The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-01-25
EXCITEMENT IN WHEAT.
Ordering Of the Maine to Havana
the Cause.
The BuLLISH NEWS WAS PLENTIFUL.
After the closing Cong Sounded
Nincty-fonr WINS hid for May.
Provision. Close Higher.

Chicago, January a--The last ten minutes
during the days OF the Letter excitement.
Opening at shade advance, the market
drawicd along sill nearly tho close when the
receipt OF news that American warshps had
been ordered to Havana started evury short
| In tho Fit TO cover There was no wheat for
| sale and the price shot up like gush from
resly tapped gas well The official clos
| Ing price for May was given at 95ls. a cent
! and half over Saturdays. but before the
crowd left the pit "a was bid. July closed at
s45s. an advance Of T. Corn and oats were
dull but closed with slight advance. Pro-
visions were strong and showed closing ad-
vanccs ranging from to IL.
There was enough bull news at hand when
the session opened to start the market
stronger than for some time past. Trading
in May commenced at from OPS to s2ls. and
July from sis4 to SIS, showing an advance for
both months OF about Y per bushel over Sat
rrday's closing prices. Liverpool showed an
ae' ance ranging from Il to I'D at the OPEN
ing and reported the market very strong,
partly on account Of tho rapidly decreasing
stock. Another bull encouragement was a
reduction equal to 1924 In tho Italian duty
on wheat
The offerings were quite liberal at the ad |
vance mentioned and continued so for the |
greater part nj the forenoon but there was a |
sufficient number of repentant shorts in this |
market TO prevent any great reaction in May |
Ihat option kept all tine forenoon within the |
range established at the start, except for a |
lc" moments after the receipt of the closing ,
Quotations from foreign markets. II was /
then found that wheat at Paris for the /
March June term had risen i5 confines per |
10 kilos. or the equivalent of 2iac per hushel |
Inc result of that was to raise the price of
May TO H21s, July was more susceptible to
the selling which followed the opening adj
Vances and from 81 It declined to SiitmSt%. |
hut recovered TO SaSiTS47s on buying started
by the nows from Paris.
, NnTthwestern receipts were rather layora
Die TO the bears. Minneapolis and Duluth
rel9rted a total of i25 cars against 525 last
30 cars
After noon prices tended downward till
shortly before the close many holders taking
profits May got down TO 92Is aud July slls
hh at the close the order ordering the Maine
TO Havana was circulated on the floor. and
me Err nit nm IN an instant was in an nproar
Tor cover and tho price shot up so quickly
u fairly took their breath away The price
Mi'mine- Bodman bid 92aa for $4,000 and got
T. He Immediately followed by bid of
Wa FOR jo,o00 bushels more, which no ono
seemed disposed to part with. After that
mere seemed to he more for sale and
very one wanted Il and kept raisiug their
bids til II brought a3& II sagged for an in
itant and aS@ was given as the closing price
,ut the excitement continued after the hell /
'anr, and before the crowd stopped Dt was |
va for May Shorts were scrambliug. and the
uil option touched S5 for a second time,
losing at Si5&dS5 F
Corn was dun and heavy tin the close. The +,
ate Jump In wheat caused shorts to cover
,ecS ana the market WIS steady mt the a
'nSe' Win n fun recovery OF prices u
ne market for oats Was very slow and .
Yl,fout independence. Prices followed The
T.pc Of the market for corn E
PROVISIONS We're firm all day and trade was c
nocotately active, At the close May porIi h
vas vas 70 higher. lard higher and ribs 10 :
rs. mated receipts Tuesday Wheat 40 \
orr "ap, oats $50 cars, and hogs $4,000 head n
Inc loading futures ranged as follows. /,
k,tI,.I,c |