The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-03-11
BUSINESS MAS RESTRICTED
Trading ia Grain Mating 90 the
Governmsot Crop Report.
LIVERPOOL CABLES DISAPPOINTING.


cbtcaSo, March i1.-Business ia everything
on change to-day ives restricted hy the forth
coming government crop reports. Wheat was
weak, ra-tIy on the Cuban situation. partly
on the steadily increasing contract stocks and
closed ssus4e lower corn. cats and previ-
sions showed little change.
Dullness marked the opening In wheat.
There WIS q good deaf Of uncertainty re-
gardinz the figures oti farm reserves IN the
forthcoming government crop report and
traders as = consequence were unwilling to
SO deeper either Way than they we're already.
This feeling IN fact was marked throughout
the session aud the market at no TINS ex-
hibited any real degree ot.actiyity- Inc starr
was easter Liverpool cables were diS1ppuiHt-
lhs, showing about I'D decline.
News from Washington regarding the Span
ish complications was also OF a more disturb
ing character aud another hlg abolition 10 Ehs
stocks Of contract wheat at chicago WAS re-
ported. Chicago receipts today. s. cars Of
which Il were Of contract quality. besides
which II cars ana t95Oo bushels were added
from Irregular houses. making over $4,000
from this source in the last three days With
thia news to hand short sellers and weak
kneed holders forced the selling trom the
start. July oIenins ae lower az ge'aG59ssc
and May &c lower at 81 ci1Ht GIG. For lear-
Is half an hour prices kept within bsc rndsus,
then held by an improvement IN corn which
took place about this time. Prices then ln1-
proved trite, July 10 ao9sc and May TO
ON. ii was but temporary. however,
Though no selling pressure OF consequences
developed, there was for the rest OF the sca-
sicn almost an entire absence OF buying or
ders fer July. aud that delivery slowly bat
surely grayitated toward n lower level. Stay
for some time held firm, traders being APP
rareutly afraid TO sell that delivery, but the
weakness in July fDaliy encouraged them and
offerings became free enough to cause a drop
70 St.@i At that price, however, Letter
brokers came ia with buying orders and
farther decline ensued. Minneapolis and
Duluth reported receipts OF s91 ears against
712 last week and S2S year ago. Total pr.
mary receipts were reported at 10000 bush
els. Atlantic port clearaucea, not including
Newport News, were fairly liberal at lsl.d01
bushels Paris was higher and Antwerp IN
changed.
Not much WIS done in tho deferred fr-
tures Santeuiber was traded in to a limited
as high as sic. but dropped back and closed
at the opening figure. July finally declined
10 s0tsc and closed at 9oFsae0hc. May wound
up az SlGi.
Corn was under the influence OF the gov
ernmeat crop report Expectations that it
would be OF a bullish nature caused some
covering by shorts carly In the session which
resulted IN q further advance in prices Wet
weather probably affected early buying lit
tie.
There was only small sralplng trade in
oats with prices keeping within &c range.
The duIlness was due to the forthcoming gov
eminent report. During the morning the mar
kes showed strength in sympathy with corn
but lost II later.
Provisions we're rather inactive but fairly
steady. The close VAS steady with May pork
26c lower: lard shade higher and ribs a
shade lower.
Estimated receipts Friday Wheat 49, corn
tsli. oats go cars aud hogs q. 900 head.
The ieadtng futures ranged as follows: