New-York tribune., 1883-06-03
FEATURES OF THE CHICAGO MARKETS.
EFFECT OF THE MdEoCH-FowLEB TROUBLE
WHEAT, CORN AND PROVISIONS.
[BY TELEGRAPH TO THE TRIBUNE.I

lbr TELEGRAPH 10 THE TRIBUNE.
CHICAGO, June 2.-The committee to decide
on McGeoch's sensational charges against Fowiee
Brothers lard did not meet to-day. Early Monday
morning the committee will 60 to Fowler Brotherr
packing house and inspect the disputed lard and then
well nobody knows what will be to pay then. There are
now some very funny difficulties presenting Themselves
year or more ago dispute like the present one 90.
CURED between Fowler Brothers and Armour. It esab
lished precedent, and over this precedent McGeooh
and his friends and the committee are tonight
very much worried. Fowler Brothers, inasmnoh
as they then were. as McGeoch is now
running deal" in lard, took the stand that Armour
rendered them adulterated stuff The charges pre-
csely similar to McGeoch's. Tho matter went before
the Inspection Committee, and this body consulted
Messrs. Dent Black, the attorneys of the Board.
how far their investigation should CO. These attorneys
advised the committee that its investigation should
further than tho inspectors that the lard might be
looked at, tasted and examined 1t Is usually by
perts but that chemical analyses. or the taking Of out
side testimony, not permissible under the Board Of
Trade rules.
McGeoch aud the committee men-who are by the by,
friendly to the Scotchmanhave been securing the
city for attorney who will advise them differently II
the old precedent IS abided by, what will become Of
McGcoehs chemists analysis and the afdavits Of Fow-
er's discharged employees Fowler Brothers to-day sold
the lard for which payment rendered
bills to the different people IN interest McGeoch
returned the bi refusing to pay the difference and
nouncng that he should hold Fowler Brothers RESPONSE
BILE in their sales just tender had been made II Is
certain that the whole matter win Tuesday so before
| the directors, before whom McGe0ch will chargs
Fowler Brothers with uncommercial conduct
The very bold step taken by McGoch In refusing Fow
lers lard at the risk Of disclosing his hand
has satisfied most people that the Scochman deter
mined to /" corner" lard and that he has his
blood up The experience of this market with this sury
specuator has been that when he begins operation.
/
| IL. he carries out his plans II it costs
| him a vast deal OF money. Now that the
| local crowd is satisfied that the scotchman Is
| still deep In lard, every one is very much
afraid OF t-afrald to sell to buy People both sides
OF the market, alarmed at the effect of the Fower-c
Geoch row, have closed outthe "longs" the scoro
that the reputation of lard viii be injured and the pres
lowered the shorts' the that McGeoch mad
| and is likely any day to advance the market.
| By the sheer force OF his dollars half a cent
| pound and ruin half the "shorts"
| The speculative markets continue dull. Wheat
tinues neither very strong very weak. July ad.
vanced to-day to 81 16li. but closed at 81 154; ad
these quotations respectively the highest
and lowest prices of tie day. The dis
| tant options are less sensitive to the nttla
market influences than the months. September
closed within Il cent OF last night. June stopped at
81 lS July at 81 1914, September at 81 1873.
Corn continues its sloS advance. To-day IL wcut
| up 499sc bushe. A good many commission men
think they about the eornpt signs that some lieb
clique Ia buying IL up They do not pretend to have
special information, but soictous because OF the
cause OF the very heavy shipments and there
seems to be great shortage out out ana u;,Sr con-,
the week hafa dozen influential commission houses have
written their customers advising them not to 20 short
that IL looked very much as somebody was gettlns
under corn. June corn closed at o. and July at o'is
| cents. -, 100000. ,n. ,, o
tnue to 20 down partly because of the liberal receipt OF
hogs and partly because the provision T. deserted
| 2,40O than were received week aSo.
The provision stocks we're made puoic Today ana tns
tierces OF lard-an increase OF 25,Ooo terces OF
lard and decrease OF 220oV oatrss Q, poih lot
the thirty days July pork closed to-day at Sl9 81 ana
July lard at former 10 cents per barrel aad
tue latter cents per hundred lower than yesterday
At the office of Fowler Brothers, No. Is state-st..
who are chaI ged by Peter McGeoch the large spectator
at Chicago with adulterang lard. it said yesterday
that no member of the firm in this city. Anderson
Fowler had gone to Chicago Friday aud no one was
left at the office here authorized speak for HIM Tue
manager Of prominent lard firm said of the matter;
This question OF lard adulteraon Is oy no iAe"n'a
| new one. This present oucropping OF IL In oncaso"
only part of history which would prove very Inter
| esting. Tell you something about itf On, h'' Aha.S
| not to be told yet. and you wont nnu ans pouS "
the lard trade who will tell you 1t either. Fowler BIO
r have forced MEG ,och take their lard We are not
,r tha a0ht buf we are awaiting developments. The
truth Ia we have been dong very little business on nc
count OF this very question OF aduera'on ana other
| arms have been following similar course This Is
1 eebt between Chicago and New-fork- We
| have known of lard adulterat'on In Chi
| 800 and have been lying back until matt rs
ona into shape for action. You may yet some in
| tere,tng Developments in this fight"
There was autter of excitement among the lard
hroers nj the Produce Exchange in consequence OF Mr
McGeochs charges, and prices fell tne the reeciH y
0 kilograms McGeoch had consented to receive tie
lard he had refused The result OF Mceochs charges
| ia watched for with interest by the trade,
,sueeia interest being directed the possible aetn OK
| the Chicago Board of Trade George Z: Nap-sy oi
Napheys Sons, said tnat it had been known in Ire
trade that there was much adulterated lard IN te mar
| ket The most common articles for adueraiie "ero
steariue, tallow and cottonsecd oil Opinioa "a 20
| merits OF the case as between McGe0cA AM oNSs
Brothers varied at the Produce Exchange some osoae
claiming that the report OF aduiterion MAS pm NV
| circulation purely for speculative purposes.
| A NEW IRON SHIP FOR TIE PdCIfIy.