The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-04-05
CHICAGO SPECULATIVE MARKETS.
Prices Down TO about the Figures Prevail
ing Before War Rumors Sent Them Up
Varying Frcm 80 sec.
Special 10 the Sentinel.

Special 70 the Sentinel.
CHICAGO. April On Change during the past
week the speculative markets have ruled nervous
and excited, but except toward the close when
few big operators took hand the trade has been
essentially scalper's deal. Prices were on See
saw and the umber OF times the market IS
travelled the ground from 70 TO SIC is so large
that the path has become hard and well trodden.
and the feet of the spectators slip back and forth
very easily. The rise sad fail OF oo1sols is still
watched very closely. but the general situation
may now &c saii to be not materially different
from what it ives before wa talk suddenly took
possession CT the minds of traders except that the
time when tee true condition of the next crop OF
winter wheat will be known is so much nearer.
The period for scare stories has passed aud
those who are tasing their trades on this feature
determined to keep In position until the facts
come out. So Far reports from the districts where
dsmsge is most feared have not been at all re-
assuring 10 Shorts and should the injury DE-
cTesfe the yield about one half, as some sdVces
low claim Ii will. stampede aud sharp bulge
will doubtless result. Otherwise the more con-
seIvaive traders seem inclined 10 favor the bear
side IL Is true there was decrease in the visible
supply this week, but it was so small in compsri.
son with the depletion that must take place IL
stocks are reduced TO any ordinary limits before
next hsrvt ST that ii had little effect on values IL
is supposed 10 be tho entering wedge, but that is
about all. still. while the crowd generally
sellers and tie heavy short" interest is mlcl
scattered il is 10 be noted that the huying lately
grain seems becoming concentrated in the hands
OF a few OF the strongest men here, such as Sid
Ken. n uold Hutch" Phil :, Armour; Leo
These men when thsy plscs their money
Usually ,lsy 10. Tor good CO. profit and
have taken every thing offered for that delivery as
well as for June. This may later attract an out.
side trade, and should a good speculative fever
TAX UOSSPSsiOu of the nit large stocks WOrr1
cially favored at present by the fact that the
port demsnd seems developing into something
more substantial than a shadow ", and che opaning
of navigation is at hand when the large quanti-
ties Of grain stored in vessels must be moved.
Again: the most vigorous bears are not talking OF
ment think wheat st 90c would be cheap
Csrn has been BADLY neglected. business on
may qsys oeihg sDsTeey mt TO Ism
oIesse, while every day brings the time nearer
when farmers and teams must be other
and the severe winter has induced a
free use of il feed aud fuel, so that many shop
men do not believe there is as much i'll the coun-
sumptiye demand continues brisk at steady rates.
but the probability is that the speculative market
will slowiy drag along about an even keel until
and few prominent men quietly get into corn on
one side or the other and make uD the trade.
demand and few lots Offering.
Provisions have heen more active. but packers as
yet DO not seem at all sverse to lower prices ana
Many shrewd heads, however, predict thai sne
day of settlement is not far off, Stocks OF product
are considered large, but when 1t is remenbered
this year than last il must BE- COME sed that the
stun has gone of remarkably well. Pork Is OF
course the favorte article but lard is receiving
good deal OF attention lately, aud business IN 1t Is
about as large SIS az any time since the famous Nc
Geoch deal paraly zed the trade.