The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-01-11
INf0LD llUTCllS CRlrI.,I
He Has tho Chicago Hoard Of Trade by Il,

He Has the Chicago, board OF Trade by the
* II sS gtg ttg Throat. E d, I. $3.9l
d CnlcAdo, Jan. TO- Benjamin Peters
Hutchinson, better | known n as ys .'old
Hutch,o has Ills. clutches on the i Board
Of Trade, and there seems no present
way Of escape for that institution. y N Vi
The fluctuations Of the wheat market
may. appear natural to 4 student from
tho outside, but the Board OF Trade men
know that this market moves only 80
lar either way, as the will OF 3 HutcIin.
son, dictates, and the question the Board
OF Trade men are asking each other
nowadays s:SS""1s Hutchinson 5really
trying 70 carry out hisHold threat OF do.
stroying tho Board Sof Trade and viii
he succeed in This amiable enterprise ~
1. One Of the best known men on CHANGE
talked about the situation yesterday.
:lt,ls a.. desperate state of affairs, vi lie
said. THE market is naturallydull, but
=, Hutchinson has made it positively dead,
Ihere Is scarcely any OF what we call
legitimate business. 81 Country traders
and the other outside customers who
furnish the great paying patronage Of the
board Will not come into a market where
there are no fluctuations, and the conse-
quence is that things have reached n
standstill. The brokers do nothing ali
uay pat stand around and grumblc about
Old; Hutch. They still decline to cali
MIN benjamin Peters Hutchinson, 4, Old
Hutch's dealings Y have a blocked Il the
wheels ior, months, but no one can s,,r.
gest q relief. The old gentleman has III
hands at our throats, and he seems not n
little bit inclined 10 be mercitul
d HOW he MANIruLArEs THE MARKET.
When he wants higher quotations hee hie,
buys wheat till the rise comes. when
he, wants drop he dumps big load on on
theboys. He has the Chicago mar market
IN the hollow OF his hand, n For that
matter She practically " controls the 81.
Louis and New York markets. and ihe
does with both as hey pleases, Io can
Weaken or strengthen both OF them
whenever he wants to. u I think d good. |
lively market would run away with
MIN, but while the market; is dull lie
can continue his reign OF terror. Il There
is nota pit Of doubt that he is running
trade, no Eandn. Ed Partridge between
them Z Countrynlen and foreign buyers
Will not send sin orders on n market
that$ 1uctuates only occasionally. and
then at the dictation OF one man and in
Inc u, narrow range which she permits.
Iheyj VII DO something else with their
money, and professional I spectators
alone can not sustain "a board Of trade,n
thing the men around the
Board complained about is the selling Of |
puts and calls which, e;they nav, 6 is "a
cretly done 2byEbrokers 1 for two great
speculators.E One Of these speculators ia
SAID to have made Sl00,0O0 last month
by the sale OF i"privileges,n and there il
no5way Of catching him at itIIFT The effect
{ on n the market of$men buying and SELL
ing on I ,te csc puts and calls is in alinc
Win Benjamin Peters Hutchinson's
operations. Opinion is divided as to
why Benjamin Peters Hutchinson has
unturled the black flag. One man saws:
:He thinks he can break ub the Board
for his suspension: !, sjs:i4s9F ~
IN Q, nsays another,,3'she is in it for,the
. ]. :, = don't think be is making d &c cent by
it, "a third well-informed trader said .I
!. 81 81 Mean !i1 while, the. most picturesque man
N america Is lmpertnrbable. He sits in
his 'front.' seat behind the bass fiddler, at
the theatre at night, and ?applauds the
actors ne takes a amixed drink whenever
the desire seizes him; be does not refrain
IRON the pleasures Of a round table, In
no respect, except the change OF his tile
and the .rejections Of his Old ""nom! de
suerre,'"$ has altered his course. Ile has
the Board Eof Trade hipped, and the
Board of Trade knows it. {s$2t;S if;Ssi