The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-06-29
GRAIN AND PROVISIONS.
Pine Harvest Weather Gave the
Bears an Inning in Wheat.
THE DECENTRALIZATION IN LIVERPOOL
This WINS One of the Depressing
Features of the Markct-JuIy
and September Lower.
THE DECENTRALIZATION IN LIVERPOOL

Chicago June Standardization at Liver
pool and fine harvest weather gave the bears
In wheat an inning today. July left of l'sc
lower and September declined &c. Corn lost
s.6Diao and oats closed 1lsc lower. Provisions
also showed decines-pork &c, lard l5c and
ribs 2tac
Nearly everything was against the price OF
wheat at the opening. The most depressing
feature was the sharp decline and apparent
decentralization which prevailed at Liverpool.
That market seemed wholly Indifferent to our
advance yesterday, and July there was equal
to 4&o lower than the close last night. The
wet Their too, was fair and favorable through
out the winter wheat belt, in marked con-
trast with the condition which prevailed yes
terday.
This improvement in itself was a weakening
factor. and when the slump in Liverpool was
added the bearish sentiment became ire
sistible. Much of the long stun taken on
during the prevalence OF the bull sentiment
yesterday was liquidated ana there was active
selling for the short account and hammerlng
OF the market by professional bears. July.
which closed at 70 last night, sold down to
IL during the first half houi OF the session.
aid September showed Il loss OF 1l2c, selling
a. G5s!. Prices rallied somewhat on reports
from various sections OF the country, and
more especially from Kansas, rciteratlng yes
terday advices about the sudden deterIora-
tion Of the crop prospects.
Lower closing Liverpool cables caused an
other sab III Nmuts anu tue mdrket was heavy
a. Il silsnt Improvement on the lowest prices
OF tie uay until Braustreets report OIL the
cEhhges Tor the week III tue worIds visible
was received. That gave a decrease in ali
positions OF lO,1o6,Vu bushels ana caused a
siisnt rally. But the advance merely served
the purpose oil the bears, VINO had come to
the conclusion that all the crop uaiua1e that
mad been heard OF would still leave more lnun
enoubH wheat Tor all requirements ana conse-
quehtly eAtendc dtnc glad nand to the buyer |
Gil the Bradstrect statement anu accon,nio- |
udled them with all the wheat they wanted |
Tor future delivery. Prices tell oil once more |
nut recovered some VI the loss before tne |
close.
Chicago received cars and Minneapolis and |
Duluth %. the Atlantic port ciealances OF |
wheat ana Hour were equal to about 30O,OJU |
bushels,
July opened l4a2c lower at 7la7l,s. rose to
ia lei to II, then rose to IlSs old, the clos.
ms price September began 5sul1sc down at
loq6C9s, declined to Soy, rallied to 66ia. tnen
'olG down to GG3s at the close.
lAGWoaton in July by prominent longs and
me break IN wheat started corn weak Later
some of the early loss was recovered on buy
nE by the shorts.
oats broke lAc for July. There was a pat
icapcrs
Heavy hog receipts and two more cases of
'ellow fever in Mississippi were apparent
auses for the weakness in provisions.
Estimated receipts for tomorrow: Wheat Ii
'HIs. corn 800 cars, oats 1iO cars, hogs 5000
Lee leodlns futures ranged az follow: