OCR Text |
Show Kvt-ue iiu liic H in nt Ion. r. New York, 21. Toe ruruur that Jim Keene ia manipulating a combination combi-nation for a buavy wheat speculation in Chicago, gains credence. The parties are said to base their operations opera-tions on the calculation tnat purchases for storage- at the present prices cau . be carriel until spring at eiicu cost that the wheal can then be sold v.iih i a profit at ninety cents in Chicago, or $1 0-1 here, which is twenty per cent, below tho average for the past ten years. The Public ihinke the speculation specu-lation as eafe as stock exchange dealing, but adds, "aud yot the fact remains that a vast quantity of wheat is still unsold, and tbe surplus for export ex-port appears to exceed any foreign demand lhat ia likely to ariso." Keene ad mils tbe grain speculation, but denies any attempt to make any corner. Th" wheat orner baa shown a very moderate inclination lo develop today to-day and tho prices have, on tbe whole, advanced hut a tnflo. There are raid tj hu strong bear interests here which may cause the New York operators tostll out, much abort of tne figure they havo fixed The slory telegraphed you yesterday from here is not bchtvtd in its entirety en-tirety by operators and speculators on 'Change. At o:io time f-day, wheat was qi'.ito weak pnd UvX a con-idiT ahlo urop. Tin; whole ndvancn during tbe week has only been 3:. Speculation Specula-tion ui,d traw :v li"ns to-dny are nil heavy, thrr.ig.i ihe uervutia -uid ex j cit'-tl i oud;lin:i of the market wou:d ordliKiniy bavo croiitd a heavy business. |