The daily Cairo bulletin. (Cairo, Ill.) 1878-1???, 1883-06-17
A "C0RNERERu CORNERED.
MCGeech, tho Great Lard Deal
er, Fails.
Great Excitement on Change in
Chicago and ST. Louis-Oth-
ers Aiiected-Full Par
tioglsrs.

Ch'cAe"Slspae 10 A season OF extra
ordmsr, eEtTcmeE pr,VaIIed on Change
iinined .lol, aiivl tho opening thi, morning
hy a rumor if.ely banded about that the
firm Of opslotor. MeGeoch, Eyerinsham
h Co. ,wh0ls.ye for long time been looked
on Ms the heO yGst dealers IN lard and other
provisions on ,bs C1rt'mgp Board had failed.
This was soon Afterwards verified by
member osihe firm circulating about on the
floor Of tte Chang ADD notifying all with
whom uify were Interested on provision
deals to ,&,e them cut. Something Of the
nature Of a panic appeared to seize the
provision corner and for Il
time Interest Ia eihOr trading was lost.
The efect was 10 l1s scea at once In quota
tons Of ~ and July options, which
yesterday ran w to ll.a5h and closed
steady ai'lLa0, soid down to 10. G5 as an in.
itial drsp ud tlen kept on de-
scondiug A. scale rnt,I s:2O Vas reached,
which would DO equal Ia point OF compar-
ison TO
AnBoP oP FeRfY CENTS
a bushel n.whest. otaer options felt the
effect in lisf manner, Aut all In a measure
somewhat ecoy cred Ia tone, and at eleven
O'Clock the July option had gone back 10
0.E, bHt. subsequently again declined to
$50. An effsrt to ascertain the extent TO
which Met'oooh, svvfingham Il Co. bad
been operating failed, both upon applica-
lion to him aud To- g6Nhers Of the Board
OF Trade, but ore's GQ,hry shows it to
have bees nhushals beaSy aud the loss I'M
der The sI6kcn GafRet proporionRtely
large. Pie lirin is IsD reported to have
dealt heavily n wh-st, but this morning
a ,.a. b Ia. Il a,
dese in this commotkt being on the win
Grain appeared 70 teei sae effect Of the drop
In lard Oh the cary market, and all kinds
wete quoted as eOs!er, but not sensbly
lower Tbs failing market brought In it,
train plenis Of sthsr Impending failures.
but up " l:So there VIA nothing definite to
report.
The bIokea FRA declared TO an Associ.
hed Press rspres eNtsfSye that they would
make no tas nept Of eny kind before to-
morrow Peter McGSsich the bead OF the
drm, - resident u milwaukee, and + "a
military styled fse Milwaukee MIX
man. ~ Qeis feppteQ 10 have been leader
both ibI SSieas5 aVd Milwaukee s s" markets Is"
and he fa1ed here two gears ago. His firm
came prominently bSore the public two
weeks aE6NtS their rstd8al 10 receive a large
cousign re,rt Of lard hvn Chicago on the
ground MAT {, was eddted, and over which
disputed t,it An investigation on the board
Is now W progress. The firm has
since accSted the.tsfd 10 question under
protest
THI EfPgor M ST. LOUIS,
ST. Lo,rs, June lG. There was intense
excitcm "a, on Chang, this forenoon over
| the new. Of McCieoch's failure. The first
report came in at pn early hour, simply
s,s,i,g t,Joceooh hos hu.,od ,, ma
' "s'' ' 800" 80, oas'ou' no
" lower u9prees ran down rapidly and
heavily. I,rJiyr'wea Tho worst frrok q,
=, T.. 49, N,0ao,h ,as nr,aatao,ir T.,
was ~ 'nS' h'osoon w" p'inc'P"'y ih'
terested' July lard ~ Chicago, which
closed yssirAly ~ iLlJhc, sold down to
equal TO NJ. so idlers;. or &, zoo for a single
lot OF $50 rlerdes. 4his terrible decline
created p~eai a. II r,,.pit ON tho Aoor. espec.
ally in the ~uropq.ion corner. - A
large crowd gathered around and watched
the chalk marks 4, they dwinded rapidly
has been watched MD profound mtercs,
by ST, I,osL operatu,s NcGeoch bulled
the martai TO a Nigb pom, some time ago,
but With Vic pas, ~gtpIe of weeks or 90 /,
has been i.ruwav Nth him. His re.
fusal TO aNlDt the Fowler lard on contract
on the Qyptna that |, sns aduterated, tho
decision a. ahrst Tim ly The COMMITTEES, hi
Acceptance Of The ard upder protest, and
the snbsea.,ept trial arising ont Of Il. inter.
ested eyt n one HER ,saaty. II, Loui,
will not sffeyH byo,tah this failure. Yer,
few deateas here Inli transactions will
McGeocL: aud these not enough TO hur
them, Mo cxtrsutdinary 1roS In prire
will orsy r6-M In vcry hcay,
MARGINS hemy demnndel nov
long In O,,cnt pf'1sions. In, the $,
Iouts mon gro vel slsc M mep, thos" cnlls
The opIpI AZ ureffy ganernllv eynressc,
in The pgorisiou corner Inn, he dncl,n
could not b. sepl ~ md that there mus
be rcactsA This -lplnion was I'm par
certified. fOwSoan e.itS The lowest point WA
reached prizes turned sharply upward, an,
In n very few minutes 4. csc was reached TO
July.
Ii ~ vel Impossible to determine IA,
number Of linnsrs. wblch are carried dow,
In the wreck Eight Failures are 'repor,e,
Oh the hoard. Tabor Il Wilson, NJ. Ball 4
| IN. U,lliE a / INNtnAN Al CRAFTS
Co., W, NJ Martin. 4 Co., and Holly