Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-08-03

trading fairly active; May Gs04), s23lc.; Au-
gust, O9c.; September, Tie. October, l3ssc.
com dull, MalHc higher. ana firm NO. =,
41a17jAc. In elevator; 4SaislSc ahoat OPP
tons duh az ftal4c advance, clcslns nun ;
August, 47l6c; September, 41+tc.; OctO0ef,
7$lc Oats l4al6c lower and fairy active: op-
lions duh and easier; August 30Hc; septoin-
Dor. 30L c. October 3O9hc.; spot No. :. Doc, NO.
p white, 371Sc.; mixed western, 'i1a3Ol2c-;
WHITE, do, 31I6a4tc. Wool quiet ana steaiy ;
domestic fleece 57a32c.: pulled, 26a31c.; Beef
dun. family, sl0asl2: extra mess, s,.3Oa5b.
Beef hams quiet AZ SIS. I1ercei beef steady
aud quiet; ciLy extra India mess, sloal'' Gut
meats quiet: picaled bellies, ! NC; shoulders,
l3tc.: hams ilal lISc. mlddles nominal. Lard
rrincr aud quiet; western steam closed t'.oO;
Ctty, sU.5OaS6 10; september closed SOU bll !
October closed 500, nOnninailv; renned duIi
.continont &c South America, pc, Pork steady
nut duh: new mess. 9l4 .jORsl'. Cotton-seed
oil duh and nominal Petroleum quiet ana
steady. Rosin dun and weak; strained, com
mon to good, Doc asl. Iurpentlne weak hhu
duII Mt 2tjI a163lc. Rice m good dsman1 ana
Grm. domestic fair 20 extra. 27sa5igc. japan
. .alisc. MOasse5 Foreign nominal: new
Orleans, open kettle, good 10 choice oU17oc' ,
InarKet quiet AMI steaiy Peanuts qu'et ana
unchanged. Coffee Options opened stetiy hnu
closed steady. On . points uo; August Sl4.s9
SIS: October. slJ.10bS2J; December. sIIA
s15.I5: spot Rio duh and nominal; NO. -
lGaIBiic. Sugar-Rag firm but dul it'r 70,
nning SIC; ceutrifugais, test, Sic' ronhei
:
A.. . I-i6aJasc graduated, . 3-ioAohgc'
Froights to Liverpool firm and inactive; co'Ion'
is1.; grain, 3f4d
CHICAGO.
CHICAGO, Angust 2.-Prces doomed today 90
the Board 0: Trade IN the TACO OF three lresu
failures The excitement for time was 81
fever heat. One collapse was mat OF INC mo-
prominent gratn-carrier 10 Chicago, " not IN Tue
sutiro countrv-C. L. EgglestOu u CO. l"o
otuer firms suspended ". Parker q
60. and thomas Creig. The new failures, BOW
ever, incuuug that OF Egglesl0h' gre"
lard cornor yesterday. When these ial-
urea were cut OF the way and other houses
passed tho clearinghouse, there began goOi
feeling IN ali the markets. wheat TOOK the leAl
with a bound OF 2Ac. IN September ana Ihs
uri,e went 90 0234c.. with the close at WAC
Foreign closed &c. higher, after selling nerry
.. over last night. Oats gained lc. III pro
visions tho packers we're covering thelr snott
sales, aud quotations rose Sl.lO Ior p1fh' ~;
Tor lard, and S2L5c. tor ribs. IL was q Win
Garket at the opening, and sales the nrst Few
MINUTES covered q range OF lAc. Tor sep
tamber, prices varying widely IN ulue-
rent parts Of the crowd. although AL sdies
were at leost lac. above ycetefChyH hh1l
1cnres The announcement OF the failure Of
Parker Il 90. and Creig vas almost unnOtceu'
50 lar as any effect on prices was cOncethcc,
being regarded as the logical sequence OF
yestefdays downfall OF tho provision Clique.
-
when toe trades OF ERglestOn were puolcly
ordered closed as they were known 10
10 carrying large quantity OF cssh
wheat. Their suspension created a panicXy
feeling for a few minutes, during wnich
the price dropped % 5S44c. AT TINS point IL was
d covered mat there was more wheat 10 Do sou
for the suspended firm. 7. ID. Armour 20, -
was said, assumed their holdings OF spot "neAs
rat IeIt .hls ,rade 20 be closed for them, except
the VIII at they had sold short against the casa
stutf TAat being me case the mAfeet quEAly
recovered 20 Ole, and Tor some uino
II nuctuated between dOc. ana o5Ac' III
nervous way when II po,,,,iio ~
rent mat no more failures we're Imminent the up
tu-n commenced 10 earnest. When exports az
greg atlug I, 100000 bushels and The TACT That
gold was being imported IN large amounts De-
came knCwn the downward Tendency VI trahers
randy disappeared. y l.. RcAm led the pur-
Ell ssers. Commission houses began 70 get buy
ing orders from outside as the session advance j,
ana in the final half hour the demand was last
aud furious. &. +. cgglestOn, or " SANDY as ne
is almost universally known, was one OF
tbe Leading figures in the Kershaw failure
that resulted IL the collapse OF the Harper cor
ner SIX years ago. On tnat occasion ne lOss
S3G4,O IN cash trying 20 save SS0,OOO spe-
cal partnership IN tins her5hsw concefh. 10
had some money left, however, and wite worth
$1,000 900 Being the DesE-pOsted man IN the
trade ia the intrcacios OF the grain AMI proYi-
siOn-carryiLg business aud HAVING the cOnhcence
OF the bauks, he Went into that line oi business
on worry extensive ,caio hhu 70 supP's0y W law
mnde back nearly al he lost through hsrsbaw
AZ HARPER Eggleston himself refuses 70 make
any statement of his adasrs Tor publication, Dot
h. Is generally believed by those ~ todca WIN
him that nc has put about 15OO,OOO back into
the game and that E2giestOn < Co. iaay be IN
toe gap for e5DO. 600 spread out all over tue
floor. How much oil that ~ covered by margins
cannot DO ascertained 20 certainty Tor seVcrAi
deVs Rxgleston a. 20. acted as clearing
house Tor dozen or more active, busting
brokers, who did not have tho means ~ s~inr
thelr trades. The failure has left them high aud
DIV and may emba-rasa them considerably.
Parker e Co. mad nearly 100000 In cash IN
the business and the house was regarded as one
of the soundess OF tho Boarl OF Trade:
IL do not know how | stana, said ooorge
Parker. ~ only know l got caught In the gag
fo- more money than l could raise, and had %
ia down. / considered myself a. sound as the
BANK OF England yesterday To-day l an
nike. had a big line OF provisions on my
books ana my principals were unable 10 respond
10 margin calls. That lett me 60 stand the
racket alone. and was not strong enough
awore your principals cudAhy' FairOans' o.
Wright"
aAlI OF them. Thomas Creig Is seotohmar
and well Thought Of. but has newer had any
cr eat trade. He was long OF pork at hish ngures
Tine Cudahy Pacing Company. y seems, y no.
involved in the failure OF Jonn Seasny, sah !. =
given ont a. one OF tho trades haf-seercts tba
vudahy sacrificed his interests IN the concern
and also In the Cudahy Packing Compan
OF Milwaukee, 10 rinse money 20 carr
ON his specuiat;0n, mis- brothers huyin.
him ou.. A feature OF the day wa
tns OMEN buying Of everything IN The itsf D,
Armour brokers. His purchases were % vor,
large scale Trading ~ the othsr pin however
wa ewsrled stonsnSas q vhset Gem opsns'