The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1864-07-23
CAicaeo Markets.


En-. HAwk.EYE:-The leading markets since
this day week have ruled steady, with N alb
sence OF the market fluctuations Of the week
previous, and great deal OF the Wild spirit
Of speculation that has prevailed for some time,
and the business Is now moro confined to those
that Arc, legiftmately engaged in It. During
the latter part Of June and early part or the pre-
sent month. everybody that had . few spare
dollars seemed DESTROYS Of getting into some
speculation" Farmers and traders in the
country, getting tired o. going along in the old
fashioned way, cams or sent In their orders here
to their commission man to buy them some
thing" Corn, Oats Wheat, Whisky, anything
that promissdto advance largely In : few days
Ministers. lawyers, doctors and politicians lefe
on their legitimate calling ana turned their
anxious eyes to the Corn Exel,ange-retired
merchants and men Of wealth, the fancy mon.
whose business mainly = 'bucking the Tiger,
abandoned THAR disreputAble practices and con-
cluded to engage in the more honorable bust
ness Of "Bulling and Bearing" Hishwines.-
The rooms Of the BOARD OF Trade wsre crowd.
ed almost 70 suflocation. day altar day, with N
excited throng- .m ssae ar 4
The saint and the simmer, with cursing and
The drunk and the sober went in merrily there.
The prie.t with bis gown dung back on the
Just scanning the demagogue statesman behind
THE lawyer and doctor 70 their "briefs and
they r saSa e Ssl k;: going up .
The banker. no longer figured disooonss and
On sf 81 sss rich !. day they al, seemed n-
Oo0s -.
The result was = might have been expect
ed. prices advanced beyond shipping mar.
GIN. Gold declined in New York. Bankers that
had advanced largely on property In stoFe,
began 70 80 their margins fAde away, and they
notified owners that they must cell out or put
up more property, - they could not carry them
any longer" For the state Of things - they
have existed hero for several weeks the bankers
arc IN great measure responsible. When
Wheat II r. . banker viii advance $500, pro.
vided the holder win keep his margin good, 1. ..
II the pries falls belovt2 he must put up more
property. This arrangement works very nicely
for men OF small means, while everything -
advancing, and IN enterprising young man
with thousand or two dollars can soon be-
come one Of the biggest 'Bulls" on Change,
but when prices begin to Decline it goes little
hard with them.
heard Of . case the other day that illustrates
the unfortunate side Of the picture. In one oil
the towns on the North Western Railroad.
where the .chinch bug has destroyed the
wheat crop. there resides minister, who oou-
pie Of weeks since had 5000. He concluded q
thewheat crop had failed there, Il must be %
AL over the country, and wheat would surely
60 up. he sent In his $4,000 with anofder 70 his
commission man to buy him 1000 bushels OIL
wheat The order was received on Wednesday
OF last week. when wheat was selling q 12x.
Or course it took $4,000 70 buy 1000 bush. ~.
900 was easily raised on the 9. 900 margin. On
Thursday IL began to 20 dswn. Banker that
had advanced the money got alarmed, told the
commission man that he must have more mar.
gin or he would sell tho wheat. On Friday IL
was worse. They telegraphed the owner for |
more money for margin. He answered be |
had none. and 90 the wheat Wa sold Friday
afternoon at 500, Tho sale amounted 20 90.
200. The broker took out u cent Per bush, COM
mission. which LEFT the nett proceeds "a, l5o. |
from this the Accommodating Banker took
his $4,000. leaving for the Reverend rural spec
ulator on Saturday 4l50 a. return for his S2ooo
that he sent to the city on Tuesday before to |
invest in ssome safe speculation"
No. 2 6pring Wheat opened dull to-day y |
S2l4. declined to 12O6. and closed ct 42lo0s2u IL.
But little No. sprins,Onered, and nominal At
2 Tor cents above price for No. 4 Now Winter
y beginning to como forward from Southern /
Illinois, There y but very little demand for Il |
above the prices now current for Spring,
Corn active ct 81 80 for No. and d - for No.
l. Oats exceedingly dull at 73c for No. 2 and 76c
for No. /. High Wines more active. and closed |
brisk It el.5o.
Ixvs 9rocx.-The demand for CaselA ana
Hog = better than twas . week ago Tie
Yards wefs cleared early to-siay at eASe 70 !