The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-06-27
CHICAGO GRAIN MARKET.
Wheat al One Time During The Day Showed
Decline Of Two Gents.
RECOVERED WITHIN HALF CENT or BREAK
Heavy Receipts, Weak Cables and
Favorable Crop Conditions
Were the Influences.

Chicago. June 26.--Wheat at one time today
showed decline OF nearly &c from Saturday
but ultimately recovered all but halsc OF tnis
break. Enormous receipts at primary points
controlled the market Corn and oats were
larry btfong. cIusns 1sc nighef eacn. Pro-
VISIONS ueclned signify ali aiuuno
FOR Few minutes AROUND the opening Ia
wheat II looked as II saturdays snarp de-
cline was 70 De repeated. Inc same innu-
enCes-hehvy receipts, weak cables ana favor
able crop cqndiuons--wefc present ami innu-
enced considerable new liqsdatlon. The open
ing IN September was at ,454Nitss, compared
WIN saturday s closing prlce OF ,49ui4s
me market broke sun Iui,aGt at once, undsi
neaVy selllns pressure, longs liquidattng nee
~ and shorts putting out new nnes. Septem-
Der touching 1873 on the decline. Covering by
the sorts-who were satisned with their
prnfts--and buying against puts then caused
= rally to IA, Dut BEFORE IL o'clock the mar
ket started on decline, which carried IL to Il
point almost &c under saturdays nnal price.
The trouble was again with the heavy re-
ceipts, minneapolis and Duluth reported 9lS
cars, against S4b last week aud 70 a year ago.
chicago receipts were l8o cars. The trade has
become somewhat accustomed to heavy re-
ceipts at those points, bur when Kansas city
reported 300 cars, compared with 20 a year
ago, prices went down with a rush. The de-
cine was SO fast, in fact that sellers became
too enthusiastic, ana wheu about ii 80 the
llquidation OF long wheat let up temporarily
the market recovered with a suddenness that
sold.
There was quite little scramble for cover
Tor time. the price of September advancing
to 1i9sn7iA before noon. The market cyened
up TO some extent aud the tendency thereafter
was downward The news would admit OF no
other course when conditions were normal,
and prices gradually slipped on to 1914 for
September which was the quotation at the
close, The visible Increased 900 bushels.
IOtul primary receipts were l.2lS.000 bushels,
COMPARED with 100000 bushels a year ago. the
cash demand here was slow. July iquidatons
were especially prominent during the morn
ing and a good deal OF buying was done on
the theory that that factor had been elimi-
mated,
Corn was fairly active but irregular. The
market was weak during the morning on the
enormous receipts Of 1891 cars favorable
weather and tho break in wheat Elevator
people were free sellers. The market late
became firm and more than recovered tn
early break. The cash demand was good New
YORK pu' The export engagements at IL loads.
shorts covered freely during the afternoon
oats IN common with corn. ruled weak and
lower early, brt when corn advanced oats fol
lowed There was good demand for July
from shorts and this option closed hc higher
receipts 373 cars
Provisions were weak early. owing to lib
eral hog receipts and consequent llquidatinn
by longs, An excellent cash demand helrcd
the market later nearly all the demand being
covered At the close September pork was
2isc lower and lard and ribs each shade
lower.
Estimated receipts for tomorrow--Wheat I45
cars, corn 1900 cars oats 500 cars, hogs 5000
head