The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-05-14
4 BIG SLUMP IN WHEAT
The May Option Slumps Off Fifteen
Cents a BusheI.
JULY PORK DOWN FoplY.FIvE CENTS
the Nenrncss of the Tc.ns Hnr-
vest Frightened the shorts.

crnI decline on the board uf trade.
Nrny wheat closed at n loss of Zoe,
July 10 and September {. 1-Sc. Pro
visions foiiOvcd yhent.with declines
Of doe In July pork and f3c In lard
and ribs. Selling wns by packers
md longs generally. Curn and oats
suffered II loss of 5-Sc cnch on Iiuui-
Iption.
Wheat opened weak nj i&n2'sc lower fol
july Il ar it closed being ever "a range Of
/ pi6il .oGls. May opeled wopk ut l.5O, Il de-
olinc e: lie overnight September dropped
'tM1c bushcl at the start, the first trarsac-
tions telng at aAmseik Before any recov-
cry nom the opening bearishrcss was peg
ceyublc, July sold down - 1 ok ard Sep.
TENDER to SSA.
The Liverpool market was remarkably
sicaGy. showing only about lc loss at thl
start IN the face Of yesterdays bicaL. Ship
nIrnis from Argentine Of only Si 00j against
llt0 nlW bushels last week way considered a
huil card, but failed to infect the inarke..
ownG to heavy receipts. Later receipts az
froFu'cd $4,000 bushels, compared with l3S,
600 the year before. Chicago received l6j
cars. aEulust : u year ago. Duluth aud MIN
neapolis reported 5i5 cars, against 40 last
year soahnnrd Gearan'es footed up $4,000
buhhel., Whcnt ana -four.
shorts were exit emcly nervous. PIT trad
INK Was small, ard, although professionals
venured modest flyers on the short side, they
TAN Ia cover after the slightest return Of
SiltuEtl In the market. July after touching
LUIS, rallied TO l.07, but slid oil easily agau
WIN demand from shorts failing Closing
cRlics showed an increased bun Wuauincs3
abroad. with declines Of 2ii63bd at Liverpool,
lMd n, Paris aud hc a. Antwerp.
hcholts oi harvesting front TeNas ana a
probability of an ea,y ont were not roassur-
ID Ia ft.t IL .suI, tn
w. closing at i0lh bid u net loss ut &C..
May which started at 80, rallied to I.55 on
Letter airport, nut oafed on near the END to
is and closed nt l.5U sellers. not loss OF
ldc Exporters reported pa f0los. September
HFtird vale lower at say ENaia sold on TO
~, closing .iac net lower ~ SSN selers
Corn was for sale 10 large chunks from
start to finish Concessions were made Of
l.r "a the opening. slight rally followed,
nat fchcNod li1didaton forced tho price up
again Foreigners were reported rescllers
of Germ h-ught for forward shipment Tho
Lvcrrool market was weakened by frocr Of
torug5 Of corn from Argentine The decline
az Lncrpool was '2d for spot and t4WlMd
for iuturea Roporta from the country were
be- rcsorted to extensively on account OF SEED
hhNinC rotted In the ground, Local receipts
| were GO cars; Atlantic clearnuccs $50 00l
bH~hcls. Argentine exports for the week
were 3i9000 bushels, against 100000 the week
before
Tho opening business in July was at from
close yesterday. Considerable was wanted Al
| tho reduction and tho July price rallied Il
| 3hbWS6Ns but on the continuance OF sales o
| lo1f corn it dropped to aiN6357s and CLOSED
| al ~ sellers, a net loss Of &c.
Only moderate business was transacted Ii
| the oats market An easy feeling prevailed
with May longs anxious to sell The favor
! able weather was Responsible for the easines.
| OF the moro distant futures. Receipts her,
Were $50 cars. May closed with total Loss
| OF Nc. July started at 81 We below yos,cr
| day sold at 21M and declined to 2GSs at til,
close, n net loss of sc.
Tn" disposition Of provision traders was /,
| take profits on strong spots In the market
| me lowest prices were prevailing at tn,
clo4c' Tho opening was weak ut lOdg0c de
cline IN pork 2hG6r In lard and eBI17tSc I,
Jus ribs. That WINS succeeded by "A cnnsid
cradle upward reaction. But the uptiirn wn
met by heavy selling on the present nacker
ahd prices quickly receded closing at IN,
| lowest point Of tho day. outside trade wa
| considerably lighter than yesterday and pron
a. ing w0s general Tota, hog receipts a
| western points were Go nO0. Lard at Livernoo
was quoted I'd higher ana bacon id9g oyo
Yesterday, bur oven this fullod to sustain
prices here, July pork ranged between II n
ana i27'h, closing &c lower at llG5 Jul,
lat closed ut th0; July ribs at 6l2ie
Estimated receipts for onorrow--Wheat %
head. "Ve' -''''
tho loading futures ranged MS follows,
| Arttptca-