The Indianapolis sentinel. [volume] (Indianapolis, Ind.) 1880-1904, 1885-05-10
CHICAGO SPECULATIVE MARKET.
Speculation Bias Been Fevorish and Ex-
cited During the Past Week-The
Usual Dodses Employed.
Special to the Sentinel.

Special to the Sentinel.
CHICAGO, May e-The speculative markets on
Change during the past week have been very
ieverish and excited, and dials being chiefly in
the way of scalping turns. With war eliminated
from the list OF Influences governing values and
consols cutting no figure. dealers have been en-
deavorlng TO adapt themselves to the change and
buy and sell grain on its merits The bears at
the start, were certain wheat was so abundant
that 1t had value at all If there was going to be
no fighting on the other side. They argued that
so much Grain had been bought and shipped on
war excitement which must be sold for whatever
IL would bring that big decline was likely
BliSsSParker. Bodman and Cooper talked soc be-
fore the week was out, while others declared 75c
shout fair price on the legitimate situation.
The visible supply did not show go large a
ing on country account, and short" selling
By such constitutional bears as Jones, William
hurry and Weber caused something of a sag
Ten spell of cold, wet weather gave the .'crop
killers" good chance to expatiste on their pet
bun theory. and indeed the news did come in
viously received. Missouri estimates said the
prospect was the poorest in the history OF the
OF last years crop Kansas adj vices said that moi
over 10 per cent was expected there while numer-
Gus statsticians were out with tables proving that
produce only about % pr cent OF a crop. Tnat
outsiders themselves took some stock in this talk
ing Orders 70 ne 1eceVed and local operator soon
Guided the market had been forced TOO low, Be.
sides a rally was in order after the big ''peacs'
break. and Walker * Co.. Charlie GiforS and Ed
Drives took hold for a turn. Anxious shorts"
bid prices mp. and, though business was
not particularly heavy, the feeling toward the
close was buoyant The bulls claim all tina. is
now needed 10 cause materially higher range of
values IS good increase IN exports. anu that
when foreign markets recover from the severe
shock received by the sudden chance from the
prospects OF great European war they will be-
come liberal buyers on the prospect OF q short
crop here. The recent large increase in specula-
ton keeps our very heavy stocks from pressing on
the market, end though IL must be confessed they
are not yet moving freely toward consumers. IL is
argued that The excess OF last year will no. nearly
make up for the deficiency OF this.
Corn has ruled very firm. Good jud1es believe
that at the present level II is resting it's merits.
while IL Is more than possible that certain strong
parties have the whole deal so '.coopered" that
they can rush prices up quickly. Lester and Ey-
eringham are always in the pit, and while always
apparently favoring decline. they
are the most eager aud prominent
buyers on any soft spots. The shipping demand
sell at premium of &C over June. The past crop
may have been, as was figured on. the largest ever
raised, but nothing has yet been seen of IL. and
unless present conditions are materially altered
there keema nothing 10 prevent corn from doing
better. Lester says every bushei is worth a hall
Provisions are dull and lifeless. Holders ara
packers Ill I'm their 'shorts' with the stuff thrown
over Receipts OF hogs still large. and foreign
mexke0 are dull and sick g our own. However.
IL = part Of the gossip that when the heavy traders
eee evened mp and outsiders are short Il wiz ~
tne 70 bay.