The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-02-08
SPECULATION ~ WHEAT.
rne Market Alternately Rated by the Balls
aLd t,.ars, Moving Up aad Down
Corn Steady.
srerial 70 TIE sentinel.

rftfial 10 TIE Stntlne.
'nioAoo. Feb. lon Change during the week
just closed wheat hes. rs usual. been the oepter
OF interest, and luclustions in II have been rapid
ana Prices have. seemingly. tended
downward from the start. but bulls" and 'bears''
have alternately held control. aud the talk OF inc
crowd has been S0c or soc according 20 which
side was nppermost az the time. DID Kent bas
been tee big operator OF the week aud everybody
bss watched h's actions. At The opcniag when
The ground was covered with snow aud trokers
we're making predictions OF a million aud n mill
ion and hall increase in the visible supply, aod
nobody appeared willing 20 buy anything az any
price be covered his short" lines aud went
long" Receipts were larger, farmers deliveries
on the increase. millers reported 10 have
Io"ereo their buying prices ana the crowd
of scalpers selling. Quotations eased OF
Kent doubled his holdings. The secreiAry's
report of visible supply did not come M to
little over p 100 bushels. This, with the Soft
weather. served 10 steady the market. Then came
a general thaw, causing the snow 10 disappear
ana bringing In reports from kanfas sud Missouri
mat the winter wheat fields were nothing but
zig ponds The Weather Bureau here had its
Oli2lafd lag LYING and visions OF ice and ruined
crops put the shorts Ia little panic directly
The war rufnors, too which the "Dulls'' had
been praying for they had with vengeance All
this sent prices sailing. and the feeling was ram
pant. Country lambs" who never come in ex-
Cepl on rising market. wired their commission
bulge Kent sold out, and IL wss his holdings
which hlIcd the demands OF the crowd and out.
sicers, but IL was done so quietly and through 80
many brokers that not half dozen beyond those
interested knew anything about IL until
the thing was all over. After the grain
had been scattered. however, IL began 10 dawn
on the boys that The support which the market
had had was gone. and when Baxter. Armour's
fsyorie broker. began dropping his stuff the stu
alton didn't look halt as bullish. The weather
was still chilly. though few fakes OF snow came
selling down occasionally. but advices from the
Carnage was manufactured by Longs" IA those
markets 10 help themselves out Gables were
strong but there was a suspicion tina. they were
only the rejection Of our own markets Tue
news also. which holders had wished for 20 eager
~ the more they thought of IL. didn't seem TO DC
OF much consequence In the wheat situation after
al, linen, too they began figuring on the next
visible supply, and estimates OF the increase an
that were anything but encouraging. rush was
made 10 sell out, but nobody appeared TO want
the wht at, and the crowd was forced 10 unload on
each other, and prices went Gown ruling SUNNY
10 the close. Some believe that Kent and his fo-
lowers have again gone short, and viii work fof
cecliDe; bu. now. a. heretofore, the opinion of
the best operators Is that quick traders will De the
winners in this market for some time. and that
people at distance sand but little chance
Prices" said Hamiil, Twill be likely 10 Jump
about pretty lively, going I'D on cron scsres and
Gown on something else, with heavy Spectators
milking both wayg'
Corn has followed wheat bu, within a narrow
limit The pr ncipal influence has been receipts.
These are larger, but the shipping demand has
though railroad officials say there is a flood of
gisin IN the country only waiting car room TO
come forward.
Provisions alone have stood 10 firmly. and
slowly but steadily advanced ia spite OF light
trade ard he weakness OF surrounding pits.
The hogs coming in are lev aud poor, and the
mOUr is under mess PORK sgain. There j. no mar
ket how ever. which is 80 easy OF manipulation
that OF provisions, aud many conservative dealers
advising their friends TO let them alone, and.
above ri, not be caught short