The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1891-04-30
odd HUTCH" MISSING.
The Great Chicago Grain Spec
uIator a Complete Wreck,
FINANCIALLYAND MENTALLY
He Mysteriously Disappears aud Can
not BE Located-.-E1citement on
the Exchange When the An.
nounccmentI Is Made.

OHlCAuOt ApflI Zu'-4ue uFeAk III Tue
prices OF grains on the Board Of Trade
this morning was caused by rumort
that B. P. Hutchison, the veteran
speculator, was in financial trouble. Nc
facts in evidence were given by those
who talked OF the matter, though It was
common report that he had lately lost
heavily in both wheat and corn, both on
the recent heavy advance and the sub.
segment break in prices. Mr.. Hutehison
was not to be found upon the floor ol
the Exchange and nothing could be
learned as to the real situation in his
affairs.
Later rumors were spread to the effect
that Mr.. HutChison was mysteriously
missing. Inquiry Of Vice President
Havill, OF the Corn Exchange National
Bank, brought confirmation OF the
rumor. He said that none OF Mr..
Hutchison's family had seen him since
yesterday afternoon, when the Board
closed. His people were, Of course,
very anxious in regard to him. The
supposition among Mr.. Hutcbison's
friends is that he has wandered away in
a fit OF temporary mental dependency.
The actual condition of Mr.. HutGhi.
cons affairs Is not known, though 1t is
understood that nearly all OF his trades
on the Board have been closed out, and
a private dispatch from Milwaukee says
that all OF his deals there have been
closed.
Whatever may be his financial condi.
ton, it is not believed that any one will
lose anything through him, as his
family, 1t is confidently expected, will
see them paid il necessary. Conserva.
tive opionion on the board, however, in.
clines to the opinion that this will not
be necessary. Certain 1t ia that all Of
Mr.. Hutchison's checks have gone
through the clearing house 30 far with.
out question.
The last seen OF Mr. Hutchison was
at about Z o'clock last evening. Hewss
in drinking place with friend, and
said as he left the place, "This is the
last you will ever see me alive" The
remark was dismissed as joke at the
time.
SURELY MISSING.
"old Hutch" is surely mysteriously
missing. It is supposed that he is de-
mented and his business a financial
wreck. Mr.. HutchiRon left the city
about midnight Last night, taking with
him small satchel and ticket 10 PEN
sscola, Florida. None OF his friends or
relatives appear to have known that he
was going. The veteran operator, how
ever, never was much for confdants.
It has been a matter OF common rumor
on the Board that his business misior.
tunes had unbalanced "0ld Hutch's"
mind. When, some time ago, his SONS,
in view OF their fathar'sreported heavy
losses following reckless trades began to
consider the appointment Of conserva.
tor to take charge OF his Affairs, the old
man was furiously angry. More than ever
be isolated himself, and on the Board
appeared to speculate for revenge rather
than gain. The dislike which he was
said 10 entertain for certain members OF
the Board seemed to settle into sys.
tematlc hatred.
A FINANCIAL WRECK,
No one but "old Hutch" himself
knew, or, for that matter, yet knows the
exact condition OF his finances. It was
practically certain, according to all in.
iications, tnat' he had lost OF late heavily |
and steadily.
The moment It was definitely known
that Mr.. Hutchinson had really disap.
peared from the city the operators who |
had deals with him began calling his
for margins. Shortly Of.
terward W. 7. Hutchinson, youngest
son Of the missing speCulator, formally
announced the fact that his father was
gone, and that neither his fsmily nor
business associates knew the old gentle
mans whereabouts. This was coupled
with the information that as result,
the house could not put up any margins.
For time the announcement caused |
the widest excitement on the floor and
tho market sharply declined. It was
stated that "Old Hutch" was insolvent
and that his liabilities would be s., ,OOO,.
600 In excess OF his assets.
On the other hand W. !. HutchiHon,
while saying, ~ think fathers mind is
and that he hos wandered
away" added: II do not believe he is
When We can find how his
affairs stand l am confident everything
will be paid in full, dollar for dollar"
According to the best information that
could be gathered from all sources to-
night, the missing speculator is "longn
on July and "short" on May wheat in |
large quantities. He is also "long" on
a large line OF July and May corn.