The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-02-22
THE FLUCTUATIONS VIOLENT.
May Wheat Was Nervous and Unset
tied During the Day.
july OPTION WAS ALSO AFFECTED
Both Close Higher Tban snturdsy.
Corn md oats Lowcr--provisions
IrrcRuInr--Othcr Markets.

Chicago. February 2fsszwheat was nervou
and unsettled today and fluctuations covered
a wide range. News as rule was besrish
but toinorrow'a holiday and the prevailing
I Letter influence made shorts anxious to cover
i May closed al ~ advance and July izc high.
lsora Corn and oats were heavy on freo liquid.
alton and closed j. aud &c lower respective
! ". Provisions show small irregular changes
I'm closing prices.
Il looked ut the oplning IN wheat se itthcrs
j was TO be another Wild day in'tha pit. May
was bid for at tlio commencement all the
way from si.o6 10 sl.0IFa tic higher Of tho
I figures being an ndyancc OF iJsc over Sat
iurday's closing price. Most OF the bidding
was at sI.o6 and the price settled there for
a moment, Then it arose rapidly to sf.0tis,
/ declined cent and worked back slowly 10
| SE07.
| July was affected although not showing
such rapid or violent fluctuations. July
opened at from - TO 92ls Or sc lower than
saturdays closing figures and advanced dur
Ing the first bulge In May 70 $3.50. This was
followed by u reaction to 9sss and n snbsc-
ducnt rally to ySM.
The break iii Now York stocks and the
war talk IN the morning papers had a good
deal of Influence Oh shorts who were anxious
10 cover, which wnB responsible Tor the nery
ousncsB thu market displayed. some bullish
strength was also Impaired by the steady fall
ing oil In the Northwest receipts, Minnebpo-
lis and Duluth reported arrivals of 'i3O cars
against Si3 cars last week. Last weeks re-
ccipts were for two days. however. Chicago
received seventy ears. Worlds shipments
woro heavy at 1873 900 bushels, but this was
offset by another large derrcaso in Liverpool
stocks of about 00U bushels,
Though Letters representatives claimed
they had nothlng TO do with today's market
In. Hall .I an Ia.
buying which was done on every soft SPOT
was for his credit aud this belief added to tho
general nervousness, There WAS also gen
ciai disposition to even up on short lines as
much as possible IN view Of tomorrow s holi-
day. Wheat on ocean passage showed AN In
crease for the week of 900 bushels
Up to midday the market showed n sorics
of fluctuations moro or less violent, May
being bid mp at one time TO 81. 0s but drop
ping Mt once to 81 .0'Ie. July acted heavier
aud did not get mt any time above 93ia. The
visible figures, with occasional distinct dis
appointment to bulls, showed decrease of
but 100000. and but for the heavy decrease
ut Chicago owing to the Letter shipments
there would probably have been an Increase
Free selling both or July and May followed
this announcement. luy declined to S1%
and May 10 Si.0s. Toward the close n sud
den bulge In the New York market and the
good exports from Atlantic ports, So OuO
bushels, injected some strength into the de-
cining market and slow rally followed At
92ss.
There was heavy selling of corn from every
direction The market started strong and
higher in sympathy with wheat hut heavy
Incubation started at once and the price soon
last its carly advance. Heavy local receipts
y Visible incieaso Of H. 3j 900 bushels aso
encouraged short selling
TIE market for oats was similar To- that of
corn ~ Us action Tho start WAS strong
with wheat hut the market soon yielded TO
senernl selling md lack OF support ana acted
@eaN Tor the rest OF the day
Provisions were fairly active and irregular
AZ the close May pork was 2Isc lower; lard
2lrc higher and ribs eisc lower
Estimated receipts Tuesday; Wheat 81, corn
sgp' oats .a1 cars and hogs 2o,o00 head
ARTICLES Oman fIiph .n,J 'f,jogn'