The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-19
OATS AGAIN LED GRAIN.
shorts Nes tie 0ass Who Boosted
Up the Prices
Ons Chlcaxo House Took nm Account
Two million Bushels Of De-
cember Oats.

| the grain markets today. Efforts o. shorts
| in December to get from under boosted
the price at the opening Nc, while May
declined AmMc. Wheat was strong early.
but broke sharply late In the session and
closed Nd%c lower. Corn closed I'm.
changed for December. but NC lower for
May. Provisions were firm at shade
better prices ali the close.
Wheat opened weak. 54Qssc lower for
the May and 1sdxc lower for the Decem-
Der option. The reasons for the weakness
were from widely separated sources.
There was but 4M7sd advance at LIVER
pool--a distfDct disappointment in view
OF the fact that 1Ac was added to the
price here yesterday. The Cincinnati
Price Current was rather bearish in this
weeks crop summary. Owing to a mis-
take in the May quotations from San
Francisco. II was made to appear THAT
wheat for that delivery declined ~ per
cental yesterday. That starting show of
weakness Yves supposed to be due to porr
heavy Pacific stocks. But thcse figures
were afterward corrected 10 show that
the price in reality had advanced IN. and
considerable buying was inspired by the
toiitNtDH. Ntdtc BOL w II IdIHDdSc dDOQt
the same time and, remembering the eff
feet OF yesterdays furry in that market,
tho buying OF wheat was all the more Wig
orcus.
May wheat opened Mt 90ssasOss, as com
pared with yesterdays closing price OF
aV;inNh. During the first few minutes
trading 1T went to 90AM9o3s. Then the
market started on a recovery, which re-
suited In an advance to 3l9i by noon
Receipts at Minneapolis and Duluth
were 9ls cars. against N7 last week and
5sl year ago. Chicago got 1873 cars,
against 1875 a week ago and 90 last year.
Inc Atlantic port cleararice5 OF wheat
ana flour amounted 10 475OU bushels New
York reported good orders at the opening
there from English provincial ports.
Arother radical change occurred IN the
sentiment OF the crowd without any fresh
mod tications of the general market sur
roulmirgs scamper from under what
was feared was about to become a falling
market precipitated the event, and prices
had sudden drop in the hast twenty
minutes minute OF the session, May falling to 9Ocl
3Ob and closing weak at 90ls.
Corn was fairly active at times. The
early. market for May was easy, ini,u-
ehoed by wheat, but the good short de-
mand FOR December, urged en- by the adj
vance IN oats, strengthened the market
considerably, more especially December.
The spread narrowed to s,4Mi3ssc. The
market weakened toward the end in real
iz'ns on the decline In wheat. but Decem-
49, w. 80 az ipW az StSNtTufy y CLOS
Ing price; receipts 3A cars; Atlautic clear
anoes 337,0O0 bushels. May ranged from
3o's to 29%@29s and closed ssc lower at
the latter figure.
Oats attracted as much attention as on
yesterday and big business was done.
There was an effort Of December shorts
no get otnt and good buying by parties
arxsous TO increase Their lines, the re-
suit being higher prices In that option al
most from the start The feature was the
reduction In the December- May spread
ifo'h &c at the c.ose yesterday to &c to-
day. One prominent HOUSE, took on about
2ooo,Wo bushels December. May did not
show much strength Light stocks and
q good export demaud were the bul,ish
factors. Receipts were 293 cars MAY
ranged from 22% to 22A. closing Am%c
lover at 22N. December closed &c higher
at %.
There was fairly good trade In pro-
VISIONS. The feeling was weak at the
start. probably In sympathy with wheat.
commission houses seemed plentifully
supplied with good buying orders, and
the demand from this source, coupled with
modeiate buying by shonts made a firm
market for the rest of the session. though
price changes were small at the close
January pork was unchanged at s. 80. Ian
uary lard unchanged at 4. 80 and January
ribs unchanged at 4g7la There we're
small gains In pork and RIBS In other fll-
lures. ~
Estimated receipts tomcsrow--Wheat II
coo head ''e' ~
The leading futsires ,-anyad 20 rov.n