, 1881-10-05
The Effect on the Market Not
as Great as Was Antioi-
pated.
A Consolntory Telegram to MIR.
Lyon from Uncle Rufus
Hatch.
Action Of the Board Of Directors in Fix
Ing the Price Blamed and
Commended.
Uncle Rufus 0tYes "The Tribune"
Ills Adverse Views upon tho
Subject.

A Proposition 10 Allow Tho Storage ol Grain
In Vessels, Warehouses, Elc.-Tho Dc.
ltnqucnt cinclnnal'ans.
Tho l'aarsl Of Trad0 WIS IN q hia tlazc OF OK.
clto1ncnt yesterday over ssh0 aotlpn Of tho H.
rcctors tn regard to corn tue previous evening,
and ts Consequences on tbat MArket. The sus-
pension nutad elsewhere Also helped to Increase
tho din. All the tnnrkets suffered, wheat d.
clthins ikoHh cents, corn about ecnts, oatH 40
cent per bnshci. and mess pork auu lMrd fell OH
sumo In sympathy. Tho Krnln ularkets closet
easy. with the small boys feeling rathor dubious
about To-Day ~
rs TIE HOUR Fo1l Asst:stl,L1S0 on 'cHAS0E
drew nenr tnor0 WIS tremendous excitement u,
tho sldOwnik. No ono Is allowed to make q
transaction before tho tnp Of tho boil Mt half
past q, but thorU WIS nm anxious cornpnrsun vi
Views, Homo little discussion Ut tho urtlon Ut
tho Directors, a good deal hf decentralization OIL
tho part Of same, and nh caually wnrm defense
Of tholr actiun on tho part Ut others. Tho
nrst sales were nlade Mt about Tx
for October md r to III for November
which was about ~ cents decline from the clos.
Ing prices Oil tito Gull 1lunrd. Tue hllbbub was
50 Hroat that 1t was Utmost Impossible to witch
tho tradlng. orders catlo In MS fuat rs tho te!a-
graph boys could bring them to "Sell my coru,"
"Soll cut as soon ~ you cnn,' "1'uko tho best
you cnn yet for my corn," ~ don't
want 10 inargln down To 60 conta, lot
ne out Of tho ueal," Gtc. In tho
midst OF tho confusion transactions wpro made
at the snn0 instant which werc fully half cent
apart, md It is probable shAt not TOW mis-
takes will bo developed upon tho trading curls
MS consequence pl naming one prlco willis nn-
other WIS ncant Or understood by ONO Or both
f<f ft%Sf $UCktr 1u.$k-
fusion. howovcr, thore wAs mono OF tllnt
general howlMg which tho nvorage out-
si,ler Ia apt 10 associnte with II
pantc on Change, under thu impression
that tho resulting ruHpus II only properly cunl-
pMrnbl o 10 a 4uArtur section OF 1antlenonillln
hrUkon l0tse. Some panles may have reset,l-
blaiico TINT way-sonla cortaLniy hnyo hud-but
this wasn't exactly ono Of thut kEt,tl. Thoro w,ls
s0ni0whut ia0ro hnIluuLng thnn ltsEAl, auu d
good 'nauy tuoFc throats In ruoton. with moro
uD!so from cuch intlydunl throat III the effort OF
its owtior To nuke himself heard. Uut tho eor-
fusion, bud as It wns, would tavc buen great
dent worsu but tor tho fuct that tho selling wns
dorc by comparatively fow partfos.
THE nuLK or THE LONGS
wero represented by but few brokers. Thoy
hcd good many urlors. and had to and dtll
employ home athoss tn help them aell, bu. tho
nu1nber ol sollprs was at no tro lnrgs In conl-
pnrlaun with tho number OF buyers, thul,Rl, tho
tltthntity FOR. sale was fur g0m0 TING hlrgu!y III
seemed to bp 'noHptt.sed over Tho situation,
not knowing whht To lnnko nut of 1t. Most
Of them appMrcd to bo nfraid th,lt tho
whnlt thlnk wis unly Il trap IL cAtoh tuuIu, and
lhuy nucurd!uvly held back, and didn't erter tho
n1Mrkct IN lnrxe Iun,bers e compete With thosD'
Noro,nber eosn populRrly known ia tho "Waii
Tho inarkot bud pretty wel reached the bot
mors which ii Gld obtulnod early iii regard to
John y. Lynn ! 20: wcra true, ard the people
In ut such ralt0 TINT thB nlnrket renctt cent,
lost this phase nf tho days excitement, and con.
