The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-02-01
SPECULATION IN CHICAGO.
The Markets, Like the Stone OF sisfphua.
only Boosted Up to koII Down
Again-Desperate Gamblers.
Special 10 the Sentinel.

cpetlk4 70 the ceEtlucl.
CHICAGO. Jan. si.--The markets en- 'chsnre
during the past week have again shown something
OF their old time life and activity but 1t has been
at the expense OF materially lower prices ali
around.
Wheat started weak aud heavy, with Gyp Ad-
sns Nat Jones and their followers selling freely.
bat the balls manfully fought against sny decline
and oountrymen, contrary 10 their usual custom.
doubted their purchases at each fractional DROP
encouraged by the belief that Tuesdays visible
supply figures would show decrease. This. how
ever. they failed to DO. II fsct they denoted that
during the previous week supplies had increased
something over quarter million bushels. and the
market broke al TO pieces IL consequence. En-
courased by this the bears nave kept up
continual pounding ever since, and. aided bs
dumping on stop orders aud the throwing Of
weak bulls they have succeeded IN pretty
thoroughly demorsiizlng holders. and all but the
strongest bulls have been shaken out. Prices nave
huc usted sharply and widely, but esch dsy
,ouches a lower point than before reached snd
toward the finish tie principal buying was by
shorts covering at q profit The outlo.x GOV
too Is not thought 10 favor much imprOTc asat
AID many are predicting lower prices fsr My
uan have yet been recorded The fac. that The
consumption and increased exports shows thst
the stock OF wheat ia The country pc, very large
Toe weather r 'Scomtng mlide- End with the
ember.o O.. the railroads Removed much nes-,er
ieCeip's are looked for lt will taSe something
sensational 20 check The enth usiasrn OF the bears
wbo are again becoming rampant ia their convic-
ton OF wonderfully low prices In the future.
With long spell Ut warm weather 10 remove the
c1Tefirg OF snow from The ground rnfa- rsbis
crop reports mey again be expected snd vii ,er-
h'Fs supply the fumulns NEEDED 10 turn me mar
ket for smother advance.
Niinlmec says To- night: at Is en- unr2r-ain
KIND o. market aud will lie difficult e. nd -uc-
sully. regard sales made on bgises or pur-
fhstes Or eFeaks as standing aD)u equal chance
o. winning
ALotbes trader ss5S: "Tbe market is so heavily
'sbcrr that il viii lac impossible 10 even Hp with
cut q big bulge. and suy actual damage - tie
eTowing crop would set things soaring
When ihs feeling is weakest IL = often Just the
ne when some strong hand taxes b.ld sid
kcnt - believed 70 be s,iI u3der the market and
ale Baxter and Bliss
Com nas been depressed on sccDalt al tho
restoration OF freghts East TO TIE old pool rates.
the lrice paid IN Eastern markets. Tie ecaersl
opinion gems 10 be that corn can't 60 up much
with wheat 80 heavy. aud VIII not decline much
with suck small receipts. Everybody l. XDecting
ircre ase but for some reason IL does come.
AZ the start hog products seemed inclined to al
vance under deCgeased receipts At the yards and
the reported very heavy shipments OF meats, but
the weakness In surrounding markets proved tor
much Tor the boys. and provisions gave way IN
sympathy. Trade Is light, and the cash demand
SHOWS signs OF letting up. 30 that with continued
weakness IN the cereals many expect further de-
cline IN products Packers now. however, have
any downward movement while spectators have
TOO vivid remembrance OF last years eN perieno8
10 get heavily short on anything In the proris-
ion line