The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-04-13
CHICAGO GRAIN MARKET.
Wheat and Oats Both Closed Under Yes.
ierday's Prices.
BEARS WORKED HARD AND EFFECTIVELY
A Cnrtoonirt Works the 10,oVO.oo0
BusheI Corn Crop In the Corn Pit
and Ran Down the Price.

Chicago. April i2.--The grain markets to-
day were weak and only moderately active,
hit by lower cables and the favorable crop
optlook. Wheat closed sNa37sc, corn 7saic
and oats htssc under yesterday Provisions
were irregular. May pork and RIBS closing
unchanged. May lard l2i5q15c up.
May wheat opened 1sc under yesterday, az
s%a66K depressed by the increased Argen-
tine shipments. lower cables and favorable
weather as wen as the heavy selling OF yes
terday Shortly after the opening May touched
&C. but from that on the course of the mar
ket was downward with few and feeble in
terruptions. Tho market was fairly steady
uu 70 noon, but thereafter the bears began
hainniering and as the stop-loss wheat came
out. the prices sank till May touched e6Ac.
Early there was fair demand in the pit
while offerings were not liberal for some rea-
son. but later the situation was reversed.
Duluth reported some export business and
said some encouraging things concerning the
likelihood OF foreigners partaking Of our
liberal store. but the locals did not cheer up
much at the news as the cash demand here
was puny sort OF thing. May closed weak
receipts were liberal and clearances moderate.
Western points reporting receipts of il0Oo1
bushels, against 26a0Oo bushels last year,
while Atlantic port exports In wheat and
Hour were equal to 10000 bushels. Mime
apollo and Duluth received 2S2 cars, COM
pared with 46T cars last week and 2l6 cars q
year ago. Receipts here were 30 cars. The
holiday tomorrow acted as check on ac-
tivity here in wheat as in corn and oats, and
TO degree In provisions The selling today
was manly In small lots and much of the
trading was done TO even up" over the
holiday
Some aristlcally inclined broker exhibited
cartoon In the corn pit today. showing a
well known and influential trader dumping
the coarse cereal out Of a bag marked 40 :
OO0OO0 Some of II came into the pit today
and together with lots let out by others,
crushed the price back In a substantial
fashion, which made the cartoon seem par
tcularly appropriate to The course of the
days market. The decline which was started
by lower cables the wheat weakness and a
tavorable crop outlook brought out deal OF
stop-loss orders As the demand was rather
slack the price descended as It should ac-
cording TO the law in such cases made and
provided, There was bulge early. which
carried May up 5sc, caused by open buying by
recent liquidating long, but the gain was
lost Receipts here 1875 cars. Country Of
leIlngs, were reported light May closed weak
80 lie depressed
Tbs provision market was generally active
and strong. although May pork showed a
zig-a9gg!ng tendency early. Hogs were lower
at the. yards. grains depressed. There was a
good demand for lard and ribs especially the
former. however. and they were steady while
pork. iieeing befora liquidation, sank from the
open ng figurs Il els firm and un ngeu.
May lard, closed 12lzGl5c up and May ribs
unchanged.
Oats were weak in sympathy with wheat
ana corn and were generally in a sad staie
OF neglect. Receipts were 1879 cars. The cash
demand was poor
Estimated g.
40 cars. corn 4n5 cars oats 200 cars and hogs
10 coo head SS