The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-02-11
GRAIN MARKETS STRONG.
Wheat. Corn and Oats All Close at
Higher Prices.
WHEAT BEING SHIPPED TO EUROPE.
English Adviccs Said supplies We're
Observation-Disclosures shipping by
LcbiEh--Proyi siOns.

Chicago. February i0.---Coniii nation Of th
ncws that the Letter clique had contracted
~ move large amount OF its wheat holdings
\ abroad was tho oycrshadowing influence Ii
wheat today. 1t made a strong aud active
market, and. belled by Arm cables, resulted
In an advance OF nearly \ cent In thu May
option Wheat was not alone In the buoy.
ancy. Corn moved up another cent and oats
gained sale. Provisions made new high
| levels. but heavy realizing broke the market
and closing prices were Irregular, 2isc higher
to 2isc lower
The first hour or 30 in wheat showed a
Unmarked undcrtono OF strength and prices
moved upward. opening sales of May, which
closed at a59sn96, were made at 9BiaMs6k. Inc
strength apparently came from liverpool.
! Private advlces from tho English market told
| OF rapidly decreasing supplies.
Soon after tho opening May dropped TO 96is
M96h on realizing. then slow advance
started which carried tho market up to 96ia
M369s, when another reaction occurred, May
| declining this time To 96Ss. Sellers were not
without encouragement. Northwestern re-
ceipts were il5 cars, against J03 last week and
2Jd n year ago. Chicago receipts showed a
falling on being fifty nine cars today.
Kansas messages stated that crop prospects
there were the best ever known and the out
look In Michigan was also good News from
Argentine caused some hestancy for time.
Broomhail estimated the Argentine shipping
surplus at a2hoo0.00O bushels and said he
looked for shipments from that country to
Europe this month OF about 5000 900 bushels.
report that between 100000 and $780, 900 bar
rels OF -four had accumulated at New York
was also influential In the decline.
About II o'clock the market again became
strong and decidedly active. An authoritative
New York dispatch put the -four stocks there
at not to exceed 100000 barrels outside of that
already contracted for shipment. Everything
else was entirely ovefshadowed by the cHs
news. Reports that Letter had contracted to
ship 100000 bushels OF wheat by the Lehieb
valley TO the Eastern scaboard, which were
circulated yesterday, wcrc confirmed today.
and 1t WAS further ascertainod that wheat was
going forward on a through rate to Europe.
There were also rtlmors of other large lots TO
be moved out. half of it being rail and though
not entirely confirmed were received with
credence by the tradern
ny noon there was a big trade in the pit 4
and prices under a general buying demand
had advanced TO e1M97ls. Many o: the early
sellers were forced TO buy back their lines.
lhc price was well maintained at the top for
some time, but offerings became froer late
IN inc session and n reaction 10 96 rs took
place, the market closing steady AT that price, |
Considerable interest was shown in corn
and tho market In the main was very strong |
Small country offerings. soft weather good
were all factors Provision and leading COM !
mission houses were active buyers. Heavy /
realizing by holders caused some reaction, but |
the market was strong at the clos.
oats were active and firm The feature was |
the reported sale Of $4,000 bushels for ex-
port There was good realizing at the ad- |
vance, but all offerings were taken.
Provisions were active. unsettled. May pork |
closed ~ higher, lard and ribs 2is lower.
Estimated receipts Friday--Wheat SO cars:
corn, $50 cars oats, 260 cars and hogs 2S 600 |
head. M
Tho leading futures ranged as follows: