The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1879-10-09

lnat ID the COM lecture OF some, but yot
can't tell how sincere they are, or how
true ID Is. The speculative boom Is OF
) Just now, and men In the trade are gettinI
orders from everywhere and for every
thing almost. They get orders from al
sorts OF people, who think that the grair
bonanza has opened up, from saloon ant
hotel keepers and mechanism the coun
try 70 the great operators In New York.
"But say" asked the man who was SURF
she would go TO Is or even 10 40, ad
dressing bis friend, "you don't mean tina
about sale ct three-fourths below2"
VI do" was the response; "she has
reached the top notch and more, and
think the whole thing is q strained deal.
ltwaatrne, and the market has declined
the 2 O'Clock call quoting November
wheat at l2i, selling up to seven.eiehthl
and closing at the opening price.
THE CROWD AT THIS MIDDAY CALL
was an intensely eager one. The men
strained forward 10 catch every bid, and
II was apparent that there was great ex'
element In the crowd. To use the Ian.
guage OF the Secretary OF the Board, ''there
was electricity In the air." The big Jump
in wheat had whetted the gambling ap.
petite and rise Of no less than 80 cents
per bushel in less than month had made
operators feel as though rich plum was
ready to drop into their mouths II they
would but open them for the delicious
morsel. The fever was in the air, and II
spread Ike o contagion, asthe triumphant
bulls reminded each other that Just less
than month ago October and November
wheat stood at S93, and that since the gen.
eral bulling business began, profits have
been daily swelling, till they were scooped
In by the bushelful OF money on yester.
day at 81 Is, or nearly 80 cents advance.
Bully for Liverpool" shouted gentle.
man who came out winner OF $4,000.
"Evidently everybodylis hungry on the
other side Of the water"
That's So" said believer in pork:
steady all along the line, sonny. Corn
actively in sympathy with wheat, mess
pork, short ribs; In fact, it's bully in ey.
erything." 81,
Hungry across the water, are theyP
remarked another. "Begod l thinks It's
here there are the DEVILS own number Of
mouths hungry enough to get at it at the
present figures, and may be they wouldn't
object to . cable tomorrow that would
send It little more"
What do you think Of the 'boom'?"
asked the Times man OF
CLINTON BRIGGS.
II don't know what to think OF It vet"
said that gentleman. There's a good deal
Of activity, eh?" he continued, meditative.
~, rubbing his nose. "But what bottom
have they gotfor it yet, that's what want
to know? Do the markets abroad indi.
cate . sufficient demand to Justify this
boom, as You call It? Ihave an impress.
sion that some OF them will touch bottom
sooner than they expected. Still II It is a
fact that Europe needs grain, we have got
plenty for her, and II she sends US gold Tor
American produce in parcels OF Eve mil.
lions or so, as she has done lately, Chicago
will have to hustle to make the account
even"
"JAcK" sTRuGE
said the 'boom" was solid fact, and no
short fiction about It. The long expected
grain rise had come at last, and 1t was his
opinion that it was bound to last at good
high prices. He thought 1t might reach
25 for wheat now, hut that Il it was earlier
in the season he shouldn't be surprised to
see it go up to 81 40. mot
| .s# ''oLD HUTCH"
was observed walking around in a genial,
airy sort Of way, stepping as lightly as
though he was treading on eggs. He was
| evidently exhilarated from the tonic OF the
wheat rise and most comfortably happy
at the prospect Of fat margins in scragcy
pork. It is suggested that he be urged 10
invest his profits OF the past week In some
public.spirited enterprise, such as rebuild.
ing the Hyde Park Hotel, and laying out
around IL q Chicago summer resort, with
bathing. houses, spring.gardens and other
appropriate establishments.
TuE AFTERNOON SESSION OF TIE REGULAR
l i Is glra BOARD
was very fully attended, and wheat sold
from l29 70 l3c keeping very steady all the
time, and with numerous transactions Il
closed at s. l2i.
at the curbstcne session after Change
some sales were made at 81 l2s, and on
receipt oil intelligence that the New York
market closed a little dull the market here
weakened again somewhat, sales being
made at 81 II and rallying again at the
close oil business hours TO 81 III per
bushel.
Reliable dealers and brokers say that
the slight fall at the afternoon session, and
subsequently on the pavement, should
not count for much, as great many com.
missions on small margins were executed
by the brokers from customers who or.
ldered them to sell Immediately the mar.
ket showed the slightest sign Of weaken.
ing. ...e +ll TlI. d. So
said prominent bank cashier: "Up
to the present time the whole transaction
has beaten even the most sanguine bulls
who had not the slightest expectation that
the market would 90 popping about as It
has"
| A notable instance Of
| : PERSISTENT GOOD LUCK
in the wheat deal is quoted OF an oper.
ator who Is known as one OF the most
reckless oil grain gamblers when he does
get started. Three weeks ago he started
with only $50 in cash. By using 1t adroit.
| y and holding on he was possessed last
Saturday Of $4,000 in cash, and was
| "long," or possessed OF three hundred
thousand bushels OF wheat.
The sudden rise TO ST Is OF yesterday
netted Tor him an additional SIS, 900, or
$40 900 In all. as the result OF an operation
started three weeks ago on $35 cash cap.
ital.
Favorable news from Europe is expect
| ed, and the bulls fatter themselves that
4 the rise will stay with them sufficiently to
give them firm market to-day.