The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-04-08
GRAINS DULL AND WEAK.
Favorable Crop Rspnrts Mas the
Priacipal Factor.
AN ABSENCE or IMPORTANT TRADING
Light Receipts In the Northwest fhe
only Bull Comfort-,ifcl,inan's
Crop Condition Excellent.

Chicago, April IA combination OF favor
abic orop reports, weak cablci ana an alb
| stnca Of import trailing mudr Il very dull
! ard veak market Of wheat 'oday, Jniy closIt,;
4 at u decline of nhont cent. Ono closing OF
the ;cfogn exchanges until after tic Easter
holidays undoubtedly had some cncet on tLc
| Volume OF trading done. Everything else ON
| the Moor WAS weak. partly through sympathy
with wheat Corn closed &c lowcr, oats 40
nc iowcr and provisions tq7ssc lower.
| continuance Of weakness, which became
| so marked during yesterdays session, was
| remarked In wheat today. July, which closed
| yesterday at 81 1-s9sse. ringing all the way
| from 81 "a to Sqi5 Nearly everything was
| 1saipst the price at the start. The Michigan
crop iopert was perhaps the most important
iartor. Tint report CAV. lie wheat cnndi-
,ion at 9s. the highest April figures sIce
1921. Liverpool showed decline OF ubolt I'D
md continental markets were equally weak
Tho fear OF damage to winter wheat, by
Iiosta. which has lowered oyer The market
for several days, was eiIcctLaily dissipatsd
by the higher temperatures prevailing
throughout the West.
About the only crumb of comfort the bulls
were given were tho figures on the Northwest
receipts, which showed considerable falling
on. Minneapolis aud Duluth reported i95
cars, against 200 last week aud 26i year
the start by local shorts aud scaipcrs. salts
fled with recent profits, but the majority OF
traders We're on the selling siio. Liquidation
by discouraged longs was quite marked for a
Time. and there was soluo active selling as
we'll
For nearly two hours the course of tho
market WIS steadily downward, varied occa-
sonally 10y small fractional rallies as shorts
came into cover About 1880 the bad crop
reports from California which had been
coming in all morning began TO have som.
eject on the market. The conditions there
on account of Geld wave and drouth were
said to he very grave. some reports placing
the crop condition at not over 10 per cent.
Tho effect Of these reports was somewhat
nullihed by heavy rains In California during
the past forty eight hours, but the decline
was stopped and an appearance of stcadiness
given the market. July had previously sold
as low AS s3is, but 1t rallied to 81 rs aud for
the rest OF the session kept close to that
price,
Trading became rxccssiyely dull late in
the session and tho pit nj times was not more
,hah hall Allied. Although the local markets
VIII DO open tomorrow, the closing OF the
continental markets over tho Easter holidays
hHd tendency to harrow the trading here,
mud II iipolly desenerated into moro mar
row Nalpng trade, The close was steady
at IS rs for July.
Corn was easy. steadicd by wheat. bv tho
wgrmer weather and reooits Of larger re-
telpts on account OF the opening OF navira-
non, lhcre was a good deal of commission
house selling nnd some professional Iiuuida-
ton. The decline was stopped by tho heavy
cash brsincss.
Wheat and corn had like effect on oats
tilat market ruling lower from the start
Provisions were weak Nav pork closed
.lac lower. May lard 7,sc lower and NAV rib.
&c lower
Estimated receipts Friday--whcat. os cars
snrh' quo ears; onts. 1913 cars and hogs, 20, 900
Tho leading futures rsnrcn ,s -o,,on,