The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-02-16
STILL SOARING UPWARD.
May Wheat Comes Near Touching the
Dollar Mark.
ALL or THE GRAIN MARKETS ACTIVE,
rho May whcnt--rorIs Advances
Twenty Cents.

Chicago, February t5.--Hay wheat today
advanced 10 within small fraction Of tbs
dollar mark and closed strong with ael
gain OF 1Ac over yesterdays figures. The
advance WIS duo more 10 the anxiety oil
shorts 70 get out than TO tho news The i'm.
| preston is that wheat Is pretty we'll tied NJ
| by Letter interests. Everything on the floor
| was active and strong. Corn closed &c higher
and oats 1-Snic higher. Provisions advanced
sharply, but reacted on realizing, pork closing
zoe higher. lard and ribs unchanged.
| For n few minutes following the opening In
wheat It looked AS " the dollar mark for
| May was at last to DC reached There was
hardly any wheat offered for sale OH tho curb,
ana this condition also prevailed when The
regular market opened.
| itfioftS that Letter had contracted with the
Lchign railroad for the movement OF 1905 600
btahcis OF his wheat to tho aeaboarl ltine
frp.l New York. They were not Bubet1n-
hated but the report rapidly spread that
s'ay wheat w almost completely tied up by
Letter Influences and when the market opened
there was rush of shorts 10 get under cover
May. which closed yesterday at osNgsA
! opened today at as5s to PSI. Gwen at this
substnntlal advance the market was almost
bnrc OF offerings and the price was bid up
steadily tv Wy, a peculiar feature OF me
anNancc was tho number Of top ms Ciders
~ short wheat. Wheat began to romp out
aiter the call price, WHOM Jajs waB reached
but onerlBs were eagerly ne e1tpI, ani III
market ala not hesitate much III eyA Lad
beon reached. This price brought out 81 lot
Of wheat from commission houses and Nav
dropped back 10 soh. There IT. hung for a
time. iho news OF tho day did not favor
ei,ner sue. though more bullish than bcarish,
Northwest fnceiptB were aG5 cars, against
4o2 last week and 2i6 year ago. Chicago
receipts were soyenty-tight cars, OF which
Six were contract grade.
Liverpool was tp HsM1-Sd for futures hut
casn prices showed nearly alt OF yestrrdny's
advance lost. Argentine cables reported yes.
lpfnaya receipts OF poor threshing returns
aud lower cxportnbIe wheat surplus LIVER
pool receipts for three days were only So 900
bushels. Bradsirco,a showed 52i 900 bushels
decrease IN the visible expectations from At.
lanuu ports, l56.000 bushels u Ii,ilc before
noon. when the price shot up again under :,
removed demand from shorts aud this time
the price oil May got to 20 rs before the re-
action came Letter had sold no wheat during
tho day, on the contrary he was charged
win pnyins l1ttlc. This added 70 the belief
that no is In control Of the market and started
inc buying again. AZ midday the price
reached Aass aud tor tho rest OF the session
the market nuctuated between that figure
ana e9h. At the close II was bringing 9ssfD
For the first two hours busness in corn
whs exceedingly lively and sharp advance
was recorded Heavy buying by one of the
elevator concerns started the market strong
and general buying following the advance In
wheat ana provisions, prices moved up RAP.
idly' The advance brought out free Offer
Tugs which were fairly we'll absorbed and Tor
steady,
Oats were strong and fairly active. The
market closed steady.
There WASH broad trade In provisions. tho
market closing rather easy with May pork |
soc higher, May lard AVID ribs unchanged.
Eatimated rcceiptH "Wednesday Wheat. 10
,ars corn; 3.b Scars; oats, $50 cars. and hogs.
u 900 head. -
Ihe laading fntMree talgNd w follown.