The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-04-26
CHICAGO SPECULATIVE MARKETS.
They Have Been Unsettled and Fcverish--.
The Wheat Crowd Conservative Corn
Manipulators the Life of the Market.
speosal to the sentinel.

special to the Sentinel.
CHICAGO April IS -The speculative markets, on
Change, have never been more unsettled and
feverish than during the past week. At the same
time business has not been large in any article,
except corn, and manipulation has furnished the
life il that pit. Heavy dealers, who usually make
things active in the wheat crowd, have been rem
dertd eminenty conservative by conflicting re-
ports and the wide difference in the dispatches
from the other side together with the large mum
Der OF manufactured cablegrams which the New
Workers have made use of to scalp their Chicago
brethren. Ii there is war the price will certainly
advance, and If not down it will CO. and in the
present state OF uncertainty they prefer to await
developments rather than run the risk OF getting
caught. The visible supply showed another de-
OF something over 100 900 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 a
year. This caused many to think that the di-
minution was not such an item after ALL and since
then the market has been entirely a waiting one
with few scalping transactions going on all the
while 10 keep trade from coming to q complete
standstill. Crop adv1ces are rather more favora-
the bright spring weather and warm showers. At
Atlantic ports the export demand shows little i'm.
proyement, but the outward movement from the
Pacific slope has increased largely.
The market is certainly HARD one to predict
the future of, ana very few venture opinion.
The country is loaded up with all II can possibly
source. They have purchased partly perhaps on
belief in war, but mostly on crop injury and the
home situation. The sharp reaction from the
long strain, which would be sure 10 follow q dec
lg-atOn OF peace. wO1ld bring all these thousand
little parcels of grain on the market in Hood.
The countryman years ago margined up in good
shape aud stood by his deals but now he stakes
only what he is obliged TO in order to gain foot
hold IN the market, and never gets out until he
has bic profit or is frozen out usually the latter
The sentiment of the crowd. too, has undergone
another change, sud all the small fry are now
bears. They have watched and bought 50 often
on war runors during the past few weeks, and
these have fsiled utterly 10 materialiZs that
they have lost al faith in John Bulls quarrel
with the Russian bear, and nothing but actual
blood VIII convert them.
In the meantime the market acts tired. It needs
the stimulus of new blood badly. The country Is
buljish On crop prospects but prices have been so
long bois.ered up on the idea of that IL II is
withdrawn no other prop can be substituted until
she boys have had time 10 think II over. Hence,
in the event oil peace there is likely 10 be good
sized break before anT material advance. Even
the biggest bulls acknowledge this, snd are sd
visirg their friends 10 purchase on such turn.
Until there is something developed, toe policy IS
10 Al eD books balanced and wait.
Is there a co.ner IN May corn IS the question
the followers Of that cereal would Ike 20 have
solved. At the start everybody was certain there
was and bought accordingly. Then AL o. a su =
den Lester turned and sold the market DOM a
point or two. some said this was 10 shake out
IsileTs and get better hoc, while Others declared
il was simply the closing out of g00dslzec scalp.
The former seemed 10 be the correct view. A lit
tie later Baxter and Lester both appeared and Of
Tered 70 buy all the corn on earth. Now. to make
railroads centerine on the Missouri Riverin Ne
braska have started an immense line OF corn for
this market at very low rates.
Provisions are dull and without feature. Re
ceips Of hogs large. aud In spite of fair ship
ments stacks OF product keep ptling up. Spcculs'
sisa tzade u entirely iacktns IA VIM