The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-04-15
GRAIN MARKET ERRATIC.
Activity Mas Only at the Open log
and Before the Close.
MY WHEAT MAKES 4 nigh RECORD.
The Close WINS mt st.1tIs Wnr News
aud strong cables caused
tho Advance.

Chicago, April Inlay wheat closed to.
day at si.iiiz. tho highest point for that dc.
livery reached during tho long Letter cam.
| paign. War news and enormous sales Of cash
wheat caused a sharp advance In July also
but II was lost under heavy rcslisatIons and
July closed unchanged The market was a
| spasmodic one. Corn left off at I,fino ad.
vance. Oats closed ut-ch,ngcd. Provisions
showed ecciincs OF 5al2is.
| inc wheat narko. was In many respects a
peculiar one. Although tremendous busi
moss was done mcst of the activity vas
crowded In the half hour Immediately fol-
lowinE the opening and preceding tic cicse.
but IN this brief criod enormous lines of
wheat changed hands The opening was very
st'ons all around, Nay being especially prom
ncnt.
Inc continued gravity OF The news from
Washington was at all times factor. But
traders were for the most part influenced by
inc sharp ad"ance which took place at Liy e.
orpooi' futures in that market showing 1MN
"a advance early aud increasing later in the
gay. This was apparently due to apprehen-
Mon OF hostllitics between the United States
ana spain. Another result. of this ann chen
sIoi, ana one which had great effect OH
n
crs OF everything offered them
The heavy sale OF wheat for export ycstcr-
DAY by Letter wns overdonc today that house
alsposing OF 100000 bushels over night at the
ADVANCE OF yesterday. The effect on pricrs
mere was marked. May. which closed yestcr-
gay at 81 0SA, started today at from 81 10 to
I;lV4. u rush OF buying orders carrying the
price Immediately to Sill AT these figures
Letter supplied everybody who wanted wheat
ana tho result was II reaction to 81 10 and
idter Wv. but no Indication OF weakness was
SHOWN INC bulk OF trading however, was
done in July aud great nervousness was
SHOWN among traders in that delivery. Open
ing prices ranged from 80 to Sg4.c an ad-
vance OF i4Hlssc over yesterday, the nflu-
encos governing May being the factors In
July also. For half Nm hour trading was ex-
trcneiy heavy, shorts frightened at tho re-
cent rapid advance and the character of the
news taking everything In sight But long
wheat "hich has been accommodating, came on
INC market IN Immense quantities, holders
benz satisfied with their profits and the
iriee. Was hammered down to Sslsc under
iiduldaiion. II worked back again under a
Gradual rise to 500. hut there was evidently
plenty OF wheat around Soc and prices soon
GOT under that figure. For about tso hours
SIC. then below It, but with the tendency TO
remain toward lower level MS the short in
tcrest became eliminated.
short selling was the explanation of good
ihIly, finally started and half hour from
IN" close the selling movement had become
general. nony of the early buyers oR,ring
tuolI llfcs inc result was decidedly weak
market for short time, not only the carly
advance being lost but fun cent
besides. 1t looked as II the market
would wind up with the advantage with thu
hears, hut shortly before tho close Letter
brokers started to bull the May price. rhey
were emlnently successful and the high mark
of l.ilis was established The strength was
quickly reflected from May to July. Liquida-
ton stopped ana shorts covered extensively
again, July from size. to which 1t had de
clined. rallied to and closed steady al S77sc
Nay wound up at sl.llG.
Corn early was active and firm the ad-
vance on higher cables for wheat General
selling ensuod and the market became COM
rarattvcly weak, remaining IN that condition
TIL late in the day when the large export
business and the final rally in wheat steadicd
tho price
oats followed the fluctuations In wheat md
corn. Early prices were syripatheticaiiy
higher with good covering by shorts. Prices
soon saegod under realizing. but rallied again
with the strength in other grain markets |
Business as II whole was quite large.
Provisions were the only weak markets on |
the floor. Pork closed 1ic lower, ribs o.
lower
Estimated receipts tomorrow Wheat ~, |
corn $50 oats l9o cars and hogs 5000 head.
me leading futures ranged ms follows;
-