Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-12
'een prosecuted ON a rather

been prosecuted on a rather -,
The past week. All those + sAoo,ai soaie
supply of ice on har 'sases ',i''' nave
while tho. I'd have been in
,ave ,ranarod ~. - who have no ice
,s soon % the W. Aseaves to start up just
Gather changes to a colder
AIR Rr+. The production of lard is
.atbar : .ersHe manufacturers are taking |
.om, zee of the lard, but as spot lard |
- lands premium of 15@ 25c per 100 |
- >unas ever the November option, packers
re making it more freely than they other !
%fse would. The various descriptions of
meats are being produced moderately
free. At other points in the west there is
mot much doing as yet, mainly on account
of the unpropitious weather. The receipts
of live hogs during the past week
were 155,921 against 95,784 for
he week previous and $50 for the cor
responding week last year. The increase
in the receipts was not unexpected, but it
is claimed that it was larger owing to the
warmer weather and the fact that interior
packers could not take their proportion Of
the hogs, not having ice and facilities for
| curing in mild weather. The quali'.v of
the arrivals was quite good, especi9 Ily dur
ing the middle of the week, yet, tho aver
age condition is not as good s's during the
corresponding time last yea.
| The committee on arb ,;tration for the
September wheat deal engineered
by McGeoch, now accused of
himself being a kicker at Milwaukee,
continued the hea' ing of the evidence to-
day. ). b. KeeT ne testified that he believed
the market wss manipulated. as near as he
could make out, by McGeogh, Everingham
d Co Tb manipulation began about the
18th or 18th of September, and prices ad-
vaKed tos$1.07 by the Both. He saw brokers
cn the last day of the month bidding UP
the market, and himself sold three car
lots at S1.O61s The sales were made to Other
parties, but finally reached McGeogh
Everingham g. Co. During the month he
sold No. winter wheat to millers for 81
cents. J. B. Lyon gave some testimonJ
:. which createda sensation. His statement was
3 that the market was manipulated by Nc
a Geoch as based upon the following state
Q ment made by McGeoch to him: Mr.. Nc
Q Geoch told me he had a deal in the wheat
e Along pretty near the last day of the
= month, he told me that he had tried to make
d the boy ) buy in at 81 bushel, and they
Il would not, and he could make it $1.3O, bu
: he would make it about $1.1O. Whe1
asked how he knew how the market wa
y manipulated, he said: 81 know it., or MI
y McGeoch told me lie, one way or the 9th
er." The conversation in which Mr.. Nc
Geech's statement was made occurred
on the sidewalk on Washington
5 street directly in front of the witness
L Office, and was made two or three days be
Is fore the close of the month. While on tn,
l. stand the witness directly charged MI
Z, Crittenden with bidding up the market TO
q manipulation purposes, and also said tina
10 Tom Burns and one of the Seymours wa
o engaged in the same business. The wit
/ ness was sharply cross-examined by MI
l. Crittenden as to whether the parties bid
+ ding up the market were interested TO
l. McGeoch, Everingham & Co., and faile,
n to furnish the requisite information.
NJ. B. Reeme testified that he though
e there was squeeze il, September wheat
J lie was short some wheat which he hal
= bought at 99c. His idea that there wa
manipulation was based upon the fact tina
y September cash wheat was much above tn
e option of October, and, after the close o
Is September it dropped Immediately. Whea
{ in this market was entirely too high to b
g shipped to other markets. Mr.. Crittendel
y objected to any testimony as to the valu
= OF wheat in other markets, and his oDjec
- ton was sustained. On cross-axaminatiol
. the witness stated that he supposed tn
market was cornered, because Septembe
. wheat was so much higher than Octobe
> wheat. Still he could not swear that Their,
. was a. corner, because he didn't know tn
= facts in the case.