Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-04-01
WHEAT STEPS BACKWARD.
4 SLIGHT. DECLINE IN THE MAX
BET YESTERDAY.


Chicago. M. March si---The cold
weather and reports from the country
that wheat had received no damage
from the recent freeze caused wheat
to rule weak and to close 1-205-sc
lower than It did yesterday. The corn
and oats markets were extremely dun
and inclined To weakness. Provisions
were weak without any wavering OF
that feeling. Wheat opened strong but
not very active at from go Use to Gle
for May. The local crowd had az that
price great many tons and fiSes OF
long wheat with from S6.25 to Sl250
profit, and that on the bun side OF the
market proved too strong temptation
for the average soalper TO resist There
We're also many changing orders In the
way of selling May and replacing It
with July and September. principally
into the latter delivery, at from 1-ic.
narrowing during the operation TO 20
spread. Councilman Day. Adams.
samueis. clifford and Schwartz Dupree
We're the most active sellers Of May at
the opening Many Of the selling
orders We're said to have come from
New York.
The market turned -,''y weak I'M
mediately after the opening, ana in a
little more than half an hour May de-
cllned 60 1-4c, or s-4c below the highest
/ point at the start, Chicago receipts
were 20 cars. Minneapolis 1872 cars and
Duluth IS. A year ago the receipts for
| Friday, which was holiday, and Sat
a 4
amounted to; Chicago 1888 cars. Mime
apols and Duluth 1880 cars.
Bradstreets reported the weeks ok
ports of flour and wheat from both
/ coats at 1885, $50 bushels. against 294g
900 bushels ON the previous week. Since
January ] SS,9iS0OO bushels, compared
| with n,4lb0O0 bushels for the cores
ponding period OF 1893 The market
continued to rule weak during the
greater part OF the remainder OF the
! session. There was n rally to 60 1-2t,
| from 60 lac, and then a GRADUAL fight
| ing decline TO 90 1-Sc, with "a snle ar
two as low as 6Oc The closing trades
We're at 60 $4,000 Lie.
me corn market was again very dun
NM me prices were as for some days
| past largely Influenced by wheat Tho
market was firm at 81 5-s for Nav.
ana before the firm feeling evRporated
~ Sac was realized for one or two Ave
When wheat dropped on there was
corresponding movement In corn.
There were temporary rallies OF 1-St
from the bottom price quoted. but the
continued weakness In wheat prevent.
ed them from sticking for long at q
time. The closing quotation, 81 1-2c
shows a change since yesterday. Only
fair amount of business was trans
acted In oats. Sellers were In the ma.
jority, and at their offerings and the
weakness In corn and wheat the price
| fell on from 1-SG1-4c on near futures
The more remote deliveries were com
parauvely firm, The market for MAY
opened where 1t ended yesterday
81 s-Sc, sold down to 81 1-sc. and CLOSED
at that price. There was less activity
In provisions than was the case fol
the few days previous. and prices wer,
mainly on the down grade
The run of hogs for the first par
Of the ensuing week was expected t,
be liberal, and that was given as tn,
reason for the weak feeling. The days
receipts We're $4,000 instead OF only 10,
900. rs had been talked OF yesterday
and that gave the market It's initia
decline. The longs We're credited with
supplying the most of the days de
mand The more radical weakness
Which followed did not develop unit
near the end Of the session, when porl
sold at Sll.50 and closed at sll.52 ~
against sll. 80 ~ at the close yesterday
Lard wound up at s6.77 1-2, compared
with 81 80, and ribs at Sb.S2 H. ngains
SO 90 yesterday
Estimated receipts Monday; Wheat
&c cars; corn, ESQ cars; oats, $50 cars
hogs. "a 900 head