Show SAWYER SAW WALLACE T CO the london representative said to 0 o haie hai e caused llie the failure hi be It tempts to bo do a smart thine thing in pork fork and bets the firma firms root foot la to it to the I 1 extent of special species F chronicle service I 1 CHICAGO sept 5 the tims says A smart eon son did the tile unhappy business bustness for sawyer wallace co L IV sawyer a hopeful son of 0 the senior partner w was as stationed in london and put at the bead of the firma firms lt affairs I 1 in that city and for the whole 0 of f europe lie Us catered to the high fl fly y ing bloods of the realm and by guaranteeing an a coterie of them against the loss lose of more than 50 cents a barrel got them into chicago pork he ile be bg ared oat out on oil paper how easy it would be to buy barrels of pork at from 10 to 12 a barrel and sell it out at 20 a barrel and take no risks lie ile picked up an 0 old id COPT v of tho the rules of the chicago board c of trade which made mess mesa pork made prior to november 1 irregular on delivery A la later rule made the pa packing c king season two months longer adding a month on each end young wallace did not know anything about that bat but when the firm bad had to take and pay for 75 OW barrels more pork th than n had been ca calculated on the fact was called born somewhat forcibly to hia his attention jagt just when sawyer wallace vallace Cs had to shoulder the deal is not yet known certain it is that the Y young on I 1 man moa in tendon kept the new Y york rk housa house jahs inice dark as so lung long as possible blinding standing them off by representations that bia his customers were good bat blow slow and kindred other fairy stories ories et BI before fore the truth came cam e out the london sawyer saper bad stuck his firm with a adries aeries series of other bad deals deal for real or imaginary ry customers the presumption t being bing e that t bathe be wu was bis his owa own bast best c client or worse as it tarns turns out the new york concern ke kept at pa paying ying out on or orders ders from lon london on until the losses ran up into the millions and nd it was not until ruin was inevitable ne that the truth in its naked severity was br brought 0 to light th tha f firm 1 r m los loses ses on the chi ch bigo pork deal BO local at reports figure figur a ito it out at of which about ii is in the shape of carrying charges and commission commission charges and the rest in shrinkage in values this added to the lowes losses in other commodities and looie loose management management generally charitably d denominated an aa a too ii aral PA icy eventually event nally drained the firm dry and exhausted ita its gragour ra sources c ea the tile firm has known for two or t three h ree weeks that it could not weather the storm an and d in that time it has gotten ita its at fairs in such a shape that the heavy losses consequent u upon pon its collapse w will ill tall fall on juose best beat able to stand I 1 it viz ca capitalists to and the tile 11 atle fellow fellows have been given a chance to wriggle 0 out u t the action n cf ef the tile local provision marked today to day was waa a puzzle after a wild and panicky opening in which P pork ork sold olf at 75 conti a birrel from ibe the jump aad and and lard down the ecale scale proportionately as far strong people went to the front and sustained the v values at the el close ose of the session opinion was divided a as s ti to whether the sawyer wallace park pork had bean been quietly taken by armour and the other distribution houses on q private terms or whether the con concordi concords cords in whose names the property was wag standing had joined issues in KM ills joining prices until a moro more auspicious moment for working it off to have attempted to closeout close out or barrels of pork yeat yesterday erday would have inevitably lad led to a break of a dollar or two a barrel and precipitated a panic the margins that arc are on 01 tho the sawyer wallace pork would be ample protection on ordinary occasions but not in ia a grand |