The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1886-03-31
CHICAGO MARKETS.
Wheat Active, Corn steady and Provisions
Dull.

spt cial TO the Sentinei.
CHICAGO, March 27-Wheat on Change this
week has been an active and excited deal. The
volume of business transacted has been large
larger than at any time within the past six
months. and fluctuations in values have been
sharp and wide. Free dumping of "long'' wheat
continued on the early days, great deal OF stuff
coming out which had been bought for invest
meDt when the May option was around 90c aud
statisticians were talking short crops and proba
bic wheat famine. Pilisbury Holmes, Barnes and
other dealers, who represent the Northwestern
understanding interest. threw over some, big
fully 5@Sc per bushel. The bears"
encouraged by continued success, were
raided the market continually They were aided
By the general labor troubles throughout the
country, the railroad strike in the Southwest and
the riots in St. Louis Foreign markets, too, were
depressed and stocks in sight showed a very light
decrease, while the weather was warm and spring
like Hence. the conviction soon became general
nobody would take off our hands. and another
harvest scarcely three months distant prices must
the Selling and on Wednesdayp quotations touched
the lowest point OF the crop year, May being Of
fered at 79hc. From this figure
het the vas amount Wheat aoat on for the
united Kingdom and continent showed a net de-
crease OF about 100000 Du. The bears declared
this shrinkage to be due to a scarcity OF ocean
tonnage and free deliveries. on the other side.
Cables. however, improved and the fact was
their representatives had been buying on the
break quite literally for May and June delivery.
It was considered significant also that English
markets while not sympathizing with our break
had frmed up on the first sign and returning con-
fdence here. Still the crowd took hold only in a
half-hearted sort of way and prices did not ad
vance with any show of yigor Shorts covered
extensively and the trade evidently de-
served a boom. but was sadly lacking
in the faith necessary TO bring one
about. Some foreign houses say that the market
Is now on an export basis, while Others declare
their orders are limited at fully &c below current
figures. In the flour market shippers have with
drawn their previous bids, and concessions at l5@
25c would now have 10 be allowed to effect safes.
Estimates on the visible supply next Tuesday put
the decrease at about 100000 bu., and this may
be the entering wedge OF rapid shrinkage, as re-
ceipts have fallen to minimum. Still. the feel
ing is very nervous, and until general business
becomes more settled sharp turns are likely TO be
the rule.
Corn has held very steady, the strike having
caused big falling Off IN receipts. Shorts COW
cred actively on the early days, but as the outlook
seemed to favor a settlement, the reflection that
when traffic was resumed they would get three
weeks supplies at once, greeted their faces.
Provisions have ruled VERY dull, but light re-
ccipts Of hogs have kept the feeling strong. Even
now the price of products Is relatively much be
low the price OF the live animals.