The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-03-04
WHEAT WAS IRREGULAR.
July Closed at an Advance, While
May Declined.
a HEAVY ADVANCE IN PROVISIONS.
Conrscr Grains Though Duii Closed
Some H,Rhcr--BniI and Bear Views
Abomt Equally Distributed.

J Chicago, March 3s-sIt was an Irregular mar
ket In wheat today. July WAS strong though
| dnli and closed Mt an advance OF nc Ke-
poels that Spain bad reduced the duty on
grain and the ordering 10 the continent OF
California cargocs aflont were factors, May
was strong for a time. but ceiling by Inter-
rats who hive been dsposing OF 1t FOR TWO
4 weeks ultimately hld Its effect the close
showing nc decline, Corn and oats were dull
but strong and closed itn%c and Ssaisc high
or respectively. Provisions were also frrn
and advanced 1OQ22isc.
Wheat started with a decided upturn IN
! Iily, that option opening ;@a%c higher Mt
ol,lmeIS. The buliishness OF yesterdays
| close was apparently still prevailing, and
enough OF the early news favored buyers TO
| give the market AT the start "A firm tone.
| Northwestern receipts were moderate chicago
received II cars.
III. Price Current said the condition of win
ter wheat was somewhat prejudced In Inn
ite1 portion OF it's area The advance. how.
over induced lot OF selling, and influenced
by some benrish news, the whole trade Tor
tirl9 favored selling, For half an hour or
so there was considerable pressure put on the
price of July, IT dropping TO ~ under the
liquidation. and May. which had opened $50
lower to 1sc higher mt 1.06iaell %, dropped 10
LON. Liverpool was weak and hd lowor.
California reported crop prospects excellent
after the recent rains there, and the primary
receipts were heavy, being 100000 bushels,
About an hour aftor the opening the market
again turned A little support In July nv tne
most prominent bull Interests brought shorts
into the market with moderate buying oricrs.
Reports from New York that half the CaIItol
nia cargoes anoat have been ordered to the
continent also induced buying and a gepcrpi
Improvement in values ensuod July advancing
to alM and May TO .0GA
After ] o'clock tho trado quoted dowl =
great deal There was general slackenng OF
the buying demand, and prices slowly drop
ped Reports that the president had been
Informally advised that the explosion on the
Mime WAS from Without created excitement
around the noon hour, May especially show
ms weakness, Selling OF TINT option by a
tir. which hus sold heavily for two weeks
was again prominent all day and made that
end of the market rather laggy toward the
close of the session. After midday, however, |
July showed some snap II lad II, The mean
time declined TO Jlh, but under n brisk cover |
Ing demand and some outside buying prices
wore sent mp to 9lM Near the close real1- |
ins mostly professional became Too heavy Tor |
gradual decline took place. July finally get |
ting back TO 9lh, where II closed. May slid |
on Ia l .OG and closed At that figure
Corr wng strong, though not especially ac- |
1--we OHerings We're very scarce aud shorts |
mud some difficulty in covering. resulting tn |
a good advance In prices. ON a little reaction |
nom the top figures buying became quite gem
eihl outside support being gwen the market |
ard the close wAs strong.
The market for oats was fairly active and |
Il good deal of strength was shown. Strength |
Of corn and wheat induced some buying by |
shorts and with light offerings prices az I,
Nanced steadily
Provisions were very strong, though trade
was rather dull Tho demand became u,,Itn
urgent near the close. May pork closed 22isc |
his! or, lard i2lsc and ribs Zoe higher.
LIST mated receipts for tomorrow Wheat IS
,ati, corn 30 cars, oats 26o cars hogs 81. |
The leading futuros were ms roIIovys.