The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-31

Tho Hears Hold Bfgh csrnivai-Lambs
and Changers shah-s oat-The Mar
ket D0pn-Corn Plentiful

Special 70 the Sentinel
CHICAGO, May a0.-The tesn have held high
carnival in the wheat va on Change this " ek.
Al the start Leopold Bloom. NcGeoCh, Jones.
flankingon and other iafgo professional operators
went I'm 20 shake down" the market aud shake
out weak holders Counifymcn have aiwaysbeen
"lsmbs' Tor the speculative wolves sni. al
though this time relying upon their own knowl-
edee OF the growing cro,s. they had evidently
come IN determined to stay. The idea a an ad-
vance carrying up lot OF grangeu was not
relished by the crowd. The plan a couus
was 20 pound until the country let 20 aad
then get from on top 10 position uadcr the mar.
ket. so local deaieH sold aud sold. and the scat
pers quickly taking the cue iSined Ia. The unex-
ptcied increase Ia the visible supply furnished A
sledEehSmmer and they uted II vigorously ara
eatctuAlly. Holders had got accustomed TO biz
stocks but that iarmers deliveries the last OF Ma
,honid e1 coed shipne nis aud consumDtloa. stag
gertd them as It seemed TO show tina, the lnvlsbe
slppiy was not by any ncaes a. small as hat hcsn
a iun q on. Prices declined steadily, each days
C ose being materially bsiog the figures current
ss wi,h soh Zee, sbS On
ed. "roled Il with steam road roller
'tll at the close TO ni<it The feeling D. better
ihen al any time IN weeks and Z l. noticed that
% requires a constant pressure 70 keep the market
down. All artificial ptel, arc breaking. Wheat
4. nearing shipping basis. and everybody wants
TO be Tie irst 10 'stca on al lhc bottom was tae
explanation oi a broker whcn asked tic cause. X
ports from The s:ahoard sey that the port demand
Is pck ng up, anu kansel adfccS declare the grass
loprcfs are dcyoufing everything greer ia the
Stetc Outside operator. 60. who were Supposed
10 be cycrla tiugly ftozcu out have turned ~
iining, ana are lIce buNe's, apparently proving
tlai q bulk OF the efain oi was short wheat.
The crop - split right Ia two IN the middle
remarked Rosc ne to-day Its $50 600 900 bushels
mort. How far viii surIlus OF % 0000c0 20 %.
ward hlling up the deficiency
"Areuments favor the nniis. said another deal
CT, "but there Is that 90 eco 900 OF whest which
NOBODY wants, and FOR the present Il will knock
theory"
What does lester proI ose doing with corn il
what traders In the yellow cereal would ike To
earn. The crowd has SOLD ssore confidently this
week in the expectation Of larger receipts. In-
iced, the grain Is coming IN very freely n9v, but
many conservatives believe IL a temporary rush
sisrled 10 ill May fales and meet the Supposed
corner. On this theory big falling of il pre-
dicttd directly after June J. leaving holders OF
Jureand July winners. Hence short sellers are
wary and there is ne desire TO o,Srsel the msrxet
while conditions for deal arc SO tempting still.
railroad men are beginning talk OF large quantl-
Ties OF corn discovered in Nebraska.
Provisions. after steady CAY have ilrmed up
TITLE, but Armour and his crowd are still short.
and no permanent improvement Il expected until
the June run Of hogs Is over. Receipts are now
larger, but only what might be expected from the
immense corn croD. Product will. as in former
years, decline to point where capital Will taxa
hold and give IL a twist that VIII make the heads
OF the shorts swim.