The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-07-28
WAS A RALLY In WHEAT
higher Cables and Uufavorablc Crop Re-
ports Were the Causes.
TEXAS COMPLAINED OF RAIN DAMAGE
Corn md Oats Were Also Helped.
Shipping Demand for Corn Was
ExccIicnt--Provision Higher.

Chicago July 27.--A good cash demand,
higher cables and nnfavorable crop aud
threshing reports caused a rally in wheat to-
day, closing %assc over yesterday. Corn
closed %g1c and oats Mqhc higher The
Provisions market was strong. September pork
closing S5c, September lard i2iac and Septem-
Der ribs i0al2lzc improved.
Two helping hands. one a good export de
mand for American wheat. another rise at
Liverpool, were held out to wheat when trade
began today and September. grasping the
opportunity. changed hands %aAc higher
than the close yesterday. al i5,sglJ3sc. An
additional element OF strength was the Ar
gentina shipments-1 400. 900 bushels, accord
ing to Bradstreets igures-were compare
tiVe!y moderate. and another was that the
Liverpool ADVANCE was partially due to Il
mate OF the Euslsh crop, FulloWng 'as
opening there was enough selling, mostly ny
scalpers Tor prohts. TO send September back
to f3esc. but at no time did the bulls snow
any fear OF the market taking the downward
course for any length OF time. During the
day there were numerous reports of unla-
Norable crop conditions In the Northwest and
exceedingly poor threshing returns. Que
Dakota man expressed a wish to go on record
that the crop in his territory would not be
~ per cent Of last years To this bulisn
EOmplatn-
ING or heaVy damages from rain There was
o good easn demand all day and the situd-
tion was further helped by reports OF good
export sales In other cities. September grad
u sttly rose on moderately active demand to
to7se ana closed strong. ssm9.c over yoster-
day. at 16ss New York reported 81 loads
taken for export while seaboard clearances in
wheat aud hour were equal to 49,, 900 bushels
PRIMARY receipts aggregated I9S,000 bushels
compared with 706 900 bushels last year. Mia
neapoHs and Duluth reported 1853 cars. against
2A cars last week and $40 cars a year ago
Local receipts were l97 cars. 30 of which grad
ed contract.
Corn was again quoted higher at Liverpool
ana at better Improvement than on any
other recent occasion. The shipping demand
was excellent and country onerinps exceed
ingly small compared with futures. making It
ullhrult Tor brokers to MI their shipping
orders The board Of trade statlstician re-
ne~ed his assertions OF the crop damage
rms batch Of influences resulted in strong
though quiet, market. shipping sales ware
put at $4,000 bushels. probably half OF It Tor
export New York reported rs loads taken
tor shipment to tho other side. Local re-
ceipis were S02 cars, September sold be-
tween S'Ac and 5SSsc. closing Malc over
yesterday, at 3sssc.
Trading in oats was somewhat limited, hut
the tone. after some easiness during The
hrst part of the session. was Arm The prices
sank fracttonally carly on selling against
fresh new cats in the country, but later
me wheat and corn strength more than offset
me 'N',Ntpia hNTt ldb ears, september S0u
between 22e-e and 227sc. closing h0Ac i'm
proved. at 22%422Mc
Smaller hog receipts and the grain strength
caused some liberal covering by shorts "a
the provisions pit and this, combined vita
good cash demand and higher prices al In,
yards, caused strong advancing market in
hog PRODUCTS September pork closed $50
oyer yesterday. at $ll.si September lard I1l:t
higher. at So s0Q6S 2iz, and September ribs
ltel2Ac better, at s702k
Estimated receipts for tomorrow; Wheat
70 cars corn $50 cars; oats $50 cars. hogs
10 600 head.
Tho leo