The morning call., 1894-03-21

by your board Of directors with reference 10
copiracts for May delivery. Girvin, BALDWIN
g. Eyre; Moore, Ferguson q GO. cutter q
MosPley: g. w Kelley; Elisha Ransom q
Co: VI. A, Hnlcomb & Co.; G.. w. McNear;
F. a. Lux; BaIfour, Guthrie d Co.; L. meyer.
As a meeting must be called hen re-
ouested by ten members the president
caused a notice as follows to he pinned De-
side be other announcements, all OF which
were surrounded by crowd OF more or
less excited members:
SPECIAL MEETING.
SAN FRANCISCO. Narch 20, 1894.
In response TO petition that special meet
ing of the San Francisco Produce Exchange
Cali Board Association be called TO 'reyiew,
consider and advise regarding the action taken
by lie bo I'd OF directors of The association
with ref renee 20 coniI acts for May delivery"
- ecial meeting OF the members of the asso-
citation is called for Thursday March D. at
2:30 p. NJ, IN the rooms of the Chamber of
Commerce Z. 5. LAUME1sTER, President
Regarding The proposed meeting Barry
Baldwin said that the members were not
wholly satisfied at the stand taken against
McGlauflin & Co., and they intended hold
ing meeting of the Exchange to thor
Oughly consider the natter.
1T Is not for the best interest of the
Exchai ge hat such business should COLI
tiDue," said he. "Many of US believe that
1t would be positive injury if this should
continue. Though Pm not personally in
terested in this matter | signed the reque st
for meeting. feeling that fair play has
not been done toward McGlauflln.''
Another member whu signed the paper
said: 1T is for the pure and simple justice
OF the question we have called a meeting
of the Produce Exchange. There is a
question Of equity involved. and injustice
has been done. Ii few directors can run
the PrOdure Exchange to suit their own
private ends il is about time something
was done to run things right. Here are
shorts making laws TO protect them
selves and defeat an enteTprising mem ber."
MrGlauflln was quite severe when seen
in his office after he had written the sec
ond check for 100000. 1.-THE largest
shorts on the market" said he, ARE
directors, and they have done this work
But we are solvent still. We can stand it,
th"uRh we have to put up $500 for their
$500. and ~e will take it into the highest
court OF the Un ted States"
The shrewd manipulqtor drops in to the
plural 'we" in talking about The deal,
which carries with il great deal of
weighty importance. For the "wp" may
mean many millions of Eastern OF English
capital.
1--WE are able to hold our own on Nav
wheat, aud the shorts have no stock 10 fill
contracts. But they will have TO fill when
the time comes. no matter where they buy
the wheat There arc no ifs about that"
When the time does come, which will
be soon, the shorts cannot expect mercy,
and they know it. because they declared
war in an attempt 10 save themselves.
Then the real trouble may come in the
form of a crisis. with failures probably, or
al least there will be some heavy losses.
farmer in Napa County has written a
long letter giving the farmers views. He
wants the bulls t0 have an equal chance
with the bears, and complains that when
prices 60 down nothing is said about the
depression. when as at present." he
writes, "the trice of wheat is at ruinous v
low rates, is there not more justice in up
holding the men who are purchasing this
wheat, and thereby preventing a still fur
ther loss to the farmer, than in endeav T.
ing to create sentiment in favor OF the
'poer shorts, who have been caught in
selling grain that they did not own?"