The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1886-04-14
cmeAoe,s SPECULATIVE TRADE
Wheat Goes Down With "A Rnsh-COrn
Es5eIy stsassy-Previsicns Featureless.
Special to the seDIrel.


cnIc.GO. April lO.-Wheat on Change this
week touched the lowest point at which il has
sold on this ercp. For some time past talk of
GTseeo-Turkisb war ard the possibility OF other
European complications has been the main sus-
taiBjDg factor OF ;be deal, and when 10 was an
ncuneed that this windy dispute had collapsed
and English eOnsols took upward jump, Norm
Rtam, Jack Cudahy, Jones and other big bears
mode drive ct the market here, carrying il
down With a rush. A tremendous amount Of
'.ioDe" wheat was brought out on local account,
and The clique OF Northwestern spectators, who
have sbeir head. usrters ct Ainueaooiis, aud who
have for some time been making an unsuccessful
gtitmpt 10 ohii prices, became disguised.
They dumped all the wheat they owned here
ebd tlen SOLO agai nst what they owned in the
EoghWest. and II was said even against the -four
they bed ground. Alexander Mitchell lei go al
be block OF grain which his bank Ut Milwaukee
bad oteD carrying for months, aud country hold
eEs we're shaken oat almost 10 a man II was not
uuF1l aIter decline OF over four cents that The
desI stesdied itself Then there was q small reGe-
ton On sak OF large export purchasers a. the sea-
ooaso aDd The working OF several good sized
nervous. There was general belief that it wOu'd
be pretty bad seeding for the bears II they g.
Of bJs were ne T xTv out t3e ne% crop
DC eabDous.N his weak feeling is in part owing
70 hiRh ireigbt rates ard the increase IN
ever explained by the fact that Deko:a assesses
q tax or ell grain held by her farmers April J. If
Ibis JS TIE correct explanation there should EeTe
alter be marked change in that direction.
1eanW lille the Old world seems paint toward
strength. CleaTances from the seaboard nave
been The largest for considerable period, end The
fact that foreign markets have remained firm iii
spite or our weakness indicates that they are
about as low as they can get. In fact, the situa-
ton on he other side is believed to be on q more
leg1umete basis than at any previous time since
1SS2, when English quotations were some three
se5fiintss higher than now. On the other baud,
The weather IN this country is warmer, and rs
every fine day now counts 70 the advantage OF the
growing winter wheat and hastens the sowing of
the spring grain This is likely soon TO be big
factor I'D making the market. The majority OF
The short lines were put out considerably ADORE
fFe fFrSf " range, and IL WILL therefore, he diff
Snts 70 -T1ebten the bears into covering. Yet.
SeRler remeIk ed this morning il is not ususl-
ly IIcb'Gble 70 sell wheat directly after big
Dfeak.
CoTD is barely steady. although the increase in
stocks 10 sore during the last nslf OF winter has
charged 20 material decrease in the visible sup
ply The February bulge. however, set in motion
towards the seaoO6rd such quantities of grain that
q glut has been caused. Rail shipments are dis
ceBrsged BE- the attitude of the trunk lines and
yexspl room is scarce. The opening OF navigation
should cause material change in the situation.
Provisions have developed no new features The
ron OF Dogs is very Irregular owing, doubtless, to
labor troubles in the Southwest. Prices all around
are generally considered too low to invite selling
and yet there is nothing at present on which 20
base en- advance.