, 1879-03-09

I ALu p4OO4-ICdNEE NE HIhu u O4i IEGuCE
that the decline Of Friday would liave allowed
profit Of nearly two hundred and forty dollar
on ea1h S5 invested in puts, if the deal had bce1
closed ut the bottom price OF the season. w
tried to say this in Saturdays issue, but th'
printer was too merciful to let the whole trutl
out at once
The reoudation of these privileges was ro
quite so extensive as reported Saturday. 0nt
| house declined to settle, and another offered II
leave the thing to arbitration, claiming that thu
sale had been made by clerk on his own re-
! sponsbility. 1t should be remembered thai
these transactions were p" off 'ChaDge." not be
ing recognized by the Board Of Trade.
The wheat deal was on Saturday as much o1
a mystery as ever. The party who did the bull,
Of the selling Friday was as close as an oyster,
and no one else could do anything more than
| indulge in sur1nises. The belief that the wheat
was sold in obedience to bogus telegram was
widely believed, and the result was to cause q
further advance in the market here, as 1t was
| supposed that Kecne had either bought his
wheat back or would have to repurchase it.
| There were, however, few who thought it
| probably that the whole thing had been cut and
| dried beforehand, and that all the open tcfe-
graphing and the reputation Of the same BY the
parties concerned was but part Of the plan which
had been got up for the purpose Of befogGing
the commercial public. Several individuals Of
fered to wager large amounts on the statement
that no such teicgratns had been sent by anv
one Some Of the more thinking ones rather
! considered than entertained the theory that
Fisher had been selling for other parties who
wished to bear the market, and chose him be-
cause thcy expeetea tnaI tle PUBIC "ouad lump
to the conclusion that he was selling the heene
Wheat when nc was really DONG nothing OIL inc
Kind. The manner IN which FISHER elected hls
sales was regarded as proof that ne hao re-
celved orders to push thing" downward
9uca course "ouid involve severe loss II
that were the whole OF the plan. But 1t is not
impossible that the same master hand gaFe IN
stFuctlons to other orokcrs TO buy IN all
the wheat that was offered; in which case there
would be little loss in the transaction beyond
brokerage ices, ana 1e" stray hVes that would
be caught on the LIT from among parties outside
nent hrms bought very largely mere during
Friday and Saturday and bought so freely as to
give color to the bel'ct that they knelo what they
we're doing, and not simply taking the chances.
Some OF these purchases were made to I'LL
orders that hao previously been limited below
the market; but there Is room 1or the supposi-
tion that goou deal o1 the wheat was bought
Tor the man or men On whose account the same
was bemg SOLD.
There vas revival OF confidence Saturday,
and the market was steady to an extent that is
surprising in view OF the uncertainty attending
it, Wheat advanced &c and closed 116@2c
higher than on Friday evening, the range OF the
fr1u r1-of hnTi irffh hop r1oHf IN
In the afternoon it was reported that Wall
street is entirely out Of the wheat DEAL and that
prominent firms here and in New York we're
buying to prepare for the "continental de-
mand,' which they see will De more vigorous
this spring than ever before A counter rumor
was also started to the effect that keenc's
broker nat quietly bought uo through others
large part Of the wheat nc sold out during
trlday.
Other grain was steady, nonr in 1air demand,
and provisions Irregular, averaging higher but
closing easier me DAY was warm and spring.
like, iact which was favorable to lower prices
On breadstu11s.
There was nothing specially now to be said Of
the market 1or staple and fancy dry goods.
Trade continues eoou, and shows steady i'm
proVement' While prices are working drmer. No
prlcc-changes were developed in tile grocery |
Market Ihere was liberal general demand,
:ano' excepting Rio co1tecs' the different lines
were 1alrly urn. Dried fruits met with good |
'pqulrI' anu we're generally hrn. The coffee |
MARKET remains unsettled WITH the tendency
s'1cntiy IN buyers 1a'or. Inc nsu trade "as
rather less active. Prices were firm and un- |
ckonuen R1At+cr met with fair 1ocal and shin
49,. ~. - N eAtp
pl1i:- ueAalid, auu so'o III pfe'lous qooLaLions.
Cheese remained firm. There was better call |
far ,;1 ro;.,tc and o,1or. and ,,r;,o, <,a,,a.o1t
'o1 oAs' pa'n.'' a'o eo'ot ~ ''o P4'.ee sene1any
were tlrn. Leather remains tlrm. Tobacco was
1ufHt and unsettled. CQ1i was Quoted Quiet and /
'teaos-
Lumber was fairly active at recent prices. /