The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-02
CHICAGO GRAIN MARKET.
May Corn Broke Under Liquidation
by Longs.
MAY WHEAT CLOSED I &c LOWER
Corn Closed to 10 Down and Oats
So to "a Lower--Provisions Were
IL TO 10 Hioher at the Close.

Chicago. April MAY corn broke under
liquidation by longs today and closed IA
Ike lower. This support being Withdrawn.
grains weakened MAY wheat naturally
Inclined 10 lower prices on the bearish sum
mary Of the days news, closed at \ dc
cline or l9.c, while May oats broke 5sd9tc
Provisions NJ the close were 7!9Gtloc higher
The advancing tendency Of the corn mar
kei, which has been shown IN an aggressive
manner during tho past few days. received
sharp check, but broke only after n dos
pcrnte resistance MAY opened with sellers
ail the way from 4ilar 10 i4c. the Influences
aside from the desire for profits being fav
CRADLE weather and liberal receipts, In
cludiue a good proportion Of contract corn
and Indifferent cables Phillips bought
literally and was tralcd by country inter
csis, as usual. This support held the mar
kct all forenoon against the liquidating
pressure May reacted from iic 20 44.2c,
aud held close under that figure I'll! noon.
Then the long corn was offered, with still
greater freedom than had characterized
the market earlier. The support weak.
,ucd. aud May In con- cquence dropped 10
lJ3ac closing weak. lMlisc under Saturday,
30 aplgc, Receipts were 2tj cars.
the withdraWal of the corn support,
which has been the main stay Oh wheat uulls
| naturally hearlsh market May wheat
| opened yc 10 l2c lower. at 1o%M iJ9sc, under
/ the inhuence OF weak cables, decidedly
/ hedrlsh worlds statistics liberal receipts,
| good weather and glowing reports Of crop
conditions Little long Wheat came OUT.
/ but bears operated ON a moderate scale.
| Buying by corn bull caused an carly rally
| q" '3'ec For tine the market ruled
| siagnant. but In sympathy with the hrm
/ ness In corn The visible increase. despite
heavy exports aud the SIN greater IN
/ nj Tho. T. ii,
| out long wheat and SGT the bear forces 70
work With renewed enthusiasm. stop. los,
/ orders were reached and combined pressure
/ forced tho market during the afternoon u
| tilic The close WAS weak MAY I9,C
lower NJ 1850 Local rcccipts-were y.
| cars, Duluth and Minneapolis $50 ears
pared with T47,00O bushels last year. Sea
hord ccar1nccs In wheat and hour were
equal 20 5AlUn bushels Worlds shipment,
last week wore S515.ooo bushels, agans
| i,bJO.tWO the previous week while tn,
amount Of wheat and hour on ocean passing,
showed an Increase Of 2,72O,OOp bushels
The visible increased 10000 bushels
oats were active but crratlc. and In th'
rnd bowed tn tho corn influence" Heavy
buying Tor the account rallied tho mnrkc
carly to 2In2I4r Hcnlr selling sup
posed 10 lao Tor . lauida,lug 1uG. causri
u reaction 10 26Hsc during the forenoon
Later. IA sympathy with Tho corn veal,
ness. the selling became general and MAJ
dropped 20 21@sc and closed @sm4c lower
rroylslons remained Arm in the lace o
weakness in ncighhorng pits. Light hoi
continued good demand for the cash arucl
wore the usual sustaining factors For
closed Zoe higher lard NC up aud ribs "a
better
Estimated roreirtS tomorrow wheat, -
cars corn 255 cars oats, 315 cars; hogs
! q 0n0 head
There Ulll he no session Of tho board q
trade tomorrow city election
, Tho leading futures ranged Ms follows: