The Cadiz Democratic sentinel. [volume] (Cadiz, Ohio) 1854-1864, 1858-12-08

TERMS. .S2,Ou..
fFrom The Chicago JonrnaIl

A Grain Spectators Experienced.
Generally speaking wheat is a very good grain
1t shows well in the field and ID statistical re-
ports; 1t looks we'll in stacks and in the graner-
les; and when we'll ground methodically kheed-
ed, iudiciously baked, and properly Drowned
and bnttered into toast, there is no one who will
speak more respectfully MOTTO say enthIsiseti
eallyi ofthe vegetable thansI will. For L am,
in the man a man too well bred to do other.
wise. But taS an article of commerce. nedi-
uH Of speculation am emplatieally down aoh
the whole institution both "Ssine and tSpri ing''
the one has proventhe swinter o. my disaohteaSd
while the other has sprung trap over sIns
like that protected over -unwary birds which
.nibble at the same bait. These remarks may
seem severe, but they drop as naturally fromIns
us Kernels from head ofNheat that has been
well threshed ,7ar.r .ssG- i.c8 Hf
Everybody knows am ''the son of roer but
respectable parents."' / started in life with
this taiSmanic maxim for money niakJRg:sbn
when every One Is selling, sell when every fohS
Is buying. Well, some few weeks sihce, wheat,
which had been very bouy ant suddenly fell. M
cry one was selling; I~had a-little monney, snd
confffng ia my golden rule. F'pitched iH;as and
bought at eighty fye." Very soon the staple
commodity dropped to sixty eight. Now,
thouht !. is he time to get a, "murgin;'' so
mortgaging the first lot, bought more. And
I'll venture my old mother never prayed so de-
vontiy for Eer bread to rise; as Did my wheat:
But still it dropped! The fault, they said, was
in the East, excuse the pun, if the pun. IS OBJ
viouS) until as it still kept dropping, | thodght
it my duty 10 go into Chicago and put stop 10
it The first greeting that met me as stepped
into the fremont was a telegram on the bulletih
board--"wHEAT Is FLAT" Wheat was prnb1-
bly, fiat enough, bat this announcement struck me
as beng rather sharp truth. At half past elev-
en- went down on the "Changc.I 1t is per.
haps needless to say that found things mato.
rally changed Since bought. Buyers wera Of.
iering "fifty-fye;" every body appeared to be
buying; therefore following out my aphorisIn,. !
sold. The result may be Sumed up thus:
Two months since | had money and nj
wheat Subsequently had wheat aud no
money. Now, by the mass, have neithegLz
The second lot was a poor lot, as poor, in, fact,
az tie second edition of Pbaraohs kline, since It
swallowed the first. But bought to make
margin, and / made i'll ~.
think that most operators will concur with
me in the following conclusion: r-
That to buy at eighty fye' and sell at city
five' will not pay unless man does very
large business. The wheat when it begins 10
fall, is a long while in reaching the bottom
That when it once begins % heat, it soon, be-
comes too hot to told. That, after all, the SD
rest way to make money in wheat is to plant i
in good soil. And lastly, that man going IN
to the wheat market, with even a very small
capital, if he is industrious aud perseyeres, may
soon succeed in owing moro than it is probablS
he will ever be worth. -t- @