The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-02-06
WHEAT RATHER ERRATIC.
At the Close Decline Of a Quarter
Was Recorded.
TRADING ALMOST ENTIRELY LOCAL.
Weekly Exports Were Not Up "a
OBSERVATION-DISCLOSURES Heavy
and Liverpool Lower.

Chicago. February 5.After q dull and uu
interesting session wheat closed today Mt u,
decline. Trading was almost entirely local
and fluctuations wcrc narrow. Corn closed
unchanged. Oats were strong. but advanced
only sc. Provisions reached a now level OF
prices, but reacted and closed unchanged to
/ a shade lower
For few minutes around the opening
wheat was inclined to rise on some buying.
The market mt Liverpool. after opening a
little higher, declined and closed u to x
lower, In the face OF yesterdays Improvement
here. On this account sales OF May were ut
a slight decline. May opening ut esssGfs6.
against yesterdays closing price of eSh. be-
sides the Liverpool decline, Northwest re-
oelpts continued heavy. Minneapolis and Du-
luth reported n total of ss7 cars. against 800
last week and 27s year ago. Chicago re-
ceipts were As cars, The weekly exports were
also not up to expectations. 3334,0O0 for the
United States, against a,5o0,o0o bushels the
week before sAi III
a rathte bcarish showing OF tho visible was
looked for Monday and New York reported
moderate selling at the opening for foreign
account. Notwithstanding NIL this the market
became strong almost Immediately. Moderate
buying by local long interests principally,
supplemented by little covering by st. Louis
y
the price OF May up TO 9bbs995ss. The adj
vance was helped by the continued strength
of oats and provisions, both of which mar
kets showed new prices for the season during
the nornirg. There wers reports OF grain
famine from parts of Southeastern Russia
and California reported a continuation oil the
dio uth.
* fnrtor in the advance was the report that
the reduction of the Italian grain duty would
probably remain in effect until the last OF
May. After the advance to s5aGs5es. the
price eased on slowly TO s5a on realizing.
hut closing Paris cables caused another brief
period of strength and n reaction to 3oSeas
95iS. Paris was hrfu Mt i0di5 confines for
flour and 10M15 centimes higher for wheat At
the closing hour prices gradually recovered.
There Were moderate, though persistent Of
ferings, principally in the way OF local even.
ing-up transactions, and May iinnlly dropped
TO 95 That price was bid al the close.
Tho market for corn was firm but dull,
with prices averaging little over yesterdays
close. The market was a good deal Influenced
by the action of oats. Wheat scalpers were
moderate buyers. The slight advance disap
peared under realizing late in the session, the
market closing steady.
Oats were again quite active and the market
made a new high mark for the season. Re-
ports of large cable acceptances We're an I'M
portant factor in, the advance. There was
heavy buying by the most influential traders
and shippers and commission houses took
quantities. The advance brought out liberal
realizing and part of the advance was lost,
the market closing firm.
Provisions were again quite active. Prices
reached the highest points OF the season. hut
heavy realizing at the top caused a reaction
the market closing steady, but with all the
lost.
Estimated receipts Monday--Wheat, 20 ears.
head.
The leading futures ranged rs follows.