Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1878-08-07
Miscellaneeas News


Sit says the 3drn1Y Ia IJuk
wheat cuIminat I'd iiamj n Il aeat' Ell
element at 2;SO this afternoon. A kw
minutes before noon the board closed,
and McGeoch instructed his brokers TO
bid 81 80 for all July wheat offered,
thus establishing a price at which de-
linuuents must settle. Settlements
were made for all but $1,000 bushels.
This amount is due from prominent
members Of the board, who claim their
deals are margincd to a higher figure
than the closing price; but that they
were forbidden by their customers to
settle. Matters will be thrown into the
hands Of the committee for arbitration.
McGeoch & Co.'S profits by this corner
is variously estimated at from one hun
dred thousand to half a million dollars.
1t is certainly the most successful ma
nipulation ever attempted IN the north
west. 1t is now thought that August
wheat is also cornered. &
Under same date rs above q
Chicago dispatch says, the corner in
wheat eliminated to-day, and the high
est price for cash was $1.1O. At the
close 81. 1Of was paid for July. There
was less excitement than anticipated
the price only having gone up about
two cents during the entire day, and
the corner showing much less strength
here, than in Milwaukee, There is
much discussion rs , to whether
the rule Of the state warehouse board
as interpreted by the directors regard
ing the right of operators to deliver
winter wheat in contracts in place of
spring, will stand in court. Test cases
will Immediately be tried, and
shorts who offered winter wheat,
mixed with spring in settlement, will
insist that the rule which makes such
wheat grade as spring is in force, and
that they have settled. Other suits will
be brought on the ground that this
whole operation is corner contrary to
law and the regulations of the board of
trade, which meets now for settlement
Of prices.
BEAR PAW GOLD.
A Sioux City dispatch Of July 31st
says the Bear Paw Mountain gold dis
coveries are creating considerable ex-
element in this section. w. II. Circuit,
a former resident Of this county, but
who has for several years been keep
ing woodward in the vicinity OF
Bear Paw, returned here to-day,
and is going to commence immediate
ly organizing a company OF 2oO
men to start from here on the 25th OF
August, and to-day contracted for the
steamer Eclipse, z. d. Coming, agent, to
take the party to their destination.
Mr.. Circuit brings with him some
very fine specimens Of placer
and quartz gold, and is very enthusias-
tic. These discoveries promise to make
u greater stir than the Black Hills ex-
Cltement Of four years ago.
THE TOTAL ECLIPSE.
A Denver special to the Inter Ocean
gives the following graphic description
Of the eclipse and the observers:
The cloudy afternoons and daily
rains which have prevailed up to to-day,
have brought anxious forebodings to
the scientific men who have assembled
to witness the total eclipse of the sun.
This morning. however he arose into a
perfectly cloudless sky, and grave pro-
fessors boldly asserted that their inten-
ton of standing on their heads if the
heaven continued to smile. At Prof
Drinkers academy. q little northwes,
of Denver, were located by the Rev. DR..
Swazey and Professor Rurnhan, Of
Chicago, the former Of whom might
have been seen, in the convenien
shadow of the barn with q table
Of lagarithms, figuring intently. At the
same place were professor Ingersol, Of
Columbia college; president Rogers, ol
Christian college, Missouri; and profess
sor Turner, Of Kentucky. Universally
smile Of cheerful conte..t illuminated
their faces when the subject Of the
weather was preached. Next, half a
mile north, was the tent of the Chicago
astronomical society, with Prof. Colbert
presiding. The Princeton college, led
by the distinguished astronomer, Prof
Young, and assisted by Profs
Bracket and lockwood, Of Prince
ton; Professor Grant, Of Chicago
and nine young men from the col.
lege, was located two miles further
northwest, near Cherry Creek. This
party was by far the best equipped OF
any in the vicinity. and has spent nearly
- month on the ground in preparation
Their instruments were large teles
cope with connected spectroscope, used
by Professor Young; a comet seeker
several good smaller telescopes; q
double telescope with prism, used by
Profs. lockwood and Grant, -four pho
tographic instruments, and II prismatlt
..,,a .nrrnn1 hnSiAn S many sma llpr in