The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-08-24
CHICAGO GRAIN MARKET.
The Bull Crowd Continued In Command Of
the Situation.
WHEAT CLOSED With AN ADVANCE OF &c
Corn Was Strong on the Cash De-
mand and Closed Highcr-Oats
n Shade Up.

| Chicago. August 23.--wheat became a
strong bull market again today and closed
with advances OF M6Ac for September and
%dlac for December. Rains In the North
west. small receipts, strong cables and a
good cash demand caused extensive cover
ing by shorts. Corn was strong on the cash
demand and closed Ad%c higher. Oats closed
shade higher for September and May, but a
shade lower for December. Provisions closed
unchanged to 1oc higher.
Wheat opened strong at substantial ad-
vances in both September and December. the
latter starting hp7sc higher at 1iIsa74A, and
September &c higher. at 71%. Bull news
came in from all directions. Liverpool showed
an advance of ikd. The weather in the North
west was again met with prospects of a
continuance OF the rains and receipts com
pared with those of last season, were coli
spicuously small. The wet weather caused
a good deal OF buying last week and 1t had
the same effect today, as there was much
apprehension of serious damage resulting.
The opening advance was stubbornly fought
for time and especially in December. In
which options suffered slight decline soon
after the opening. the prices Easing off TO
75M75m
But the news was too much against the
bear side of the market and at IL o'clock
prices had scored a substantial advance. Sep
TENDER advancing to 72hc and December at
Tikc. These prices were above calls and
selling against those privileges and u natural
desire to realize profits caused several soft
spots in the market, but no reaction of note
occurred until late in tho afternoon. Sep
tember In the meantime advanced TO 72iac and
December to A9ac. AT those prices the de-
mand let up to some extont and. under
moderately heavy pressure to realize. slow
decline took place, September reactng to
72isG72h and December to 74Ad7iA. The
close was steady at these prices.
The cash situation was a leading factor
Nearly all the cash houses reported better
bids and one firm reported 5000 bushels sold
direct to foreign market. The seaboard
also reported an excellent demand for eX-
port though only sixteen loads were worked
for export MINNEAPOLIS and Duluth re-
oeipts We're 175, Chicago 81 cars. The North
west predicted small receipts for some time
was firm throughout. The strength of wheat
had some influence. but the large cash de-
mand was the PRINCIPAL factor The specu-
lators were also influenced by the small re-
ceipts and made the country offerings. Re-
ceipts 1888 cars. Shorts were free buyers of
both September and December. Crop bullet
ins were generally favorable
Little was done in oats Elevator people
and receiving houses sold moderately. but the
cash demand was excellent, about 100000
bushels being reported. and this and the
fImness of wheat sustained prices early.
The market. however, followed the late
break in wheat and closed barely steady Re-
ceipts $50 cars.
Provisions were extremely dull At the
close September pork was 7isI1Oc lower; lard
unchanged and ribs &C higher.
Estimated receipts Thursday: Wheat 80
cars; corn. 900 cars: oats. 4So cars: hogs,
$4,000 head.