The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1886-04-21
cHIcAeo's SPECULATIVE TRADE,
Wheat Ruled Dull-rhere Was no Special
Change in Corn, While Provisions Were
Weak and sluggish.
Special to the Sentinel.

Special to the Sentinel
CHICAGO, April 1.-THE wheat market on
Change this week has ruled rather dull. The re-
cent bear arguments have apparently exhausted
tneir force, and the bulls, being without leaders
and broken By years defeat, have not yet mus
tered courage to boost the deal. TIE crowds who
have made much money on the 'short" side
can not believe that the grain has any merit, and
ridicule ali favorable reports as the efforts of I'M
fortunate holders TO get rid OF their loads Larger
Southwest, and those threatened elsewhere,
together with fine crop prospects, and the arrival
Of the time when half cent per bushel will be
items which they can appreciate and
act upon. Hence every little bulge is met
by deluge OF grain which knocks all strength
out OF the market before the upturn gets fairly
under Roadway. Even the Minneapolis millers
who were rampant bulls when prices were l0c
they resorted to ther old sc tGc aSa Ps
bury and the Washburns announced that they
were about to close their mills in sheer despera-
ton. the demand for flour being lifeless. They
must have thought better of it, however, as they
continued grinding up the grain.
After ALL too. the course of the market now de-
ponds chiefly upon how the toreign demand pans
out Stocks abroad are diminishing. and so are
current deliveries by British farmers. Whether
OF owing to poor PROSPECTS t eas na
be said. A quantity OF wheat aggregating
over 100000 bushels is now starting from our
lake ports toward the seaboard. Whether it OF
any onsiderable portion of it has been bought for
direct shipment abroad is disputed question. If
it has not been bought large proportion OF the
men who executed the orders and ''worked" the
grain have been deceived aid the principals must
have been sold against every buShel purchased.
II they did this and the eastern movement turns
out merely shifting about of the visible stocks,
there will be rejoicing in the "bear' camp This,
however, seems scarcely possible. Prices here are
relatively way below other markets and on q
profitable shipping basis. Cables declare that no
country in Europe has the promise OF an average
crop in 1886, and these explain the
fact that their markets have remained
firm and even advanced trifie while have
declined some 15c. The decrease in stocks in
sight this week Is expected to show up equally as
heavy last, and it Is said that Baker Lester and
other dealers, who are favorable to the "long'
SIDE are now working with the b a in order that
as much grain as possible may be moved before
any advance occurs. The May deal is by no
means liquidated, and May 1 may develop some
surprises in the disposition OF the cash wheat.
should the grain bought for delivery on this aud
the following month prove to be on foreign &C
count. values will doubtless advance sharply. In
any case bottom can not be far OFF.
Corn shows no special change, although trade
is peeping up little since navigation opened.
stocks are moderately on the increase, and the
quantity in cribs is large enough to provide for
fair summer movement 1t is a scalpers' DEAL
Provisions still weak and sluggish. Stocks
OF product are large, and the summer run of hogs
has started at rate which argues liberal supplies
The cheapness OF beef too, depresSeS pork.