Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-05-28
|vNEAT GOES DOWN A TElFLE.
r.s HIGHER FOR A TIME. THEN
WEAKENED.
-,rpp WERE BULL FEATURES,
vrr THESE HAD BEEN DIS
rorNrEp. SAID THE BEARS.
coRN WEAK ON HEAVY RE-
cr,prs-oATs SLUGGISH.



wheat was feverlsh with sudden
"a wide fluctuations, covering
..rvs Of from Lac above to / 3-sc be-
=. the closing figures of Saturday,
"a closing $40 lower. The session
-.mmenced with the now daily re-
...,ed extravagant excitement in the
.,.at nit. The bulls already held most
!, ,be grain In the visible supply and
"a bought for future delivery all that
In he harvested from the growing.
.rop. and were clamorous for more. The
Vars shouted for some Of 1t. 1t came
,,rh but they had to have 1t. July
-hsat. which barely could be sold for
"a 10 at noon on Saturday, readily
! ,,anrht 50 l-2c to 81 3-4c at the open
~ this morning The most generally
.r,rent price at the start was so 3-4c.
Z rom that point II rose In n few min
. .,as 10 81 l-2c and dropped back again
"a 20 l-2c 1t started up again and for
,ss second time 1t touched 81 3-4c. The
vsry heavy orders ceased coming after
,sat and with the Stacking up of the
volume OF business, the price declined
4 IA 70 S-lc. The price continued to rush
/ NJ and DOWN III inc ulObl nervous man
ar At the close stop orders could
rot be filled within from 3-Sc to 1-2c
psr bushel OF the limit.
The changing aspect OF the visible
IMPLY had much to do with the fever
I'M changes in the price of wheat. The
4 radiation of 100000 bushels de-
crease In the visible appeared for a
lime as II 1t had been discounted by
he advance TO so 3-4c. because although
h was found when the figures We're all
IN that the actual falling Off for the
week was 2,2iO,00O bushels, the market
aid not rally for some time more than
about s-Sc although a little later 1t
vas I'D TO so l-2c. The great feature
q the news was that which had refer
ence to the domestic crop situation
and the visible supply. The latter did
not permanently influence the market.
and neither did the news OF damage
by frosts In some parts of the North
west and crop damage reports from
Indiana Of the most distressing de-
scrlptlon. The feeling began to spread
tha. the buying enthusiasm was about
over and was corroborated by the fact
that country orders today were prlncl-
pally for fives and tens instead of fifty
and bundled thousand lots as for
some time back. The foreign ship
ments for the week were heavy, and
that together with rumors of Oregon
wheat on the way to Kansas City and
st. Louis, added to the bearish feeling
which prevailed all the afternoon. The
rice In the last half hour kept drop.
ping to near 7Sc and rushing up again
10 about 79c every few minutes. The
Invest was IS 1-sc, and 1t closed at
q sc.
Corn suffered from addition to stocks
Il 1924 carloads since Saturday and es-
inhaled receipts for tomorrow of 1120
ears. The cash demand was slack and
noly elevator people seemed to want
The offerings, The visible increased
liil,O00 bushels for the week compared
With a decrease of $4,000 bushels In
he corresponding week last year.
The close was l-4c lower for July.
Oats were active with n heavy pusi-
ness transacted, Prices at the close
we're from 3-sc to &c under Saturday
last quotations The heavy feeling IN
cats was stlll noticeable. and it needed
little coaylng.
Provisions declined early on heavy
reg receipts, but very little buying on
The decline caused a lively REACTION
ihd converted a bearish into a bullish
market
Pork closed with a net gain of II 1-2c:
lard, 1'2c higher; ribs. 1-2d5c higher.
Estimates for tomorrow-Wheat, IS
esfs; corn. 100 cars; oats. $50 cars; hogs.
fol0 head.