The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1881-08-25
/, THE GRAIN FURRY
vwllD spEtcauLGT.oS IN CHICAGO.
PaadsmonIum ia The Beard Of Trade
ROOms-Ths VieiOuS UhseFtainty
Of ThIRgs-An OPlHioR On
Germ and Oats.

Clhlly oH NuHuuyt WHell utUAEiri eHu HeLh
beH not brokers, came to business refresh
cd by day Of rest, and with voices and
lungs restored to their full powers, the way
they howled and tore around was enough
to wake the dead. They filled the great
ball OF the ,''hig board with ., VoluIpS pi
sound | tBpt q I. could 'e heard ? sgfF 81 R$e
From the opening Of the morning session
until the close Of the call board in the after
noon all was excitement and confusion.
Any outsider, looking down upon the
scene on Change would have thought the
inmates Of lunatie asylum had broken
loose and were holding u convention. A
thousand or fifteen hundred men were on
the floor at once, shouting, screaming and
gesticulating like yeFitable madmen on u
"crazy day"
The New York Gold Exchange, in It's
palmiest days, never produced crowd
that could make more noise IN Rsgiven
EspRee OF time than tile men who assemble
daily on the Chicago Board Of Trade TO
gamble In grain and the product of the pig.
They are lusty OF lung and tireless as men
Of steel, and can outyell any army OF
COmanChes. When they ara iairly worked
up they do make Rome howl with ven.
geance, 1t does not seem possible for
human beings to endure the strain to which
they me subjected day after day, but they
not only do endure Il, but grow fat and
saucy on the exercise. They have been
going II now for two weeks at u killing
| aud thnRn a nn NNRt aaTNN fnIt
that relief Is near ut hand.
Yesterday the market chopped viciOusly,
and there was u tremendous pressure on
both sides, u rush tOSell and flroe to buy.
The two interests were pretty evenly
matched, and neither had much Of the
advantage OF the other when the clang OF
the bell put stop to the grand struggle.
Now the bears would have little the best
EOt II, and then the bulls would driyetheir
enemies hack few PAGES. ,ghe opening
quotatiOnsHere Considera bly, below the clos
Ing prices Of Saturday, two or three cents on
wheat and corn, and several cents on pork
and lard. The market was weak and
dropping, and prices dropped still further,
but before quarter Of an hour had elapsed
the tide tliFnell and values took an upward
shoot. Fluctuations were frequent and
startling on grain, frequently changing a
cent minute and back the next, but the
drift was toward higher prices. Orders
continued to cOnle In from the country 10
buy, and u knowledge Of the iact that the
great mass OF small speCuatoH have not
yet lost confidence in the future OF the mar
ket did mOretO sustain prices than any other
cause or combination Of causes. The great
public Is evidently determined to cling to
the deal while longer, and there Is no
telling when It will let 20. There IL a glOri.
Gus uncertainty about the immediate lea-
ture that Is full Of promise and possibilities
tothe speculative world, and there Is little
doubt tIlat. about two.thirls Of the world
resident in the United States IL speculative
at this present writing. The mails and
telegraph wires flirly groan under the
burden that II heaped on them by
citizens who have q few dollars to lose, and
want information and experience. Nil.
lions aud millions Of money are depend.
ent upon the quotations that are made on
the Chicago Board. Stories Of fabulous
profits come In from every point OF the
compass, and the quotations that are wired
from this city every minute or two In the
day are watched with more interest by the
public than. those sent from Wall
street. Popular interest In the enormous
and miscellaneous deal now in progress
does not abate; on the contrary, Il Is on
the increase. The game isone In which
everybody MAY take a hilril, and, as In the
days when thef San Franciac0 gold and
mining boards were in their prime, clerks,
laborers, and servant girls chip in to keep
things moving
At the Glove of trading yesterday, the
market had not quite recovered the ground
lost on Saturday, but prices were consider
ably higher than they were In the morn
ing. Yet, In spite Of the apparent strength
Of the market, few operators have much
faith in IT, They look Upon the situation
as one OF dangeE and are 10th TO 20 In TO
stay any length Of time. Well informed
brokers advise their customers TO 20 slow.
"COrn and oats and rye" said commits
sion man who was ii with Handy on his
wheat deal, "are extravagantly high, away
out Of all reason, and there u ~ certain 10
be reaction as the sun In sure to rise to-
morrow morning"
Corn was never worth G2 cents In goldin
Chicago, and itnever Will I've. Surprising
the crop Is short; what Is the difference?
There Il corn ,enought0 run lls two or three
years without any crop; and let me tell you,
the holders are letting II 20 as fast as they
can. The old corn which was not in con-
litiOn to, ship III June and July d all right
now, and Il Is coming. Shippers are hav.
ing every facility given them for forward
Ing graih that railroads can offer, and the
extraordinary prices that now obtain can.
not possibly be maintained long.
Rye and oats, "a well az corn, are selling
for agreat deal more than they are worth
or can be worth. These are my views,
''and, " continued the speaker, moving tfIi
and lowering his voice TO a confidential
pitch, u don't mind telling you that ! am
lust as liable as not to be wrong. A man ia
more liable ~ be ,wroSg than than tight
such times as these. Experience and jn1g.
ment 20 for naEght The guess Of q China
man Il as valuable az the opinion Of the
best expert on the Board"
II will he noticed that the. gentleman
saws nothing about wheat, and Il Is barely
possible that he fancles the same conditions
should regulate the market for the cheaper
cereals does not apply t0wheat. Tie bears
are building Their hopes Of a. declining
market on the increased receipts Of
7, grain. Enormous quantities will arrive
this week and next, probably three
thousand cans Of wheat and ten
thousand 0i corn, each week, landsit will
requirpa vast suin Of Cash TO care for IL ut
n well enough for mem u eamhle on
margins when they can get out quickly, II
The market goes again them observes d
paniky speCtilatOr, "but when II comes to
putting Up 'shuiF for. Investment in the