Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-03-10

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also an open dispatch. and the fact made Mr..
Keene wonder what was in the wind. He
concluded that the dispatches were due to
one of two causes. Either the Fishers want
ed to give him warning that they were sell
ling heavily, and SO open to him the chance
OF breaking the market with them, or else
| some party had bribed Fishers clerk to send
these dispatches opened to spread abroad
here the news of the sales and influence the
speculation here. Beyond this, he could not
explain or understand the meaning of the
dispatches.
STILL THEY KEPT COMING IN,
and, feeling now that something was wrong,
Mr.. Keene telegraphed to Mr.. Fisher to
know what he meant by his dispatches, and
what he was doing. ssThere was not more
astonished man in Wall street, said the
gentleman, ethan was Mr.. Keene when he
got reply from Mr.. Fisher, or the repre-
sentative of the house, that they were sell
ing according to Mr.. Keene's order of that
morning. Here was Mr.. Keene, in peculiar
position. kilograms had come in announc-
ing the sale of over 100000 bushels of
wheat, and now he was informed that the
market had been flooded and the prices
knocked from $500 to Ole at his order.
NOT HAVING GIVEN ANY ORDER WHATEVER
in relation to wheat, Mr.. Keene instantly
telegraphed Mr.. Fisher to that effect, and
awaited further information. The reply was
that an order had come from Mr.. Keene that
morning, and that he could verify the fact at
the Western Union Office. Stopping any
further sales, Mr.. Keene set an investigation
on foot. He found that the open dispatches
regarding the sales were genuine Then
came the important discovery that forgery
had been practiced.
NIGHT MESSAGE
was filed late last night addressed to j. K.
Fisher & Co. The message was, in effect,
an order to Fisher to sell all the wheat he
could that day, the day of delivery, without
breaking the market more than cents. It
was signed simply sKeene.' The writing
could not be identified, and the person who
handed IN the dispatch was unknown to the
receiver. On this dispatch as authority,
Mr.. Fisher had gone on and sold
THE VAST QUANTITIES OF WHEAT,
announcing the sales in big Jumps to Mr..
heene, who had no means to explain them
until he. saw the whole thing in the light
thrown upon it by the forged orders That
ls the story of the movement as given from
the inside. The same informant spoke fur
Their as to the hasty action of Fisher and
company, and in this he was Joined by num-
Der of prominent Wall street men, who hold
that the sale under such circumstances was
not ct all. in accordance with the usual style
,ot doing business. One broker said that, in
all transactions Of moment,
KEY WAS USED.
1t he wanted to order purchase or sale of
10000 or 10000 bushels, he would send an
open message to that effect but if the
transaction was larger, if he were ordering
the sale of 100000 or 100000 bushels, he
would use cipher, and, in sending the
news of the sale to him, his broker would
also use cipher, and not throw the transac.
ton on the street, as had been done by
Fisher & Co.
TT SHOULD HAVE BEEN A SUSPICIOUS CIRUUM-
STANCE,
moreover, that SO Important an order should
esent by night message, when Mr.. Keene
had no means of knowing what the cable
quotations of the next day might be- The
wording of the dispatch, and the want of full
signature, were also suspicious, and in SO
merest prudence to have telegraphed MIR.
Keene for verifcation of the order.
THAT IS THE VIEW TAKEN HERE.
1t is held that Fisher & Go. must be the
losers. The great question is as to who sue
ceeded in imposing upon them. My in
formant suggested that the movement was
probably started by spectators who were
''short" on wheat, and who took this means
to cover themselves. Hence it might be
something in the way of a clew to find out
who had been the heavy sellers during the
last two or three days, and who were the
heavy buyers to-day. It was incumbent on
the Chicago board of trade to make full
investigation. It was also incumbent on the
Atlantic & Pacific Telegraph company to do
all In it's power to discover who sent the
forged dispatch. It is said on good authori-
ty that
MIR. KEENE has OFFERED $4,000
for the discovery of the sender. Mr.. b.
cock, Mr.. Keene's stock broker, has publicly
offered to give $4,000 for the same discov-
cry. Regarding Mr.. Keene's intentions as
to the large quantity of wheat in his posses
sion, the gentleman first alluded to said that
Mr.. Keene had never meant, and does not
mean, to do anything with the wheat until
navigation opens. Fisher & Co. had nothing
to do with this wheat, nor had anybody else
save Mr.. Keene himself.
THE EXTENT OF MR.. KEENE's CONNECTION WITH
FISHER & 90.
was that when in Chicago he made his head
quarters at their Office, and they were con-
sidered his brokers in Chicago. Mr.. Keene
could we'll afford to hold his wheat. By the
rise already since he. bought he could realize
handsome sum. But he had made up his
mind to see what he could do in legitimate
speculation, and he was not q man to give up
what he undertook. He might lose, but
he could neither be backed down nor fright
ened out, and no movement in Chicago could
scare him into selling
Mrs. Gen. Sherman and Archbishop Pur-
cells Troubles.
Especial Telegram to the Globe.1
RATTTMORH March Q-Mru Gon Chn.roo,,