The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-12-25
WHEAT SHOWED STRENGTH
Bull Clique Still Keeps the Prices
Going Upward.
SOME ADVANCE IN THE MAY OPTION.
A million Bushels Bought by the
Leitcr-Frcnch Crowd-Corn ana
Onts Both Higher.
ONE ADVANCE IN THE MAY OPTION.

Chicago, December 2.-Buying by tn
bull clique and covering by traders, not
| withstanding some short over the holiday
| made astrong speculative wheat marke
today. May closing ssMa.c higher. Decem
Der was a trifle weaker. and declined
Nc.
Germ and oats were firm, corn ad1anc
ing &c. while oats added AMssc to 1T
former price.
Provisions barely held their own.
In wheat the moderate strength with
which the market closed the DAY before
was added to at the opening There was
some indication yesterday evening" IN tie
active demand on the curb COR calls that
the Le.ter-French party would give the
market the benefit of their more active
support today. They were credited with
buying calls to the extent of l,OoO,0uO bush-
els. May. which closed yesterday at o25sc,
opened today with buyers at 3iislJ94j.c,
and very soon it was bringing 94Ssc, about
yesterdays call price. 1t took only a lit
tie more application of the bun whip to
set the sellers of calls and other shorts
olamoring for aid competing with each
Other for the limited offerings. That re-
suited in an advance to 9iac, tina. price
peiEg reached about an nour from the
start.
The only prominently builish feature Of
the routine news of the day was the
EeaVy clearanoes of wheat and flour from
Atlantic and gulf ports. the Nor Invest
ern receipts were considerably heavier
than they were yesterday Or on the corre-
spondirg day of the previous week
Liverpool markets were closed for the
Christmas holidays, but were privately
retorted firm at unchanged prices. Paris
noted a trifling decline.
a cable from the bureaus correspond
emit OF st. Louis firm estimated Argen-
tines export surplus at $1,000 bus neis.
Hardly any attention was paid to The
news. Traders did not care to remain
short over the holidays, IN view OF ire
rather erratic way the macKet has been
acting, and buying did mol cease until
May had been hoisted to 9i7sc.
Chicaso's receipts were sol cars by rail-
ana 1921 bushels by lake. Atlantic and
gulf port exports amounted to the eoulva-
lent of 10000 bushels. OF that total tpe
llyuT was equal to $4,000 bushels.
During the afternoon the bull clique sold
out a great deal of the dccumuirtion OF
the mornings buying, starting when the
nleh polnt-9Fsc-had been rel .he,i. The
result was gradual decline i'm the price
May closing at 944q943sc.
s, oprh was quiet and steady, but the
shafr upward turn In oats and the
strength of wheat started shorts to coy
effre. and this demand caused n slight
ltnnrovement in values. part of which was
Inalhla1ned. In general way the trade
va, WAS smaller, unattended oy any particu-
iar feature of interest.
lhe market for cats was strong and ac
I've I've Quite a general demand was evident.
EeVator concerns ana shorts were GOOD
DIVERS Throughout. The fact that the De-
SG,cnper w,leat cliuue had "a large long
ihn ci oats hal good deal 10 do WITH
wards the close ~
PROVISIONS were dull throughout. The
eiose showed May pork, lard and ribs un.
estimated receipts Monday-Wheat. 59o |
o1 M ~ oats, 20 cars, hogs, $4,000 lieaa.
- - leaalhg -Lullres ranged as folIows;