, 1875-07-04

Aa to f&cta), by which person noluIuB pto
emotion could sell the same or float it as
it was called. on any lands in the eame district
The news came to Chicago in the Afternoon anq .
but . limited number zero in the secret anu l
was not one OF the knowing ones. All the lanos
on the North Side. except small tract tnas tno
Kinzies were entitled to pre-empt. WIS oos11u.
meot land, and subject to entry BY " floats a.
Danville. When the news came there VAS some
.'hustl,ne" to buy - floats" and get to Dan3l!e
first. Hiram Pearson came to my room aoons
o'clock 1t night to buy fine horse hao' Aua
said be would give any price for horse that
would beat any horse in Chicago to Danville..
told him my horse was not what he wanted, but
told him Col. Owens hsd ono that could DO all no
wanted, and more too. +" But. SAID ne' " you
gave that horse to the Colonel, and DO Won't set
Elm uuless Won 20 with me and ask him to sell
to me-" We vent, found the Colonel IN bed. and
after some coax.ng by both Of US, he consented
to sell, but all at onco remembered the
horse WAS turned loose on tue common.
We all started with lantern and touna MN l 10 q
short time. / helped Pearson to ind su!ky.
and after Ill w.s ready for the atart We learned
that three parties had started for Danyllle about
three hours before with "doats." r. crossed
tho Kankakse ahead OF all OF them. and got to
Dsnvile, and haa his " floats located two
hours before the first one arrived y.
WHEAT.
70 the Editor Of 7hs Chicago 1r1ount:
CHICAGO juno S0.-Speculation exists to an
almost unprecedented degree on our Chicago
Board of Trade in the matter OF supply anu de-
mand for our wheat. A stranger to the situation
would to-day think, it listening to the howl in
and about the wheas-pis, that there wah famine
somewhere. an abundance somewhere. or famine
or abundance everywhere. Now let us see why
this excitement. We have our "buls" and
"bears," OF course. or our sessions on Change
would not be greatly unlike the eombre stiffness
Of graveyard and so the problem is Ut indeed
it be problem), What will be tue direction Of;
values this season? There we're last year
somo $50. LOCO, 900 bushels Of wheat raised
in this country; in Europe moro than
an average crop. According to the report OF our
Agricultural Bureau on the 22d inst, there will
not this year. be more than four-ifths of
crop. equivalent to deficit Of about ST, ,000, 600
bushels. Now, since ne do not export, and do
not have to spare in ordinary seasons so much
III Sc, 900. 900 bushels. and Europe, apparently,
will require much larger supply this year than
last, why should OUT friends over there get our
wheat without paying much more than tho pres
ent low prices 7
Our No. spring wheat eau be laid down in
New York at the present low rate Of trausporsa-
ton. aud the present premium on gold, at less
bus not occurred before in fifteen
years; and so, when We take
into consideration our late season, tho severe
storms that ars daily striking our graln-ields to
their serious damage (and continuance OF
which is predicted), the 'hopper-teast, and the
chluch.oug army threatening greater destruc-
ton, crops in France, Hungary, and Russia rs
seriously damaged by rain, hail. and freshets,
whv should not our friends from abroad, with
ali their abundant wealth. pay at least the cost
OF our labor? They want all our surpins, if we
have any, and will pay our price, no matter what
it may be.
We are, in my mind, having An excellent sea-
BOIL for straw, but poor one for wheat, and It
will not surprise the writer It We fall
short of wheat for our home deunnd before
another crop can be raised, and the growing Of
another crop may not be 3 success. Provi-
dence has been most kind to us in the past.
trial may be in store for us, but with granaries
fairly supplied aud not too much haste for
greenbacks, tho wealthier Will be the land. It
seems almost a certainty that the wealth Of the
country {labor) must this year receive it's re-
ward, and that our neighborH abroad will soon
be- most willing to pay our producers hand
some profit on all they have to spare.
MEnCUANr.