The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-02-25
THE GRAIN AND PROVISIONS.
All the Markets Weak with Wheat In
the Lead.
THE SMALLER HOLDERS SCARED OUT
MAR News caused Them 10 n'snpse
OF Their Holdings English
Markets Weak and Lower.

Chicago, February 2i.-.Grain and provision
markets we're all weak today, led by wheat.
The break In Wall street resulting from the
war scare caused geueral anxiety from small
holders 10 get out aud resulted in sharp de-
| clines May wheat closed at loss OF ~
| from yesterday and July lost ", Corn aud
oats closed about nc lower each and pro-
visions show closing declines of from TO
l.i1H.
| selling orders. especially from the smaller
1 holders, were very much in evidence at tn.
opening OF wheat trading and as limited sup
port was given the market. the tone at the
start and Tor some time after was very weak.
! Opening prices of July, which closed ycster-
day at 9iss, ranged from 81 to 9ON. and IN
May from 81 % to 81 Oh, these figures being
lake decline from yesterday.
selling orders came on the market steadily
for a time and the effect Of the hammerng
was shown In decline to o05s in July and
sl.of's in May. The market reacted under
moderate covering by shorts. July reaching
oIh and May $i.05is. These prices proved
to be the high points OF the day. Selling
started afrcsh NJ the advance and prices
gradually tended downward. though nuctua-
tions were very frequent. the market show
Ing considerable nervousness. The break in
Wall street securities and war news were
the oyorshudowing Influences. The smaller
holders showed good deal OF anxiety to un-
Another factor was the weakness shown by
Liverpool In the face OF the small stocks at
that place Tho English market showed a
decline of from x to I'D. The rally In Wall
street had the effect of stopping in degree
the selling pressure and tho first renction
noted followed. After May had got down to
SLEEK and July to 90Ss, q period of compare
tive stcadincss followed There were prices
influence on the market. Letter was also
credited with moderate buying at tho decline.
The market became exceedingly dull and re-
manned so I'LL about II O'Clock. Then radi-
cal weakness developed.
Offerings of long wheat which had been
small for some time increased in volume un
der the Influence of rather sensational Cuban
nows. There WAS considerable pressure on
May wheat, the crowd believed. due to Letter
and this served to increase the nervousness Of
holders and prices steadily declined.
Northwest receipts were 26i cars against
900 last week aud laS year ago. Chicago re-
coived l23 cars. Today'B exports from the
seaboard were rather small. amounting to
2j1 600 bushels In wheat and flour Closing
| cables all showed weakness Toward the
close the market became very weak and lit
tie support from any quarter was forthcom-
ing. May declined to and closed at 81 ON
and July declined to S9iamS9ss closing at S05s,
the latter delivery being supported by a
prominent broker late in the session,
Corn was active and weak influenced by
tho war news and the break IN wheat Llqui-
dation was very heavy from the start from all
sources and prices declined rapidly. Toward
| the close covering by the shorts gave the
market steadier tone, though very little
! Improvement In prices resulted.
The market for oats was active and weak,
! me same influences prevailing as in corn
Liquidation was quite general and heavy dur
| ing tho morning. Weakness was very pro-
nouncod till near the close with moderate
| covering. which caused a slight rally tho
market closing easy.
Provisions were only moderately active and
| weak. AT the close May pork was l7isc lower.
| lard llsc lower and ribs Toe lower
| Estimated receipts tomorrow: Wheat 1915
| corn 65V, oats los cars and hogs 81 600 head
| INC lcading futures were MS follows: