Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-09-23

Peak & Co. commisslon merchants ~
This week closes with demoranKei
feeling In both grain and provisions
There has been a steady decline al
most since tho opening last Monday.
and what reactions have occurred
were so feeble as 10 have little or no
effect on the mind OF the general
trade. Holders OF wheat the early part
Of the week were encouraged BY a very
small Increase Tn the visible, which
to then seemed an evident fact that
large wear away would soon be sccn
In these heavy stocks, due to the
process of grinding Tor feeding pur-
poses, and no doubt many around See
added TO their already large lines Rut
the pressure 10 sell by professionals.
elevator people and sealpers was too
pronounced In tho face % non-eupport
from the outside and aided by the
heavy receipts In the Northwest, tho
market very quickly began to seek u
lower level which, Judging nom the
weakness displayed at the close today.
may yet be some distance away. Hut
prices once started on the downward
trend brought out numerous stop loss
orders which had 10 be largely exc
cuted through the demand from shorts,
the latter appearing willing TO oover
some OF their outstanding contracts
around bsc This gave the market a
bouyaney for while. but today the
bottom again gave way and December
declined 3-lc from the oponing hut
the week has proven disastrous one
20 holders OF all commodltleA---eotton.
stocks. grain and provisions
There was very little news today and
IA,
attributed 70 depressing Influences
along this line. II appeared more OF
q liquidating market, tired longs being
discouraged at the downward course Il
has assumed. Car lots IN the North
west were 1888. Total exports were
light, 10000 bushels wheat and 10000
packages " tiouf. Foreign marketa
closed weak. especially Berlin, which
was from 20 Lac lower, New York
wires. Guess the foreign settling comes
from there" December opened Arm Mt
% -, broke TO "a l-2, closing at "a Ia
Q5l 5-Sc
Corn WAS even weaker than wheat,
declining q fun cent from the opening,
Initial transactions were around SO ~
FOR May Market held steady for an
hour or ~. but last rulings were very
weak. with the tone demoralizod and
rricee dronpcd 30 81 -. closing at
81 1-iHbi 3-S The receipts the past
week have hnd considerable to DO In
determining the course " the mar
/ ket. and they have been heavy, !,
/ therefore only needed good
/ selling element 20 dcpress prices but
sellers were so many and buyers 80
scattered that the down turn was
marked with but one reaction Of com
sequence. which was speedily lost Care
to-day 150 were slightly under the
I estimate, with 500 estimated FOR Mon
I day Cash corn closed under cash
/ wheat, "A feature which has not pro
I vailed for some time Feeling after the
/ close appeared more depressed than
/ ever and Il Is likely lower prices Will
/ prevail next week
/ oats closed STE lower for May than
| the opening. Receipts are sufficient "
I supply all demands perhaps too large
! Provisions were panicly, January
pork closing SOC per barrel January
/ lard u l-ac and January ribs % l2t
] per hundred, all lower than last nights
/ flnal figures The cause N this sud
den slump was on lack u supplies
| when tho market began 20 break OF
course, numerous stop loss orders. Ner,
caught. which were good fuel to d
weak market. Hogs today. 5000 yestcr
day, 1908. estimated Monday. 10000
nest weck. 100000, market i0c lower
Cattle, 1900; unchanged,