The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-06-25
FEAR OF A JULY CORNER.
Shorts Hunted Cover In Hurry on
the kumors.
LITTLE AUTHENTIC NEWS ABOUT IT.
The Price Went Up n Cent and .
Qunrtcr-Corn and Oats Also
Advanced.

Chicago. June 2i.--sF'cnr of n July ''ccs'-
rcr' hung like stormcloud over the
market TODAY and drove the shorts TO
cover. Tho result OF the DAYS tradinc
was an advance OF 1hdiE IN the July
option. Cora and oats wcro strong. gam
ing about II and ~ respectively. Pro
visioqss were rather easy. closing pa high
or to lower.
In wheat the terror of a July corner.
which became very acute on the curb
Yesterday afternoon. had not subsided
whAn business commenced today and Kept
breaking Out in fresh spots every once
In Il whils during the forenoon. II was
the only matter CT absorbing interest in
the market. the usual Routine statistical
and crop news being almost entirely iE-
notcd. Very little news OF q reliable
character could be learned in REGARD 10
the threatened corner. and this. pcrhanS.
made 1t all the more formidable.
BUSINESS Tor an hour was confined
chiefly 10 July. hut September began to
&ttiuot inoae attention than YESTERDAY.
and. IN fast, became Vtho more active Of
me TWO OPTIONS
July, whi,h closed ut COL, Yesterday.
commenced today at 7O,.450 IL and edGei
itself up 10 iola before neoplc VINO neei-
cd Il had become satisfied. II 90, down
TO d934 very quickly after the, FIRST rush
vi uNN INK ptutIs hlu bo ~ lliltb uFt WIS
SC h"rNorsly Jealous of any attempt TO
buy 10000 or 100000 bushels al uhe de-
cline as 10 make 1t rise IN little spurts
on amy such littempt.
Chicago received thFtecn carloads. and
| 5000 bushels We're withdrawn from
| store Minneapolis and Duluth reported
81 cars, asl-nst 4is the corresponding day
| OF the year before. The eNports of wheat
| aid hour from the tsncipal Atlantic ports
| We're equal 10 only 10000 bushels.
me nroil5tion of hour for the week at
| the chief milling centers of the West was
| 5000 barrels, aGutnSso $4,000 the week be-
FORE, and $4,000 the similar week of last
year.
| The market continued to show nervous
| ness TO the end. The efforts of shorts tc
cover kept prices woboling between o..
| and '0ia9tloes, and when tho closiag bel
| rang July was selling at 70ssn70iq.
| Corn was strong and during thc latter
| part of the session displayed consLdera hlt
| activity. Crop reports were for the mos
| pact umfavomble, 1t being claimed that
an excess of rain had seriously intcrfereC
with cultivation. railways denied the ru.
| mors of rate reductions. Shorts We're act
| i've buyers.
oats dragged along i'm a featureless nun.
| ntr until the sharr urtnrn IN corn tool
| ri.ce. Then shorts woke M AMI made
| the market Il lively one for time. out
| side OF this little outhurst of activity
| there WAS not much of interest to the
| market.
| Provisions strong and hiEher on til,
| f1rm hog market and covoring by shoots
| Sustained the advance Tor some time. thet
| realizing SCI in, all the packers ana mann
| OF YESTERDAYS BUYERS taking a hand ant
| iihe advance gradually melted awdV. Tn,
| market Was an easy one Until the end.
| Estimated receipts for Ia iday-W heat,
| cars, cora, 60 cars. cats, 81 cars hogs
1900 head.
| Tho leading futures ranged as follows: