The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-05-23
ADVANCE IN WHEAT.
FRENCH REPORTS WE'RE THE M
MEDIATE CAUSE.
Liverpool Firmncss aud withdraw
ais From store Also Aidcd-Pro-
visions Weak and Lower.

Chicago May 22.-Fore!gn news had al
most exclusive control OF the wheat mar
ket today. ard caused Is advance in tho
July opilon The most Influential news
came from France In the shape of dis
turhing crop reports. and made shorts
scramble, to cover. Corn and OATS closed
FIRM and substantially unchlngoi Provi-
sions were weak from beeSnn.ng 20 end
and closed at declines rang!ng from 'is
&c liza.
Wheat opened firm end ,sNt. higher
due principally TO u small advance al
Liverpool IN the face of q decline here
ytStet lay. The Withdrawals from store
hcia Amounted to 10000. which was as
suned TO be proof of Al good deN more
wheat having heen sold for SHIPMENT thuN
hGc been reported during the week VI
news OF another KIND were 1he heuNy
Northwestern OBSERVATION-DISCLOSURES ana
Duluth reporting 6d cars against "S' a
year ago and the tavorahlc weather Tor
the growing crops. New y OK also, IN lno
early dispatches. Was easy.
An unofficial estimate IRON lAverpcol
of what the total worlds shpmcntS To
European countries for the week were
Some w9llSuasS followed this, july which
Opened at 7lu1l's Against Nest'rdaN
closing Of iO's. declining TO 'eAb''s'
New DIRK wired that the froltCh Crnp
WIS Lloy to show 10 per cent loss IN
area compared With last years acrcuge
and 10 per cent poorer in condition, II
was soon apparent that the bIyins of MAY
whest mcant more cash wheat husin, IS
for shipment. and 65.o0 bushels wore re
poruai sold soon after the opening.
The making known OF he LATER ana
the repetition of the French crop dahcl-
encics helutd TO add to the huVine en-
thuslaSm with which the marke, oueucd
and l'efore IL O'Clock July had advanced
20 1lAN1li-.
Although Berlin and Paris wheat mar
keNs srnt slightly lower quota, ions 1t was
reported from st. Louis that 45,0n hush
els hari winter wheat and " nJ bushels
rye were sold fhcro for shipment 10 FrtnUe
and that more wheat could have heeu
disposed of had the wheat been procGr
allie Coming upon the top al LNerpool
cablcErlMs repeating the short agr IN acre
age and rooror condition OF French wheat
crop. tho report OF actual buying oi wheat
for shipment TO thu, CounirV gave the
bears. Who were short wheu. a lrc-h
sps~ln oi repentance and ,hty rushed lulN
wheat up to I4uI2lk In their sruagl" for
s.tlvairon. The closing pric" Tor jay Nhs
corn opened easy on fine weather iarrc
receipts ana on rather fTec local upl
Western selling. 1T rallied 'diar Win
whcAf. and on covering by shorts tlh-
crl rec'ps caused n weak ogeniis nor
oats aud th,.1 condition prevailed for some
time, The market rallied later ass whett
advanced aud the finish VAS firm, Win
about an the loss recovered
Provisions were without support and
consequently heavy without much selling
Tie large receipts OF hogs present ami
prospective. We're the factors. The mar
ket ouruel weak and dcclne-l steadily
from the start. winding Up sh" session at
substantially the lowest uoin7s of the daV,
Estimuted receipts for Monday. Wheat
20 cars, corn GA cars. oats iaJ cars. hogs
i0,0pO head.
The leading futures ranged as follows: