The sun., 1893-04-19
COFFEE BULLS GO TO SMASH.
THOS. A. BARR q co.'s SUSPENSION
LAID TO KILTENBACH
Considerable Mystery About that Alleged
PIupEer In Pnris-The Weary Bears Re-
Joiced by N Thum ping Break In Prices.

Considerable Mystery About that Alleged
PIupger In Paris-The Weary Bears Re-
Joiced by N Thumying Break In Prices.
Thomas NJ Barr 4 CO.. 1o7 Front street. tho
representatives In New York OF George Kaiten-
bach. tho alleged coffee plunger OF Paris. an
nounced their suspension to the Coffee Ex-
change yesterday afternoon. The stoppage OF
tho firm was due to tho recent declines in the
prco OF coffee and the alleged failure OF Knl-
tentach and o,hec foreign customers to re-
spond. to the firms cable calls for additional
margins Mr.. Barr. lator In the day. said that
the firms losses wore about S2T5.o00. but that
these would be reduced II Kaltenhach and the
others redeemed their promises and rccog-
niyei the bonds deposited in Paris to secure
their margins
Mr.. Barr was not In the least disturbed by
his firms suspension. Indeed. his office wns
as merry yesterday as any down town.
This kaltenbach. the alleged coffee plunger
for whom Barr 4 Co. acted. hus been envol-
oped for month or moro in n good deal Of
mystery. Nobody ever henrd OF him except
through barr 4 Co. He is described as Ger
man Speculation. residing In Paris. and very
rich having behind him personal fortune OF
SlO.OOOOO0 or Sl5.0OO.00O. His connection
with Barr Il Co. has never been cIoary ex-
planned. But. at any rate. he is de-
on the Continent. and as having in the last
two months had extensive operations in New
York. Hnvre Hamburg. and Antwerp. especial
Is in Harre.
On March 80 Mr.. Barr In an interview with
an EVENING Sun reporter. acknowledged his
connection with Kaltcnbach in the bull deal.and
eaid that Knltenbnch had liluidatcd two-thirds
ion. .s and nII that ri hls holdings had been at no
time more than 3o0.OO0 bags Of 1870 pounds
each. His holdings in New York were about
After the suspension yesterday Mr.. Barr said
toa amorninG SuS reporter: ,
suspension. s We have Ueen on the right side
ave ,ne nse ee..oy sS When Ws we're
the D as Of f tn wt we our ne
fG%i r"s %a ls had scssa them eSs Would
on ,Er our own own account. We csblei Tor more
Isposied ] i in AZ Europe 70 Tor certain Of these mnr. @
gins Icannot .ay for how much, II these
$ se b.d ina not
{, t9r ten months George ka'enoaeh was one
.ye+terday's was tho widest coffee market
that has been seen for som, years The sales
"rs IN So ays Prices is i6o H p"Dts or
1c 10 ! ,.c. per pound. making decline in two
as hs Fl Havre e @
1l.c. per pound. yesterday. and Monday it fell
ps""ss ns and Eonaon %nG Aaa9sssG
Aprii option closed at IL i5s: "f'ss touehins
The MAY option closed at la05c;. after touch
Friday last The he option was I505c. The july
option closed ut 13o after touching l2G5c.
% Ss opd" 6es was ns SsSe. on fasy d1.
ne nnssssyesterday y WAS IN the SeEtem Der 2phon.
stsp sS pres fs,ax wa. = on Friday last
A. Eoas.ing house hsre bought 10000 bags
,ns assn aesss son n' Ss
bears hammered the market vigorously dur
and @ ns large saH
The shorts for months past have received very
drop
ago the rules of tho Coffee Exchange were so
altered TINT corners were rendered very lin
grades as contract Seliyery. Il CAV. "Tenss
t, some who have been associated with cor
se isiy ns
sisleseI % dfSGpDe.d al. In It ths EXCHANGE soon
one Very familiar with the causes of yester-
days !rss smash sa,d; Ii ,,,,.. ,..n,.,...,
the heavy liquidation by foreign, bulls and
alleged to have been headed 6y George Kai-
BAGS New s"d York ans @ sssn
o1 heg; @ 5 IL havrs h IN the & shars , Of futures be.
with the large .moluments which were at one
time to his credit owing to heavy, advance
ina nently rich and one Of the most brilliant
yictors in the arena oi coffee speculation. But
Calls % ior margin from this Side We're nc not re- re-.
sponded to by him. and his brokers in this
ty sold hin % St FIT I'm Is Thomss
sands There was hing in the coffee sItua-
spec specuiatiou had halted and he JIdn't have the the
funds with which to carry through the deal
msnsy me eHn 40 as the man man dsi rom n% aeE 81
* short time aco Barr 4 Co: were long Of
way siSsesa s. Henpy or TS Hspz 'sfd sSd
lWoOo bags OF spot coffee for the Arm yes-
The firm WAS organized Jan. l.. 1901. to run
BARI: B"rr Victor f t. Miller an james R"IIand.
general partners and Thomas Tho T. Burr. special
81 E Thoes nhG@rs ressn. 1rF Fl Fl the the
Tsctos ts@H tS the German National Bank. NsW York.
the principal owners Of the Central American
Trading Company. wholesale, ootrees. at lot
Chirngo. AMI tho Nassau Trading Company.
coffee polishing - mpa,rhinery on FurmaIl
in iSSI, with n capital stock Of S2O.OUl The
Central American Trading Company was In
corrorated on April ~. 1880. with capital
stock Of S25.tOO nut the net assets. according
to the inventory OF Jan. last. were $l2O.OOH
A Live Wire Injuries Four Persons and
Kills y Dog.
SoMERvILLF. April 1S.-By the moving OF
frame house through tho streets here to-day