The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1884-10-29
CHICAGO sPECULATORs.

the Bea=s In CODtra of the Market, and
Large Arrivals of Grain, on Pressure TO
Sell, Force Prices Down.
CHICAGO, Oct. 25.--AlI speculative s-tielos
on Change during the week Just closed have
been under control of the bears, and values
of grain aud hog products for future delivery
IRE materially lower than week ago. This
decline is more marked 10 grain. the offer.
ings of wheat and corn having been heavy,
with q continuous pressure to sell, while in
provisions prices for cash stuff have been
fairly we'll sustained, although the futures
have been neglected and slumpy.
Wheat ststted on the down grade, and al
though RE visible supply increase, as an
Donnced Tuesday, was less than expected,
and together with seme good buying by
Bliss. Poole, Eldridge and Wallace. caused
slight bulge. IL was only temporary, and
the general tone has been one of dullness
and depression unrelieved by any symptom
Of important reaction. Foreign and sea
board markets have been extremely weak,
and their daily shrinksge in values has en-.
couIged short sellers here, while disheart-
ened and weak bulls have deemed il prudent
or have beer compelled TO largely reduce
their holdings. Receipts continue on an In
creaEDg scale at most Of the primEry mark
cts, and although eX ports from the AtlaBtic
potts nave been Ihll, HEQ II IEe aggregate
have, Tor the past three months, been as
large as ever known, the tendency of specu-
latiOL is decidedly toward reduced values
and leading traders declare there is at pres
ent no prospt Ct Of change in this respect.
Said prominent receiver tonight: IF we
should get an upturn OF few cents receipts
might fail off little, but Just as long as
prices decline we may Look for liberal
movement Farmers must sell sufficient 10
meet current family expenses and pay their
taxes. This year on account of the cheap
ness OF the articles they have 10 let double
the pumber of bushels go to obtain the same
amount of money. This in part accounts
for the liberal receipts"
That prices are unpreceden tedly low is
beyond question:" remarked 4. N. Wright,
yet ttrv G:sible supply is fully up to the
largest eo-G ut ever accumulated IN the
country a. tne close OF October, and the
shipping demand is down 10 g minimum, so
that see nothing 70 materially change the
situation until the end Of the current year
and hdyise those who wish e. operate TO buy
and sell on quick turns"
Com nae been unsettled and nervous, the
feeling at times being 50 dernnrllizad as a.
most 10 amount 70 a panic For October de
livery the pressure TO sell hrs been very
urgent, large proportion of the Offering
being from parties " no were folio wing I'm the
wake Of " care and McHenry aud those who
controlled the September deal, and who were
operation for the current month. Parties so
holding were free selIers on 'stop" orders
which at times were extremely difficult Of
execution. as limits were quickly passed
under liberal offerings before co ga
could be effected. The impression seems
growing that the clique has concluded it
would not be wise 10 try another squeezing
process rs the danger of being swamped by
Iecel PTS II suoh thing were attempted, In
cTeases every day. This weather is perfectly
crop ara msI;no r. Sry snd hard snonOh ~
grade No. 2, and many experienced men
think that should prices be put up the
cunt of corn which would come in would
orerv helm ANYBODY. Some even maintain
that the CLIQUE itself has been short all along
and playing game OF bluff.
A good shipping demand hes kept provis-
ions for the current months delivery steady,
though futures have essed of somewhat in
sympathy with corn.