The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1886-05-05
CHIcAGo'S SPECULATIVE TRADE.
Wheat Ruled Weak, Corn Moved Freely,
While Provisions Were Quiet
and steady.
Special to the Sentinel.

Special TO the Sentinel.
CHICAGO, May Wheat on Change this week
has been very sick deal. The army OF little
holders OF May option VINO have for months been
struggling along in hopes that something would
turn up to help them out have been unloading.
Some Of them have bought again for more remote
delivery, but the majority have abandoned the
market 1 disgust Then, too. the fine growing
weather and labor disturbances have been sufi-
cient 70 unnerve many CT the bulls, and cause
general waiting policy until 1t should be definite
ly known what delivery day would develop. St.
Louis has poured in an unceasing stream of dis
patches relating the glorious crop prospects OF
the Southwest, and claiming that the
gram was already heading. out in
the last, however, the CHIEF bear feature
seemed 70 be an all-preyaeing fear that the labor
agitation woulo grow to such proportions after
country. This uncertainty has unguestionably
tended 10 generalization in lines OF business
tation. Public cables nave continued strong, and
although those which have altered through New
York exporting houses ana whose especial prov
ince is 10 be weak and sick at ali times have de-
clared that further drop OF at least &c would be
necessary before the foreign movement would
amount to anything, buying by exporters has
been pretty fair There are numerous orders in
New York and here also with limits but little be
low current quotations. Nominally they try to
buy as cheapiy as possible, ana they se1d such
orders in hopes that the market may dip
down to them. Values probably Just
about on working basis, and a slight decline
would doubtless cause very free movement. Re-
ceipts at primary Western points have been very
light, and with lake charters unusually heavy
signs of a revival o. outside confidence are not
wanting. New FORK orders, which have so long
been on the selling side, generally to buy,
and NOereshaffer, Henry Clews, Wallace. and
other Wall street parties, have taken hold freely
through Lester and Schwartz * Dupee. The visl-
bile supply is not decreasing fast enough TO suit
the views OF those who have looked at its magui-
tude as the chief reason for lower prices during
many months past. II is undeniable that large
part OF II is in motion and the bulk OF that which
uoauy going into consumption, But
and as consequence there are still over 100000
bushels OF wheat staring traders in the face This
fOrbiGs any sharp bulge for the present as it is es
stntial to the heAlthfulness OF the situation that
al the surplus possible of the old crop be got rid
OF before the new one begins 10 move. Hence the
outlook still favOTs scalping deal
Corn is moving more freely. The farmers are
not delivering much, but great deal was cribbed
during the winter and most OF that was sold for
delivery during the early summer months. The
supply Of this may be sufficient TO Keep the mark
ct down, especially as the Eastern markets can
not be expected to show buoyancy until after the
distribution of the load carried that way by the
first fleet of the season.
Provisions have ruled quiet and steady with OPP
orators awaiting DEVELOPMENTS.
Deliveries of pork and lard were heavy and it is
the general belief that the stock of product IN this
city is even more concentrated than Il was before.
Hog receipts are large.