The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-09-29
SHORT WHEAT.
Old Hutch Retains a Firm Grip"
He Blandly Offers to Soil at 81. so
Bushel.
No Time to Get Wheat From st.
Louis Inspected.
The Big Corner Breeds q Variety of
Little Onos.
A Big Firm of New York Brokers Com
pelled to Ask for Time
cold Hutch" Denounced
as Thief.

CHICAGO, ILL.,, Sept. 2S-The Daily News,
speaking OF the prcdicament which the
Shorts" in September wheat find them
selves in, says:
There is just one salvation for them.
There is plenty of wheat in ST. Louis to
fill the shortage, but the question is. Can
it be brought here in time to be inspected,
switched to the elevators, unloaded and
warehouse receipt issued on IL before the
end of the month";
"llere is where tho shoe pinchcs.
There arc many chances against il. The
freight trains on the Alton road will be
put on passenger train time, and the grain
inspection department will do all in their
power TO hurry things on, and 30 on
through all the other departments through
which the grain will have TO pass before
1t can gladden. the hearts Of the shorts.
"rhee are many obstacles in the way Of
a successful carrying out Of all these plans.
Freight cars are scarce. Perhaps this IL
not 10 much ON the Alton at present as
on the other roads, but there is possibil-
ity IL may cut figure. There is bare
possibility that switch engines may get
disabled and other distractions, and then
again there may not be enough inspectors.
State Inspector Price says that he has no
extra men, and that he cannot get them.
Track inspectors are born, not made. II
takes twelve 10 fifteen years 10 educate TO
the business, aud then only one out OF
about fifteen makes good track inspector.
Inspector Price received notice ycstcr.
day that 100 ears would start from 81.
Louis last night. II they started il early
In the evening they should have had 1t
here this morning and inspected. But the
little sample bags did not make their ap-
pcamnce ON change, and IL is safe to say
they had not arrived. In thn meantime
wheat had got up 10 Sl.bO. Tho other cor
ncs on change are In October pork aud
ribs, October and November lard, aud
| September barley. Armour " not 10 bo
vutdunc when corners are going around.
| lie In credited with owning nearly all Of
the pork and ribs, and says that lac can't
get enough ribs To supply his regular cash
trade.
"Reccipts Of hogs continue to run light,
aud il is probable tina, II there is enough
Of n shortage out 10 mako II worth the
squeezing that tho squeeze will come.
| There H. however, considerable time be-
tween this and October -.
"Ihc lard deal IN even moro remote
Stocks are light all over the world, but II
packers get right down 20 business aud
tank everything but the hair and toe nails
as il the usual order Ia such emergencies,
quite a quantity Of the product can bo pro-
duccd 10y November 10, providing, Of
course, that the demand ior pork and ribs
does not cut on the production, ~ IL prob.
ably will. Cotton seed oil, which, when
mixed with lard, used 20 help the
shorts out 10 an apprciablc extent, does
not at the present time pass the inspection.
Nothing bui prime steam lard goes. Fair
bank aud Robert Warren presumably
know how much lard can be- iloatcd into
consumption through the regular channels
Of trade, and would not probably try to
corner lard unless they know what they
aro about. As every circus has its side
show, ~ does tho barley corner compare
with the wheat corner. 1hcru is Just D.
/ 900 bushels Oi contract barley In Eiora and
the shortage amounts 30 lu,ul1 bushels.
Joo Waite, Of ElmandoH 4 Waite, h the
manager. But II IN not known who thr
unfortunate individual ~ whom ho has
nailed 10 the cross. The galleries aud
corridors oi the board " trade were
crowded with people, all anxious 10 get
glimpse Of "Old Hutch" Many Of the
gallery people brought their lunch, pre-.
pared 10 stay all day. In the lower corn.
dor gaping crowds stared nj the old gem
ilcmnn ~ ho took his periodical sifulls
across to the club to take hs usual weather
observations through hs field glasses. A.
noon ho offered b. sell wheat nt ? = ~ and
Broker Seymour In the cash crowd was
authorized 10 pay si.lD Tor car load lots.
Ono Of the shorts, a member oi n pr1mi.
ncnt shipping firm, held him to the scratch
by bidding little below him ior the
grain,