Sacramento daily record-union., 1888-09-29
HOME AFFAIRS.
GREAT EXCITEMENT OVER THE
WHEAT DEAL.
The Indiana Casnpaign-Foster, the
Swindler = Blaine in New
YoIk-rhe Pestilence.
lsrro1AL D1srAyczEs TO THE rzoonD-vsIos.,
TaE MHEAr Room.
No Abatement in the Wheat Excitement
in the East.

No Abatement in the Wheat Excitement
in the East.
[Copy1esl EsSs by ae California associated Pressj
CHIcAeo, September 2sth.-The bulls
were not satisfied with the whole barn this
They wanted the pasture, too
and there were none TO question their right
to it; in fact, the whole field was conceded
to them. December wheat, which closed
ies= night at 9Ssc, opened at 999c. Good
jumped to 81, though there were few sales
at that. Five minutes after the opening it
scld at 81 001. September wheat was 81 81
on the curbstone. but in the pit there
were trades at 81 %. Hutchinson said he
had no September wheat for sale and did
not know the price of it. He is still of tie
opinion that wheat will be s. before the
close of Saturday.
IN NEW YORK.
New YORK, September 2Sth.-Wheat
opened higher, strong and active on cover
ing contracts, wholly in sympathy with
Chicago.
OLD HUTCHINSON DENOUNCED.
CHICAGO, September 2Sth.-One of the
most sensational features of the day hap
pened after the close of the Board, when
Abel IL. Bliss, of the firm of A. H. Bliss &
Co, one of the substantial commission
firms of the city, notified the Corn Exchange
Bank that he would at once Withdraw his
patronage and deposits.
Charles S. Hutchinson, the President of
the bank, who is also President of the
Board of Trade, and is son of "Old
Hutch" Immediately sought Bliss and
asked him what was the matter. In reply
Bliss said
ANY man who runs corner on the
mQFypt and fbo lTfa
the trade is no better than a thief. Your
father, who owns 81 per cent. of the stock
Of this bank, built just such a corner, and
do not consider my money safe in the
hands of a thief. Therefore / Withdraw
my patronage"
Bliss denied that he was loser by the
corner. | am not the only one" added
Bliss, who has withdrawn from the bank
because of the old mans unprincipled ac-
tons. know of at least three who have
pulled out within the past week"
Bliss declined to state what his patron
age amounted to, but a confidential friend
said the cash deposits of Bliss & Co.
amounted to 100000.
No statement concerning the incident
could be had from President Hutchinson.
save the information that the Corn Ex-
change Bank could get along comfortably
without the patronage of Mr.. Bliss, the de-
posts OF the Institution being million
dollars IN excess of the total a year ago.
HUTCHINsoN's S THURSDAYS CLEANUP.
CHICAGO. September 2Sth.- During the
day Old Hutch drew out of the Clear
ing house check for $675, 900, as his profit,
on sales made on Thursday. Not only
was the amouns of this check known, bat
the names of ten firms were freely talked
about, each of which had deposited in the
Clearing house checks for $4,000.
These reports added to the prevailing
excitement, and an official investigation as
to how the information got out will un-
doubtedly follow.
BANK OFFICIAL CAUGH- OUT.
CHICAGO, September 28th.-Shortly after
the Board closed to-day rumor gained
currency on the streets that an emplove of
the American National Bank of this city
had left the city with large amount of
funds. The fugitive was alleged to have
been using money freely on Change in
making good his shortage of cash Septem-
Der wheat.
Late tonight the President of the bank
authorized the statement that there had
been defalcation, but that it would not
exceed $5 600, and that the amount would
be made good tomorrow by the cuiprits
friends. The President refused to give the
name of the offender.
ANOTHER FIRM THAT GOT SQUEEZED.
Copyright 1888, 5yAe Califorrlia Associated IressI
New YORK, September 2Sth.-William
Black d Co., who are said to have been
squeezed in the wheat deal, announced
their suspension this afternoon. Their
liabilities are unknown.