The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-04-13
GRAIN MARKETS STRENGTH.
California Crop Damage Was Of Sem
sationai Character.
GOVERNMENT REPORT FAVORABLE.
This Caused nm Easy Feeling nj the
# observation-disclosures Complains OF
Drouth-Othcr Markets.

Chicago, April 12--Whcat today closed at
an advance OF ISa1a. for July For tho Sec
ond day In succession California crop damage
reports OF sensational character had an
important influence. The California reports
and an enormous continental demand made a
strong market. Corn and oats woro helped
BY the strength Of wheat and closed at SLIGHT
auynncCs. PROVISIONS wcio dull and left off
nc d tfiiio decline.
Tho government crop report shows n gain
at ~, compared with ILL last ycnr, which
was responsible for tho easy feeling which
marked the whcat opening. The report did
not estimate tho area planted but IL is gem
orally bolirSd to be larger than Inst year and
the comparatively high condition figures
caused quito light scattered liquidation at
hist. Another beafish factor was the uerfrct
weather prevailing in the entire crop coua-
try.
The trading IN july ranged from ssls, com
pared win Yesterdays price OF SO rs. For
a brief time tho marriott held around these np-
ures. Then light Northwest receipts and lib
efNl commission hnuse buying supposed To
DO Tor ST. Louis shorts, resulted in harden
ms oil prices and a slow advance, which was
continued for nearly two hours Minneapp-
" and Duluth receipts continue to fall on.
IHl cars today, against IS last week and hoi a
year ago Chicago receipts 100 cars Additions
70 contract stocks today amounted to 1860 UOy
bushels.
before 1850 the market had advanced ia
SiHs. This was close to the call price aud
selling against the privileges coupled with
nauiaation OF a. general nature ON The swell
sent July back TO SPA In this reaction the
lnnuenco of Bradstreet's report showing an
increase Of l,ii6000 bushels was felt The
hiS Increase showing caused a good deal OF
snort selling. Before noon the market had
begun TO recover. The advance WAS slow
large exporters OF wheat in san Francisco
Haid there would be no further exports from
theio Tor iifteen months and Chicago Arm
had sold for 1t lot of December wheat AT
ac premium yesterday Kansas complained
oil drouth and the market after the noon
hour rapidly grew stronger. Besides the sun
market was stronger than In the earlier
houra The last hour of trading was quite
active. buying being general aud heavy, and
The prices advanced sharply. The strength
was maintained to the close, July finally ad-
yancing to S5ss and closing firm at S5Aa5
500
Corn was weak most of the day Favor.
able weather and some increase in the May
liquidation ana very little demand was mani
Tested until later in the session. The strength
OF wheat finally overshado@ed everything else
ana drove shorts to cover. corn becoming
steady near the close with all the decline
Oats were steady for May but easy on the
more distant futures fnn Their being re
sponsiblc for this Trade was Slow and of a
character. Everything closed
strong with wheat there being good gen
oral buying late In the session,
Provisions were dull AT tho close MAY
pork was lower; May lard unchanged and
ribs 2ia lower.
Estimated receipts tomorrow--W Wheat Is !
ears: corn, los cars; oats, 23l cars. and hogs, |
% 900 head
The leading futures rnngcn ~ Tollowr.