The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-04-20
AN EXCITING OPENING
WHEAT WAS WILD AT THE BEGIN
MING, but sIMMERED DOWN.
May Closed Mt s5c at Chicago--Cash
wheat Passed the Dollar Mark
at ST. Louis

Chicago. April l9.-After a very exciting
opening today at an exceptional advance
in its prices, wheat simmered down to
about it's usual subdued nervousness. The
final outcome was that May closed worth
15 and July "A 7-Suf5. as compared with
1884 and 75ls respectively Saturday after
noon. Other markets had q somewha t
similar experience. except In the case of
provisions Il, which no advance was es-
tabl.shed for the day. The outbreak of
hostilNies between Turkey ana Greece
overshadowed all else in It's influence on
the markets.
AS was expected, whea; was Wild and
excited at the opening, the news that war
had actually begun proluced consterne-
tlon among the shorts, and the utter dis
regard of caution displayed by a major
ity of them was clearly indicated by the
prices they paid at the first on-rush. NAV
wheat. which Saturday closed at ISN.
started this morning in one mighty bound
from 3A to AZ higher. Both May and
July were bought at from 7177ps. with a
few sales as high as rs. So utter was
the confusion ard haste 10 do business
during the first few exciting moments
that men standing alongside each other
ia NilS Psl Ntls NSiiib pASaAlNS5 ~ pSA
bushel difference. Most OF the usual sta
tistical news was wanting. owing 10 the
closing CT tho foreign markets during
Easter holidays. Private kilograms. how
ever, showed a curb advance at Liverpool
equal 10 Cd per GENITAL.
Although reports from the groR.nE crop
were enough In themselves 10 produce Il
strong market, IL is probable that after
Saturdays excited bulge reaction would
have been recorded toady had IL not been
for the outbreak in ho9u.ties in 1surope.
As Vt was, after the FIRST wild scramble
the excitement began to die down. The
market helved and sunk and heaNed
again, heavier. in great irregular pillows
for an hour before Its motion Eot Gained
down for n while to the comparative rip
pie of its ordinary fluctuations. RealiSl.i]
during this time was enormous Line
after line of long wheat was thrown on
the market. and acted Ike oil on stormy
waters. Indeed this fact probably pre-
vented what many looked for today
E.amely, 500 wheat CpdahS and Linn II
Barrett were the most conspicuous sellers
during the first hour, the former sup
While the latter sold FOR the abort &c,
count. Cudahy and Linn were credited
With clearing something Ike SlonVo each
as a result of the days transactions. he-
fore the price settled down In the man
ger Indicated 1t had touched "a 3-S on VT
downward course and reacted to around
IS. 1t rose again TO f6 3-S, once more GOT
down To rs and closed at that MINNIE
apolis and Duluth receipts were sos oars.
against III cars the correspopdins day OF
the year before and de2 g week. ago;
Corn was influenced chiefly by the ex-
cited feeling in wheat, and at rhe open
ing much resembicd that market in the
wide range of prices. There was instant
reaction under realizing by holders. AMI
for the balance of the session the market
ruled comparatively quiet. Experts. l.lOt.-
600.
oats opened firm on the war scare and
sympathy with wheat and corn and for
time exhibited considerable strength. with
free covering by short sellers. The mar
ket then sueadied and prices gradually
advanced
Provisions were excited for q few min
utes at the start by the var attack. but
the packers had more for sale than there
were buyers, in consequence of which tho
early buyers had cause to regret their
impulsiveness.
The prices made in the first fifteen min
utes were the highest OF the day and at
the close they were near the bottom of
the range.
Estimated receipts Tuesday-Wheat,
cars; corn. l25 cars; oats. lS5 cars; hoes.
10000 head.
CHICAGO.
rrla 1pndrnU futures ranged fOllONs.