The sun. [volume] (New York [N.Y.]) 1833-1916, 1878-12-07
jim KEENE'S LATEST DEAL.
RUFUS HATCU. Jf1f's BTGHT BOWER,
IRRIIID ~ CHICIGO.
locking Ip the Crnin orthe Woodworking
Sos. - Aii'u"r H"linr- pr~ft Two niiiiOns
OF sew 1uih Money Ia the Garden titS.

Hfttftvn fwtnfH ir~ff Two MiiltOnH
OF Sew Hrtk Money Ia the Garden tity.
Non iio,' Times
There wa ~ larger crowd ou Change yes
toriay tlnn has be'n b.. 20 t.erc joe months tho
chcfd,-iroof eauNlousou sbe.ng To- 0oc Jim
Kccnc. Tho nam who could tgko 100000 out
ofhia vest pocket. gu ioau ID in ai envelope. and
send It by cyrr,-s o. Cai ego to buy up what
wheat lher. might be lynn. around loosc In tao
elevators. But the boys were disappointed.
Kcouo,alied ON Mr.. T.. !. Gage. cashier OF tho
First National Bank. ia the forenoon. gnd. after
arranging money mntters with him. returned
t. his room in the Grand Pacific. and either
was. or pretended To- be. indspo-od for the rest
OF thoday After failing To- have look at kccnc
hinr,cli the boys would have compromised ON
J. X Fisher. who il running this end Of tho line
for Kconc hut even that priyil - was denied
them. az Fisher kept close to his uico.
There was considerable srUlping done on the
board hut there WIS no movement ~ speak 81.
Tho developed strength a. the k"cne deal
nrn II uu tho rlccs 30 that No spring nyer-
aged n cont and qunrtcr higher than on tho
dnl ntey ious. ON Saturday there were COO
900 hushcls OF No. 2 spring wheat IN the city,
~ which kegnr now. 3ws about 20O0OOO. anu
away n few thousand bushels apiece. rclying
upon the success ~ tho kcrno move 10 carry
them through, What these small dealers hold
Is Ra encctually locked NJ rs though kccne X
Ycstcriay's receipts Of No. spring were 1872
Cstl llilNNi Nlis OF nfNTD Nil OF Wil'il WIS lNI-
ems the belief that the kccnc combination will
take up tho current receipts right along and
thus manage the market tO suit themselves. In
addition To the 81 900 600 sent to Chicago on
Monday by keenc, s3OoOO0 moro arrived on
yesterday. and il is understood that arrange
ments havo been made for rs MUCH more rs
may bc needed. This shows that kccnc Is do.
ing his financial business In New York and
only using the Chicago bank ms n disbursing
agent. acting under his personal supervision.
Tile withdrawal Of this great amount of wheat
and the rpCnpta the mark II Worrying
tho bankers somewhat, Ms thCy were looking to
the wheat trado for the employment OF their
surplus funds for the winter. Before kccne
made his appearance here they were getting 7
and 3 per cont. on funds advanced TO borrow
ors. The releasing Of some - 0OOOOO hereto
fore tied w In wheat will mako them more
anxious to loan their surplus money and the
Is thought that this decrease will be only tenn
porary. however ms corn, barley. and other
grains will soon come in and furnish employ
What viii Kccne 10 with his wheat?" is tho
hll-absorbing question just now, VIII he leave
1t hero or take II to New York? His action
will bc largely determined by the way he got
the money 70 nay fer u. II i WIS an accumu.
lated balan, 70. hewill be ikey 70 Leave the whea!
30 uni ad it he desires To-. or he may carry the
propotiy along III rprlns. ! on re other
probability pack the receipts In his little grip.
sax post a TO New York city with them. and
there hypothecatc them. Again it may bu that
Kccno has obtained the money ON stocks or
other securities. in which event the result rs
lar As chicago II concerned, may DO inc same
~ th"u.;h he were Operating W4th an accumu-
lis bslieyedth that Koonc. ortho New York Ring
which he rep stn's.wiIi neat pay special nltcn;
uou otlc MilNaulsr' market rs. If they intend
90 run uaeessiul wheat d"a'. it will he ncccss-
airy ior them to ,cntrJl thr .Woirimary mar Jets
-thica-" and Niiwaukcc. Milwaukee Is OF less
Imperial. 10 them than Chicago rs tho wheat
growing territory tributary TO II suffered severe
~ from drought t,i- last season. AMI tho stock
there il consequently low. tho amount OF No. 2
spring y Ia store ihelo huiI < only .2npoO,
the rcceirs tncTc and here have mater ially in
creased. Nilwaas.e receiving 1900 bushels
about bali cent lower than in this market
which Is q phenomenal circumstance.
1t IL pretty Etner ny, n,eded now mat
buy. In sollprotection. until tho shipping sea.
son opens. when he expects to unload Judi.
pocket the proceeds. The i,Gal trade is ddiis
satisfied with the advent - outside capital ii
This il n fr., country thcr, is no holm f,r il
They rHy es,eom Themselves fortunate II they
Wi1W trSrs. hec. a. jim KeGno'- whoa
d'a is a blessing IN Disguise 90 the members %
tho Milwaukee Chamber 81 Commcrcr. ~ I
days. The operations ~ Mr.. hcene and he
friends IN the Vow furN tpl thcus) markets
nre wat ehcd wh1 The kecnr.t interest. " Gov
william l"rit; ftI t;o I".ts REPORTER ihi'
noon: 90 uur b. ys az lRi." r'rat' OF this bil
are very umiI. ltuu, n"'riy nNo Thorn have
covered; IT, IN taN. q er' tro NJ short seller
now H. this U.Hrk 2
sold ~
" Not {, cNccsl hal. million bushels; nnS
thRt you know I+ np'NI1c.
Hr- tnn \cwl RI 4. ~ ru'rrD This market
" / can SAY a. FOB tAa.. bat Significantly yOi
had better -,a' Jl'. OllNii.
MIR. j. Is. oliver ~ cut ~ tho most genial mel
10 intorvlew u III" sWY"t mntter rcf"rs e. tn
next SPINNER m eos, r. 'on'ern- mo most re
cent Milwuuk q purchase 81 n fast horse. hu
Nj. Oliver 10 ciose-moGthcd about his whca
drrl-: y't Mr.. Oliver sail
W. arc taking all the wheat We can got a
present prices. Ot rOur-e.'
GOING 70 lock II W | suppose:'
"W-'r' holding Il; thiuk its good 20 have
this market largely oycrsq,df'
No. Nothing 70 speaS Of.
j. tha Now York Ring operating here at all 2
Don't know RIltling about it,
CHoA9o. Dee. Il. Euius Hatch arrived her
last evening from New RI and Is supposed I
be IN IN specUluiious i'm wheat. Ii Is sai
kech1 rs'ccc ycl an additional sSup.W0 hi
evening mnkiVs tho pile for invcs tment J.
Whea, t2Gluuuu