The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-12-14
THE CHICAGO GRAIN MARKETS
GOOD ADVANCES RECORDED AMI
TONE STRONG.
Local Sentiment Was BnIlish, Onset
ting Benrish News from Russia.
Corn Active and Oats Dull.

Chicago. December 1a.--All the grain mar
kcIs were strong today and closed ut sub
staf,1al advances. In wheat the continued
fa.ihg off OF receipts in the Northwest was
the main factor May and December each
closed about Il higher. Corn and oats ad-
vepted about " each. Provisions closed 21s
to lower.
Crening prices in wheat were practically
unchanged from yesterday, May starting Ut
G5isqG5a4. Northwest receipts We're compara-
lively small, but this was offset by decline
OF Esd III the futures and Id for spot at Liver
pool. For q few minutes prices were about
AT standstIll with very narrow trading
But tho demand Increased rapidly and inside
o. tho first half hours trading the May price
had been hoisted to 65ss. around which point
the market swung for the greater part OF the
session. Shorts were good buyers and MANY
longs acted on the belief that prices were in
Apparently the rapid decline In deliveries
~ ths Northwest, as shown by the receipts at
thing else in its influence on the traders.
Argentine news was favorable and early re-
ports from the scabuard did not indicats amy
very bright prospects, for continued foreign
demand for American wheat, one cable from
Ger.nany refusing offerings on the ground
that Russian was offering wheat under Anicri
eau parity. Nevertheless local sentiment was
enphatisally bullish and even at the good ad-
vance wheat did not come out In very great
quantities.
Northwestern receipts were 1864 cars. Chi
caso received go cars. Total primary receipts
were i.i73.oo0 bushels. The Increase in the
worlds visible was put ut 3,i2i.000.
Near the end of the session reports OF
heavy shipping orders here for st. Louis and
the seahoard proved an additional stimulus to
buy Ing and May which up to that time had
been steady ut around G5as, advanced to on.
Some reports put the Eastern shipping orders
here as high MS 100000 bushels. May CLOSED
firm, at 657sd66.
Eorit was active and higher. Receipts werr
II r, 455 cars. while the weather was fayorabia
To- shipping and for improving the quality.
BIT offerings We're not heavy and u good cx-
port inquiry existed The wheat strength had
considerable influence
Oats though rather dull, were firm;
ceipts were large. Sol cars. but the strength
o. wheat and corn made shorts uneasy anu
caused good deal of scattered buying.
PROVISIONS were rather wobbly. The de-
nand was very good, but hog receipts were
heavy and packers offered freely OF all pro-
ducts.
Estimated receipts tomorrow--Wheat. 2su
Corn. 49,; oats. AS cars. and hogs. $4,000
- New York. December 1a.-wheat- Receipts.
1850 bushels; exports. Ssi 900: spot firm:
No red 16It: options opened firm and ruled
vance There was active covering for shorts
on hullish foreign news. "a small interior
movement. strength in corn and big clear
an,es; January, II l5-I6: March, ,Sls. Wool
Quiet. Cotton seed oil--Firm: prime crude
III; yellow. 2iM22. Copper aud lead further
Pg iron warrants-Nominal at 7.25. Lake
COIL er--Firmer. at 1275 bid and 1885 asked
i. Unchanged; 1890 bid 1910 asked. Lead
- FINN: 3:65 bid. 3.67.a asked.