Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-05-22
CHICAGO, May 81.

,,-Aoat vas dizzy today as the result
!, ne great boom which 1t has expc-
oea within the past few days. The
~. was nearly all bullish and higher
.,ces were logically to be looked for.
r., the trade has become accustomed
= aoc,lnes. and 20 cent rise joggles
:. -, It's balance. Consequently when
.sa market showed tendency to wa
a. nj the top today there was a
,,,sh Of longs and shorts to sell and a
.,,roh,e of 5-sc ensued. Fluctuations
.era very frequent throughout the
sss.Ion. but the close shows an adj
,.,nce Of l-2c over yesterday.
cnrn though influenced by wheat to
same extent, was more directly in
eneneed by frosts and inclined TO great
~ steadlness than wheat, closing 1-2c
birher than yesterday.
oats were l-lc lower.
PORK II 1-2c lower.
lard Y lie and ribs &c lower.
Wheat opened weak with sellers at
,rom 1908 ado for July, but there
we're numerous buyers for matter of
Ssif an hour or 80, who evidently
lacked for repetition OF the sequences
~ ali recent breaks in the prices. They
we're not disappointed. 1t recovered
W "a i-sc. but what occurred in the
nsxt half hour rather upset the calcu-
lstlons of the crowd. After being
between 20 S-Sc and 70 Use for about
twenty minutes succeeding the bulge
10 "a Use, II took sudden dip to
10 1-2c, recovered to ~ l-4c, broke
again TO % lie. but quickly so Tar
mai the last named figures appeared
10 he away up on the top of an inacces-
sible mountain. II went down to II
lie II took about thirty minutes to
tumble 5-Sc. The volatile character OF
HE market was well maintained
throughout the session, for by 10
o'clock the price had again climbed to
q 5-Sc The great strength OF July at
81. Louis, where the traders are in
close touch with the crop conditions
in the best part of the winter wheat
country, did much to keep up the
courage Of the bulls. There was moth
ing, In fact, receipts or shipments,
foreign adylces or domestic crop condi-
tons which could be construed unfav-
orable TO holders of wheat, on the con-
trary, the general tenor of the news
favored still higher prices. The only
thing that was advanced against the
price was that II had grown too rap
idy. and that after n 20 cent rise 1t
should react &c at least. The Minneap-
oils and Duluth receipts We're 2i5 cars
COfNuhIHA WIN 1Au Al year dEbs IN BblAh
Of wheat and flour from The Atlantic
ports were equal to 100000 bushels, of
which 200 900 was IN the form of -four.
The only matter OF bearlsh character
which was brought to the need of the
trade was the weeks movement from
exporting countries OF the world, which
amounted to 800 900 bushels, includln &
the 100000 sent from this country and
Canada
Estimated weekly shipments of the
importing nations amount 80 G,700,00C
Bushels The reports OF the crop dam
age and professional selling fought
each other foot TO foot during the
entire session, and as the end APP
preached the market developed most
extreme nervousness. 1t rushed VI
aud down between 73c and 73 3-4c
taking only few minutes to 80 from
one extreme to the other, and finally
closed 70 use
Corn was fairly active and strong In
the face OF receipts of 9l7 cars and an
absence of demand for round lots oil
shipments, II was a local scalping
trade principally In the pit with the
huctuatlons over range of / 3-Sc, and
those for the most part following In
ne wake Of the price changes In wheat
July closed at Ole, or 1-2c higher thar
1t did yesterday.
oats active. Longs again sellers
anu fNOftS buying, orders from tht
country to buy We're numerous. Bat
crop reports We're influential in caus
Ing the urgent country demand fol
oats Whilc the market experienced
lower values throughout and CLOSED
rom Lie 10 3-Sc under yesterdays las
quotations, fluctuations ruled entirely
by wheat and corn. The cash marke
for oats was very weak, July sol,
iIom 20 l-2029 7-sc, and rested a
Provisions ns-derately active. bu
weaker. The start was at a declln
compared with yesterdays closini
prices OF zoe in pork and about 1Oc II
ard and ribs. The estimated run o
hogs for tomorrow being $4,000, tendet
70 produce the easier feeling, but re
ceipts this morning We're only 81 900
ana they were quoted firm at &c ad
Pork closed at s12.s5 sellers for July
before.
Lard lost 70 1-2c and ribs from 10 1-2
To Is cents.
Estimated receipts for tomorrow
wneat g cars; corn, 400; oats, 3O5
ho2s' $4,000 head.