Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-03-30

THE MARKETS.
----
Spot Cotton stm Drops a Frac-
lion Daily.
-
FUTURES GENERALLY LOWER.
wheat 'o' Nay Delivery Falls hsats Sight
Cents 10 Eishl Minutes supm
end ocaos-Liv,sOch
Quotations.
CHICAGO PRoDT,cr.

Chicago. M. March 70 Not simon
lne lnmvus Nefshnw deal collnnse ,yhiet
grove score of firms into banknioirv
naS tlefe been such a sensational sconc
~ the chicago board OF trade AS took
Fm.e t9Qay. The price OF wheat for
10y uehNery broke Z Lie 10 about TINT
element Ia the trading pit Tie tailere
not the principals IN nerhnps lie No
sest CORNER ever attempted IN Chirifs
VIZ ltfegularly dumped and the ont
COME Of the affair has apparently uindr
= ut7perate uncertainty perhaps antttinr
LOT some time ~ come the course of thp
gram market the world over. Confuw,9
anu panic were So great as 20 mako if
Io5t impossible to trade BROKERS u.in.
pieu over one another no their parrrni.ss
70 execute orders. fought thmr wv ~,
tne crowded pit rs ~ eternal snivntinp
uepehucd on their getting there. mud
utef pushing pulling md almost sufo.
cauhB an the crowd that filled "a to lis
ushVst capacity, emerged i've minutes
WlerWafu physical wrecks. apnnrp1lv
lheir clothes awry. buttons on hats
hln9shyd' aud bearing In every nna,nrat
ihulc1lons OF the terrific mental strain
Wy mao been through. The suddcnness
wy p,S9N was the most alarming
lcNtNte' Wheat opened about ~ ills
informing, when the market fell of I'M
reacted aud seemed strong M Samr,sn.,
before ne yielded TO the hlaudishmeuts
on Delluh lt advanced steadily affpr
opening, To - 81 WHOM somo IF n,o
,n,lf shorts Ne Arthur Orr. Captain Phil
lps aud Ia Pardrdgc concluded ic
cover g portion Of their line.
a. The high price of the DAY Cudahv
VINO ~ regarded hy mpny as the king oil
the oull clique, dotted ont .OOOOOO busb.
es 70 Orr another 100000 bushels 10
lMllns ani about 2OOO.OnO bushels to
iardndge, giving 10 90 hungry shorts I'M
lots OF 100 10 200 bushels Offerings
came 80 rapidly aud in such unusual
quantity thm with the big shorts out
of the way, the market appeared ns M
shot through the heart and with a CON
Yuisive shudder, falling dead I'm it's
tracks. One theory IL that the big break
IN prices was due IN part, at least. TO
nave decided storage emergency ex-
lists. Extra emergency houses will now
he created as applications are made aud
as necessity presents itself The de-.
clsion OF the directors was reached last
night, but not generally known until
shortly before the break came todny
Friends of the bull clique aud many
others who were not posing as friends
scOfied 40 the idea that the storage de.
days operations. Taking this view, there
was a disposition 20 picture o1traordin-
Ory upset In prices as part Of the Ma
poeonic strategy of the bull leaders
When the price reached I0 cents. In
stantly the clique brokers changed front
aud under the leadership Of George and
Horny Parker took all offerings. In a
few minutes the clique bought back all
the wheat IL sold 10 break the market,
and added many millions more 70 iis
holdings. 40 that 10 the close Of business
IL looked as II u might land In about
the same position as before except TINT
In the excitement the great intermedi-
ate interest had been violently elituin
ated. The fight from now OUT " such
proves 10 be- the case. viii be direct be
tween the principals Of each end OF The
May wheat closed at 40 5-s, which is
about 8 cents below yesteday's close
and 3 cents above the bottom price
touched ON the morning break July
wheat sold within Il range OF about lc,
and leaves of only Bile under yester-
Chicago leading futures closed
Wheat March 75 7-Sc; May 70 o-Sd
3-4c: july q T-Sc.
Corn March 40 3-sc; May Al Bic;
July 81 3-Sfil-2c.
% o,ats-siuy 30 S-sdl-ac; June 30 Csc
July Doe, - an. t,.
SlT15. e,or-
TENDER $1,000. con- 90
No spring wheat "a l-ia15 IA
No. . red "a 3-l&15 Lie
No . corn 4OM4O l-4e'
No . oats 20 3.S o
Mess pork SlT0I l-2NlilO.
Lard SlO,S2 l-24lOSl, 100 .o
DIV salted shoulders, boxed, S9.SI II
| M050, -, .1 etooo
| M1025.