To give out; to be exhausted.
1854. He hoped this spectable meeting war nt going to Peter-out.H. H. Riley, Puddleford, p. 84 (N.Y.).
a. 1865. The store in which he clerked was petering outto use his own expression.I. M. Tarbell, Abraham Lincoln, McClures Mag., vi. 127 (Jan., 1896). (N.E.D.)
1876. [He advised him] to sell out at any sacrifice, as the mines were petered out.Boston Post, May 5. (Bartlett.)
1888. The Boston Herald thinks the Hill boom is petering out. When the time comes for Mr. Hill to have a boom, it will not peter.Missouri Republican, Feb. 15. (Farmer.)