The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-03-29
GRAIN MADE RECOVERlES.
Sharp Advances on More Encourage
Political Rnmors.
BIG DECREASE IN VISIBLE SUPPLY.
Az One Time Prices Tended Down
ward, but This WINS Followed by
Boom In Everything.

Chicago March 2s--Tho question of peace
, ! or war overshadowed all else on change TO-
Gay. Assumptions OF peaceful solution oil
!, the Cuban question resulted In sharp recoy-
/, cries from carly derlincs, and with tho cXcep-
Il ton OF oats everything closed strong and
higher. Wheat advanced I-sc FOR July and
/. IA for May. Corn closed ssnla higher; oats
shade lower and provisions 2f.6Isi, higher
4 Wheat started with an appearance Of firm
ness that gave way almost Immediately to
one Of weakness There was n mild DISPOSE
1 ton shown at first to cover short lines on nc.
/ count Of tho low temperatures prevailing In
| the Northwest, Heavy rains were reported
! over the winter wheat country and fears of
further damage by the cold, coupled with
| the expected strength at Liverpool where
some futures were 7-Sd higher started the
market rs far as July ana the more distant
futures were concerned. at prices shade
better than Saturday close, smaller he eiptg
In tho Northwest also offered encouragement,
To the bulls But The market turpcn weak
at once. What little demand there was from
shorts had been soon satisfied ana as no other
support Of consequence matcrialized the de-
cline for II few minutes was rapid, July scli-
ing oil from S3lsISah, Its opening price, TO
Sges.
Somo liquidation was caused by the large
world wheat shipments, which amounted to
Si,3,0o0 bushels. Another source of weak
ness was the large addition to the contract
STOCKS. Busides twenty seven ears received
from regular sOurces, fourteen cars ana ~, 400
bushels No. Northern were received from,
mixing honsos, total OF about 203,VuV bu.ri
In all. Chicago receipts were III cars North
west receipts wcrc 396 cars, against 74a last
week and Gil year ago.
Alter tho decline In July there was n rally
to 81 IS on covering by scalpcrs, and prices
saEgod again in short time 10 s29s, anu held
around that figure until about III o'clock
Then the market began TO improve.
Decrease in the Visible supply 1856 600
bushels was much greater than was looked
Tor. hut everything else was lost sight OF in
the consideration Of the news relating to tho
CRISIS between the United states and Spain.
Reports that Spain had accepted the srsces-
ton III regard In Cuba in Tho presidents
message started buying demand that li-
crensed In volume as the session wore OH,
ana did not cease until the closing boil sound
ca. shorts OF every description were driven
10 cover and investment buying, which has
bcen almost totally lacking for some time
was inevitable, Half an hour from tie close
July bad advanced to STA Realizing was
quito heavy at this point and the price re-
acted to - IS, but rebounded again very
shorty The close was strong at 50 bid. May
was traded In very little. II opened " lower
NJ iosis, but advanced Mt once to Oi. and
during the activity in July sold up as high as
1.H1M and closed Mt i.04n
Corn WINS fairly active and firm win Tho |
exception OF q short time after the opening,
when some decline took place, in sympathy |
with wheat The rally in wheat aud the un.
favorable weather turned the market very |
strong later shorts leading the buying
oats were heavily radcd during the morn. |
Ing by, all classes Of longs. Liquidation was |
Sonerai and prices broke sharply. The mar |
kot reacted when the turn in wheat and corn |
chn,c' nnt inc recovery was only TO previous |
Pre- Dec summing demand was light.
PROVISIONS were weak during the FIRST part
a. the session At the close May pork was |
l-,2 higher, May lard sls higher and May ribs
Estimated receipts Tucsday.--Wheat, 100.
head. ''s'' -''VVv
Tho leading futures ranged ms tolIow,;