The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-02-15
SPECULATIVE MARKETS DULL.
The Poorest Week for sPecuIatiOn-rhe
Whole Weeks Business Often
Done i'm Day.
Special to the Sentinel.

Special TO the Sentinel
CHICAGO Feb H-It has been decidedly dull
week on Change. Speculative markets seemed to
be affected by the general stagnation Ia other
business, which the snow blockade caused. No
outside orders were received. big local dealers
kept Off the hoor and the scalping crowo soon
tired OF trying TO souge each other. HE
Pork continues to DE the feature 1t has been
firmly held, ana il values have not advanced much
it has been because no one has tried TO buy any
laree amount. II is noticeable fact that when
ever few bears attempted TO sell the market down
they found no difficulty at Gil, Armour and his
fellow packers seemingly Withdrawing all sup
port. but when these same sellers attempted to
cover and take profits IL was quite another thing,
ard prices shot up on them il some invisible
spring h ID been let loose. In two weeks all the
pork vi have been manufactured, which can be
delivered on contracts for the next eight months.
The weather has made this week production
next TO nothing, and 1t is certain the amount
packed during the remainder OF the month viii
fall very far below early estimates. All commits
sion men agree that II is deal II which there Is
little chance for outsiders TO win, whichever side
is taken .-ot
the market" said Bliss They know just now
much there is and where 1t is. Outsiders who are
selling haven't anv pork TO dispose of. and won't
have any TO deliver. They will find the packers
accommodating. however, snd ready TO take wast
money they have in lieu OF the product which
they haven't got III the boys turn buyers lney
will take care they pay good price, aud then
either run the market down and snake them out,
or they could even saddle them with the actual
stuff
Wheat has ruled nervous, but fluctuations have
| been confined to q very narrow range In the so-
sepce of striking features all kinds OF rumOrs
| whether true or false have been seized on, anc
have afforded basis for the slight daily change IN
prices. First there was little sag on account OF
4 the big fall and conseq uent olanketing OF
| the winter wheat plant. But the increase IN
the visible supply did not come up TO exPeca-
tons, and advices from the southwest said the
/ storm had not extended 10 the southern part OF
Illinois, Missouri and Kansas, and that the biz
zsrd had found the fields there bare. This caused
| a recovery, but by the time prices got back the
| story was contradicted and there was another
| drop. Then war news was trolted out from Egypt
| and from New Zealand. Messages from New
| MED them the next Between IL al there were
| soon more lockers on than traders. and the mar
| ket was pretty near at standstiu al Just about
| the opening figures. The fact is. as trader re-
| marked, more than the whole weeks business Il
| often done in 8 single day.
| Receipts on one day-Ihursdsy-weret the : o1a!i'
| est OF any day IN the history Of the traQe-ouiy
/ three cars OF spring wheat But II mad no effect,
route sno that II would be all In here in buuch
| some warm day, when the railroads gol tneir
| tracks cleared up
This Is one OF the lulls that generally precece
period of great activity, said broker, tonight.
1 at would not De strange II before long both Eu-
| rope and America woke up on the wheat situation
in Way that some peopls little dream o. now.
The supply Is indeed large, but the world Is both
| wide and hungry. and any crop disaster. which Is
not at ali improbable when the thaw comes would
put value on wheat that II does not now possess
| even in the estimation OF its friends
Corn is very quiet, and II Is likely 10 remain Sc
until il is definitely known where the DIX crop OF
last year has gone 10, or where II Is now hiding.