The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-03-08
THE CHICAGO MARKET.
Prices Have advanced ON War Rumors,
Which, ii Quieted Down, May Cause
sonick Drop.
Special to the Sent,neI.

Special to the SentineI
CHICAGO, March The past week on Change
has been one OF violent and rapid huctuation.
The wheat pit continues the center of interest,
and trading there is attended with little excite
ment. Outside orders haze come in literally and
local business has been large. War news has been
the feature and the course OF the market series of
sharp bulges when sensational dispatches told of
fighting preparations and bad breaks when the re-
ports were denied. Prices, however. seem to
"bull" more easily than break. and the weeks
close shows substantial gain as a result OF the
eagerness with which ''shorts" stampede when
frightened.
Of course opinions In regard to the future can
not be regarded as of very mach value. inasmuch
as The reoeip. OF news, OF which nothing now is
known, /; quite likely tc.Dpset all calculations
upon which forecast is based. Should
there b, war-actuai war-yalues will
undoubtedly receive on impetus which
will be all the more mGrked from the fact
that prices now 13Gi4 cents below what they
were u year ago. But on the other hand. as il IS
evident that exciting outside stimulus is con.
staDtly required TO force an advance, or even TO
sustain the present range, the general belief is
that II this rs withdrawn and the differences be.
tween England and Russia quiet down. n speedy
drop Will be in order To point Of which the grain
will move freely toward the consumer. whatever
that point NAV be Many regard the large and
continued buying here and at the sesboard by
foreign houses evidence that traders abroad be-
u something moro than talk. but this view
Is ONSET 10y the steady or only slightly
higher tone OF London and Liverpool adgices
Many bottom facts egaciing the home situation
too, are now lost sight of IN the flood of seusa-
tioal rumors Nothing can change the fact that
here at the END OF the FIRST week OF March the
visible supply is at about the highest poin of the
year. a state OF things without precedent. Never
in the history OF the trade either has the visible
SUPPLY 81 this date anywhere near equaled tle
eco 0C0 bushels OF the present time, the nearest
sipdoach to II being that OF last year, which was
II 600 600 bushels, ard which, in turn, was some
C,UW, COO bushels larger tnan any year which mad
preced d IL. This naust be felt sooner or later
probably about the time summer STORAGE CON-
mences. Ia chicago alone over $4,000 0c0 bushels
OF wheat must be sold before anybody can be
short"
There is always plenty OF grain for sale on
hard spots" remarked tr ider tonight: holders
have bought relying on accidents TO help them
out and they are not slow TO take advantage of
who are the heavy longs"
"Win Walker x Co undoubtedly own good
deal, and Fleming x Boydea have apparently
been large buyers
"How about Kent"
HE was long through Crittenden. Orr &
Comes, but is pretty well eye2ed up now look
for feverish Market"
Corn has cen firm with an upward tendency
lint eulation in it, although on the increase, is
still small and hence the movement is slow The
low grades being taken at low advance For the
past six years the visible supply at this date has
been considerably moro than double the present
figures Now the breaking up OF the roads and
scarcity OF corn in cribs is likely 10 prevent
much of an increase.
Provisions show no material change, having
sympathized but little with either the up or down
turns in wheat. Pork STANDS at Just about the
san figures that il was selling year ago. The
feeling. 100, as at that time is bearish, and the
s'short' interest, although scattered. is large On
delivery day Armour paid for about everything
handed over and a repetition of last years
squeeze Is by no means unlikely.