The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1867-06-06
Cur Chicago Letter.

CHICAGO, June ..
EDITORs TELEGRAPH:
A few days since just at the time when No.
corn got up to 81. 10 per bushel, the highest
notch it has ever for many years at least, at
tanned in this market, poor, speculative sim
Inerfrom Indiana arrived here with a heroic
purpose of 'bucking against the Board of
Trade Tiger" Trades the particular day of
This arrival was quite brisk and corn especially
was fairly jumping" up to the high figures
lquoted The gentleman from Indiana felt i'm
lpelled to speculate in corn. He assumed the
| falIaciOus theory that as it had gone so high
| it must inevitably go higher. So he bought
kat 81, 10 as long as his pile held out for mar
/ gins. 1t surprised him to see how blind and
! reckless men were of their own interests, III
Eagerly wanting to sell corn to him at S1,10.
| Fourdays afterwards corn was down to 81 .06,
then to S104. In less than a week the spec
Native man from Indiana dropped $4,000 on
the one little affair Of No. corn and now he
| has gone back home, cleaned out, sick and
idisgusted. tell this little incident not as a
| piece Of important news in itself, but because
| | intend it should point a moral and adorn
tale, in few words Ishaye to say to deluded
men in the rural districts who fancy that they
can come here and make fortunes by little
operation Or two on "'change." Very fire.
Guently, when | saunter over among the
| "bulls'' and ''bears' | see such miserable vic
| tins Of delusive hopes and while they amuse
| me- | pity them. There are scores ofold keen
| opera tors resident her, who have not made
more than enough to pay board, lodging and
iwhiskey for a year past-sOme not even that
Iandtheir principle reliance is in picking up
| fats" from the country. 1t is on record that
lonee or twice strangers with unlimited pluck
land trnnIful OF money have come here, got up
| a "corner0 and made good thing out of it,
| but as general rule one stands a better chance
| al q faro bank than among the grain scalpers.
| TO all then who contemplate such an effort
would offer the advice of PuAch to people
about TO marry-"don't do it."
At this late day, after we have expended
thousands of dollars on the work fdeepening
/ the I.l65 NJ Canal and after we have pledged
lourselvesato the state for the completion OF
this great Improvement some Wlseacres among
us profess to have made the discovery that the
Ilthihg will he-of no advantage, at least of no
4 bvoienic advantage to Chicago, and on this
i plea are endeavoring to defeat before the Com
mon Councilto night the recommendation of
the Board of Public works to re-cOntract for
jthe work They assert that the river drains
i some forty square miles Of ''water-shed' and
| that the proposed enlargement viii not be Of
Sufficient size to carry Oil all the water from
| this, without ever bringing any of the pure
Iwater of. Lake Michigan through the river
channel. They utterly ignore the fact that in
/ any event we should have a current instead of
a rotting, stinking, stagnant pond of muddy
| Impurities At the worst, it would at least
carry off this drainage water much more rap
Idly than at present. | regret to see that the
] Tribune has attempted tothrow cold water on
! the project, with these objections, and l don't
understand it, as they have hitherto argued
very warmly in favor of the improvement. AS
the common council meets tonight, however,
| the thing will soon be settled.
i Steady, pleasant weather, warm and dry,
has at length set in, greatly to our relief,
/ and we learn with JOY from all parts of the
country that owing to the regular backward
lness of this spring we will have this year such
q magnificent fruit crop, ALI through the north
twest as has never before been seen in this sec
ton of the country.
Edwin Booth opens an engagement at Nc
/ Niclker's This evening. He has not been here
before fopIiHe years, and our theatre goers are
in q perfect furore over hun. The theatre has
Ibeen partially remodeled so as to seat q great
Imany more people than heretofore. The house
lis sold away in advance and orders are con
stantly coming in from all round the country
for reserved seats on particular nights
. - COMMERCIAL.
/ SFlonr very dull only few sales of Spring
lextras at Sl1 00G11250. Wheat, 50 So for No
II, $2.20@2.22 for No. 2, S150 for rejected -
I Corn dull, $1.0l19@1.03 for Mol, 96@9715c fo
i for No, 2, S5QSSc for rejected. Oats quiet, 6E
I070c for No 2, 64@65c for rejected. Rye
lheavy and declining, $1.3001.35 for No 1
lS1.27 for No. 2. Barley dull 90c for No. g. Il
arr for rejected Mess pork held at S22 81
%. So, buyers offering S22 25. Lard dull al
l1214c. Bulk meats firm at Sc for shoulder
and 10c for rough sides. DON.