Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1893-08-03
TROUBLE IN TRADE
Chicago's Pork Slump Catches
Some Other Dealers.
EGGLEsToN, SON & co. GIVE IT UP

Said To lie Big Failure, but Few Figures
obtainable-SeveraI Assignments Made
Jack Cudahy's Case-Ex-Senator
Ingalls, Not Feeling Very Happy
Charges Against Ex-Governor Foster
Banks Out oTCurrency at FaII River.
CHICAGO, Aug. 3.-Business on the board
of trade opened with another collapse in
cident to the failures IF Tuesday. The not
unexpected suspension Of c. L. Eggleston
& Co. was announced Immediately after
the opening. Following the IA lure Of Egg
gleston Il Co. came the announcement of
the collapse OF the well-known firm Of
George g. Parker * Co, whose trades were
ordered closed out from the lery by Sec
rotary Stone, and at the same time the
trades of Thomas Greig were also ordered
closed. Board of trade men generally look
upon the Eggleston failure as a big one, so
far as Mr.. Eggleston personally is con
cerned. He was a man of wealth, and was
not afraid to use his money toprotect him
self in enterprises of this kind.
Cudahy Not Entirely Done Up
All these failures were c. by the
collapse in pork. What the . ilitie> e
is not known. Relative to CuDa ~ fail
ure it may be said that by many it i
thought that this deal is only "A >iIe-,how
with Cudahy, and that he has enough
wealth left to carry on other big enter
prises and come out on top. Said one Of
his influential friends: The pork deal
alone would not have crippled him; it was
the deal in lard. He couldn't stand under
Ia gF HON at nd had Z n
up the sponge. Last week he held l30, go
Jierces OF lard and this amount was in
creased to 2o9.OOD tierces yesterday in ga
effort TO sustain the market" When mar
gins were call / f,g he could not get money,
for no sort CO.. .ccUri;y goes for much IN
banking circles now
F.-t at the stock Yards.
The trouble on the board of trade was
felt at The stock yards. perhaps in a man
ner never before felt. The receipts of hogs
were 5000 and when the market closed
there were 1909 left. Buyers simply re-
fused TO look at stock at all The re,
ceipts of cattle reached 1900 and the
market went 10 cents lower. The liabiIi.
ties of the Cudahy failure are still being
guessed at and the figure is put at from
100000 TO 81 10000 now. but really
nothing definite is known.
some Assignments Made.
Among the assignments made were
those OF the North American Provision
company, with assets of $500, 600: Adam
Smith * Co. wholesale liquors, with assets
of $4,000, and liabilities of 81 5000; A
W. Wright, o. the board of trade, assets
and liabilities not stated These failures
do not seem TO have hurt the banks q
particle and there seems to be no appre
hension felt i'll business circles off the
board of trade.
Liabilities of Eggleston.
On application of Charles B. Eggleston
secretary AMI treasurer of the Egglestor
& Son company, in the superior court
George G. Lazear was appointed receiver
for the concern. John c. Hately is presi
dent of the company. The liabilities Of
the concern are placed at $500, 900. The
capital stock OF the company when organ
lied was 100000. 1t is claimed that moth
ing definite can DE known of the company's
assets until the results of recent deals are
known