In his morning talks he had learned of the extent and character of the stock-yards' enterprises, of the great railroad and ship interests, of the tremendous rising importance of real estate, grain speculation, the hotel business, the hardware business.

He had learned of universal manufacturing companies--one that made cars, another elevators, another binders, another windmills, another engines.

Apparently, any new industry seemed to do well in Chicago.

In his talk with the one director of the Board of Trade to whom he had a letter he had learned that few, if any, local stocks were dealt in on 'change.

Wheat, corn, and grains of all kinds were principally speculated in.