Western Kansas world., 1888-10-06

eOUSSo0uoA uI101 VI S00 CITY, uOS1000 60e
Corn Exchange bank that he would at once
withdraw his patronage and deposit with
Charles L. Hutchinson. The presi.
dent Of the bank, who is al
90 president of the board OF
trade, and is Q son of "Old Hutch. I"
Immediately sent for Mr.. Bliss and asked
what was the matter. ''You have traded
with Us for good many years, Mr.. Bliss, "
said President Hutchinson, 'and your faith
er before you dealt with Us. I am at q loss
to know Why you should 90 suddenly with
draw your patronage without any apparent
cause"
"Any man who runs q corner on the mar
ket," replied Mr.. Bliss, blazing up. ''and
squeezes the life blood out of the trade il no
better than thief. Your father who owns
81 per cent of the stock of this bank built
just such q corner and, as ssid, do not
consider my money safe in the hands of q
thief, therefore ! withdraev my patronage"
Mr.. Bliss went on angriiy at some length,
but denied that he was a loser by the corner.
This evening he said, when asked about the
matter, that he had no desire to create any
bad blood and would have said nothing to
Hutchinson had the bank president not
asked an explanation. 81 am not the only
one who has Withdrawn from the bank
because of the old mans unprincipaled
actions. know of at least three who have
pulled out within the past week"
Ee declined to state what his patronage
amounted to but a conf Dental friend said
the cash deposits of Bliss & Co., was $780,
600.
No statement concerning the incident
could be had from President Hutchinson,
save tho information that the Corn Ex-
change bank could get along comfortably
without the patronage ,g Of MI: ,i Bliss:
the clearing house check of S675, 900 as his
profits on sales made Thursday.
DTALcATIoN.
Shortly after the board closed to-day q
fumor gained currency on the streets that
one eff the employees of the American Ma
tional bank, of this city, had left the city
suddenly with large amount of funds. The
fugitive was alleged to have been using
money freely on change in making good his
shortages on cash September wheat. The
sudden rise in the market, it was asserted,
had cost him not only every cent of his own
but also a considerable amount belonging
to the bank. The officers of the bank de-
c!ined at first to either affirm or deny the re-
port.
The troubles of the bank in connection
with the wheat corner last year attempted
by Harper, the wrecker of the Fidelity, were
recalled and formed the subject of much
talk.
Late tonight the president Of the bank
authorized the statement that there had
been defalcation, but that it would not ex-
ceed 5000. 1t will be made good to-
morrow by the culprit's friends. The presi-
dent refused to give tie name of the often
der.
CHICAGO, September 2S.-While there was
an enormous trade in December and Octo-
Der wheat the great interest still conferred in
September. Hutchinson, when approached
by the manager of the quotation depart
ment of the board for price, said: 81
don't know anything about it. I will give
81. 40 for it if you have any for sale." He
afterwards said that he would fix the price
at which be would sell at II O'Clock. The
poor shorts, not knowing where else to get
wheat, were patiently waiting for that time
to arrive. Meanwhile st. Louis is being
called upon for wheat. It is said that
freight trains are already loaded there and
are speeding this way on passenger train.
time. There is also said to be little stuff
coming from Milwaukee and Detroit. 1t
will take work on the part of the
inspection department of the railroads and
elevator people to get thu stuff into
warehouses and issue receipts on it this
month. Meanwhile Mr.. Hutchinson con-
trolls the situation. October pork. lard and
ribs are in much the. same condition as
wheat. Armour has pork, ribs, and Robert
Warren Fairbanks lard.
The first upheaval in October pork came
this morning, when the shorts bid it up from
SIS to 1880. Before the call, however, it
was back to S15.25. Ribs have shown COM
paratively little movement. The lard deal,
which to all appearances has also been spread
out over November, has also begun to move.
November closed last night at 50 221. It
opened this morning at $3.50. An hour later
So. 10 was bid, $3.50 asked.
GOING TO CHICAGO.
ST. LOUIS, September 2S.-One hundred
thousand bushels of wheat left ST. Louis on
fast trains last night, in fact all that was
available. 1t is claimed that the grain was
forwarded by st. Louis shorts who were
caught in the squeeze. There was little
furry on change to-day, though buyers were
cautious.
ANOTHER FINGER BURNED.
New YoRK, September 28.-Williams,
Black & Co. were unable to meet their obli-
cations to-day. No statement of assets or
liabilities can be obtained and rumor places
the amount of the liabilities at 81 COO, ,OOO. A
member of the firm, however, declared that
all contracts would be met tomorrow. The
failure is connected with the Chicago wheat
squeeze.
MORE HOPEFUL.