The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-01-13
ADVANCE IN WHEAT LOST.
Weak Cables Mere Against the Ball
interests.
NORTHWESTERN RECEIPTS HEAVY.
Letter Brokers Were Fair Buyers
ON the Decline-Proviaicns Were
strong and Prices Higher.

Chicago January 1s.--wheat today lost all
the advance Il acquired yesterday and closed
at isGsc decline. The market received some
supper, from the Letter interests. but weak
| cables and general apathy OF traders resulted
| IN a decline In spite OF this buying. Corn
| dropped NSfSc in sympathy With wheat. Oats
closed shade lower. Provisions we're the
| only strong market on the ncor and advanced
561cc.
Opening prices for wheat showed siight
decline, May starting at scMdsoa. as COM
pared with yesterdays close of 81. This was
| because Liverpool showed a very small ad-
vance in response to the gain here yesterday
and Paris opened weak and lower. The
Northwestern receipts were again too heavy
to be comfortable to bulls, and small rc-
ceirts here was the only circumstance that
could be claimed In their favor.
The trading WINS restricted by the general
beaiishncss OF the speculative crowd. which
prevented them from buying. and there was
tin!city at the Same time OF being caught
short Under the well known threatening local
conditions that now exist.
For a short time after the opening the mar
ket did not show any great strength. Bro
kers for the Letter interests were fair buyers
at s0Js, and their example In this respect was
followed by some OF the small fry, the price
ad, ancing to 9lh. Rumors that the French
duty on wheat about to be reduced were
peisstently circulated at the opening and
helped the advance. Denials soon became SO
unanimous that the crowd dropped tho tarin
reduction a motive for the decline ut Paris
ana the market hero eascd off from that time.
Chicago received Is cars. Minneapolis ana
Duluth received S67. against 1858 on the same
day of the week before and $50 the CORE
spending day OF last year. The receipts at
Western primary markets were i2N.oOo bush
els. against 100000 the corresponding day OF
the year before.
Liverpool advanced Nd per centai ana
Paris opened sal confines lower. Beerhohm
cabled that Argentine wheat sold ut SSs Cd,
or the equivalent OF i00is On the other hand,
the Minneapolis dispatches reiterated their
region.
The export clearances of wheat and hour
from Atlantic ports amounted TO $4,000 bush
els. Closing cables brought lower quotations
from continental markets, while Liverpool
closed about I'D lower for next crop futures
lsaiis quoted flour Tor this months delivery
"a lower and for March May 10 higher; wheat
lower for both Immediate and remote de-
liverics; Antwerp Il lower for American red,
The price of May fiuctuated between 9o.s
ano 81 for the greater part OF the session and
at | o'clock was selling at 90Is In the last
fifteen minutes the support was entirely dis
appointing and operators who had become
long In the early morning had considerable
difficulty in unloading.
The corn market was easy with wheat. II
turned firm on tho prospect of a cold wave.
but turned easy again wheat declined and
showed weakness for the rest OF the session.
The market for oats was sSw Some firm
ness was shown at the opening, but later
prices fell OF some with wheat and corn.
Provisions were strong throughout Tho
market was we'll supported 10 the end. Pork
closed iaisc, Mary lard DC and May ribs Zoe
higher.
Estimated receipts for tomorrow--whcst 81
cars. corn 40 cars. oats go ears. hogs 81. 900
head.
Tho lending futures ranged follows