The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1885-04-22
CHICAGO MARKETS FOR THE WEEK.
Spectators Go wild European War
News and Run Prices sbyward, Oaly
to Fall to the Starting Point.
Special TO the Sentinel.

Special 10 Lne SCnllnei.
CHICAGO, April Is. - The wheat market on
Change during the past week has been a duph-
cate Of the two preceding ones, as far as excite
ment and irregulsrity concerned. bowling
mob has filed the pit each day and rushed prices
up and down es outside news was Of bullIsh or
bearish character. At the start indications we-e
thought to all point toward war, and every mem
Der o. the crowd at once developed a fnlLgrown
pair OF horns. Then. alto gether, they tossed the
market skyward and quotations scared way up. rs
II seemed impossible to satisfy the wants OF ocal
speCu latOrs let alone nj the demand OF outsiders
The visible supply was about $50 0O0 bushel less
than at the time Of the last statement but very
few irads rs stopped TO even glance ct the figures,
or, II they did, they forgot them instantly aud
wsr news. The bulls entSusinsticaiiy
talked Il before the week was out and
some even mentioned Sl2 Suddenly no geyer
English Cons0ls became stronger and cables less
seDgui1ary in tone. CIoD reports were unfavOr-
able as ever. but the weather. though miserable,
vac s sS s e ss n tbs we and ON tee r
Instantly the feeling appC ered to undergo com-
pltte change. Buyers called halt and quickly
commenced realizing, while sellers came to the
front with rush. Every body sold. and everybody
sold so persistenly and heavily that It was impos
sible 10 name the lfacerS, though Norm Ream
particularly noticed as dumping long grain
in huge blocks, while Bodman went short Away
went values on the down grade, apparently find
Ing the road much easier to travel for having been
xone over so recently; There was drop. as II the
1n,,l market was going al to pieces. when i was sud
that Russia was negotiatinga war loan This story
was OF course without foundation, but it served to
bulge the market just the same.
Perhaps the most noticeable feature OF the
ket this week has been the uniformity with which
the lighter class of specuators have succeeded in
getting in on the winning side Losses have large
ly fallen on the professional dealers. These now
are generally bearish aud Eeem determined 10
theke out connirymen who are inclined to take
hold on this depression. without drums
they may be able 10 do IL, but conservative men
believe the grain Is resting very nearly on its
ts, especially as the market is believed 10 be heay
lily overgoc.
ITS splendid time for tue agile scalper to get
rich, but this churning up and down on false
ports and vague rumors Is killing healthy trade
remarked j. W. Bliss.
Corn has developed no new features Heavy
shipments and small receipts are the order of the
day. Lester is buying heavily ana so is Keau, aud
the talk OF q squeezs, which at first was regarded
as sensational is gaining believers. Prices follow
those OF wheat, but react much quicker after
down turn.
Provisions have ruled slumpy. Receipts OF hogs
are too large TO make product an attra;tive deal
for the boys. and trade Is small. Holders are The
chief sellers