The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-03-09
BULLISH SENTIMENT,
Substantial Advance Was Recorded
in Liverpool Markets.
JULY OPTION IS NOW THE EAvoRITE,
Letter nnd Houses which Have Been
Heavy sellers Turned buyers.
Receipts We're Heavy.

Chicago, March S,--Whoat developed into n
| bun market lato In tho session and closed
| nc higher for July May closed unchanged
| l'cclines resulting from Guinness ana Deari -,
| statistical news were recovered by puyinB ny
| Letter and by houses which hive been heavy
sellers recently. Corn was Arm on the re-
| ncwal OF shipping business and advanced 80
No. Oats closed &c higher Provisions were
weak. May pork closing Use lower. May lard
hand ribs unchanged.
II A weakly defined bnllish sentiment was tnp-
parent at tho opening ~ wheat There was
a drop In English cousols. rejecting the ap.
prcbt rsons of trouble between England and
Ruegih and liverpool showed substantial
ADVANCE reporting that receipts of wheat
during the last fifteen days had been consid-
oraily below requirements. There was also
seomhgly less prospect Of war between the
uultti States and Spain. aud plenty OF bearlsh
local news was at hand but the crowd was
too hulllsh on the European situation to pay
any attention TO this at FIRST.
With good demand from shorts, July
opcned 10 higher ut a0@, aud advanced at
once to 9a7s May opened Ismaic higher AT
;;o5Aa1 OIL, The latter delivery, however.
almost censed to excite interest. AT Dos for
July, offerings became heavier, that being
"eali" prize. There was free selling against
those privileges and good deal OF scattered
This resulted In q gradual decline
In July TO o0ss.
The heavy receipts here and In the North
wcsl wpre influential In this decline Mime
uptlis aud Duluth received 80 cars, against
WV 'tl0N WIN hilN hi~ "a gNtl Nfpt 'HiAslbV ~
ccipts were 1873 cars 20 OF which were OF con-
tract quality. Bcsidos tho contract wheat
IRON regular HourCes 81 cars aud 1900 bush
els were transferred from unlicensed houses
y long period of dullutss followed With
prices keeping within an exceptionally mar
row range About the only Incident was the
support given May by Letter brokers at IN.
10 which figure thai delivery had dcclined,
This buying prevented the market from get
ting below that figure.
Around the closing hour the market began
- slow strength agaiu. Lad reports as 10
the crop conditions In Missouri and Illinois
came ID. The Atlautc port cledrauoes amouut-
ed tc ir,000 bushels. Buying of .luly by a
hou5o which has been 4 heavy seller lately
hocamo quito pronounced, aud, MS the Letter
brokers were ut tho same time supporting
Mo} aud September prices slowly recovered
the odvancc also resulted in considerable
broadening of the trade. rs shorts camo into
the market 10 protect themselves. Predictions
oi Geld WAYS 20 follow rain were ignored
larly. but brought In souio outside buying or
ltrs late tn The session. July advanced to
'lis and lett on at o. May closed AT 0i4
lld september at soy.
Trade In corn was upimportant. Business |
Nas monopoizcd by professionals
onts were slow, resulting In very narrow |
an2c Trading was almost altogether or a |
,valng ordcr.
Provisions were weak most Of the time Tho |
'lnso was steady, with May pork .,ac luwc,, |
ard ard ribs unchanged
Estimated receipts fnr tomorrow Wheat 40 |
AVS corn 5V0 ears, oats 205 cars, hogs 30, 900 |
lepd.
Tho leading futures were as followa: