Omaha daily bee., 1883-06-21
NOT A GREASE SPOT LEFT.
The Collapse Of the Lard Corner
Ruins the Chief Engineer.
The Chicago Market Continues
Feverish, With the Small
Fry Whiting.
The Pi,tsburg Iron Mongcrs Secure
an Extension ON Bills.

Special Dispatches to Tng BEg.

Special Dispatches to Tug BEg.
CHICAGO, June 20.-This has proved
another exciting day on change. The
condition of affairs has been very much
strained, Great trading has changed
over somewhat from provisions to wheat
and corn, and failures, which have
occurred in all lines, have caused u suspi-
clon of unsteadiness to attach to many of
the heavier firms. The fluctuations in
all markets have been sharp and rapid,
and spectators have in consequence been
calling indiscrimately for margins. One
failure was announced during the fore
noon, that of George Stewart Il Co., re-
ported long" on wheat and lard. All
markets up to loo displayed signs of
weakness.
The markets all assumed n Grmer tone
towards the close, although the severe
drop in pork was not altogether recov-
cred. j ust before the close the firm of
Daily Il Co., who have been dealing
heavily in pork, ~succumbcd, and SO mott.
fed those with whom they have dealings.
Liabilities not ascertained. The rumor
that Robert Linbloom had failed is not
true.
III bhhp 'hNEh NVbLhfNE'
CHICAGO, June 20.-A feeling of un.
e~asiness still exists among the commission
merchants OH the board of trade and
affairs are very much mixed owing to the
inability of the books being Strengthened
up from the confusion into which the
past few days excitement has thrown
them. The suggestion has been made
that the board adjourn for q day as was
done a couple of years ago, in order to
give time to settle accounts. 1t is said to
be a common occurrence for calls for
margin to be made where no trade exists.
One broker this morning held 250 tierces
of lard on which there was y difference of
1862 against him. He was called for
81, 200 margins, but before the check
could be sent a change in the market
made the deal even. Nothing new
learned here III regard to McGeoch, ex-
cept that he remains ut his Milwaukee
home utterly Frustrated.
John II. Benseley. receiver for the
broken firm of McGeoch. Everingham 4
Co., says it will require three months
fully to settle the affairs of the firm, as
trades to the extent of $40, 600, 900 are
scattered all over this country and Eu-
rope. At the Office of the firm, however,
1t is said that though the business is not
fully settled a statement of assets and
liabilities will be forthcoming within II
week.
=. ID. Armour q Co. say they do not
believe there will be tanother failure on
the board; that there was no cause for
one of the failures to-day except lack OF
means; that if this firm had called on its
friends they would have seen them
through; that, as it appears now, there is
no more uncertainty for the future than
usual; that the provision trade to-day is
immense and never better; that orders
for provisions are coming in from all
pasts of Europe and this country, that
property has changed hands and is now
i'll possession of merchants who can
carry it and have facilities for distribut
ing it; that on the whole he believed tn,
furry would have a good effect for tn,
future, as it would make men more eau
tious about going III beyond their depth
Mr., Armour showed the following dis,
patch from his brother, II. o. Armour
-, in New York: "We are in good shape,
6 The trouble appears local in Chicago
, The cyclone will be forgotten in ten day
!, by all except those hit" NJ. S. Nichols
a IL Co, are paying all differences as fast II,
. can he checked up and expect to rcsum,
, in a few days.
MITCHELL IN THE DEAL.
MILWAUKEE, June 20.-Garnishee pa
pers will be served Tomorrow ON Alex
ander Mitchell, in his individual capacit,
and AS president of the Merchants bank
for 1913 400, George C.. Eldridge, Ma
thanial 5. Jones and Charles j. SINCE
being plaintiffs and Peter McGeoch, G
!, S, Everingham, Daniel Wells, f. C. Crit
t tenden and j. III. Peacock defendants
The process is an outcome Of the lar,
$ deal.
. GRAFP, ENSET AND 60.
P~ITTSBURG, June 20.-Eighty-fiv pc
cent Of the creditors of Graf, Bennett
Co, held a meeting this afternoon an,
decided TO grant the firm an extension q
three years. A statement made by on
of the members showed the liabilities O
Graf, Bennett Il Co. to be 81, 282, 752
and the liabilities of the Grafton Iro
= company, for which they are responsible
1880, 600. Their personal assets ar
e 81, 100 1857, besides which they have ret
estate worth 81, 600 600.
n ~ NJ INnNInUL