The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-04-20
CHICAGO MARKETS FOR THE WEEK.
Spectators Go wild on European War
News and Run Prices skyward, Only
to Fall TO the Starting Point.
Special TO the Sentinel.

CHICAGO April IS. - The wheat market on
Change during the past week has been a dupli-
cate OF the two preceding ones, as far as excite
ment and irregUlsrity are concerned, Allowing
mob has filed the pit each day and rushed prices
up and down as outside news was Of bulllsh or
bearish character. At the start indications were
thought TO all point toward war, and every mem
Der of the crowd at once developed q fulLgrOwn
pair OF horns. Then, altogether. they tossed the
market skyward and quotations scared way up, as
1t seemed impossible to satisfy the wants of local
SPECTATORS let alone fill the demand OF outsiders.
The visible supply was about 10000 bushel less
than at the time of the last statement, but very
few traders stopped to even glance at the figures
or, If they dld they forgot them instantly aud
struggled back into the pit 10 buy on
wsr news; The bulls enthusiastically
some even mentioned SL2j. suddenly, however,
English cOnsOls became stronger and cables less
ssngulnary IN tone crop reports were untayor-
able as ever. but the weather, though miserable
warmer, and kilograms reported rains on the Pa
cifc slope as well as In the West and Southwest
Instantly the feeling appeared to undergo a com
plete change. Buyers called a halt and quickly
commenced realizing, while sellers came to the
front with rush; Everybody sold, and everybody
sold so peraistently and heavily that II impOs
sible TO name the leaders, though Norm Ream
YVES particularly noticed rs dumping long grain
in huge blocks, while Bodman went short. Away
went values on the down grade, apparently find
Ing the road much easier TO travel for having been
gone over so recently. There was drop, as II the
market was going all TO pieces, when il was sud-
denly brought UP with a sharp turn by the rumOr
that Russia was negotiating war loan. This story
of course without foundation, but 1t served to
bulge the market just the same.
Perhaps the most noticeable feature OF the mar
ket this week has been the uniformity with which
the lighter class CT spectators have succeeded in
getting IN on the winning side. Losses have large.
ly fallen on The professional dealers. These now
generally bearish and seem determined to
shake out cOuntTymen who are inclined TO take
hold on this depression. Without war drums
they may be able to do IL but conservative men
believe the gram IS resting very nearly its
its, especially the market is believed TO be he5y
lily 0veHOld.
IT'S splendid time for the agile scalper to get
rich, but this churning up and down on false
forts and vague rumOIs Is killing healthy trade"
remarked ]. w. Bliss
Corn has developed no new features. Heavy
shipments and small receipts are the order of the
day. Lester is buying heavily ana 50 is Ream, and
the talk OF a squeeze. which at first was regarded
sensational, is gaining believers. Prices follow
those Of wheat but react much quicker after
down turn.
Provisions have ruled slumpy. Receipts OF hogs
are too large to make product an attractive deal
for the boys ana trade is small. Holders are the
chief sellers.