Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-05-05

various directions Outbreaks of tho disease
are reported from Delhi, Wrumilsar,
Rawulpendee and elsewhere. Some
cases occurred among the European
troops. It is asserted that $4,000 persons who
went to the fair from Cummation quarter are
missing. This mortality has been caused by
the police forcing them to travel desert tracks.
1t is probable the story is much exaggerated.
GoBBLING THE GRAIN.
The Stock of No. 2 Wheat IN Store IN Mil-
,vaaskee Found to Belong to Ttv0 or Three
Ftrns-Spec,slation as to the Drift of the
Deal.
Milwaukee Special to Chicago Times.
The wheat market was steady and firm to-
day. The principal feature here is the enor-
NOUS quantity of May wheat that Angus
Smith and William Young & Go. are getting
hold Of The estimates to-day place the
amount that Angus Smith has bought within
the past three days at no less than million
and half bushels, and Young & Co. are
believed to hold a very large quantity. They
have been buying May wheat mostly. OPP
and the Youngs are working with Keene,
pretty certain that the same parties are buy
ing June largely, although their whole at
tention seems, on the surface, to be given to
the May deal. Receipts are large to-day and
aggregated SO, 44O bushels. Shipments were
also large, amounting to 1884 bushels
Stock in store, 2,426, 900 bushels. The Angus
Smith and William Young & Co. purchases
are the sensation of the market, and operat-
ors generally don't seem to know what to
make of them, in the face OF the large
quantity in store and the absence of shipping
orders.
Many operators unhesitatingly assert the
opinion that Smith, the Youngs, and Baker
g. Co., of Chicago, have got the market
Angus Smiths amount is at least million
and a half. The Youngs have covered their
operations so carefully that it is impossible
to get at the amount they hold. Mr.. Alec
Med. Young was interviewed at the after
noon board by the Times reporter, with the
following result:
ssThey say, Mr.. Young, that your firm,
Angus Smith and Baker & Co., of Chicago,
have got the deal in your own hands; how is
it?''
"What do they place Angus Smith at?''
queried Mr.. Young.
cat q million and half, mostly May"
well, well!'
Chow much have you got?"
"Don't know
II shall report it at least at half millionv'
''Can't say how much we have got, but am
willing to acknowledge that it will be locked
up to keep, this afternoon"
The general theory is that the movement
here (by the way, predicted in the Times
several weeks ago and even the names OF
the principal operators given) is part Of
/ the New York rings management, and thai
they have at last got the market virtually un
der their control. The belief here is thai
Baker g. Co., of Chicago, are the heaviest
operators in the present deal in that city
The deal is May deal with power to carry Il
into June if desirable. Bets were made thil
afternoon that the entire receipts of No.
at this market on the old crops to come il
would not aggregate 100000 bushels. Tht
receipts here are almost entirely of the low
or grades
After the deliveries were all made it was 1
comparatively easy matter to trace them
and it soon became an assured fact that al
the No. had gave into the hands O.
William Young & Co. and Angus Smith
Mr. Alec Med. Young was met by the TIME
reporter subsequent to the first interview
and was accosted:
"Wel, Mr.. Young, suppose you can nov
inform me of the exact amount of No. il
your possession, and can probably state tn
amount in the hands of Angus Smith
MIR. Young replied: 81 guess that togethe
we have got about all there is here. We viii
go and see how much No. there is in store
Mr.. Young and the reporter then went ant
examined the reports and made out tina
| there was about 100000 bushels of No.
in store, and Mr.. Young remarked again
"We have got about all there is of it, re
ferring to the amount held by MI. Smith an
his own house.
Peter McGoech locked up nearly hal
million bushels several weeks ago, and it
pretty positive that he holds all of it yet; s
that the No. 2 wheat here may be authorits
lively stated to be all in the hands of th
three firms named. There is great divers
ty of opinion among operators, as is alwaJ
the case, as to what the present deal wi
amount to. Some insist that the market
practically cornered already, while others il
sist that it is not and cannot be, and eve
claim that present prices cannot be mai1
| tanned, and that the longer Smith and tt
Youngs hold their wheat the more they wi
lose. The holders, of course, say that the
have taken the wheat because they believe
! it was "a good purchase and one merely lool
ing for legitimate advance. That is prol
, ably the true theory, with reservation as
, squeeze if a favorable opportunity offers
: Mr.. William Young has only recently return
ed from New York, but he asserts that
was not in consultation with the bull rir
there. However, the general opinion here
that this deal is merely part of the Keen
Hatch and Hoyt combination. Mr.. Young
. last words to the reporter were: CO.,
a wheat is locked up to stay" The only q
gument against regular corner is the ia
!. that there are but few short sellers here, t
line of shorts amounting to nothin
Neither is there as yet ony disposition
sell short on June, SO that, technically, t
present deal is not a corner but is an effe
= to manipulate higher prices. The afterno
d board closed quiet, as few cared to opera
f in June.
Vanderbilt at Cincinnati.
CINCINNATI, May 4.-W. h. Vanderbilt q
party, from st. Louis via Indianapolis, reacl
this city at 8 20 tonight. The run from Indi
40 apolis to Cincinnati, over the lndianapo
"a Cincinnati g. Lafayette railway, lis miles, Y
= made in 2 hours AZ minutes. The party are
he the Grand hotel tonight.
Y.
la Further Restrictions Against Ameri,
Cattle by Canada.
OTTAWA, May 4.-By order in council the
-