The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-04-17
B { ADVANCE. In WHEAT.
July Options Close at q Gain Of
Two Cents n Bnshel
ALL THE FOREIGN NEWS WAS BuLLlsH
Letter is Credited win Having Tn
loaded Eight MilIion Bushels.
Corn and Oats Also Higher.

Chicago. Anril l6.--The strength Of the for.
eign Wheat markets and tn, belief that itn-
pending hpstilitios win cause a rlso in prices
nlade wheat today almost as strons as II was
veal yesterday and resulted in an advance ni
2e IN July. Foreigners accepted freely Of
yesterdays cable offers, Corn made the usual
aafahce of Ne, white oats closed isatAc high.
CIR, both markets being affected principally by
wheat Provisions show little change.
Tho traders In wheat we're treated 10 n
genuine surprise at the opening In spite OF
an The selling done here yesterday millions
oil bushels by important long intercsts-and
Notwithstanding the drop OF SO a hushel VI
July. all foreign markets came higher. .<Eiy-
orpool was strong, showing adyanrsprfsnsins
from i to sd. a feature oLS~ advance at
Liverpool WAS the fac, ~ July prices there
were 2'r higher useh The prevailing price in
tuis market or considerably above the aver.
age New York reported tho accontances Of
wheat In all positions made by cable from
mere Yesterday were the heaviest of the sea
sun, practically everything offered being
taken. II was evident from this that tho he.
nel III var ovorshadowed everything else D.,
me minds of the foreigners The opening
uauss ~ jury were at from S5ss TO S5@sc
II
a moment or two the market hesitaied Then
IL commenced TO advance aud for forty five
minutes the buying demand was simply
enormous, All classes OF trades came Into the
hldIhet ior wheat, IT WAS not one-Inan
market the demand was general and broad
me ordinary news was as completely ignored
as II was yesterday. Traders paid but little
attention To anything but the foreign demand
ior wheat, nut that was sufficient. Not until
the price had advanced 10 S1% was there any
marked selling pressure This price, how
ever was wei above calls and selling against
these privileges, coupled with liberal rcalis-
ing, put stop to the advance and caused
the market to recede slowly to Stage Ap.
parently by this time the demand for wheat
nae had been pretty well satisfied, for. although
the market reacted to S7Lc. IL was done
slowly, the latter point not being reached
until about 1880 o'clock
During the last hour of the session Satur-
Gay the market was comparatively quiet but
firm, with prices keeping within "A quarter
cent margin.
Northwest receipts were light, Minneapolis
and Duluth reporting $50 cars against l7i last
week and IA year ago. Chicago receipts
were seventy-seven cars.
The addition to contract stocks today
amounted to l0l.000 bushels. Cleafances from
Atlantic Forts were $4,000 bushels. Worlds
shipments Monday are expected TO show about
Z 600 600 bushels, Letters sales OF July yes
terday, which wera placed at that time OF
8 900. 900 bushels, were estimated today by
many as high as 5000 900 aud as this was be-
llfFeu 10 nave pFacucAlly pun ulIh OUT ul tue
July deal 1t undoubtedly had good deal to
do with the broadening out of trade This
belief was strengthened by the fact that today
his sales We're Insignificant. The closing
price OF July was ss5sc.
Corn was strong in the opening; there was
quite heavy buying all day, prominent local
players being caught short by the unexpected
jump in wheat, by sharp advance IN cables
and by heavy acceptances over night. The
price at one time showed about cent ad-
vance There was an active general trade In
oats. The close was rather easy.
Provisions were very dull most OF the trad
Ing being In lard The CLOSE Was 81 dy, May
pork 2lac lower. lard 2iac higher aud ribs 2l1e1
lower.
Estimated receipts Monday-Wheat T5' corn
200 oats 2s5 cars and hogs 30. 900 head,
l'he leading futures ranged as follows: