The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-03
CHICAGO SPECULATIVE MARKET.
The Market Broken Up by the Removal
of the Board OF Trade to Its New
Quarters Business Features
Much the Same as Here
tofore.

Special TO the Sentinel.
CHICAGO. May 2.-The week on Change has bsen
badly broken by the removal of the Board OF
Trade into their magnificent new quarters, the
ho idsy OF Wednesday for the dedication OF the
new building and the general hubbub and over.
turning incident TO the change of offices by nine
tenths OF the brokers here. Thursday the BOYS
got chance to try their voices in the lofty new
hall, and they yelled as they never yelled before
just to see IL they could not start a crack some
where, but it was ali solid.
The prominent features OF the weeks market
have been much the same those of tue three or
four preceding ones. Everybody has again given
al their time and Sttention TO watching for the
slightest news from the other side pointing toward
peace or war. Dispatches have generally been
considered rather more bellgerent, aud conse-
Quently the ruling tone hes been frmer. Rumors
OF the most sanguinary character have been circu-
lated daily. although the majority have been
denied as soon as set afioat Indeed a much
greater advance would have been recorded had
not the continued heavy realizing by conservative
longs" kept buyers filed up. Still the sentiment
OF the crowd seems 10 nave undergone smother
change, and from being inclined to view the war
they have grown to regard IL as an established
fact and each little dealer has laid away q few
Countrymen. too, have caught the fever and
? sced their SAVINGS on the bulls side
Inc deerease In the visible supply was about the
e1cited no comment. IL had been anticipated
This week, however. the movement throughout
the county has been more brisk aud larger
skrinksee Is expected. Crop news is not so
Plentiful IL was two weeks ago, aud $ moth
ing il now heard from the many acres of fall
so Sn grain which We're reported entirely dead tue
supp0sition Is that they made q better showing
when the grass began 10 get under way
As before stated 40 intelligent forecast ofthe
future course OF the market can be attempted un-
I'll something definite Is known regarding the
situation soroad- SO long as the deal hinges
new factor IN the field may not render utterly
vslueless in an hour. The market is nervous
feverisn and responds readily 10 the senseless
rumols constantly current on the floor. AS an
l able TO win who invests biindly as he who
studies for days on the situation" There is more
grain in sight than ever before at this season bat
SEXUAL fighting would make IL a light load, while
the crop outlook may give the bears the ad-
vantage.
The recent vote OF the Bosrd to hereafter accent
trades as small as loo bushels of grain aud fifty
packages OK provisions. having been followed by
refusal 20 admit the Western Union wires In the
new building and the consequent destruction of
majority OF the BUCKET shops. seems likely to at
tract into regular channels a large share of the
trade heretofore enjoyed by these institutions
commission men report no end of inquiries re-
garding small dealers, and special Arrangements
have been made on The door for filing such or
ders.
Corn has ruled firm and higher. partly in sym.
patty with wheat and partly on its own merits
Cash grain IS In sharp demand to the full extent
OF the supply. A Nav squeeze Is thought to be
sure thing In new York. where the entire stock Is
less than million bushels Here the Lester
crowd have bought steadily throughout the week,
% the contrary the short interest must be large
Provisions are lfeless and many think that
should there be war 1t would actually cause 3
break In product Hogs come In freely.