The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-06-09

he, "a 80 believe he practice hes 1et
tu irset cnlS PORK picked between the lsl
oi Nayemnsf mad The ist Of Msrch NJ
hthuusld ana deliverable 90 contracts f0I
iniure delivery, SIMILAR rule formerly
'E'r'sd a. ihufi f.b- rrd lard The effect
~ ne role an uisclc' Il IN 10 limit tbs pro.
dlC 900 az Hipnn-fd insss pork Deliverable
o. in or cnn"sc's, ana IS u spfcnlstiye
huif'r oi Tadr 30 this iiliita'inn cradle
, soai rs men "a ~. olually carutf the mar.
No, Wiih NcsftiittY ~ Irnrgiug large sums
OF money trntn iheir poorer ana Ieta
fortunate brrtrftn. On tho ist OF
March last ,h. iotsl lclual stand.
ard pork M the country WAS about 800 coo
hair,lf, 10000 ~ "a mon were IA Chicago
aud the other 10000 ~ rouRhout the ooun-
ny About iup,oOO l. RES havs been tx.
n1fisd, so ,hai the c'nu'ry's actual supp y
was the 10000 ,irri. IN Chicago. This
snppiy 10 easily asc,r riued from the pub.
lished ttstia'cs, ard 40 it cannot be In
ofdssed, the ''eorEcrh operators have good
basis 80 work upon, urd II they h ve suiii-
cisnt money CIR rsls, or lower the the
prics OF the PORK Us desired, and without
relation 20 It's ,eal wnrfh. at present air
tho pork In the country Is believed 10 be In
the hnnfs OF those working tina present cor
nor. who are said To De- Poll Armour and one
OF Two OF his satellites They have already
forced the price up to $50 per barrels
price W aboye inst NJ whirh the same arti
clio could now bn produced and its intrinsic
value. Legitimate spocur,icn In many
trades IL absolutely necessary, aud In none
mora m than he provision trnds, for pack
ers and dealers have 10 buy hoss and pro-
viAiony based ON tho then valve OF products,
which ere certain 10 materially alter
before ihe meats OF the hogs
Gao he cured or the provis.
ions sold Fer these reasons packers soil
for IN ure delivery mess pork against their
purchases OF bogf, and when corners are
being run ibs Legitimate Influences OF
trade have no effect on the markets. The
markets tor pork are rush, d III by the ma
nipuiators, and when the time Tor delivery
comes The packers have 10 pork To deliver
aud are compelled TO pay large differences
TO the operators OF the corner. The pro
vision dealers. especially In 4 stationary or
falling market, sell mesg pork against their
slncks, and whom settling day comes they
canEot get the pork To deliver and find
that thoy have large ditierencPs TO settle.
Bot this ~ not nil, for while pork Is being
forced ny the other hog products are being
forced ddSp, So that whichever way dealers
tur1 they ara certain 10 lose. Ii will give
idea IN 81 he disp'opoition IL Tho price OF
mess pork 10 the other hog products when,
We state tina. the actual price OF roess pork
" $50 por barrel and short ribs and lard
8 / 4 cents per pound; while the relative
oricss shonla be, nccor ing to the price {
hogs, Tor meas pork $40 per barrel,
Az Tor short ribs ond lnrd
8 Ia cents par pound. Not con.
tent with having iorcPd mo mGrkas FOR
pork 10 M prssent inn s,ed point the op-
orators are forcing into consumption The
stock they have on hnnd - ZIG per barrel
GuG attaching coDditions 10 the salss that
tho goods will la no case enter into the
mUknt for co1sumptior. This move ig
doue ~ that the corner can be worked With
lCHu money ana p greaiIT degree OF success
and 50 as % tai further iofcs up the priCs
OF nork when wished.
This corner dong f. an iucalculable pres
eat aud future injury 81 The Amoncsn Irea5
trade. " hAmuera aud hnders tho manu-.
facturc guc ihfows iu1o iuleucss n large
agmhor OF men; ~ siultiie' aud iiuits the
export trgdo and A. Is driving FOREIGNERS
from our market; 10 permea.ol and has
b1Retul effect on all olhOr iFldCa snd bust
noes; 80 baukrupts aud forces 10 the wall
mHn whose only faults IRE that they ara
Legitimate .nd hcnehl trad re with moder-
exc CgpitfI, gra 80 spreods aorofd that
mania which ia HireGiy ran.
pant. AfsiuCt u lhele evils tho sole aim
NJ CCHtrlug "a fhC 0ggrAl q cement ui tha
-pCrc1uc Who are already
pcssHsi-d oil too much wealth, Gud who usa
3, llPaAs tEllua. the public Interest oIu
che cluHity's prosperity and Mound
Commercial integrity. To place The great
maEs o. te or healthy and fair basis, ont
ib such position cs VIII enable
smsll an1 honest dealcr1 10 have some
chsueo OF carrying on their business, 10 IS
1cgesfsry 90 hlyo acmethi. done without !
delay b. put "a cud e. ttis corner. We
think s: could no broken uu i1 week ), the 1
Gh'ckgo board OF trade viii bat do wat |
.hAy hsge before done az rsg-fd5 short ribs |
ard lBTd--vi2: Pass q rue that standard |
mess pork Can be made 81 gunmer as we'll |
~ iU winner, wish such conditions % 20 the /
weight o. ereeu meat t1 be packed 10 each I.
barrel as they think jGst. There 10 no ab. !
.oIuio h,ndrluca - this, rs mess pork can |
nu M ode u8 good and sweet IN summer as IN I
winter; aud such M amfndmeDt Of the .
pr SEM rula would DO nway with ihs exist
nC rtifclsl limitations on the supply. III
this 80 done there viii be as nuch pork in /
The market within q fortnight % will shat |
Ter the present ccraer, Gnd forever prevent 7.
he slightest hope ofA future corner being |
successful. Since tho alteration OF the rule !
- regards Short ribs ard lard, no success.
ul corner hob ever been worked 90 either .
y ibese articles
II the board will not amend the oh |
inxIous rule q powerful combination can |
% easily l1rme1 10 oppose the mouop0lists, |
ADD TO teet the legality OF cornerne, Of tho |
limitations on "dtaDdard" polk, snd OF the |
'estriotions attached 10 the sales made Tor .
,1nsumpioD.