Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1888-10-04
ob HiJICH.s
The Chicago Hn sid to Heve
Hade &2boQo ooput otHis
Wheel Doal.
Gr.ia From St 1ouis FeiIs 70 Arrive
in Time % Prevent . Further
SQueese.


in Time 70 Prevent Further
SQueese.
Other CsTne,s Formed Blin Gstss Angry
and Denounces Hutchinson q Thisf
.-B.nk 0lssk Dsfanle.
CHICAGO, Sept Alt 10 sstimated by
excellent authority that Hutchinson hes
made 8, 5000 out Of the September
squeeze in wheat. The price Of September
jumped up Anothes Is cents yesterday,
and unless . lot OK il can be rushed in from
Sc. Louis stOld Hutch" will put &c up to 81
There is plenty OF wheat in St L.oois 60 Ill
the shortage, but the question ID. "eAn il
be brought here in time 70 be inspected
unlosded and receipts isssaed before the
end OF the nsonth?'' Freight trains On the
Alton viii be put on passenger train time
and the Inspection department viii hurry
things up, and 90 will the other depart
ments through which the grain will hase
to pass. Inspector Price received notice
that 100 cars would start from St Louis
Thursday. II they started It early in
the evening they should have Il here yes.
terday morning and inspected. The 6ttl0
sample bags did not make their appear.
did not arrive. In the meantime wheat
had got up TO $50.
Early in the morning "Oid Hutch" 70.
marked thatsth price would depend on
how much wheat they sent him from St
Louis. II it was 100 600 bushels, he would
make it $3.50; if 500, 600. s.. Ludlow, who
bought 10000 of Linn at 81. 80, took by mis.
take another at the same price and had
Linn scratch the second trade off, and q
moment later Linn resold the wheat to
another firm at 81 40. Lazinski. who had
sold s. 900 bushels to ssHutcA" about Mon.
day at. $l.o5, took il back Thursday ss
S1.25. .,f..,s y
The galleries Of the board were crowded
with people anxious to get q glimpse Of
their lunch. In the lower corridor q crowd
stared at the old man as he took his
periodical strolls across to the club TO
have his usual observation through his
field glass. At noon he offered TO sell
wheat at $50, and Broker Seymour. in
the cash crowd, was authorized TO pay
$1.49 for car lots. One Of the shorts, o
member OF q prominent chipping Hr1n,
held him to the scratch by bidding q AstIe
below him for the grain. Abe Poole came
up and bought 81, 600 at $1.50 81, -.
The price of September continued at
$l.50 up to the close. and the last $4,000
bought from Hutchinson brought that
price.
Starting in at from esk to es,. cents
Thursday nights closing mark-December
wheat jumped at once TO 81 and stayed
quite while, reached ST .O0k and fell back
to $1.OO. just before the close December
wheat, which had stood near 1914 cents for
an hour, suddenly went down under SELL
ing by hutchinson and general raid by
the crowd. 1t was said that the old man
had outside men buying it on the break,
which took it down to 9sH cents.
The other corners on Change, are in Oc-,
tober pork and ribs, October and Novem-
Der lard and September barley. Armour
is credited with owning nearly all the
pork and ribs and says that he can not get
enough ribs to supply his regular cash
trade. ~
One of the most sensational features Of
the day was after the close of the board,
when Mr.. Bliss, of one of the substantial
firms of the city, notified the Corn Ex-
change Bank that he would withdraw his
patronage and deposit. Charles L. Hutch
inson, the president of the bank, who is
also president of the Board of Trade and
is son OF "Old Hutch" Immediately sent
for Mr.. Bliss and asked what was the mat
ter. You have traded with us for q good
many years. Mr.. Bliss" said he, ssand
your father before you dealt with us. I
am at q loss TO know why you should so
suddenly withdraw your patronage with.
out an apparent cause.,'
"Any man who runs a corner on the mar.
ket," replied Mr. Bliss, blazing up land
squeezes the life blood out Of the trade il
no better than q thief. Your father who
owns 81 per cent. of the stock Of this bank,
built just such q corner, and, as said, I
do not consider my money safe in the
hands OF a thief; therefore withdraw NV
patronage
Mr.. Bliss went on angfily at some length,
but denied that he was q loser by the cor.
ner. last 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 he'd not
the bank president asked AN ex.
PLANTATION. "I am not the only one," add.
ed he, who has withdrawn from the hank
because of the old mans unprin cfp}ed &C.
tions. / know OF at least three who have
pulled out within the past week" He de-
clined TO state what his patronage
amounted to- but q confidential friend said
the cash deposits Of Bliss & Co. amounted
to SEQ, OoO., No statement Concerning the
incident could be had from President
Hutchinson, save the information that the
Corn Exchange, Bank could get a:cng.
comfortably without Che patronage OF Me-.
Bliss, the deposits Of the institation being
81, 00O, 600 in excess Of tho total year ago
Shortly after the board closed yesterday
q runor gained currency on the streets
that one Of the employees Of the American
National Bank OF this city had left the city
suddenly with q large amount OF funds.
The fugitive was alleged TO have been
using mosey freely on 'ebangs Ia nsn1ink
good his shortages Of 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 consider.
able amount belonging TO the bank The
i,fE 81 Ia ban b. -
either affirm or deny the reports. The
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