The herald., 1893-08-03
More Chicago Spectators Go
to the Wall.
Sandy" Eggleston and Others
Badly Pinched.
Very Little Improvement in Pork and
Wheat Prices.
Several Big Produce Firms Mako As
Observation-Disclosures Mastered
on Jack Cudahy's Louis
Vile Property.
BY the Associated Press.

OHICAGO, aux, Z.-lC lOOKeu as IL y0b-
terday's thunderclaps had cleared the
atmosphere OF the board of trade at the
opening this morning. September
wheat started 255 cents higher, at 60,
with some sales at 6O1ss, but later sold
off at 594. September pork opened un-
changed. at $12. but weakened to $1l.4
September lard opened ~ cents higher,
at $685.. September ribs opened 20
cents up, at $3.50.
The bueyancy, however, was short
lived. Soon after the opening the fail
ure of D. Eggleston & Son, widely
known firm engaged in carrying lard
and pork for the Cudahy-Wright
clique, was announced. The announce
meat was accompanied BY that Of the
failure of George G. Parker & Co., q
well-kncwn com mission firm; then
came the suspension of Thomas Greig, q
fai-ly prominent tender All three were
expected. All three were more or
less closely connected with the Jack
Cudahy deal. This caused q break Of
over 8 cents in wheat, to 5S5a, but a
rally quickly followed to 601a. Ribs re-
AAuihCo btAOAk a1A0 00N6ASo0 AAchA
$6.62ls to $685.. Pork dropped to $1l,
but recovered to $l2.5. Lard followed
pork.
As the day wore on q report became
current that HI. D. Armour, the great
packer, had provided for the cash wheat
Eggleston was carrying. Eggleston's
trouble, 1t was asserted, grew out OF hog
produce, not grain. The consequence
was tendency to make wheat firm.
Large seaboard clearances were also a
bulling factor. Before noon liquidation
seemed completed and all the pits were
comparatively quiet and steady. Ar
mour was heavy buyer Of pork at $12.
The Anglo-American company pur-
chased much lard, and Nelson Morris
took hold of ribs. At this time wheat
showed an advance Of cents over last
ais9hda c66Q6P dFash hll4 lHH Iaan@l sa h.lasl Roaa
Ribs were.50 cents higher.
Tho failures of Eggleston, & Co. ant
Parker & Co., also that OF Greig, grew
out of yesterdays crash. The fact tina,
Armour assumed Eggleston's great hold
ings of wheat is all that saved the market
from another great panic. G. B. Eggle-
ston, better known as SANDY" was one
of the leading figures of the Kershaw
failure at the time of the collapse of the
Fidelity bank corner six years ago. On
that occasion he lost 5000, 900, but had
some left, and his wife also had 81 800.
600. 1t is believed he has been let in
this time for about $500, 900 personally,
and the firm of D. Eggleston & Co. for
as much more.
Parker g. Co. were deing business for
the Cudahy- Wright Fairbanks combina-
tion, and their failure today was the
logical sequence. Their losses are re-
garded as about $5O0O00. Thomas
Greig has never had much trade and his
Losses are estimated at about $40, 900.
On petition, receiver was appointed
for Eggleston & 90. this evening, the
liabilities Of the firm being given at
$500,000
A. W. Wright. who went down yester-
day, assigned today but no statement
was made. His resources are believed
to be exhausted. He was rated at $780,
600 year ago.
The North American Provision COM
pany assigned with assets of $500, 900.
No statement Of liabilities was gwen.
saLcUIsvILLE, KY, Aug. 2.-Twoattach-
nent suits were filed in the circuit
court this afternoon against John Cud.
aAy, the Chicago speculstor. Nelson
Morris & Co. secured an attach
ment for $4,000, and the Louis
vile Packing company secured one
for $217 900. These firms claim
that Cudahy owes them the above
amounts. Cudahy is said to own most
OF the stock of the packing company.
Late this afternoon deed Of trust from
Cudahy to the Columbian Finance and
Trust company of this city, executed
last October, was recorded in the county
court clerks Office.