Savannah morning news. [volume] (Savannah) 1868-1887, 1885-04-07
MYSTERIES OF H0RYING.
THE BOARD or TRADE CCSsID-
ERTSG MEANS TO STOP IT.

what the dealers say About che Frao-
tieef d aow it is Carried on-Its Ef-
feets UpCu the Difficulties in
the Way of Checking the Evil.
The communication and resolutions a.
the New York Naval Stores and Tobacco
Exchauce. which were received at the
Board Of Trade on Saturday, and WEI
published in the NEWS on sunday. have
been reft red 10 committee cons sting
wholly Of naval stores dealers who had
previously drafted and presented tue
reply to the first charge of the New York
Exchange. Until their report is made, the
matter remains in allegiance.
at wakes warmer" remarked a Well
known broker TO NEWS reporter yestef-
day "WAat;" inquired the reporter.
why, this hornng business Of Savan-
nah against New York. II is really
growing interesting. and the question is
what is going 70 be done about it. Y0u
see" the speaker went on 10 say. sin
cur market there are three classes ~
dealers who are held responsible for
n. The agent who is buying for one
buyer from another: the broker who buEs
for anybody on a 0mmissiOn. and WHO
also acts rs agent for the principal: AMI
last but rot least is the job0er or buyer
who carries stocks from season to season.
and Is ready 20 I'LL an order frequently
without stepping out Of his office.
TIE first two classes receive in
structiols on an order 70 buy SO
many Is, - many N. so many
:, etc, al the market price of that day.
He does So. and advises his principal. who
replies. Get purchase ready for shin-
meut by steamer % Boston. New YDrk or
FnlladeiI hia. as the case may DE. and at
tae same time gives instructions to erase
ali Inspection marks of grade aud weights
and our the purchasers shipping mark
for Il lL cad OF Pluto, VI instead Of juno.
instead Of Mo, etc, which he has a
perfect right 70 do, and with which in
structOus be has a right to comply.
~ am not Supposed the dealer con-
tlnued, Ito know what my principals OBJ
lects or intentions are, nor do care I
SIMPLY carry cut his instructions, and i'm
doing 50 no wrong is done him. or myself.
OF any body else 70 my knO8ledge. Now.
on the other hand, II be requested me 20
forward the resins to a second purchaser
in some other city, or even in his own
city. with the inspection marks erased
and the marks put up one grade, ! should
refuse TO do so, because | then know that
/ am mlsrepresentlng the real grade Of
the rosin to an innocent purchas r bv such
marks. This Is done by some. The i0bher
has the widest field and the best scope to
work in in the matter Of horning. II is
my impression that this class Of the trad
in the primary markets lis what the paper
from the New York Exchange prircip tllv
aimed at, and why? Because the i1bbers
in primary markets come in direct COM
petition with the Northern iobbers. who
have heretofore principally monopoiiz d
the business OF h0rniny, and the very
men who sat in the New
York Exchange the other day
and voted for the resolutions are as well
versed in the mysteries Of hOrninE as they
can ever he. l know them. and have got
the documentary evidence t. prove what
/ say. But Will | show il? Not il know
myself. If l should, my business would
be gone as quick as wink, and | c0ul
but just fold my arms and STANCE %
death. DO you think" he asked.
'that there is "a buyer or broker i'm this
or any other market Who viii show
up his private correspondence between
himself and his principal or divulge tine
manner of conducting their business?
The New York men know this and eli the
utmost security in passing the resolutions
because they knew that we would be COM
PEELED 10 keep silent, and under these cir
cum6tances there was no law to stop the
horning practice or in any way pre-
vent it.
Thus you see" said the speaker. 'sthe
Board of Trade can do nothing, and moth
ing VIII come of the matter at all. / adj
nit that the practice is pernicious
one, and with many others would
uke to see It stopped, but that will
never be unless the ayera &c New York
men IN the trade O. continues his private
orders to change the MAJ Ks
There is knack in horning.n said an
other dealer, "and it requires iuusmcnt
as well as skill TO DO il succt SstullN. Frr
instance, the inspection ma ned not Dee
erased at all, but say you have X
marked on the barrel and you want l.
one grade up-all you have tDdDis simply
to mark A on the first or left hand side Of
the X, and the words d Co. to the right
and the letter NJ unde rneath, or
if you have an y Inch you
intend for window glass, the
way to fix it is very simple. A 2 you have
TO do is Just To prefix horizarfal stroke
TO the \, making it w. The ame rule
applies when ever end the barrel is on,
and yea have IL, not by rrastug. but by
adding 10 1t. A short time 20 quite a
large cargo was shipped by a foreign
bark. The grades were priL. .iksslly +
and +. That is. those grades were orIsi-
e
+. and Others We're prime +. Thu no ~
Ing proc IS came into play, and the VINO G
cargo was divided inri three pa~ls. one
third remained L, as market, DC The
prime barrels were made Il and L made
G. Tn prime barrels We're thus gr tdtd
up two grades 10y simply changing tlle Z
ln putting an extra stroke 3t The side -,nd
bottom.
"How is that" asked The speaker. "flr
cargo of rosin? The entire cargo De.
often horned So as 10 go foreign bv ol Ter
Of the New York buyer. The same o. ling
is done for the Northern markets with the
same grades by buyers, i1bhers and
brokers, end must be done.
Take. for instance, to-daY's market in
New York. The closing price 90 strained
TO good strained rosu was 81 1850 is.
and the same grade here is from 81 o..
81 90 per barrel. The freight is 40 cents
per barrel, tue dray1ge or literage 10
cents and commission . cents. making 10
from ST % 20 8 go per barrel delivered in
New YORK., and yet the stud Is only worth
81 1901 Is. To overcome THIS 10 must Dee
hnrued by the Northern buyer On the
next uuy er"
"lhe New York men are very .hrewj."
said another broker. Nv bile we
have only twelve grades in oar market.
tue New YORK market accommodates
herself with thrty-siN grades. just three
grades between every grade of our mar-
he. - Why not have a uniform Grade be
w0rl u uVcrE' BECAUSE IS is tun reply.
at would not suit the New y rk Uu'ar.
IL could not come back GA toe ma. set