The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-06-22
CHICAGO GRAIN MARKET.
Continued Heavy Domestic Receipts Has
the Effect to Lower Wheat
CORN AND OATS CLOSED A SHADE LOWER
Provisions. Closing Practically
Unchanged.

Chicago. June 2i.-The spectre OF the new
crop doomed UP before wheat traders today
aud was a big factor in the decline of q to
H. which marked the day trading In that
cereal. Continued heavy domestic receipts
made.its effect more apparent. Corn and oats
we're fatner heavy. but closed only shade
lower. Provisions showed practically no
change a. the close.
Any rope among the wheat traders that yes
terdays late steadiness was the beginning Of
reaction was disspated before the aleniag
by reports Of much neeoed rains II lne Don
Gisttlct OF RUSSIA. Improved crop prospects
IN tnst country and an early decline OF "a in
LlVerpoo! CABLES The effect OF this news on
specNiatOrs was partly nuilihed AT nrst by
ram IN tue Northwest, where too much moist~
ure mas already put the wheat reids periOus
ly near the uanger line and after ABOUT M
teen minutes OF weakness the market ne
VeiopeG strength on covering by shorts Open
log sales oil september were made at lb9s4
1oA. compared with yesterdays closing price
of 1874 and the liquidation tnat started at
once carried tile price down 70 ib4s. On this
carry break Tie Northwest WAS heavy seller
ewing 70 the receipts of new wheat, Covering
by shorts, who saw danger in the Northwest
rains carried the September price back to
1864, BAT before II O'Clock the market again
developed extreme weakness and from that
time until WITHIN a few minutes of the close
selling was persistent ana neayy. Northwest
receipts were heavy, Minneapolis and Duluth
reporting 40 cars. chicago received Us cars.
The total at primary Western points was
l.o60O0O bushels Atlantic port ciearances OF
wheat ana -four amounted TO SOB 900 bushels
Ihere was only moderate cash demand mere,
while the seaboard reported light business
with the other side. only % loade being taken
Tor export lats In the day. Late In the ses-
sion. however liquidation was checked by re-
ports OF continued heavy rains In the North
west and uy some unfavorable advices from
Kansas. Late Russian advices were not SO
favorable. but traders had apparently lost
their interest IN the foreign situation and had
turned then attention TO the domestic crop
September had In the meantime declined ia
3h47bss, but enough support material2ed IN
the last hall hour to cause a reaction to IBa
iois and give some appearance of steadiness
TO the market The close was at 76dT6is
Corn sympathlzed with wheat to some ex-
tent. but the narrowness OF trading prevented
any matenA decline Receipts $50 cars and
crop advices were favorable good export
business was done at the seaboard shorts
covered TO moderate extent and ia The
abseace OF selling pressure the market re-
covered nearly all the early decline
oats were dull but fairly steady, July show
ing slight advance at the close September
felt In degree the weakness OF wheat hut
the good cash demand helped prices late in
the day Crop reports were favorable Re-
ceipts, 166 cars
Provisions were almost at standstill At
the close september pork was unchanged. lard
a shade lower and ribs shade higher
Estimated receipts Thursday. Wheat. IN
cars corn. 200 cars oats, 200 cars hogs 49,
non head