The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-04-27

Workers have made use OF to scalp their Chicago
brethren. II there is war the price will certainly
advance, anu II not down IL Will go, aud In the
present state oil uncertainty they prefer TO await
Developments rather than run the risk of getting
caught TIE visible supply showed another de-
crease OF sometaing over 900 bushels this week
which gave the bulls considerable encouragement,
but some bright genius at once discovered that at
that rate the wheat on hand would last nearly
year This caused many to tank that the d.
minution not such an item after all. and since
then the market has been entirely waiting
with lev scalpirg transactions going on all the
while 10 keep trade from coming 10 a compete
stands;ill. Crop sdvices rather more faVora-
bic as would naturally De the case. considering
the bright spring weather and warm showers. At
Atlantic ports the export demand shows little i'm
provemeni. but the outward movement from the
Pacific slope mas increased largely.
he market Is certainly hard one to predict
the future o., and very few venture an opinion.
The country Is loaded up with au it can possibly
carry, and no support is to be expected from that
source: They nave purchased partly perhaps on
belief in War, out mostly on crop injury aud the
home situation. The sharp reaction from the
long strain, which would be sure to follow a dec
lsrsron of peace. would bring all these thousand
little parcels OF grain on the market in h)Od
The c0untryman years ago marxined up IN good
shape aud stood by his deals but now be stakes
only what he Is Obliged TO in order TO gain 4 foot
hold in the market, and never gets out until he
has Dig profit or Is frozen out. usually the latter
The sentiment of the crowd. too, has undergone
another change, aud all the small fry are now
bears They have watched and bought so often
on war rumors during the past few weeks, and
these have failed SO utterly to materializs that
tDey nave LOST all latin III JOnn Bulls quarrel
with the Russian bear, and nothing but actual
blood win convert them.
In the meantime the market acts tired. It needs
the stimulus of new blood badly. The county is
bdllish On crop prospects but prices have been so
long bOlstered mp on the idea of that If it is
Withdrawn no other Drop can be substituted until
The boys have had time 70 think il over. Hence,
in the event of peace there is likely to be good
sized break before any material advance. Even
the biggest bulls acknowledge this, and are ad-
vislDg their friends to purchase on such turn
Until there is something developed, the policy Is
to Keep books balanced and wait.
Is there corner in May corn is ne question
the followers OF that cereal w0ul ike 10 have
solved. At the start everybody certain there
was and bought accordingly. tn 1 All OF a sud-
den Lester turned and sold the market down a
point or two. Some said this was to snake out
talers and get better hold, while others declared
IL was simply the closing ont of gOOd-sized scalp
The former seemed to be the correct view. A lit.
tie later Baxter and Lester both appeared aud Of
fered to buy all the corn on earth. Now, to make
the situation more interesting. the rate war on
railroads centering Oh the Missouri River ia Ne
braska have started an immense line of corn for
this market at very low rates.
Provisions are dull and without feature Re-
ceiDts of hogs large, and IN spite OF fair ship
ments stacks of product keep piling up. Specula-
tVa trade is entirely lacking il vim.