Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1882-12-21
THE BUcKEr.sHOP BATTLE.
The Ingenious Plan Which the St
Louis Bucket shops Will Use to
Outwit the Chicago Board
of Trade.
BLESs you. WE'RE BROKERS.
speaial % the oourier.J0uIual.

Special 70 the Dourler-youIohls
ST. LOUIS, December l8.-There is
bound to be a right stable row be.
tween the bucket shops and tie West
ern Union Telegraph Company as a
result Of the action OF the Chicago
Board of Trade. To day Colonel
Baker, Superintendent of the tele.
graph company, served notice on all
the bucket shops as follows:
DEAR SIR--I send you herewith a
copy of a notice which has been serv-
ed upon this company by the Chicago
Board of Trade, notifying us that our
reporters will not be permitted upon
the floor Of their Exchange Hall ii
we continue to serve bucket shops
with their market quotations after
January l, 1883. In compliance with
this notice we shall discontinue serv.
ing you with the Chicago markets
after January /, 1888"
M. f. b. Curtis was met TO day and
asked what this meant.
we understand exactly what 1t
means said be. This action of the
Chicago Board Of Trade was caused
BY the representation made by a com
missioner OF Sc. Louis brokers, who
visited Chic,go with the purpose aud
hope Of breaking the bucket shops up
They have secured this action on the
representation that the brokerage bus
ness between St. Louis and Chicago
would be two-thirds larger than it is if
the bucket shops were closed,
What are you going to do about
it?'
81 am having a new sign painted, #.
B. Curtis, banker and broker. lam
tired oil keeping a bucket shop. any
how. | don't like the name. Every
broker has the right to put in as many
tickers as he can pay for, and instead
oil plylng the Western Union big tele
graphic bills | will pay smaller ones
and do just as big a business. The
only change necessary to turn this
bucket shop into a highly respectable
brokers' Office is to take out those
stock boards. They cannot touch the
tickers; | have as much right to
tiem as anybody else. We can get q
couple of bows to keep the record on
states, and l think | see just how |
can carry On by business in spite OF
our friends upstairs"
Mr.. Fred Won Phur, who keeps the
open board of trade" just across the
hallway from Mr.. Curtis shop, under
the Merchants Exchange, did not
seem at all affected by the news. 81
hold a three years contract from the
Western Union" said he. "and, Of
course, this action cannot affect me. |
get my quotations by private wire,
under a contract which will expire in
May, 1885, aud it looks to me very
much as though the Chicago Board OF
Trade was going 10 make me a monop-
olist for the next few years. | wanted
these other fellows to come in and
sign this contract with me, but they
wouldn't do it, and now they arc out
in the cold"
But the Western Union will be
forced to stop the quotations"
Il don't care what they will be
forcedto do. They will have to fulfill
their contract with me-. Why, they
even insist on collecting in advance
on my contract, and they are three
months ahead of me now. | paid the
bill for the coming three months last
Saturday week"
Evidently there is every chance Of
|, exciting times among the bucket shoI
people. They all intend to follow
Mr.. Curtis lead. and by a stroke oil
! the sign painters brush change their
; places of business into brokers Offices