Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-12

oeen prosecuted on rather IL oera, scala
The past week. All those hou ,.s .ho+ h.ro
supply of ice on hand hove hsen IN
operation, while those .ho havo No loo
nave prepared themsel ,oS - 80. -, ;nst
= 49,. 90 'no ~ Nc 81 changes to colder
en- 70, n 60 :" production of lard is
manufacturers are taking
"'nei iieo ~ the lard, but as spot lard
Apremium of 15@ 25c per 100
'oonos O yer the November option, packers
'le ina ting it more freely than they other
WISE could. The various descriptions of
nee Is are being produced moderately
n e. At other points in the west there is
lot much doing as yet, mainly on account
of the unpropitious weather. The receipts
of live hogs during the past week
were 155,921 against 95,7s4 for
he week previous and 164, $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 quality of
the arrivals was quite good, especially dur
ing the middle of the week, yet the aver
age condition is not as good as during the
corresponding time last year.
The committee on arbitration for the
September wheat deal engineered
by McGeoch, now accused of
himself being a kicker at Milwaukee,
continued the hearing of the evidence to-
day. j. B Reeme testified that he believed
the market was manipulated. as near as he
could make out, by McGeogh, Everingham
& Co. The manipulation began about the
18th or 10Th of September, and prices ad-
vanced to!$1.O7 by the 3Oth. He saw brokers
on the last day of the month bidding up
the market, and himself sold three car
lots at $1.O61 The sales were made to other
parties, but finally reached McGeogh,
Everingham & Co. During the month he
sold No. winter wheat to millers for 90
cents. j. B. Lyon gave some testimony
which created q sensation. His statement was
that the market was manipulated by Nc
Geoch as based upon the following state
ment made by McGeoch to him: Mr.. Nc
Geoch told me he had deal in the wheat.
Along pretty near the last day of the
month, he told me that he had tried to make
the boys buy in at 81 bushel, and they
would not, and he could make it $1.3O, but
he would make it about $1.1O. When
asked how he knew how the market was
fnl 1a
McGeoch told me lie, one way or the 9TH
er." The conversation in which Mr.. Nc
Goech's statement was made occurred
on the sidewalk on Washington
street directly in front of the witness
Office, and was made two or three days be-
fore the close of the month. While on the
stand the witness directly charged Mr..
Crittenden with bidding up the market for
manipulation purposes, and also said that
Tom Burns and one of the Seymours was
| engaged in the same business. The wit
ness was sharply cross-examined by Mr..
Crittenden as to whether the parties bid
| ding up the market were interested for
McGeoch, Everingham & Co., and failed
to furnish the requisite information.
M. B. Reeme testified that he thought
there was squeeze in September wheat.
He was short some wheat which he had
bought at 99c. His idea that there was
manipulation was based upon the fact that
September cash wheat was much above the
option of October, and, after the close of
September it dropped Immediately. Wheat
IN this market was entirely too high to be
shipped to other markets.. Mr.. Crittenden
objected to any testimony as to the value
Of wheat in other markets, and his objec-
ton was sustained. On cross-examination
the witness stated that he supposed the
market was cornered, because September
wheat was so much higher than October
wheat. Still he could not swear that there
was 4 corner, because he didn't know the
facts in the case.