tinuad IrrDnular. even u1.tcr the somUwant sharp
h1ps 5.y09, COZ bushels for Dct0bDr AMI N.you,-
her Tho t,,askut closed On tho call at Ua,i cenis
Tho panio Ii, corn rcally began Monday ovon-
Doard Of Tradc Directors IN
F1XISd UPON u CENTS
as tho t1Yuru which should form n tass for III mr.
lou was nut arrived at uutil aGout huif.past &
sssy s sor the sbo e"; .a npo 9G and sons A.
ersw 'tu 10 'S "opes % ia 10 1saak rs 'aD @
nna x1 noe ses sR Il Ne operators howeso
~ a.ntIeain.ion SI sho ,uecis3on hung Ground and
Yesterday ulorn.nx tho cloud burst on tho Opeti
ioard down stu rs something Hike un hour bciorD
arSppinx about sH ceas 1 under s',o wtI t,ess es
citcIt,ont to Arll, aud ,n,1ura 0f uunser,biy
@ Ssssr t! n!s nat, nss sa!Iy traded ts Sf
:as saa s Ssss S aud San5x 5 r4hRss py TO s%y ssy
m0ro thnn 1900 Iusuels. nuri,v ti,e recent Ok. K
cttc1ncnt, however, this rule t1s beet "mUry
honorel IN the brunch thal tho obscryance."
a!uple lots Of. h,u0 an' l0.UD b,lshcls hive
ehanssd ,' hsnSs q IN, ieassnlay Z. morning peoR!e
e1s 1T ok wiss V So9ss v sW Syq BUSH
THE EXCITEMENT MAS ALSO GREAT IN
WHEAT,
which 1suIlned about W cents, Int not ut the
s..h.n tinto 90 cotti. Tho curly sollin4 Of wheat
Il wins not unlIt aiicr who4t haI re,c,ol IRON,
tne early drop that tho news nr tho do.
Ss ~ ba u nsao sS1 soi sbo oe @ n ,he ,o
thotr orders 10 sell, 20 that wheat was uot,,aiIy
taish H. ns M Il .n 1s ts srts @ a aboyo bt's's ro'
farred TO-: Wheat snd down 70 %l,M far Uct0-
sss .s';n 20 y Nsssn1sr a +. nss at si on Tho s
TINT tho prpntleht 1irM OF
J, Ii. LYON d CO.
bod saspcn:led or roiuscd to put up margins,
which Was Interpreted ny many to nean, utitet
the rules tho snina thttlH.
Z, Ths ttportsr sai!sd n ~. Lyon and asked
aase xst y II ,nH fspG, e.. expect
to .1 resume business y, f9w tlaya."
=" "llnW much vtFf y1u SHORTY
IL rather mt te!l."
~, lave YIN boon 6uytnE lu th,s morning, or
lld ntGers do W on your ,Iac0uNtT"
tbo9s5! "M9; havo not. { be'ovo few t'rms did.
o,;nn "a yoa ase'de to gtve up before this de-
I'VE decided To suspend Monday. This broak
Shortly" '"'~
A friend present persisted in tolljng Tho serlbs
that It didn't nM0uut ~ anything, "lt isut
worth snytl,x anything about In the pupar. my
Uby. iuu nuEc Alt th1re 10 ia II. Don't mention
4, my boy" lie would pro6ably nuvu Kept ,ip
GarllGF, ~
Solno OF tho prominent men On the board lpok
upon Tho suspension W
stklsELY TEMPORARY.
They think tue hUNae Wis heavily short on
corn. got ln tight place, and dacltl that the
h1ss WtY ~ Krt out WIS tN Qtlt b}tkt-
ness tor q fow days md suttl9 up.
THO action Of the firm III refusing 10 put up
uarkins wAs locked upon a. u confession Of
trouble. and tho announcement, together With
tue uuon Ut tile lllrugtuts Of tho bolj Iy tixtutI
n,ssrsp,ai ass prico tSr corn, aotn9r4lzed hui
decline favored tue urin, ha 1t ctMblp1 them Ia