Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-04-15
RAIN IN THE WHEAT BELT
nREAISs noTn rnE DRourH AND
the sn.eNET.
wheat shows II Decline Of t-sc.
The Europear Drouth canard
Also Receives It's Quietus-rhe
Liverpool Market weak.

chicago, Ill., April ii.-Rain in Kan.
sas broke both the drouth and the
wheat market. Compared with yes.
terday's closing price the latter is
l-Sc lower The large export trade
In wheat Yesterday reported from
New York simmered down 10 about
thirty boat loads, nothing in the way
Of export business was done in wheat
there today and the market declined
steadily all day with but few reac-
tions. Corn closed unchanged, but
provisions finished higher all round.
The drouth In the wheat pit. which
caused the bears to swallow such co.
pious draughts OF short wheat yester-
day, was broken today. Kansas got
general rains, apparently covering the
entire state, while the lower Missouri
valley reported generous downpour.
That without anything else. was suf-
ficient to obllterate the bulllsh feel
Ing which was so conspicuous yester-
day afternoon The European drouth
canard also received It's quietus 1t
was raining In England and there was
a low barometer over the continent,
indicating probability OF general
rain there. That left to the bulls only
the California drouth to hang their
hopes upon and that was not enough
TO prevent a lc break at the opening.
May wheat, which closed yesterday Mt
81 S-sc, opened today with sellers at
from 60 5-sc down TO 60 S-Sc, and no
buyers at over co l-2c.
In half an hour from the opening
1t had declined to 80 3-4c, and did not
show any signs Of recovery until it
had reached that latter price. Along
with the bearish influence Of the rains
We're market advices from Liverpool
reporting absolute Indifference to yes
terdays advance here, a letter re-
ceived from Liverpool said that the
millers were getting Russian and Ar
gentine wheat 80 low they could make
-four cheaper even than the very low
rates quoted from this side. To offset
the foregoing was the news from Cali.
fornia August Broseau, a well-known
member OF the board Of trade, who
has been travelling through that state
for six weeks. sent the following tele.
gram from there to a friend this
mornings "The drouth here is very
serious, and In Northern California
cattle being given away"
This had some eject In staying the
early decline. The price reacted from
SO 3-lc to go Lie. The trade In the pit
compared with the previous few days
business was light and the over
worked brokers had time to take
much needed rest.
The closing price for May was 60 is
AGO lie. The corn market was very
dun, but prices We're firm and We're
scarcely Influenced by the weakness OF
wheat
The Liverpool market was quoted
weak. with buyers holding or and
there was said to be no Eastern de.
mand, but holders here refused to give
way, and there were no selling orders
of sufficient amount TO ovcrtop those
received on the buying side The
drouth IN California has already pro-
duced the effect Of crenting an In
quiry for corn In Nebraska to he
shipped TO the Pacific coast. May
corn opened here at IS $3.50 and closed
IS lee, after selling as high as IS 5-Sc,
Receipts today We're i5S cars. There
was only small business transacted
In oats.
The provision market was strong
with sellers rather scarce. and for the
most part confined to those who had
a profit In previous purchases,
Estimated receipts for Monday
Wheat, As cars. corn, 200; oats, l40;
hogs, 10000 head.