The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-05


closing at ehe came price as 1t did tues
| day. The olossag ADVANCE succeel.u q
| very weak opening and was caused iho.e
4 hy the covering OF shorts on sonicM 10 ~
| oeersoid market than to any rcai Sti'. 80
| lcal strength. Corn and odsS sus,i ..
4 this strength to a desINe, corn aiVahciiS
4 and od,s l-l1. rovtslons were hea'.'
l.ls snow sligh. changes.
| TWO factors contributed 10, me weak
ness with which wheat STARTED. me prin-
| {. pad one wsts the iower Englash caoi. y,
especially those boaring on the LaNeipo .o
| market. Some of the Liverpool cipies re-
portsd a decline OF i;d, with wheat press
| lag for SAFE as they pat III as tue ue-
cine on this side yesterday amounted W
| only Nc. ~ could not be attributel aiso-
| .,ether TO sympathy; in fact, many re-
carried the slump az a result OF manipu-
latsou pure aad mple. but u hdn lts
effect on Opening prices n"Nertheiess. ~
other factor was prominent yesterday. II
consisting of reports that much Oh ailo
recent cash business had been 500 aGaliiSt
May delivery. For rev minutes aitSr
the opening Graders were rainier on tne
fence. Not so much was offered Tor sale,
as had bcen expected, in view OF INC 10"
Liverpool quotations. and this fact en-
couIaIed some traders to buy. WIN .hc
result that 4 slight advance elsj"n. but
the llqiiidnt.on, rhough delayed, cnme NJ
last and for ha.t an hour the pressure
20 sell was persistent and heavy NOT ohiy
from those anxiol 5 to ltquidate. but from
professional bears putting ont aid ion'i
Short lines. Opening trades IN Mas were
made II l4ssa7iis, as agoins Yesterdays
closing price OF 1895. after bret raliy
TO 7lts, an irregular dsclne TO IA rot
lowed. mis- was the lowest point of tire
day ami proved to be the rallying point
of l7sc bulge, the price rsachng .6's
shortly before the close As far as fresh
news went. there was nothing of moment
added further lhan confirmation by cable
from London OF the reported 81 per cent
deficiency in condition OF the trehcn crop
compared wath last Fehruary's showing
An Old but stlH active traitT remarked
thua he thought the market was much
congested win wheat sold short as y was
With long wheat when the price Of May
was s5ia After 7sis had been reached
some reaction followed. but the closing
wais strong at 75N.
Corn was dun but firm most Of the
81 ssion. tslhles were lower, and although
rec1 pts were liberal, the market was
heavy for a time. but prices never got
below Yesterdays closing. The closing
was higher.
oats were active from start TO finish.
Selling by shorts started Immediately al
Ter the opening. bringing about decline
and for a time the market was decidedly
weak. The rally which ensued was brought
about through sympathy With wheat.
many who sold early buying back their
Provisions were weak though keeping
within narrow limits. At tho close May
pork was ~ higher May lard &c lower
and May ribs unchanged
Estimated receipts Friday-W heat. .
cars: corn. so: oats. $50; hogs 1900 head.
cash quotations were as follows;
Whea. No; 2 spring. FAX No. 8 1915;
No red Sa. uS5a4
oa;s-N No. : i8i.; ~. white. { o. b.,
l9is02o no. white. +. o. b. l6iaal'.
iiarley|No;. ?. nominal, No, 3. f. o. b..
Flax sced-No. /. 73laG7fia.
Timothy seo'l--trime, 2.1fi27S
rufaGi- -