Daily globe., 1879-04-24
THE WHEAT DEAL.

THE WHEAT DEAL.
Hoto the Bears are JVorl;sn0 the Market in
Chicago.
Chicago Tribune, 22d.
1t is a pretty hard matter to determine
definitely the condition of the Chicago wheat
market. The operators do not like to con-
Tess that there is anything like an unpleasant
outlook, especially those who are ''long' on
the deal, but pretty close canvass of the
situation will reveal the fact there is a con-
victlon that something will have to be done
soon to lift the present depressing condi-
tlons; that is, that something must happen,
or else large class are going to be cleft, & in
the parlance cf the day. The market is
weak. 1t IS uncertain. The operators
scarcely know where they stand. They do
not dare to take many steps lest their foot
ing prove treacherous, and they be precipi-
tated with their load into mire from which
they may not rise. It is as sensitive as a
mercury bulb to the varying degrees of heat.
A rumor will break the masket. Where a
we'll established fact detrimental to the wheat
interests would send it, the Lord only knows.
Those who bought largely upon the belief
that a S. market would be reached are sensi-
BILE that
ONE DOLLAR WAS NEVER SO FAR OFF
for bushel of wheat as at present. The
accumulation in the elevators has had the
effect to startle the speculative dealers, for
they see the lower grades going off as fast as
they can be shipped, and preferred, accord
ing to reports, and at the sarae time their
own lines being held on constantly weak
ening market. 10 give a stronger feeling,
the accumulated millions of bushels must be
shipped. But those who profess to know
state that the parties holding the greater
portion of the wheat in this market will not
ship bushel until navigation opens. Until
that time, then, there must remain the pres
ent uncertainty and weakness. There is
about six cents difference in price between
No. spring and No. winter, the latter be-
ing the cheaper. The latter is the grade
that is going forward in large quantities, and
is preferred by millers, as it grinds better
than the stock of No. 2. It is reported that
one firm here sold 10000 bushels of No.
spring to Buffalo milling firm. OF this,
10000 bushels were shipped. Word came
back to sell the remaining 10000 bushels
and fill the order with No. winter. The
No. 2 spring sent, they reported, did not
have good smell, and did not grind as well
as the other quality.
THERE WAS SLIGHT BREAK
in the market here yesterday. June wheat
opened at 9o115 cents, sold up to 9oA cents
and closed at 8915 cents. May delivery
opened at 81 cents, sold up to 89] cents
and closed at S7A cents. During the trad
ing it was reported on the floor that, il
drawing out quantity of wheat from Ar
mour, Dole & Co.'s "C'' elevator, it hae
been found to be hot. This rumor had it,
effect for the while, and wheat dropped fo1
June from 9O11 cents to 8915 cents, and fo2
May from 8836 cents to S7778 CENTS Wher,
this rumor originated it was hard to deter
} mine, and there were many-even those OF
the bear side of the deal-who said Their
could be no truth whatever in the report
Certain it is that Armour, Dole & Co. den.
having any knowledge of there being an.
, hot wheat in their elevators, and other com
mission men say they do not believe the ru
NOR. One report was that Mr.. Saunders,
private inspector, had found the hot gran
: while drawing off shipment of wheat, an
| had shut down the bin in consequence. An
, other report is that the 'hot'' grain was dis
) covered last Friday. A cargo was bein
drawn from the elevator, when it was foun
to have what is known as "the bin smell;
but just as soon as it was exposed to the al
d this passed off. This had just leaked OF
g yesterday, and was said to be the cause
, The rumor to the effect that there was ht
wheat.
: The officials at the headquarters of th
l. chief grain inspector had heard the rumo
but could not give any reason for it. Co
| 4oSo ho1k kkoro l0cv, Eok xubn fN1
q they would know of it officially. No report
= to this effect had come in up to o'clock la
. evening.
POSSIBILITIES.
= While there may not be any hot wi eat
If store here now, and the rumor on 'Chan|
IS yesterday pure ia brication for the purpo
T. of depressing quotations, the fact still +
mains that many of the old operators shal
their heads and say they do not care to ha
the grain on their hands when the wealth
becomes warmer. Much of the wheat, tn
" say, inspected better in cold weather than
a. would have done in warm weather, and thi
to their mind, argues the presence of MOI
u ture that must come out as soon
Is the temperature of the air is raised. II
c. fact is, the elevators are so full of grain th
d. the quantity stored therein cannot be turn
ill and given air for the purpose of driving O
all moisture. In the meantime the owne
of this wheat are holding on for an appr
IL citation of values that will be slow in comm
I'll for the Indications all over the wheat raisi1
re regions point to a large crop, and there G.
a. hardly be anything to lift No. 2 spring fro
~ its present depressed condition.
Divoqce IN Germany.
We divorce case came lately before
I'D courts in Germany, the judicial action
he which shows wonderful facility for obta
% ing separation in that country. The M
. riage can hardly be classed with those viii
are said to be made in heaven, and the arg
n ments in favor of its dissolution do not p
nd sent either of the parties to the suit in
,ic very prepossessing light It was, in fact
~ matter Of sharp practice on both sides. I
at lady made the first movement toward m
IS. rimonial alliance by advertising in ne'
al paper and holding out as an inducement t
MI suitable person, the fact that she possessed
he fortune of 5000 marks, or about 81 800.
to young man of shrewd and cautious busin
habits read the advertisement and answer
:, it in sympathetic spirit, but with, howeV
ld the rather important reservation that
re: would not marry the young woman until
cK, uoneJ was ptouuceu, LIS PuIposo DoAlS
nd purchase business, upon the proceeds
ee- which he and his wife might 1--we. his G
m ton, however, was subsequently thawed 9
IN and 1t appears that the marriage actue
in took place before the cash payment, the G
He liant husband and lover insisting on stl]
les lation that the 5000 marks would be p
las over within eight days from his wedding d
al When the payment came to be made, tn
The were only 900 marks forthcoming instead
ats 5000, and hence the husbands resort to lie
of redress. He urged the nullity of the n
3D. rage because of the deceit which had b.
SO. practiced upon him, and got a decision In