The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1885-02-04
SPECULATION In CHICAGO.
The Markets, Like the stone or sisiphas,
Only Boosted Up to Roll Down
AgRin-DespeTate Gamblers.

Special 20 the Sentinel.
CHICAGO. jan. Sl.-The markets On Change
during the past week have again sn something
OF their old time life and activity but it has been
At he expense Of materially lower prices al
around.
Wheat started weak and heavy, with Gyp Ad-
ANS Nat Jones ana teelr followers selling freely
but TIE bulls msnfulIy fought against snF decline
and ccunlrymen, contrary 10 their usual custom,
doubted their purchases at each fractional drop,
encouraged by the belief that TUESDAYS visible
supply figures would show a decrease This, how
ever, they failed TO 90. In fact, they denoted that
during me previous week supplies had increased
something over quarter million bushels and tae
market broke ali 10 pieces IN consequence. En-
cOuraPe1 by this tue bears have kept up z
continual pounding ever since, and. aided by
.oumrIng on stop orders and the throwing oi
weak bulls. they have succeeded in pretty
thoroughly demOrsiiziog holders, and all but the
stTcneeEt bulis haVe been shsken out Prices nave
tucuated sharply snd widely, but each day
touches lower point than before reached Enf
toward the finish Tie principal buying was bv
"sbOTIs" covering AZ profit The outlook nos
too j. not thought to favor much improvement
sUd many sre predicting lower prices for Nay
than have yet been recorded. The fact that the
supply continues so large in spite OF increased
consumption and increased exports shows thst
the stock Of wheat IN the country IS yet very large.
1ne weather IS becoming mllder and with the
embargo on The railroads removed much heavier
receipts are looked FOR. IL viii tsEe something
sensational 10 check the enthusiasm OF the Desrss
who are again becoming rampant in their cOnvic-
ton OF wonderfully low prices in the future.
with long spell of warm weather 70 remove ths
crop reports may again be expected and will per
nap supply the stimulus needed to turn the mar
ket Tor smother advance.
Mllnimse says tonight: at is an uncertain
kind OF market, and viii be difficult to ride sue
cessfully. ! regard sales made on bulges pur-
Gbases or breaks az standing about an equal chance
OF winning"
Another s6er says: ffrhe market IS so heavily
short that il VIII be impossible to even UP with
Out big bulge, ana any actual damage 10 the
growing crop would set things soaring"
When the feeling is weakest il Is often Just tho
time when some strong hand takes hold sid
Kent Is believed 70 he Elll under the market, AL
so are Baxter ano Bliss
Corn has been depressed on eccount OF the
restoration Of ireights East to the ola pool rates
which was equivalent 70 a reduction OF 293c "a
the price paid IN Eastern markets. The general
opinion seems 10 be that corn can't go up much
with wheat 50 heavy. and viii not decline mucA
with such small receipts. Every body is expecting
an increase, but for some reason IL does not come
At The sisrt hog products seemed inclined b sc
vance under decreased receipts al the yarus ana
tbe reported very heavy shipments Of meats, bot
TIE weakness ia surrounding markets proved TOO
much for the boys, and provisions gave way IA
sympathy Trade is Lght and the cash demaue
shows signs OF letting up, so that with continued
WeaEDess in The cereals many expect further de-
cline in products. Packers now. however have
their cellars full and interested IN preventing
any dOwnWsTd movement, while spectators hsve
TOO vivid remembrance OF last years experience
10 set heavily -'sh0IF on anything In the pEOTN-
ION Lire