The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-08-05
CHICAGO GRAIN MARKET.
Corn and Provisions Led a Marked Ad-
vance, Wheat Followed.
CROP DAMAGE AND SHOWS ESTIMATE
Interesting Day which Closed with
Prices Higher In All Grains
and Provisions.

Chicago. August 4.-Corn and provisions Gu
out the pace on change today The heav,
cash demand for corn resulted in complct.
rec overy OF an early decline, the market clos
Ing hqhc higher than yesterday. Provision,
closed at advances of l2Iso20c. Wheat wal
weak early, but recovered with corn and
closed &c higher oats closed a shade higher
The Liverpool market was the guiding star
of tho wheat traders at the opening. TIE
usual surprise came from the English mar
ket, quotations there being about i&d higher
condition not looked FOL IN view OF the
decline here yesterday. This was afterwar1
explained on the ground OF advanced ocean
fesht rates, but 1t had its effect on opening
p.loes here. september starting at 699s. an ad-
Vince Of hc. a momenta.y dip to 69l2 fol-
icwed. but good buying by simultaneously
iosai-.fesuited IN grauual advance to 6gs. u
Tvs the highest point reached during tho ses
sion,
besides the strength shown, buyers were
encouraged by continued crop damage re-
puits from the Northwest and by Snow crop
summary, which made the condition OF wheat
90, or points less than July. This indicated
a total crop OF about 575,00D,000 bushels but
interest in the market soon died out The
cash demand was almost nothing here and a
Iaost moderate demand was reported from the
reaboard.
The Northwest, which was a seller in TINS
market. reported the Hour trade quiet The
buying demand dwinded to almost nothing
uy the middle OF the session. September slow
~ declined TO b9n6gs and hung around that
ne until about noon, when the sudden
strength OF corn put some life into wheat and
resulted in steady advance which was con
tinued to the close
Northwestern receipts were 305 cars; Cni-
cage got $50 cars. Primary receipts 6I2 100
Bushels. Atlantic pOt clearances of wheat
ana Hour aggregated 269, 600 bushels. a visible
decrease of about 100000 In Northwestern
stocks for the week was looked for. Septem-
htr advanced to 699sG6oA and closed at $685..
All advance of nc.
Corn was fairly active at the opening the
market being firm and higher on continued
hot weather damage reports Weakness soon
developed on reports OF rains in Iowa and Ne
braska and predictions of cooler weather
Win liberal rcceipts-i2I cars. The cash de-
mana was excellent, 200, 600 bushels being re-
ported disposed of here. and the seahoard re-
ported 40 loads taken for export. Toward the
close shorts Went to cover, bidding the mar
kci up rapidly.
Cats We're quiet and steady with the other
grains Trading was entirely local and fuc-
tuations small. There was some buying on
the wet weather. which is not desirable at this
period Receipts 4Tl cars The seaboard re-
ported a good demand
Provisions were strong and active. The vel
low fever situation was more favorable but
tue strength came chiefly from sharp nd-
vance In hog prices. At the close September
pork was 2Oc higher, September lard l2iac
higher and September ribs l5c higher
Estimated receipts for tomorrow-Wheat ll6
cars. corn 500 cars, oats go cars, hogs 1000
ION