The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-04-12
HOUSTON DAILY POST TUESDAY MORNING. APRIL - 1888
WHEAT SUFFERED A LOSS.
Presidents Message Not a Peatur.
Ia Transactions.
GRAIN MARKET CLOSED QUITE FIRM.
Trading in Provisions Light and
Prices Low or on Several Lines.
Closed steady.

Chicago. April 1l.-wheat today sold OH
~. largely on fine weather and enormous
worlds shipments. Closing prices showed a
decline OF but 3.a7-Sc. sensational crop dam
age reports from California relieving the
pressure late In tho day. The presidents
message was not a factor, the contents not
being generally known until late in the day,
and when business practically was at an end.
Corn, cats and provisions were all easier
and left off at small declines from Satur
days final prices.
Thc opening in wheat was distinctly weak,
July starting at from s4A to ST. compared
with Saturdays closing price of SissdSist.
Several influences combined to bring about
were of more pacific character and as a
were on u more pacific character and us a
good deal OF buying has been done of late on
the belief that impending hostilitfas would
bring about higher prices, this fact was re-
sponsble for more or less unloading. The
weather West was very favorable for farm
ing operations, the early crop reports were
hearsh. The government crop report was
expected to show a percentage of ST. against
81 last year and uncertainty In regard to this
and the fact that foreign markets were closed
had tendency to restrict trade. Northwest
receipts were practically overlooked Chicago
receipts, So cars. liquidation vas started ut
the opening, and was kept Zip without inter-
mission for some time, the price finally drop
ping to S3h This was below put price and
slight rally was caused by buying by holo-
ers of these privileges, July reacting to S3tsGi
s3A. This show of strength lasted but II
short time. rhe visible, which was expected
TO show decrease of about 1,00o,000 bushels,
proved severe disappointment to the bulls.
the decrease amounting 10 but $4,000 bushels.
The market quickly sold off again on this AM
nouncement, and the lowest prices Of the day
were reached. July got down to S3h 1S31t.
The msrke. then steaded somewhat on COW
cring by shorts, but did not rally much until
after the noon hour when the great strength
of the San Francisco market and sensational
report as to the wheat condition In California
put Il different complexion on things, aud
caused the best buying of tho day. The Cal
ifornia reports were the worst SO far re-
ceived, hot norther prevailing, with an
advance OF i-5 at San Francisco. During the
last hour the market showed good deal of
hrmness, July advancing to 50 rs and closing
at that figure.
Corn was very weak carly. The market
soon became dull. with narrow fluctuations
until near the close. when the rally IN wreat |
brought buyers into the market and prices
rallied to tho best point of the day.
Cats, In general way, sympathi7ed with
wheat and corn and ruled weak and lower
on moderate amount of trading. The mar
ket closed fairly steady, ut some rally from
the bottom.
The business in provisions was light The
market closed steady, with May pork ris |
lower. lard 2k and and ribs 2,s lower
Estimated receipts tomorrow--Wheat 10G |
cars; corn, 300 cars; oats, 900 cars, and hogs. I
% 900 head.
The leading futures ranged ma Follows,