Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-07-10
BIG DROP.
Ice of Wheat Goes Still
Still Lower.
osTs FAIL TO COME.
Bears Have Everything Their Own
Way in the Chicago
Wheat Pit.
|osTs FAIL TO COME.

'4 CHICAGO, July o.
ne nhent market made another sensn-
MD break today which surpassed all
~ Reflections In that direction. Com
M NTH Yesterdays close II shows . l-Sc
w tn September delivery and is s l-2i
va {ihan the price 1t opened at yes
I4T morning. The failure of frost TO
|f&ffnlize, the expectation of liberal
"a bind the lack Of export deliveries
l1cd heavy selling. resulting In the big
%P q t sSci i0'''"Vu W"'H'' ''O'S Ut
,orIi md oats were comparatively steady,
~ closlug but 3-SC lower and oats Lie
rcr. The weather bureau prediction
ii thcrc would be frost In the North
at hist night barely escaped being
kr alarm. The only place noted on
, weather map as having had frost was
pktun, $. d., and the temperature there
arvfore TO do battle with, the shost
iers Immediately proceeded to strike ter
I 10 the hearts of the longs, ana easily
creeded In doing SO. With the pressure
.rket quickly began to decline, and IN
out 4 minute millions of long wheat were
Idly offered. The opening price for Sep.
nbef was at from % l-9HOI A-Sc, anu
the course OF i've minutes 1t had drop
4 to D5 3.Sc. The last named quotation
sde the decline since the opening Of
4 preylous days session 4 l-Sc per bushel.
ter a recovery there was another break
forh ii O'Clock to % 3-Sc. making the
cline since the opening yesterday u
raIsht 3 cents per bushel. Tho shorts
oWtu no general desire to cover even ut
. lowest figure so far recorded above.
q there were no buyers for long account,
70 apparently. were willing TO hold ON
ainst more than Lie per bushcl loss,
Z consequence OF which was that the
ice Of September had another tumble 20
atIiI lower point thnn before. AT Il few
nsites from u o'clock Il had declined
k0ss0 10 aNtV
e market In the news of the day, which
usual took Its cue from the direction Of
. price.
foreign markets were weak. The OK
rts were small from the Atlantic sea.
ard, the wheat from the principal points
to only 20,OOO bushels, and the
ur to $500 barrels. The receipts Of phi
pry Western markets We're small-only
4, 600 Bushels, but no attention was CIV.
70 That In the absence of any demand
made the decrease in the
slhle supply for both coasts 1855, 900
lahels. and allowing for an Increase Of
l.coO In and ailoat for Europe II gave
at hal no effect In checking the decline,
+ another lower level was found after
ut report was made known, the price ut
$50 having touched 81. and even at n
heat for sale to satisfy shorts. There was
,tliinr apparently capable OF stopping
o decline except the closing Of the scs-
on. and II was not until the signal to
op trailing that the decline was finally
rested. September sold down to &C. 1'2c,
ID wus for sale at 62 5-Sc at the close.
Corn made II vigorous effort TO maintain
self hui wheat forced 1t slightly lower
ian Yesterday. At no time did II become
'dtmQrallzcd as wheat Notwithstanding
Ie EXTREME weakness in wheat. oats fol-
wed about the course taken by corn.
using l.2c lower. The market opened
rmer and remained 30 during the greater
art Of the session. A decrease Of 1TO,UoO
nslleis In the stocks of contract oats In
orr tended 10 create firm feeling.
rrovlsinns were very weak. The Same
rppia who were smashing the wheat mar
81 we're also short Of provisions and press
4 the nlyantnge which the decentralization
wheat gave to them. Pork from Sl2 nj
Be openlng for September. declined 70
il.2n hnd after recovering to Sl1.G5 II
I'D a mick break near the end to SHE
ID dscline since yesterday being 3Ic pet
ariel. The days decline In lard and ribs
ias coiiiparatively light, amounting 10 %
! the fnrmcr and 100 In the latter
Hstlmntes for tomorIOw-Wheat, 10 cars
ofn. 100 cars; oats, $50 cars