu lne
Northwest, and, Us the Board persists IN up-
holding it, it is at least important that tue mat
ter be more generally understood by oil parties
in interest. ~
The rule in question annuls IN part, for Chi:
caro- and thr West. the great law Of supply ana
demand, by giving to short sellers unlimited
license to sell for future delivery regardless ol
stocks, making thereby the supply yluexhaustlole'
under which the buying speculative trade IS sup
pressed aud made powcress 10 advance or even
sustain prices. Without this rule the short sales
would have to be based upon stocks, which IS
certainly most just and proper. As 1t IS, those
sa1es have all the effect OF actual STOCKS "itn
sneculators, and have made our representative
market of the West the greatest power 10 oo-
press prices ever known.
r. fi,lIv realize our loss from this cause, It
m,1st be remc1ubered'that nearly all markets are
now largely Influenced, II not controllca. "
Chicaeo: even the English markets are mol e1-
ceuteJ, Us all their fluctuations haye Tor many
months followed close upon corresponding lllc-
tnofions here With such flcts Us tney nave
innr Ind lu,fore them, their prices could hardly
h.xe declined tut for "declinc in Amcrca," Tor
which our market is mostly responsible.
Tile shorts treat contemporary 1he quot:a. a.
tions OF other markers i'll their sales, having IN
one Instance for many months sold LOT 1ulute
delivery ut much lower prices relat'FeiJ tnali
any otItr market in tile world (Slilwaukoc aud
fsh;cauI, are one in the speculative traueh ana
successfully brought these marketS oomn nhsr " or
markets., but they demand that their sett1c-
men1s shall be when it is to their interest," SO to
srhn cnmnaratiye]y recent growth OF the gram
and provision trade of Chicago, the cnansc ~ "
customs growing out of the grinding system, anu
thr concentration OF most Ut tut specu'alite
trade Of tie United States and Canada AZ LUIS
nonr. ara circumstances that have placed, un'
noticed by the public, great powers III LIE na1oe
of tue Board OF Trade. ..uno,.e
ora sncriticcd for an exceedingly smal! enu
shonld receive more general attention. IS It's re-
1,eot is question OF Importance to all nranSAes
Of trade III the West. a.
The Black Death on The North Saae'
70 the Editor Of The Tribune.
CHICAGO, April 13t-Your vigorous ana tune
II article in Fridky's issue with the caption
u ucezspools Along the Lalsc-shorc Drive etc.
has been read with qualification by suffering
humanity Of the Eighteenth Ward, aud We nops
it will have the desired effect Of arouslng III
nropcr officials to action and immediate inter
ference. Tie most dangerous md vi
famous swamp is that on ceoa
street. owned by Mr.. Wischmeyer, wealth:
citizen, and AIr. G. ?. A. Healy, the palnter
though absent, represented by MS atto1nuy ,ln;,,
This property is most select spot 1or oao!
| farming. Stable ofTals, without q covering, ul'
! the ingredients with which, without e3peus
| to themselves, but with danger to the l1Vss u
their neighbore, they attempt to aoate me nuss q
| ance complained OF, anu to turn these ron
t,ue Marshes into habitable ground.
About q DOZEN loads Of filth and other un~h ho1e
| some substances are daily and nightly onmpet
iuto this stYx, aud the Health officer lnoce'
must he ignorant Of the extent OF the scoufg
| If hc expects that no more complaints WILL ans
| after another week. This Is idle taIk an
| intended TO quiet the clamors OF the taxpayer
| for another short period.
L. nrf,tn1 fraas nent find TINT Il WILL ft