The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1885-06-10
CHICAGO MANIPULATORS.
The Most Excited Week of the Year-Ihe
Bulls Keep the Market Well in
Hand-OOrn and Provisions
Follow Wheat

CHICAGO, June 6,-The week on Change has
been the most excited of the year. with whest the
center of interest. The bulls have managed to
keep the reins well in hand, however, and with
the exception of a small set back Wednesday have
held the team steadily On the upgrade. At the
start the big shorts began to cover. Nat Jones
had all along been talking at S5e as the bottom
price. Below sec, however, the market went down
hard and the Jones -Ream combination, who had
been the most prominent sellers OF the previous
fortnight, quietly "fopped" and went long"
Gossips put Reams winnings al $50. 900 and Jones'
at 100000 At the turn Jack Cudsby, Roach and
little Nose Fraley were taken into the
clique and before the boys got onto the
scheme they had sold themselves into a
hole. The visible supply, which the wise heads
had figured as lib ely TO show an increase. footed
up a decrease, and thus had q strengthening in
luelce, though the mountsin OF grain already in
siRht is already so large that 10000 bushels one
way the other would not seem to make much
difference But il was upon their big stories that
the bulls placed most reliance. According to
these tho HesEisn flies and chinch bugs were made
TO sppesr as big as ostriches and as hungry as hy
eDas, while rust wss represented as destroying all
The grain that was not winter killed OF deT0ured
by these insects. HsmilBru and J. l. Lester,
with their Wall street clientsee, were the last to
Nednesday in order 10 get out as near even es pcs
sible. This, however, was too distant 10 last and
8 decrease OF 1O0oOeO bushels in the amount ON
passage 10 Europe set the crowd to buying agaiu,
and the close is finn snd buoysnt. AS usual on
an advancing Market outsiders have rushed in
their orders, and the volume OF speculation is
largely increased. No EXPORT demand has sprung
up yet but the belief is becoming general that it
is not safe TO stand 'short'' longer The chapter
OF accidents, SCOUT which stock bears and grain
bulls delight TO talk. is becoming too appalling.
Phil Amour too is said to control, either directly
or through EggleSton. fully three-f0urths OF the
wheat in store here. and OF course Is watching the
speculative situation closely. Everybody ac-
kDowledges the fine quality OF the grain and that
it car be easily carried into next season. when il
is expected il viii all be needed.
Corn follows the lead OF wheat, and the only
new feature developed has been the widening OF
the premium Of June oZer July. Receipts have
fallen OFF rapidly. apparently showing tsst the
late rush vas simply 10 meet May contracts.
'pIominent receiver now predicts that the number
of cars for the remainder of tee present month viii
not average over 200 per day. The new crop is
certainly very backward. and should any damage
happen 10 II there is no telling where the advance
might not end.
Provisions are still sluggish, though the interest
ia them is picking up. The elements OF strength
this week have been a better long ma ket aud
sympathy with cereals. "How do the packers
stand nowf" is the question the crowd would like.
10 have answered