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Updated: May 17, 2025
Directly opposite the visitors' gallery, high upon the south wall a great dial was affixed, and on the dial a marking hand that indicated the current price of wheat, fluctuating with the changes made in the Pit. Just now it stood at ninety-three and three-eighths, the closing quotation of the preceding day. As yet all the pits were empty. It was some fifteen minutes after nine.
This reduces the three-eighths to ONE-SIXTEENTH. Shells and other organic relics may contribute one-fourth as much as corals. At the outside, the average upward increase of the whole reef-ground per year would not exceed ONE-EIGHTH of an inch. "Now some reefs are at least two thousand feet thick, which at one-eighth of an inch a year, corresponds to one hundred and ninety-two thousand years."*
Thus nock them all and sandpaper them smooth throughout, rounding the nocked end gracefully. To facilitate this process I place one end in a motor-driven chuck and hold the rapidly revolving shaft in a piece of sandpaper in my hand. When finished the diameter should be a trifle under three-eighths of an inch at the center and about five-sixteenths at the nock.
It paused, wavered, stopped at length, and on the instant the hundreds of telegraph keys scattered throughout the building began clicking off the news to the whole country, from the Atlantic to the Pacific and from Mackinac to Mexico, that the Chicago market had made a slight advance and that May wheat, which had closed the day before at ninety-three and three-eighths, had opened that morning at ninety-four and a half.
This has been perfected by many stages, and I have now before me a splendid specimen of the most improved pattern namely, the bill of the great black woodpecker of Western India, a bird nearly as big as a crow. It is nothing else than a hatchet in two parts, which, when locked together, present a steeled edge about three-eighths of an inch in breadth.
"Seventy-three, a quarter, an eighth, seventy-three, now seventy-two seven-eighths, three-quarters, five-eighths, three-quarters split, now five-eighths, a half, a half." And now pandemonium was raging in the Chicago wheat pit, and the ticker's teeth clicked like mad. "Seventy-two, a half, a half, three-eighths, a half, three-eighths, a quarter, seventy-two!"
After going over the wood in what I call "the guitar line," that is to say, passing by for the present all the corners, I return to them, in my hand gouge 24, three-eighths of an inch, and work them out on the same basis exactly as the main groove.
The feeling that the time would come when a visit from the savages might be expected at their home, contributed to this decision. Six barrels, each eighteen inches long, and with a bore three-eighths of an inch in diameter, had been turned out, and several of the stocks had been made at odd times during the evenings.
"This decrease is rather less than half what it was before the war; but before the war five-eighths belonged to merchants, permanent inhabitants of the countries now under the dominion of the United States, and three-eighths to British merchants residing occasionally in the said countries.
And he would take the rule, and re-measure, and find that he wanted half thirty-one and three-eighths inches from the corner, and would try to do it in his head, and go mad. And we would all try to do it in our heads, and all arrive at different results, and sneer at one another. And in the general row, the original number would be forgotten, and Uncle Podger would have to measure it again.
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