The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-17
SPECULATION IN CHICAGO.
The Market During ,he Week Fluctusted
Rapidly In Very Narrow Limits, ths
Weeks Clotlne Prices Being
About the Same Rs Last.
Special TO the Sentinel.

Special 10 the Sentinel.
(HfcACo, May i6.-The past week in the specula.
tive markets on Change has been one TO MAKE the
heart OF the scalper rejoice. The range OF prices
Las been only fair. but fluctuations were rapid
enCueh to satisfy the quickest trader There
seemed 10 be any amount OF eddies and counter
currents and though there was plenty OF pulling
and hauling neither party made much progress
Thus, ate, innumersble ups and downs. the close
shows great change from the prices current
seven days ago. At the start the reduction in the
visible considerably greater than mad been ex-
pected and on this the crowd was incline, to buys
But Jones, Norm Ream. Adims and George Smith.
who thro ghout the week have Dnductel a sare.
Of vigorous and determined onslsushgs, claimed
that large share OF the sppirent decrease was
due TO the opening OF nsvi CATION anu the sending
forward OF grain sold long agp, and hen &c
the ovemCnt wGs not 10 be c)usltsrai
rs a bull argument crop reports were oil even
nore 2lt ny tenor then heretofore bit the war II
growing weather aud bright sunlight streaming
IN mon the floor OF the Exchange destroyed their
inf eBce. II was principally upon belief in this
dsnsge that the country had invested. aud as
their margins disappeared tie granger sp sculation
fairly poured in their ''crop killing stories.
From ksnsas came reports that the grain had a
yellowish and siekl5 look-iust the kind to be az
tsoktd tn vermin ana disease Texas ami
Leu siena adylces said that syarms OF grasshop
p rs were moving north ward and destroying every
tnirg as they went, while Illinois ana Missouri
farmers conn lsined that the Hessiau fy and
chin Oh bugs were leaving nothing but the wire
fences still operators did not pay much attel-
ton snd while occasionally in imagination
spectral grsgshopper might be seen. chasing non-
comtaant bear acrssi the door, the grasshopper
always ht AIDED the procession on the return. AS
a rule operators regard the injury as
real al G, ne,aly acknowledge the next crop will
&c split not ereat way from the middle, hut all
sppesr 10 have made up their minds that not
until about harvest tire will the shortage nave
any elect upon the market. In the meantime
they propose TO gouge as many scalps as possible
out of each other and outside lambs" During
the week the bulls, especially the private wire
crowd, have several TINS eudeayored 10 rope IN
some war talk on the boys and In nearly every in
stance have succeeded in boosting values up
point or two. showing in what q sensitive condi-
ton the market is. o. course the advance did not
hold the news was altogether bogus and eter-
nal peace the order of the day. About the only
new feature developed is the reported advance IN
the prices paid for grain by interior milers,
which would seem to prove that the invisible sup
ply is nut n less than generally supposed
Corn opened very bullish, but the deal has grad
uaiy hattened out as the suspicion that Lester
gradually getting rid Of his grain through
tyok ers gained ground. The easy feeling has also
bten helped along BY the fne warm weather and
probs biity OF increased receipts a. farmers hnish
their spring work. stiil the ratio Of receipts and
shipments points Is much toward strength as
ever, and with stocks Ia store here scarcely equal
10 ~ q 6ays' shipments sellers to day may be very
AZ xious buyers tomorrow. Recent sales oil June