Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-01-30
IT is GENERAL DECENTRALIZATION.
THE PREVAILING DISEASE IN ALL
GRAIN PITS.
cash Wheat Fen to a Point below
on cents-Corn Al Cents--Provision.
hroke Bndiy-wenk Foreign Mar
kets Helped the Decline.

thought would be the effect on the
trade OF the gold exports and the
strained financial situation resulting
therefrom. The weakness of foreign
markets was likewise an element in
the distrust which prevailed at the
opening. May wheat opened with SELL
ers Offering It freely at anywhere from
oSe down to 81 3-4c. No general demand
sprang up until ii touched 90 lie, and
such as sprang up at that price was
against puts which had been bought
good for the day. Smith. who was
sad to have bought puts on 100000
bushels at the price named was credit
cd with purchasing 100000 Of May
wheat at 81 lie and 81 3-ic. which,
along with similar purchases by others
| VINO held puts, proved a check for
the time being to the impending panic
which threatened the market BY 1850
o'clock the price for May had been
| reduced TO 52c with January or cash
wheat at 49c Decentralization mad
py that time spread to every specula-
! i've market on the floor and agita-
! tlon became extreme FOR a minute or
! Two, but was checked again when a
| tresh demand was struck at the de-
cline last referred to. Apart from de-
moraLzing effect of the national hnan-
| cial situation the foreign and domestic
grain markets, the other matters per-
tanning to supply demand We're en-
couraging TO holders, and that, more
than anything else ENCOURAGED the
buying, which prevented the market
from drifting into a state OF helpless
panic.
The sum total of the primary mar
ket receipts today was only $4,000
bushels, against 10000 on Tuesday
OF last week, and compared with 2S3,-
600 on the corresponding day Of the
year before. The export clearances
from the principal Atlantic ports
amounted to 100000 bushels of wheat
ana about 10000 bushels In the shape
of flour. The purchase for export from
! New York Of about 80 boatluads and
from outports from 10 to 10 more and
the taking Of about 10000 bushels OF
spring and winter wheat here caused
some covering OF shorts In the last
half hour, and May reacted to 53c and
closed with buyers at 90 7-Sc.
The general decentralization which
struck everything on the speculative
list this afternoon was nowhere more
conspicuous than In the corn pit. The
receipts were only 2i7 cars, against
200 estimated. But the break in wheat
at the opening caused holders Of corn
to rush their stun upon the market,
regardless Of everything but keeping
it, and standing up to fresh margin
calls.
The country holdings, which, up to
within the last few days, had with
stood all attempts at dislulgement,
have been gradually undermined. and
topping over. Today there was
general cave-ln, as may be seen In the
fact that before noon May corn was Of
fered for sale at 42c. recovery Of
l cent per bushel IN the price Of wheat
near the end and the reported sale
at the seaboard of twenty boatlOads
of corn for export caused some demand
here, and reaction to AZ 5-Sc. The
most of the late buying was. however,
credited to shorts
The market for oats was active al
most from beginning 10 end
The heavlness eXistlng was the prin
cipal feature and was very great.
Cash oats suffered a decline OF about
1c per bushel, which was also extended
into the speculative crowd, The selling
OF May was quite general, and two or
three firms were credited with again
ralding the market.
Bartlett-Frazer, Patton Bros. and Up
dyke We're Offering very literally The
buying was limited and confined to
scalpers and few stray shorts. May
started at from 20 to 20 1-gc, and grad
ually dropped off TO q 3-ic, which Is an
other low price Of the crop, and 7-Sc
below the established bought this same
day last week. Later on the market
rallied at rs 5-sc, at which price 81
closed.
The provision market fell into line
with the declining grain markets, and
suffered a severe break, only partially
recovered from In the end.
May pork declined to s975. 1t re-
covered and the latest trading was at
$1,000 1-2.
course. winding up with loss for the
day Of II 1-2c in the former and q l..
Hog receipts were 21,OOO head and
$4,000 are estimated for tomorrow.
Estimated receipts for tomorrow
wheat, 20 cars; corn. l15 cars, oats
so cars.
Cash quotations We're as follows;
WGeat-No. ?. spring, 50 a-8G54 Use
No. g. spring, nominal; No. 2, red
40 5-sa5O S-sc.
Corn-No. 2, Al 1-sc.
oats-No. 2, 2Sc; No Q white, 80 /!
@3lc; No, 3, white. So9SO lie.
Rye-No. 2, soc,
Barley-No. 2, 55q56c; No. 3, 6s055c
No. 4, 52c,
Flaxseed-No. /. H.42 1-2at43
, Timothy seed-Prime. $3.50
|. Mess pork-Per barrel, s9.77 1-2d9,s0
I.ard-Per 100 pounds, sG,35Q6S7 L.
Rlbs-Short, sides. loose, s5.10d5.i5.
. Shoulders-Dry sailed. boxed, o.
= "A 9-lc.
sides-short clear, boxed, S4.s7 1-2a
, 4.92 IL.
Whisl1ay-Distillers finished goods
J per gallon, Sl22.
: corn--No. 3. yellow. 30 5-sc.
Receipts. Shipments
Flour bbls. 5000 5000
Wheat. bu...,..... $4,000 23OVO
corn 1922 900 1900
oats hu. $4,000 95 900
; i've bu.,.,. 5000 1000
, Rorie,, bu.. 81. 900 1900
on the produce exchange today th'
h.lanr .,anrl,nt Nna ateadN. Creamery