Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-05-25

r. sdre was taken off the bull move
on the board OF trade to-day AID
.~srvthIng closed lower in comparison
~. Yesterdays final figures. Wheat
,-,ad SAC Off, corn lie, oats 1-2o,
W ,oc lard and ribs t-2e each. The
r..tness in grain was owing to heavy
.,,,,,r sales made in the face OF the
is.s Sloomy crop report yet received,
nv,' ,hat In provisions was the result
~. mn receipt of hogs and the weak
ness aaction was In order in the grain
n.,.sIs The commission houses for
IT, than two weeks have been urB-
w their customers who had good
r,oats in wheat TO take them, succeed
u Al length in inducing sufficient
,...sher 10 sell 10 cause considerable set
n. ., in Inc price. Although the Liver
80 wheat market opened I'd lower
~ II closed yesterday and 1t rained
J. KANSAS during the night, the market
w closed with some buyers willing
~ NV 7gc for July wheat, Not many,
tsTeyer. paid that; the great majority
lars willing to sell at rs 3-ic, or the
s,me as It was worth at the close of
.ssterdays session, and some even
,,ssssd some wheat for sale which had
a
All Of wheat was wanted at from
II l.9c Up to rs Sac, and before the
,srlv buying orders which succeeded
M openjng break could be all filed the
s-co rose again to roc. For about If
I'm or twenty minutes the price heav-
a Up and down in irregular swells and
sspressuns between as 5-Sc and 79c,
nd then came n crash
corn. which was showing heaviness
80 ghn Ifbaru1tfN nj raNafnta
a that article. commenced to tumble
and when It had broken to lie below
ne price II had closed at yesterday.
,hsn wheat had a sympathetic spasm
snd collapsed TO n 1-4c. The revivlng
influence OF fresh buying orders was
aran applied and before many min
utss 1t had again recovered TO 40 i-ic.
The first downward plunge was due
10 the lower cables, GALES by long and
ne execution Of stop-loss orders. on
the next turn It declined to rs S-Sc.
ana then kept webbing laZily for an
hour or more between rs 1-2c and zoe.
The volume of trading was very much
reduced as compared with the ire
mendous bulk OF business done every
day for ten days back. There were
considerable Intervals during which
there was actual dullness In the pit,
but at no time was there an entire
absence Of nervous watchfulness that
kept the pit with brokers all alert for
contlngenoles. The report from the
country regarding the crops OF the
states OF Indiana and Illinois We're
voeful in their monotOnous relteration
Of destruction. In addition TO those
ttstes, Ohio, Kentucky and Missouri
olned the doleful chorus, and even
the Northwest had some complaints
10 send about unfavorable weather for
tprlng wheat. but 1t was raining in
South Dakota this morning, 30 that
a. regards spring wheat the belief in
good prospect for II did not suffer.
They began to weaken very much after
the noon hour and long wheat kept
coming out In heavy chunks from that
time up to the close. This resulted in
4 rapid and heavy drop in the prices.
There were strong fights during the de-
cline to Use, n 1-2c and finally 76 1-2c,
but It was not until the latter point
vas reached that the selling orders
ceased to prevail. There was rapid
recovery to Tic In the last few minutes,
but at the close there were sellers at
10 and It dropped to &c $50 before
The crowd separated.
The corn market again suffered from
heavy receipts and probable outlook
ior the next crop. A good demand
nom the soabOard resulted in the sale
ior export of 100000 bushels. which
sustained the price early In the day,
nut the afternoon weakness of wheat
and the fine weather were the most
Influential factors in the end and a
considerable decline resulted.
The opening price for July was So 3-ic
Under the previous days closing quo
nuons II was prevented from get
ung very weak, while the cash busl-
ness reported was under way, but
gradually worked down 20 SO 1-Sc. 1t
hAd quick reaction to SO SAC, which
was the price at the close. Further
snl more discouraglng reports OF crop
damage by the weather started COM
pfauyely firm feeling in the oats
market, II did not last long, however,
weakening with wheat and corn. There
vas free selling at the decline and at
pnss some difficulty was experienced
hiding buyers. Taken as whole,
aoNeVer, business was active and sales
Provisions were weak from begin
nlng TO end. The hog receipts are
EoVng more than the demand will
Aesore, and corn Is weak.
Estimated receipts tomorrow: Wheat
y corn $40, oats $50 cars; hogs 1900