Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1886-02-25
WHEAT AND CORN.
Empty Grain Tinsvk France and Ger
many Force Them 10 Replenish
by Foreign Purchases.
tndia wheat offered In England Below
Any Price United states Can make
-.Ftrm Feeling in Corn.
sneclal % INC esaEette.

Special 70 the Gazette.
Curcsso, Ill, Feb. "a The ftdalls'
IN wheat on 'change display more conh- /
dence than for long while, and base
their purchases on Z belief that brisk !
export demand is soon to be leading
factor In our market. Foreign markets
at present are sirnply quoted FIRM, with !
no material change In prices, but private (
cables are of more encouraging tenor,
and some large lots have recently been
taken for shipment. II is claimed by
some that this buying was by certain
heavy ''longs" for the purpose OF bulging
the market, and that the grain will go out
ON consignment and not on orders
Holders, however. argue that unless II
ehould prove that the purchases are with
no intention OF shipment the fact that
the wheat Is renewed out OF the country
remains, and Is the important point, after
all. II Is said that some OF the grain was
bought at g43c, which, on the present
basis Of freights, appears a falr margin
70 shippers. Export horses are certainly
buying futures, both here and ~ the sea-
board, more literally than for many
months. The continental demand, IN
Itself, Ii regarded as significant, when II
Is considered that during the crop year
both France and Germany have, by the
imposition OF almost prohibitory duties,
greatly restricted their Imports. Natn.
rally they have used their domestic sup
plies nrst, but now advices from both
countries disclose that tier bins are
about empty and that they must replenish
their stocks by foreign purchases. The
bears, on the other hand, claim that the
wheat required abroad will not be drawn
from the United states. They declare the
crop In lndia Is abundant and That IL Is
now being offered In England Tor future
delivery much below any prices we are
able yet to make and only and Be higher
than the price OF May In this market.
The question OF crop calamity Is still
an open one, advlces from the winter
wheat sections being Of the most contra
aicfory character Some dispatches say
that the plant is yet unlniured, while 9th
6rs declare that irreparable damage has
been done, that the growing wheat has all
turned yellow or that everything above
ma below groundh has been frozen beyond
nope OF harvest. The weather Is GER
iainly trying ON the exposed
ilelds and the next thaw-out
VIII probably show more or less damage
on light clay soils There Is large
amount OF wheat owned by country spec
nlators, and they will Of course be dis
posed TO exaggerate all damage reports.
The winter wheat markets are firm even
when prices here are on the down grade,
and when we advance they keep full pace.
Receipts aud shipments show no ma
terial change from the recent average.
Adyices from the Northwest are conflict
ing, some dispatches stating that farm
ars and others declare they are on the
decrease. Supplies OF both wheat and
ilom at country points and in millers
hands are unquestlonably low, stocks be
ing concentrated at points OF accumula
lion TO an unusual extent. lead
ing commission house has compiled
the following figures, which are worthy
OF attention. ''Receipts of wheat since
August at the nine primary Western mar
kcts have been Gi,bao,0oo bushels
against $4,000 bushels last year
Receipts In Chicago were 1906 cars
against 81 1888 cars last year. From
August TO December inclusive lG,40l
cars were received, which IL was esti
mated would prove 40 per cent. OF th'
entire crop movement, which would leave
1000 cars TO be received during the re
manning seven months Of the year, TIVE
OF these months have passed, and the es
Innate Is so far verified"
Corn IL about steady, but the feeling |
firm, based largely on the excellen
shipping demand. There is, Of course,
suspicion that the parties manipulatin
the bull deal In New York ma
be stimulating this demand an
that IL is but temporary. Th
grading, howev er, is something eXtraol
binary, tbe5percentage OF contract grade
for the past few days not averaging owe
& and per cent, OF total receipts.
Provisions rule quiet but big liver
Ing up of trade Is looked for after I'll
close Of this month, which ends the wiz
ter packing season. Stone, the broker
has purchased several more large pacl
ages of May pork, and the crowd think
would be worth some money TO kno'
who he is acting for Gossips say that
certain big packer Is the principal an
that there Is to be "A deal run in Ma,
The quality OF the hogs coming forwai
Is still very unsatisfactory and the nun
Der for the week win run some six
thousand behind the receipts of the co
responding time last year.
Yn L,