The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-04-22
GRAIN And PROVISIONS.
Everything 10 the Hog Product Line
Advances.
THE GRAIN MARKETS OVERLOOKED.
Pork Makes Another Mig stride Up-
ward-HoRs HiGhcr--Grain Goes
Higher with Provisions.

Chicago. April 2i.-ProvIsions, not grain
| led the way today on change Tho excellent
cash demand for hog products and the cx-
pcctcd call to supply the iirmy and navy led
spectators to load up with pork, lard and
short ribs. Outside buying orders we're more
numerous than at any time since 1888. At
the end July pork showed an advance Of 67ta
per barrel lard and ribs gained 27ikfi3o each
Wheat was very cratic, but recovered an
carly break OF ~ and closed with net gain
for the day OF 1dt1h, the latter In September.
Corn and oats symsathzcd with the other
market. closing ls9ss higher than yester-
day.
With big cash demand In sight and tho
certainty of war, tho provision market started
strong. Hogs were 10 higher at the yards
July pork opened 30 higher, ut 10 80 but the
advance was met with free selling. and prices
| sharply declined AT inside figures, however,
the urgent demand prevailed and as offerings
were made, there was considerable compete
ton FOR them. resulting In a runaway market
aHd sharp advance IN prices from all direc-
tons. which were well supported to the close
The receipts of products from the interior
were quite large, Indicating that packers are
delivering freely ON contfact-of lard and
meats about "a ears. Shipments were moder-
ate--of lard and meats l03 cars Liverpool
quotations were advanced Is on sides and
backs and slxpence on lard July pork opened
at the top figure. Lard and ribs advanced
propertionately. July lard sold between i2iA
and 5.65, closing Mt SOS, July rsos sold be-
tween 8. iON56IiA. closing at 5.G1Ia sellers. u
net guin OF 30.
There was revulsion Of feeling today
at the opening among wheat traders from
the extreme bearishnoss that y1'cvailed In the
last half hour yesterday. 1t did not last long
after the opening and was succeeded by a
fresh spasm Of weakness. The strength at the
start WAS pnrtly tho result of discovering the
righteousness OF tho Rothschilds canard that
scared the holders of long wheat the previous
afternoon and that state of war virtually
exists. In addition to that the Liverpool
market was again higher The reaction that
followed the opening bulge was the renewed
expression OF the prevailing sentiment among
the most active of the local heavy operators,
that wheat is much too high In view of the
limo prospects for next harvest.
Chicago received il3 cars, compared with
ii last year. Minneapolis and Duluth report
ed 1875 cars. compared with Sof the year be-
fore. The crop outlook in the Ntsthwost was
reported very rcassnrIng, and when later
hes reported the advance abroad most pro-
fessionals let 20 their holdings freely, and
july touched S1,s. The unusual strength in
the Northwest with rise OF "a at Duluth
and 1N at Minneapolis for July and the un-
certainty of the effect OF war on trading
caused selling The market gathered strength
and by 1880 had recovered the early break
Closing cables from Liverpool showed an ad-
vance OF Id In spot wheat Atlantic clcur-
nnccs amounted TO $40. 900 bushels, wheat and
-four, July rose to ssss. subsequently, col
lapsed to 81 7-s, hut was ereedily taken by
those who failed to get IN on the hrst bulge
May sold between l.llhal12 closing at the
top.
Corn deceived tho local talent. July opened
higher with ~ mi of mn hy fha
bears and forced off II. Receipts were isi
cars. clearances $4,000 When wheat started
up corn shorts ran TO soycr and bid the price
up rs. closing II Mt the top.
Oats followed tho course or corn receipts
400 car/. clcarnnces $50 900 bi shells. The mar
kot was oversold by professionals early and
their covering forced prices up Il, closing at
the top
Estimated receipts tomorrow Wheat ~
cars, corn 41o cars. oats 400 cars and hoga
1000 head.