The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1884-11-12
SPECULATIVE Markets.
The Spectators of Chicago leo Much In
teresteG in the Election te Pay Any At
tentioa 20 the Markets.

The Spectators of Chicago leo Much In
terestee in the Election te Pay Any At
tention 70 the Markets.
Special 70 the Sentinel.
CHIcAae, Nov. The week On Change
has been one OF great dullness, chiefly due to
the fact that political discussions have al
most constantly occupied the attention of
members. Inquiries as 20 the markets
course were invariably met with questions
as to the latest returns" This has left the
pits deserted ana prices have generally pur-
sued e downward course, but 1t hes been
owing rather to the fact that nobody made
any effort to sustain them than because Of
any bearish influences brought TO bear on
the situation. No outside orders were
ceiyeS, and local traders did not care to take
hold TO any extent until the election was
decided, and so when an operator attempted
to sell he WAC obliged to make concessions
In order to find purchaser. At this report
the markets are slowly dragging toward
lower level. Now that the distractions
of the campaign are over, however, eX-
perienced traders think they are justified in
expecting revival of business. On this
Theory B. z. Hutchinson and George Ed
ridge commenced loading up at the very
start, and have quietly Sought the market
all the wey down. Said the latter this sfter-
noon: The business mind has been di-
verted from its normal channels and it must
return. All classes of business should feel
the change and show healthy tone. specu-
Iation being no exception to the rule"
"a revival of activity" remarked Arthur
Orr, should mean a rise in prices of the
great staples, independently OF what the
people Of other countries may think or do.
EveEy one conceds that prices have been de-
pressed below the average level. This is the
natural consequence of letting the markets
alone. They have lacked even the support
n rrh IN
cover"
There are no shorts, and prices must 60
mp in order to encourage people to sell short,
as there is self-evidently but poor chance
of profit in the operation now, either in
wheat, corn or hog products. The bulk of
the orders TO operate will necessarily be on
the buying side, and the resulting rise of a
few cents on the dollar will bring out short
sellers enough to I'LL the demand. This
means that at present prices it will pay to
buy"
Wheat has ruled slumpy Even the Wis
ible supply statement which denoted q much
smaller increase than was expected, and
under ordinary circumstances would have
had decidedly bullish influence, was scarce
ly noticed, and values kept easing off in the
face of it. Everybody was watching the
bulletins" Brokers, however, say the rise
growing, too, that the worlds surplus for
the crop year has been widely over
estimated, as it always is in times
of plenty. Great stress is also
laid upon the argument that
q continuance of low prices will cause big
decrease in the acreage sown to wheat next
spring.
Corn has perhaps been less depressed than
wheat. If the weather remains favorable
for curing il is thought prices may not
change much, but II dampness sets in q
sharp rise is predicted. The very best at
mospheric conditions are required to make
corn grade before January, except that
grown in Kansas, and receivers say it can
not be expected much Kansas corn will be
sent here for forty cents and under, as it
leaves very little to the grower after paying
freight and other charges.
Hog products have been sold down very
low in company with other articles, and re-
duced prices have stimulated heavy ship
ments, so that the winter season has begun
with unusually light stocks. Many think
that the packers hope te see this fact bring
about better speculative demand that will
enable them to sell ahead.