New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-03-10
THE CHIC1GO WHEAT SALE.

RUMORS ABOUT Mr.. KEENE'S OtDFR
REPORTS or THE STOCK And PRODUCE PXCHANGgs
THAT THE ORDER WAS NOT FoRGED-THe Man.
KKT HERE NOT AFFECTED by THE LARGE SALT
The sensation created on the Chicago whcot
market Friday, by the sale Of portion Of the five
million bushels OF wheat held by James 4 Keenc the
California Spectator had little ena.t on the market
here saturday The order 10 j.. X. Fisher & Co. thu
Chicago brokers OF Mr.. Keene, which was sent IN
Thursday night and has been declared by Mr. Keeuo "a
be n forgery 10 " sell whatever wheat March or
Aprn market will take without declining moro than
cents" by this order 2,7OOOOO bushels -
wheat belonging SIR. Koene sold. lie was al.
yised by dispatches whenever n lot was sold Claim.
ing 10 DE a,tonihed with these advices ana finding
the market falling he asked ms brokers fora cxpana-
ton, aud when told 1t being sold on his might
order" he tecgraphed his brokers stop tae sale and
| make The amount good again, the order was .
forgery sud had probably been sent py some person VINO
was "short" on grain and VINO hoped to break the
| market.
II discovered Saturday that the h3y operator
at Fulton Ferry hat transmitted tlo message. bat he
could give description ~ The sender That would lead
to his Identification Il was rumored that NJ. Kcene
had offered $4,000 reward for tie iorgc-. but th,
could noi bo confirmed IN Kccne declined 10 See
TEBCNE reporter saying that De had given the A.-o-
cgtod Press al the Information thar was uc.s-sarg
Nj. BpcOck who acted as messenger for nr koenc.
whom told that ruLor was broadcast tha Mr. K.oae
was the roa author Of t. Dispatch replied taat Mr.
Kecno was not coltfldictiug any Wnor
The iGci tuat The order WIS % forgery War rncuad on
the Produce Exchange on saturday. one member sad
that Fisher q Go. wer. not so Ignorant as TO act CD
"n.s h" order the sale Of 80 large amount "
Wheat belonging 90 customer, uucs, by Some previous
arrangement 10 was not usual 90 order TO sell until
the cable quotations had been received II was STAGED
that the known brokers Mr. Ke,uc tnis city have
4 ...f
COT lie OF weeks past in Lrg" quantities. and 10 was be
licy,,' that MT Kccne slowly "unoAding.' some q
thu ping wheat "a. graded 40. 81, "i'r most o.
10 er, - NO. ." Mr. K.eu,'- brokers hay. -9l dun.
ing l., past four days 100000 bushels OK Red Winter"
whca pr export, and 10 wt- believed thal Dill h-cne
was an or- TO get rid OF most an of bis Wheat at
prese.t prices and that ms transaction Woud yIed
nina y T cent over and above the interest on be
money, surauce stOrage handling ana brokers fees,
and this considered "A most Prottab e. Investment
The huI IN wheat created A,ilc DIS lsslYA .ld 30
excellence On Saturday in stock Exchange al cira hr.
Kcrnes a. and brokers i.,i-t.d that forgery Lal
been tied, ana that Sir. kucnc Wa. d. no vay
wheat Or Of ns trl.tei brokers said that ST. Keen9
bad cOudut ed All b NEGOTIATIONS with >. h. Fisher
sell wheat, such a wt sent from 'h city on Inuisday
night, should nave 'ede ll1 lir'o 3rotef- -u,lr''s
OF It's genliner-ss II NJ Is. enc l-d ni aided to seq
his wheat he ;urther added lc ceriaiIy wg9d pot
way piaGe As me V.,Oh teil -. .,,. ,.,,..l g..
stock Exchange brokers very generally douOted me
forgery story. II was slated on SATURDAY that gen
ueuan called ON Mr. Keehe on sday afternoon Win
a Chicago dispatch stating that wheat hal declined i've
cents a bushtl ana that kyrne was scilu& CAt. hr.
kernc responded that he had received several uls-
pacue. that afternoon showing mat @ heavy decline
mad set In. Al that ume IL is alleged that Ar. he,ue
nothing about the forged dispatch nor ana he deny
hat selling his wheat a. reported "a B"c"'k.
broker who present. said that there hdl been
decline OF only three cents busAei. according 10 LIS
dispatches. few nouns aferwaId, II Is ,t't'd, NJ
k.eue dicr atad the interview concerning the forged dis
pa,ch which Appeared IN the nornIas papers q" Sdtar
day. and that The ain facts OF the alleged conspiracy
we're furnished TO the press uy one of his broser-
N44.-st operators also pointed tact that the
statements OF the forgery sLUUi ne lGraBC1 ~ thrd<O
and Now-YoIk at the same time 4 suspicious crcum
Mt keenos brokers denied that any reward had yet
been offered here for the detection II the author O the
forged dispatch. Ju t stated taat Rufus Hatch had
tcOgr4pIrd Chicago that $4,000 would De PAID Dy
MI Kccuc for The detection Of ,he fOrgtr.