The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-01-27
WHEAT IS AGAIN HIGHER.
The January Option IA Chicago
Closes at a Dollar.
MAY OPTION SCORED AN ADVANCE.
The BuIge Took Place In the Last
Few Minutes Of the session.
Provisions Closed Lower.

| Chicago, January 2e.-.January wheat again
secured the attention OF the Letters today.
| The last ten inmates OF trading saw that OPP
ten rushed up from around as,s to 1.oi and
/ closed at 100, an advance of 2,sc. The effect
on May was more marked than during yes
tctday's January bulge. May closed at &c
advance. tho gain being directly the result
Of the advance in January. Corn and oats
were helped by the strength OF wheat to tho
extent OF &c each. Provisions declined 2k05c
For the greater part of the session In wheat
the mnrket was decidedly uuintcrcstne. II
nrythng traders were Inclined to the near
side, and prices fci some time were shade
below yesterdays closing figures The open
iug was firm enough. May shutting at 9itsa
olh. an advance of KI%c. while July was
M6rSc higher at S5dis5M This was partly
due to the firmness AZ Liverpool, where I'D
East st. Louis elevator, with 10000 bushels
OF wheat. also had some effect. as II was OK
rected to cause buying from there The con-
trary proved to be the case. New York re-
ported good foreign demand. with The May
price up Nc.
Tho big snowfall made the bearishncss cs-
pcealy marked In July. There was no sign
Of n renewal of the Letter bidding for Janu-
AIRY which ran tho price of that delivery UP to
1.n) yesterday. hut nevertheless the sudden
advance in prices which that vancouver caused
Il
each attack on May was followed by rally.
Toward midday. however, the market was al
lowed to sag. May bad touched 957s and re-
acted TO aih several times, but about II
o'clock tho price had gradually declined to
9SiaM93ss. The fluctuations were apparently
entirely the result OF scalping, as no news
OF Importance came In.
Northwestern receipts were 257 cars, against
335 last week and t6a year ago. Chicago
received q cars. Liverpool closed at I'D nd
vance for futures.
About ten minutes from the close January
broke loose and the pit suddenly took on an
appearance of activity. Brokers for Letter |
uscu the tactics that were so successful IN |
January yesterday, the price jumping faster |
than during that tiurry. January had been |
practically nominal at about y6is all day but |
before the Letter people got through with II |
The price was up to oil. II closed ut ! 90 |
May responded 10 this rally moro readily |
than yesterday. The market had been rather |
oyersold, anyway, and the jump in January.
coming just after fresh war news In the |
stepe OF a report that British gunbont had |
arrived. loaded with arms, in the Gulf Of |
oman and consigned to Russian houses, start |
cd shorts In hurried hunt for cover The
TOP price of the day WAS reached. ON this |
bulge, May closing decidedly stronger Mt aia4 |
July had sold ms low as $40 earlier In the |
day. but closed ut s53s.
Nov much was done in corn, There was |
littie trade carly. but the market soon be-
came very inactive. The market In the main
was firm under the influence OF strong cables
ana the recent large exports. Lator the rally |
OF wheat had it's effect the best prices of the
day ruling Mt the close
!. Oats were very dull, but the principal In
nucnco was the largo seaboard clearaBces--
900 bushels. Shorts were the best BUYERS
nut prices were almost ut q standstill until
neat the close, When the rally In wheat iu-
creased tho trading aud also helped prices
Provisions were duh and prices ruled n
little under yesterdays figures. At the close
Mny pork was DC. lard DC and ribs 2iae lower
Estimated receipts for tomorrow--Wheat Il
head.
" o leading futures ranged as follows:
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