The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1858-12-14
Foreign News.
Arrival Of City CT Washington.
LATER FROM EUROPE.

NEW YoRx, Dec. Q.
The steamship City of Washington, which
arrived at st. Johns, brings dates from Liv- |
erpool to the Gath I'll
There was no news Of tho missing steam
ship Indian Empire. Insurance was being |
effected on her Ut Is per cent.
The steamship Ariel was unable to reach |
Bremen, owing to ice, and returned to South
ampton.
GREAT BRIrAIs.--Thc London Morning |
Post, anti Ministerial, announces tho recall
Of Lord Napier, and the promotion Of MIR.
Lyons from Florence to Washington. II
says that the assigned cause Of the recall 10
Lord Napicr's tendency In favor OF the Mon
roe doctrine. The Globe, anti Ministerial,
confirms the report, but says that Lord Ma
pier will have European Mission, tho Gov
ernmen. merely making the change in the
regular course Of diplomatic promotion,
being perfectly satisfied with Lord Napier's
course.
FRAScs.-Tbo trial of Montalembert was
commenced Mt Paris on the Gath.
The press had been specially forbidden to
take notes. The press 10 forbidden to dis
cuss religious topics.
4 The Sandman Government follow the ex-
ample OF France in storing corn.
Diplomatic relations were expected to be
/
American agents were said to be persuading
Denmark to sell ST. Thomas and ST. Johns
Islands TO the United States.
/
A Grain Spectator Tells HIS Expe-
| rience.
Prom the Chicago Journal.
4 Generally speaking, wheat is very good
grain. 1t shows well in the field and In sta
tistical reports it looks well in stacks and in
the granaries; and when well ground, me-
thodically kneadel, iudiciously baked, and
properly Drowned and huttered into toast,
there is no ono who will speak more respect.
fully, not to say enthusiastically, of the veg.
. etabe than will. For am, in tho main, @
man too we'll bread 10 do otherwise. But, u
an article Of commerce, a medium for specu
lasion, am emphatically down on the Who'll,
institution-bosh "Winter" and aspiring =
Q the one has proved slhe winter Of my discon
tent" while the other has "sprung" tra,
!, on me like that projected over unwary bird
u which nibble at the same bait. These re
marks may seem severe, but they drop q
naturally from me ns tho kernels would from
head OF wheat that has been we'll threshed
n As everybody knows, | am "the son 0
). poor, but respectable parents" started il
i life with this talismanic maxim for none
d making: Buy when every one IL selling; eel
10 when every one IL buying. Well, some fe,
! weeks since, wheat, which had been yer
% buoyant, suddenly fell. Every one was sell
10 ing. had a little money, and con6dlng i
T. my golden rule, s'pitchcd in" and bought 4
II eighty-fve. Very soon tho staple commodi
ty dropped to sixty eight. Now, thought
is 10 the time to get ssmargin - 90 mortgs
N ging the FIRST lot, / bought more. And II
venture to say that my old mother neve
| raI L. Co.. -.
did my wheat. But stil it dropped. Thi
n fault, they said, was in the East (excuse th
q pun If the pun 10 obvious) until, - it eti
I'd kept dropping, thought it my duty to 20 I
In Chicago, and put stop to it. The FIR,
10 greeting that met me as l stepped into tn
IL fremont was a telegram on the bulletin boar
-"Wheat is fat" Wheat was probably q.
o. enough, bnt this announcement struck me
z, being rather u sharp truth. AT ia o'cloc
% went down on "oChange." Ii is perhav
he needless to say that found things materia
is ly changed since had bought. ssBuyers
mt we're Offering ffty-fve everybody appears
De to be buying; therefore, following out N
aphorism, | sold. The result may be sun
~ med up thus:
as Two months since had money and I
10 wheat subsequently, had wheat and no m,
Do ney. Now, by the mass, have neither. II
second lot was poor lot--as poor in fact
90 the second edition Of pharaoh's kline, sin,
il swallowed the first. But bought to NAL
al bargain, and made it.
as think that most operators will concur wi
me in the following conclusion:
de That to buy At "eighty fve," and sell
''ffty-fve," will not pay, unless . man do
IL very large business. That wheat, when
'r, begins to fall, is . long while in reAching 4
'r- bottom. That, when 1t once begins to hes
1t very soon becomes too hot TO hold. Tbs
ire after all, the surest way to make money
by wheat ia to plant it III good soil. And. lsstl
90 = man going into the wheat market, with ev
very small capital, If he is industrious, .
perseveres, may very soon succeed 10 owl
- more than it 10 probable he will ever be wor,
- SANDY.