Mexico weekly ledger., 1882-11-16
MEXICO PRODUCE EXCHANGE.
Time Tried and Reliable in Every
Sense of the Word.

The Mexico Produce Exchange Of
this city has been assailed by q So
called newspaper of this city. It is
none Of our business to defend the
exchange, but We simply wish to show
the basis on which it does business.
Better men deal with this exchange
every day than ever ran a republican
newspaper anywhere. The Mexico
Geo. Allen manager, is
a branch Of the Chicago Met
ropolitan Grain and Stock Exchange,
of which the New York Scientific
Times and Mercantile Register says:
"Many Of our readers through the West
and South who have more money than
can be employed in their business may at
some time think it worth while to risk
their judgment Of future events or take
advantage Of their superior knowledge
and surer sources Of information. In
that event it becomes a matter of the first
Importance that they are well-informed
concerning the reliability of ell parties
who make it g business to act in these
cases for outsiders. A responsible con-
Germ in every n of the term is the
Metropolitan Grain and Stock Exchange,
whose rooms are situated at Nos. 1876,
1877, 139 & l41 Madison street, Chicago
1t was incorporated under the statutes Of
Illinois some three years since, and has a
paid up cash capital OF $10o, 900. Its Of
fcers are Messrs. H. B. Peabody, Presi-
dent, and A. e. Ravens, Manager, both
weil-known names in business circles,
with records without a blot. They refer
to the First National Bank, D. Preston &
Co., bankers, Detroit, Mich; Chatham
National Bank, New York, etc. 1t is re-
garded by all Chicago business men as
one of our solid concerns, and it has re-
duced the system Of trading in futures to
the terms of an exact science. It buys,
sells and carries for its customers wheat,
corn, oats, pork, lard and all kinds OF
marketable stocks on what is called "the
one cent margin" plan. In other words,
a customer can from them buy or sell
grain in lots Of 1000 bushels or more BY
paying a margin Of one cent a bushel OF
more. Pork and lard can be bought OF
sold in lots of from % to 5000 packages
on a margin of IS cents a barrel or rs cents
per tierce or more. Short ribs in lots OF
5000 lbs. and v on a margin of rs cents
per 100 lbs. and over. Or he can buy OF
sell any marketable stock in lots of ten
shares and upwards on a margin of one
dollar per share or upwards. These are
the smallest margins the exchange will
receive, but parties can pay more and as
much as they like. Additional margins
are received at any time before the first is
exhausted, and these are as low as NJ
half Of the first margin. The exchange is
paid for its services by commissions
which are added to the price and deduct
ed from the sale. They are on wheat
one-quarter of a cent per bushel, on corr
and oats n quarter of one cent per
bushel, on pork five cents per barrel, on
lard two and one-half cents per 100 lbs.
or eight cents per fierce, on short ribs two
and one half cents per 1GO lbs, stocks one
quarter Of one per cent on the par value
OF the stock. These are the only expenses
OF any transaction, and when a margin is
exhausted the trade is closed. No one
can lose any more than the margin he
pays, and the exchange never calls for
margins. If the customer has any money
to his credit in their hands, and unless
they are ordered not to do SO, they place
enough of it on the trade to protect it,
and the deal goes forward. All trades are
cash up, and no margins are supposed.
Orders can be sent by mail or wire. In
this case state just what is wanted, limit
ing price or time if desired. A daily re-
port OF the market is sent to each Gus
toner, so that he al verify to the exact
minute Of that days transactions. There
are several other rules and regulations of
the exchange, all of which are printed in
a neat pamphlet, which is sent upon ap-
plication. Enough has been given to
show their system of doing business, and
We hope that enough has been said to
convince all of our readers of the abso-
lutte security of transactions with this
concern. Money may be lost through his
" error Of judgment, but never in any
case through the body. Their reputation
represents too much labor and money to
be lost or trifed with. Trades are set
tied by the quotations from the Chicago
Board OF Trade and the New York Stock
Exchange sent to the exchange over
special wire by the Gold & Stock Tele-
graph Company. These are the prices
sent to customers. The most successful
operators in grain, provisions and stocks
are those who live at a distance and can
form a cool, unbiased judgement. This
is from the record, and it also says that
new beginners are nearly always sue
cessful.