The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-03-03
MAY MADE A NEW RECORD.
The Close Was at the Highest Point
Of tn. Season.
WHEAT CLEARLY A BULL MARKET,
short. In Jniy Satisfied sud That
Option Closed Iowcr-Corn and
Oats Both Decline.

Chicago March s.--Therc were plenty OF ie.
stimhic reasons for an advance In wheat TO-
dry, and the market Up TO a late hoIr did NOT
show a great deal OF strength. May closed a,
an advance OF iRc. Shorts In July. however.
10, fllec and that option closed isc lower than
yesterday. Corn and oats suffered somewhat
from closing out Of long ilncs Corn closed
l,4stssc lower and oats itmist lower. Provisions
were dull and unchanged.
wheat was clearly a bull market at the
opcring The strength which marked ycstcr-
4 days close made ffmncss at tho opening 10
day, which was Increased by the news, which,
| ns ! whole, was OF Mn encouraging character.
! The opening quotations for July were un-
/ changed TO &c higher than yesterdays close.
| There was good buying right from tho start.
| and for two hours tho market advanced slowly
| ani steadily, July getting up TO 9lAd9f7a by
II 80 o'clock. There was an extremely limited
trpdo done IN May, but that option exhibited
moro strength than the later delivery, every
THUG offered being takon by the Letter inter-
ea'i. This support OF May and the fact that
Letter buying of March was also prominent
cxcrted no small influence on July shorts.
liverpool was firm and showed good ad-
rarrcA outside markets showed strength,
particularly New York. which reported the
beS. buying in some time. The stocks OF
wheat at Odessa tho principal Russian ship
p,tB port, were reported ut hut i,S0S, 900 bush.
YIN, compared VIII b.NUV,hVu u year ago
Northwestern receipts were very small. Min
neapolis reported another bly-saie OF wheat foi
shipment 10 Duluth. Fresh advcea from Ar
-enilhe said damaging rains continued
me bears took Home comfort out of the fast
th1t the predicted cold wave following the
recent soft weather did not mntcraizc. aud
also the rather poor response of Liverpool -
our advance Yesterday.
In The hour before noon the market display
cd more strength, which began to bring In
ou'slne buylngH orders. and the best prices OF
the day were scored. July getting up to ggI1
After noon however the market oased off
shorts apparently getting well filpd up and
realizing on tho advance became pretty free,
The weakness displayed by corn also had
sore effect
July finally got down 10 ~. whore II closed
May however continued strong Tint option
opened unchanged NJ 05i., sold AT 05i.
thtn slowly advanced TO 10,, reaching that
point about midday. The ronlzing which fol-
lowed caused a reaction TO | p6l but during
the last few minutes OF tho session MAY was
caught up in another Letter swirl and again
carried to "a. The closing price was [ 067s,
The Highest closing price OF the season. Letter
was credited with some ,luIy selling
selling out Of long corn was the feature Of
that mafkc, AL kent things rather easy II
spite of The strength of wheat The market
wah at first strong, but free selllng-mostIy
Weakening
Tho oats trade was principally of scalp
ms nature, and not heavy at thar. The mar. |
kei In general way followed corn and prices
III consequence averaged lower. Prices carly
wein stronger with wheat, but the firmness
did not last long.
Provisions were dull. The market closoJ
s'c,dy May pork 2iar higher, lard unchanged
hnl ribs .iAc lower.
Estimated rccepts for tomorrow Wheat 81
henu. '''V'
TIC leading futures ranged ns follows: