Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-05-24
CHICAGO. May %.

CHICAGO. May 20.
r,,,, foreign markets booming and
,.mostlc crop damage reports growing
we and more numerous, wheat
nliyneed Wildly up and down over
\ cent range today, ending l l-zc hlgner
yesterday at rs 3-4c for July.
lnan onenIng was over very wide
ny and the scene in the pit trans
IsnSsd iii recent efforts at Sensational
sel,u tulv which closed. yesterday at
s"i. ic and sold as high as 70 Lee on
cnrb the same afternoon, found
snn5red clamorous for 1t at the start
ssnn, soc to sic. Trading was heavy
=, ho,b prlces at the same instant in
sigerent parts OF the crowd, and the
,esslt was that two or three had TO
,yS ii s-ic in that isolated part before
nov tempted any one to sell. The eN-
.-e,,e advance, therefore, over the
siosinp price of the day before, was
20 and that added to yesterdays
: 80 rise. made the gain from Tpes-
aav afternoon to the opening this
EARNING is cents per bushel. The
nrlee surged up and down for an hour
snd half during all Of which time
hroters with buying orders took what
sbev had orders to buy at the price 1t
was offered or sold at what was being
Nd without attempting to wait a
single moment for a change, which
might be from la to IL per bushel
against them. j. c. Schwartz, who
bas been a sensational plunger in
corn and wheat for year, failed TO
fespond TO margin calls made upon
him yesterday, and did not pay his
debit balance in the clearing house.
me buying in OF wheat which he was
snort BY the firms with whom he had
traded caused a rise In July to 81 Lie
from around so 5-Sc, where 1t had drop
per to after the opening bulge and sew
eral other minor but yet considerable
auctuatlons. Before the excitement
attending the covering OF Schwartz's
line OF 100000 bushels or SO had sub
sided, the price swell TO see. The cause
principally contributury to the addl-
il0nll excitement and sensational ad-
vance today was the corroboration of
the worst that had previously been
reported Of the damage to the crop.
1t Is now almost universally believed
that the greater part Of the great
central arena Of wheat belt has suf-
fered an amount of damage from vari-
Gus causes which will make this years
crop very small one. In addition to
that the Liverpool market was ex-
cited from Sd to Al per GENITAL higher,
which Is the equivalent of about IL
or 10 per bushel. That advance,
however, leaves the Liverpool price still
10 cents below the equivalent Of the
value here.
Minneapolis and Duluth received 1853
cars, compared with 271 a year ago.
Expert clearances from the Atlantic
seaboard in wheat and flour. together
did not amount to over $4,000 bushels
ld,OOO OF which was wheat. After the
bulge In price, the tendency was in
the main downward, but there were
quick, nervous rallies as 1t slowly
sagged, In the last OF the session it
was knocked clean off It's stills to so IL,
later recovering lee
The corn market was weighted down
by heavy receipts, $50 cars and $50
cars for tomorrow. There was no
shipping demand, and the traders took
eomparauyely little interest in what
was characterized as a dead deal. They
went mostly into wheat.
New York reported 10000 cars of
corn taken for export. The opening
Price for July was from So 1-2c to b5 ~
ana 1t sold almost Immediately at 56c.
Al'er that II dropped gradually to
COG, where 1t closed. The market for
G4ts was wild and excited at the open
ng The only cause for such, how
e'eE' was the influence of wheat and
S9fh, NO independent features was to
0s found a big business was trans
- Na'NAN1's COMMISSION HOUSES
consumed the greatest amount. but all.
ays. everybody had orders to fill. The
el'ement was not OF very long dura,
son Toward noon trade Stacked ur
enl was comparatively quiet. July
vpehed S-Sc higher at 30 1-lc, and sold
W 70 S2c, and closed at 80 s-sc.
.rtovislons suffered from a plethora
=, nnoss today. Texans receipts was
nv!o and for tomorrow $4,000 are ex.
tWsslea' The weeks packing in the
psst' according to the Cincinnati
&c current amounted to $4,000. a,
sssnpared with 100000 head in the cor.
nspShalng week OF last year. The
t nsrSet got some support during Inc
S n, from the strength in wheat
Nv Nv when 1t began to react and the
products were left to themselves
W., W. ,tumbled. and In the end prices
vsse,sht rates steady at / 1-ic 70,
"a |f p";,I, l-se for corn and 1c for oat.
WAL a IS receipts for Friday
IA ~ ~ cars; corn, $50 cars; oats
ears hogs, 10000 head.