The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1885-05-06
CHICAGO SPECULACIyE MkRKEr.
Ihe Market Broken Up by the Removal
of the Board of Trade to It's New
Quarters Business Features
Much the same as Here
tOfore.
Special to the Sentinel

Special to the Sentinel.
CHICAGO, May 2.-The week on Change has been
badly broken by the removal of the Board OF
Trade into their magnificent new quarters, the
holiday OF Wednesday for the dedication of the
new building and the general hubbub and over
turning incident to the change of offices by nine
teDths of the brokers here. Thursday the boys
got a chance to try tneir voices in the lofty new
hall, and they yelled as they never yelled before
just to see If they could not start crack some
where but It was all solid.
The prominent features of the weeks market
have been much the same as those of the three or
four preceding ones. Everybody has again given
all their time and attention to watching for the
slightest news from the other side pointing toward
peace or war. Dispatches have generally been
considered rather more belligerent and conse-
ouently the ruling tone has 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, 8 mucn
greater advance would have been recorded had
not the continued heavy realizing by conservative
"l0ngs" kept buyers filed up. Still the sentiment
OF the crowd seems 10 nave undergone another
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 few
thousand bushels OF wheat in preparation for it:
Countrymen too, have caught tue fever and
placed their savings on the bulls side.
The decrease in the visible supply was about the
same as that shown by the previous statement aud
excited comment. 1t han been anticiD ated
This week, however, the movement throughout
the country has been more brisk and larger
skrinkage is expected. Crop news is not so
plentiful as it was two weeks ago, and as moth
ing is now heard from the many acres OF fall
Eo@n grain which were reported entirely dead, the
supp0siti0n is that they N sde q better showing
when the graes began 10 get under way.
AS before stated intelligent forecast of the
future course of the market can be attempted un-
til something definite is known regarding the
situation abroad. So long as the deal hinges on
war nothing can be said which the appearance of
a new factor IN the field may not render utterly
valueless in an hour The market is nervous,
feverisn and responds readily to The sengeleSs
rUmols constantly current the floor 5 an
operator remarked this morning: "He is fully
liable TO win who invests blindly as he who
studies for days on the situation" There Is mora
grain in sight than before at this season but
sexual fighting would make il light load while
should peace result the material improvement in
the crop outlook may give the bears the sd-
vantage.
The recent vote of the Board to hereafter accept
trades as small SIS 0o0 bushels OF grain AID fifty
packages of provisions, having been followed by
Teiusal to admit the Western Union wires In the
new building, and the consequent destruction OF
majority oil the bucket shops, seems likely 30 at
tract into regular channels large share of the
trade heretofore enjoyed by these institutions.
Commission men report no end of inquiries
gaIding small dealers, and special arrangements
have been made on the floor for filing such or
6ers
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 "A
sure thing in New York. where the entire stock is
less than million bushels. Here the Lester
crowd have bought steadily throughout the week,
ana Notwithstanding the assertions OF the bears
10 the contrary the short interest must be large.
Provisions are lfeless and many think that
should there be war IL would actually cause
break in product hogs come in freely.