The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1891-02-01

! the commercial world prior 20 the evolu-
/ ton of the option dealer; and yet such
dealers perniciOus arts affect the market
for the animal, a. the price of hogs Is dI-
rectly related to that for packing house
products over which the option dealer
holds "A sway, modified only by the vast
capital welded by Chicago packers, who
often take hand in the game when desir-
Gus of sustaining the value Of their own
product or depressing that Of their com
petitors.
Aside from farm products, in primary
and secondary form. the sales Of merchan-
disc in ChicEgO-at whOlesaie-during ISIS
amounted to s487, 500 900, Chicago Tribune
Jan ]. 1901 all of which was
marketed without such aids from the OPP
tion dealer as the Boards Of Trade assure
US is absolutely necessary 20 the ecOnOmi-
cal handling and placing IN the hands Of
ia consumer the indispensable products
of the farm.
The treasury department. I'm its report
on internal commerce for 1857 shows that
the products OF the farms, mills, mines
and factories of the Mississippi val
lev for that year amounted 10 s. Sol, uoJ,O0
all of which, no doubt, were as readily sold
and as economically transported aud dis
tributed as was the small fraction Of farm
products subjected 70 Board Of Trade
methods.
l1V reason OIL lL- IeINE the ltIEt~t uiHThtJ
for Farm products and the mum Der. aCtlv-
ity and supreme audacity Of its spectators
Chicago has become one d the most potent
factors in fixing the price for such pro-
ducts. and vet that city handles less than
Der cent Of the wheat and corn grown, It's
power in this direction being out 81 all
proportion 20 the volume OF products
handled aud is directly attributed 10 and
IN exact ratio 20 the enormous quantities
IL
the market, and 10 j. the daily Offering,
selling and buying o. these ngments IA
million on million Of units that enables
one coOl-headed man. possessed Of capital
and credit sufficient TO margin millions
OF such fictitious commodities, 20 dOmi-
nate the markets Of the country and deter
mine prices in the manner set forth fra the
following Chicago Tribuuel market re-
port and also indicating tho character Of
the fabrications rcsorted 70 IN order 20 de
press prices as well as some other phases
Of option dealing.
October >, 1890. the leading produce
markets were active aud generally weaker
with Mr. Hutchinson in complete control
Hutchinson sold corn. and
when be sells the price usually does down.
That is what 20 did Yesterday. ln spite ~
were smaller than anticipated. fore. gu
advices strong ans the shipping demand
held up well while private Information
from the corn country confirmed the worst
reports Of damage by drouth and frost
October . 1-esJ wheat was again in the
hands Of a few people chef among them
Hutchinson, who bought until they started
the price up and then sold out and went
short enough 20 depr-ss the pr4cs and give
them a chance % take a proht and - along
again. IN this way the market was held
within q range - about one cent al day
October l0. 90 The leading produce
markets were moderately active yesterday.
and exceedingly nervous and sensitive
j 10 crowd se~rueC rattled and WA
ready % run ~ tie sli gLtest rurnCr
Hutchinaon, s. Ea- generally under
stood, was Iu = position - control al toe
and = close watch was
kept ca al his operation
4 number % ruuors ~ huznicisl disasters
ID various parts q the world were set
stioat, most u them originating in The pit.
aud there was break. A. &L0J. ca fhs
down turn, q great deal q stop loss'
wheat cam out sDd tAs price wa carried
down over I cent
OCTOBER a 100. - here was some ex
rec-atian thar the bear element would
atteuIpt % rad The raarks; 5gt 10 failure
- CO - nay - attributed y the fact ttat
here Is q iarxs in crest a. r. Lo1ls that
would vroGt u . decline, a. 10 - believed
- - s1c-- several million buahs!A l. Is
ius. possltls that thers vii - a. attempt
- ruu this clique - cDTer.
Volu1les c0ud 1Dt more clearly dsruoa. [
gtTAfe h1F prscea Hr- - &c lr ths rslnnss~
Ia whie6 ias produ-sr j. naAngisd while I
bali nHd bar c11tend orer Ia
orust-Ats form
Il the system which creates ard p~rrs.- ,
.rztsE sucn co5citAcus T. a. outsroNta ~ .
!. VI lizat4gf. 20 $50 - are Lotteries. dram.
saop.. poo se.lng Aa1 auzrrhisnl. but a
Ia l1r4tT q cltlnsas believe 0ne s-s9 81 Ars 4
T-rsssnc@s 20 uhlcE TIE EElfs -ao4l1 -
applied N.tb1ut hrsitslloa
Bscz1@s certain methods are the out
zrcN-a u C.Ea&zt4sz g does Eot follow