Bozeman avant courier. [volume] (Bozeman, Mont.) 1872-1882, 1879-07-24

Chicago is city have always liked
# Though not SO large as New York City
If it has about it far more enterprise and
grit. Like New York. however it always
# has some new attractions for its visitors
/ 1t is called the ''Garden City" Why,
am unable to say, unless it is because il
!, presents to view perfect garden Of snowy
business houses and beautiful residences.
Since my last visit to the city l find it
q has added many new attractions. Among
these noticed particularly that the tele-
phone is in general Use in the largest bus
mess houses. In fact, the Western Elec-
trio Company of this city. manufactures
the Gray and Edison telephone.
During my stay here, in company with
one OF the representative business men of
: the city. visited the Chicago Produce and
Grain Exchange. where rich and poor
alike can speculate in grain and other farm
products. Previous to my arrival, for ten
days or two weeks, there had been dry
spell all over the prominent Western
States, viz: Illinois, Wisconsin. Minneso-
ia. Iowa, Kansas and Nebraska. and wheat
corn, ETC., were up. But on the day Wis
tied the Exchange it was raining, and
there had been considerable rain the night
before. This. of course. gave promise of
Il better harvest. AMI the price of grain
lowered accordingly; wheat being several
cents a bushcl lower than on the previous
day. The principle of the business is this:
There is bank in the room which receives
and pays the money for all sales made
charginga small amount on all transac-
lions; for instance: one-eighth Of l per
cent. 4 bnshcl on wheat. Spectators buy or
sell for future delivery AZ the ruling price on
the day the transaction is consumma.ed.
| All purchases and sales are marked on
| blackboarls in the room. so that all can
see as soon rs the bank gets a record Of
them. 10 Illustrate by a supposed trans
action: The ruling price of wheat yester-
day was nincty-ei@ht cents, md purchas-
ed ten thousand bushels at that price to be
delivered to-day. When making the pur-
chase | deposited enough money in the
bank TO leave margin OF few cents a
bushel in case grain should lower in price
and Should lose. To-day. | 90 to .he
Exchange and am clated to tiad whea. |
quoted at 99s. | go to the bank and they |
pay me the difference between the price Of |
yesterday and to-day, and thus. after pay
ing my commission. | am 500 ahead. |
Thas Il man with a few dollars capital may
operate and make or lose. as he may fore
cast the future market. Like all gambling
schemes. however, it is a losing game,
there being nothing produced and it being
necessary for the men engaging in it TO
have at least enough to live on. This is
obtained from the class that labor for it
and are foolish enough to think they can
easily read the future market and soon
make their fortune. While some of the
men occasionally get several thousand dol
lars ahead, they sooner or later lose it
again. One man to whom | was intro
duced in the building, told me he had de-
voted his entire time 10 the business for
five years past. and was not worth one
dollar more to-day than he was when he
first started; and this he said was the ex-
|
drod that " ore engaged in the same occu-
patton. Still. there was kind of f.scina-
ton that kept them from leaving it. What /:
Il commentary, | thought, for young men !
to read. Five years OF his life wasted. {
Neither the world, himself OR family made t
richer, happier or better by five years Of S
strict attention to business Where. 6
thought |. is the mercantile, scientific, ar c
tistic, or any other honorable pursuit that {
promises such meagre returns. il
Leaving the Produce Exchange, we WIS., @
ted the Merchants, somewhat similar
Institution. confined, however. to inlluen- C
ial and monied men. This room is not 4
devoted exclusively to speculation, but
samples OF grain for sale in car load lots
we're on exhibition, and dealers were busy [
making purchases. Here. for the first n
me, we saw the pneumatic tube in opera h
ION connecting the Exchange with the a
,lty Office of the Western Union Telegraph y
20. Tie tube is metal, about four inches II
diameter. and the carrying boxes are IL
made OF wood. The ends of the boxes t,
ust tit the tube. and they are hollow and Il
bout eight inches long. As we stood i,
ear, we heard tiny bell jingle. saw the II
operator put his hand to the mouth of the Il
ube and t,ke out one of the wooden box n
s. From that he took halt dozen tele- n
rams, still wet with the ink of the writ +
RS pen, which he numbered, then placed IL
piece OF prepared tissue paper on each c.
ne and passed them successfully between 4:
wO rollers. The telegrams came ont on st
ne opposite side in the shape of originals s,
nd copies. Here they were picked ND b
y another man who addressed the origi- q,
ais and placed them in the hands Of the v,
elvery boys. The copies he passed to b,
IAN who made "A record Of them in book 81
ept for the purpose. All were busy. and II
uring all this time there was a man fax n,
ig the dispatches to be sent, and as often or
six or eight were on hand Tor less. if ar
ne had been on hand one minute), he
'ould place them in box. then into the cr
'oe, and almost instantly the ringing Of O,
ny bell announced that they had al rived til
their destination. N
Again taking up our cline of march, IN
e soon arrived in the press room of the 70
'eeming Telegraph, where we had the f.;
leasure OF seeing their press in operation. he
ne press is new one, the invention of IN
'alter Scott, and was built at the Potter n,
ress Works. 1t is exceedingly compact. SO
marvel of ingenuity. and is the most do
pid press in the : Grid, printing and fold tai
g, as it does, thirty thousand papers an ST,
our When in operation, all the noise if to
axes is the hum Of the cylinders. as they
i'm around with almost incredible yeloci- tb,
I. Every movement OF the press is RI IN
ry but one. the fly, thus enabling the sci
ess TO be run at such rapid speed. When ar,
entered the room the stereotynino IF
forms had just begun. Forms oftvne
each page of the paper were sent down :
'm up stairs and were Immediately fax kie
In hand by the stereotypers, who made risi
mould of each page in PLASTER of paris ant
en- in turn used this for one side Of j kill
'uld into which molten type metal was by
ured from large ladies' fresh from, ~ is e