Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-10-09
ON CHANGE.
EIUc:usslang In Whsas Prequsns and
YIoIeDf-The Closing Prices Slew
Beeiina far Ali SsnsbHs
Spot Cotton Unchanged-Fusur-s From,
ole TO Eleven Points Lower-Ltve
Stock TRANSACTIONS Brisk.
DAILY Review.
GAZETTE OfEIor,
EnE- MdHTR. Iu1 Oct 6 1873.

GAZETTE OfFIon,
Foz- WoRTa. TEX. Oct. 8, iSes.
The trade Of the first day CT this week
mas been such IS to give promise OF 8
good business throughout the week, both
Retailers and wholesalers having been
favored with heavy and numerous orders.
Wteat msintsins Its grip en- the 81 90
notch, but there has not beena great deal
marketed to day.
Cotton is weak st the old quotations,
the range of prices paid on this market
today having been sbout the same as on
was few points below those Of the last
days CT last week.
Produce Is scarce and becoming
more Sc. As stated on Saturday,
The prices paid this morning were
81 advances on butter and eggs
With poultry barely holding Its own. Eggs
are to day worth Is butter Il: sad
chickens range from 81 2592 40; turkeys
soc each.
Drug de5lers have pnt lipseed oil up lc
per gallon sud turpentine is held firmly.
Ccff5a keeps moyiIg up. Note changes.
r )ss!ed braGds, not quOIed, are advanced
smother J..
Fail quotations OF coal are given to-
| day.
Cotton saed stock is oeirg manipulated
for higher prices. Al current quotations
purchasers sbould be careful 10 see that
they get cotton and not croton Oil for
their money.
| WHEAT CORNERS IN TIE PAST.
| ApropUs Of the present excitement il
! wheat the Chicsgo Diily Trade Bulletin
gives history OF the past corners In the
cereal. The Bulleiin says:
| A reminder CT old "corneI" days may
be Of some interest during the presen.
exciting time, especially to many traders
VINO, new on the door, have never wit
messed such maneuyers; and we have
carefully locked up in the files OF the
Chic6go DIily Trade Bulletin some o. the
renowned and historical "squeezes" oi
dtys zone by.
1SS7-On May le Of that year prices
reached $2.S5 for Nd. 2 sprlng, and the
market then WAS described SIS being In 6
few hands and condition withouS pre-
cedent, but declined to and closed a,
s216
18TH August OF shat year "corner'
was run during the nrst half OF the
month, snd the price advanced from IS!
to 81 %, but declined 10 s1lt. During
the latter ha,f Of the noun another st
tempt was made, but the combination,
after advancing the price from 81 023 &c
81 80, sold out on the lsst day, and Inc
closing price WAS 81 log.
1872-In Angus. OF th4t year prices
were advanced TO 81 81 on al attempted
"sQueezs" or "corner," this price being
reached on the 18th snd held above 81 A
through the 1874, but on the followirg
day collapsed. selling OF to $l.l0 and
closed st 81 10.
1SS0-in that year ''corner" WAS run
rs early IS May, the price being held the
entire month at 81 IL to $l.l9 and closed
ct II IA.
lSSl-August Of that year witnessed q
"corner" Ia which the price WAS advanced
from OIL ls to 81 SO, and closed as the
latter frure.
| 1s82-Was memors ole year for "cor-
ners One was run In April, when prices
ruled within 81 32sl AZ the entire month,
and closed st 81 ~, though 81 81 was
f1sd by ommittes as settling price
Ii June smother "corner" wss run and
prices held within the range Of ST. 262
$50. aud closed st 81 So In July lhe
third "corner" WAS run, at prices that
month ranging st 81 26@l IS, and closed
at OIL Sc In Sept. N Der another and
fourth "corner" wss run, with prices
ranging from SIC to 81 0s, and closed
81 0S. A curious fact in connection with
these "corners" was that each Que was
run within 6 10 cent. range, showing
there must have been some systemsticsl
and srithmsticsl cipher:ng 20 bring shout
such uGl!orm results. This was the lsst
year OF successful "corner" previous to
the one Just ended. 1t was sc this time
that sde proposition to change the rules,
making boto spring snd winter wheat
deliverable upon coutrscts, WAS adopted,
ard went into G # &c. June l. Previous to
that the speculative trade wxs No. 2
spring, and spring wheat only WAS de-
liversnle on such contracts.
| 16S7-In June CT Mat yesr sn attempt
was made to corner the market by Gin
cinnati combin stion, and prices were sd
vsnced from sos; t. 944c, ous on the l4;h
the market collapsed Tor want Of coliat-
eral, and prices declined until CSC WIS
| reached on the 21st.
L! Is six years since corner in wheat
IVES successfully carried through TO the
close OF the month, with the exception Of
the present one, snd little over one
year since an attempt to do SO proved q
disastrous failure.