Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-11-13

been prosecuted on rather liberal scale
the past week. All those houses that have
a supply of ice on hand have been in
operation, while those who have no ice
have prepared themselves to start up just
as soon as the weather changes to colder
temperature. The production of lard is
fair. Butterine manufacturers are taking
rather free of the lard, but as spot lard
commands premium of 15@ 25c per 100
pounds over the November option, packers
are making it more freely than they other
wise would. The various descriptions of
meats are being produced moderately
free. At other points in the west there is
not much doinga as yet, mainly on account
of the unpropitious weather. The receipts
of live hogs during the past week
were 155,921 against 1874 for
he week previous and ,78O 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 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 adj
vanced toi$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. 2 winter wheat to millers for SO
cents. j. B. Lyon gave some testimony
which created 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
manipulated. he said: 81 know it, or Mr..
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 MIR.
Crittenden as to whether the parties bid
ding up the market were interested for
McGeoch, Everingham & Co., and failed
to furnish the requisite information.
NJ. B. Reeme testified that he thought
there was a 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 obiec-
ton wcs sustained. On cross-eXarnination
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 a corner, because he didn't know the
facts in the case.