The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-23
RI]LLISHNESS WAS RAMPANT.
bracticalIy All of the News Tended Toward
Higher Prices.
IHer an Exciting Day, Corn Closed &c Higher, Wheat
,I-zc Up and Oats $3.50 NEUTRALITY-SUSPICIOUS.
Were Unchanged

.,,.,,o APRIL 90. Bullishness was ram
!, me wheat and corn markets today.
VIZ .he whole gamut of news affecting
'1 markets worked for higher prices.
ouer an exciting day, during which
~, vere over the highest previous level,
" with an advance of &c, while wheat
,s,a-ed closing bulge of ~. Oats
"a x higher and provisions practically
schspsed
!, ,hs corn pit the Phillips deal In May
- came TO the fore after fortnight,
~, vhlch the market was nervous but
.mnsratlycly narrow around Ale for May.
! 10 today the opinion that the bull lead
I vast line had been gradually diminish
. upder cover of brokers, had been
o,sadIpg This was merely conjecture,
.sever. for at times when the market
s.med Inclined to boom there were indica-
M that the willy manipulation was work
Il 10 check any sudden bulge. His am
rsneemept that he would take in every
{us5sl offered him on May contracts
Eorrht the paramount Importance of Phil
I'd continued bullish attitude before trad.
\. May !, II Is estimated there will be
Inp001 bushels Of contract grade corn
fdlcS can be delivered to him But even
In would not satisfy his claims, as shorts
.ye guaranteed to deliver him between
Ima0Q0 and 100000 bushels additional.
I'm shorts will be able to get that amount
M fol- delivery before the last of May is,
course, food for debate. The fact that
Icuniry offerings last week were practical.
nothing and that the receipts today were
HI eighty.six cars, with only eight cars
I,aiing contract. had much to do with
IltrnliDg the gentlemen who have ON their
heulders the burden either of raking this
stl from country customers or by settling
ssAion today for the privilege of taking
be loss already theirs, rather than stand
u their guns In the hope that he and his
slewlng would ind themselves In deep
Fita before May /. To make his position
bore secure, 1t is said Phillips already has
pnslderable corn ready for shipment East.
was noteworthy factor today that
bile the price level nearly the whole SEES,
sn was higher than at any previous stage
the crop, very, little was sold far from
be top price. Phillips started the excite
fsnt by bidding at the opening. May
3pened y to y higher, at 44Ss to 445s. ana
Bonded upward TO 461a during the fore
@a. At this price every bull in the pit
taued reaction to 46. but shorts absorbed
Ireythlng with such activity that the
farket reacted sharply and closed % high
at 46%- July sold between 1875 and A,
10 clostu lac ulSDcr at 448.
| Trade In wheat was active. The market
10 II was the broadcast in weeks, the ac-
3yy being sustained with scarcely any
Fierruption. For the first time In days,
Iae favorable weather and liberality of re.
{siHs were treated with contempt A
Aiip advance at Liverpool, bullish worlds
liiilstics and the prospect of a fair visible
eirease were influential at the start, May
lpening y 10 x higher nj 711a to 71& The
enand was general from outsiders as well
confident. longs. During the forenoon
liy climbed to 72a6. additional incentive
ivng been found in reports of strong
{'lunental demand, In the corn strength
~ In the yiJiblc signs which showed a
3ieaer falling on than had been looked for.
alnlng sales on liberal scale caused
facuon to ,121s near the end OF the SEES
~, but the market rallied firmly and
ased i52c higher at I22. July wheat
Elfed In the activity and closed at 725s,
lpafed With Saturdays close at 7lJs.
teelpts 63 cars,
ae were strong and active throughout
| " session. Buying was general and sew
~ large transactions took place 1t was
rpOlted that country interests were can
Eing selling orders and buying instead,
FIngy TO late seeding The corn strength
WI. " ine weather were bullish factors. Re
ine provision market was neglected. The
slee was narrow.
Estimated receipts tomorrow: Wheat 100
sf ~, corn l4o ears; oats 49, cars; hogs
Tue leading futures ranpp1 nc fnIInu-s.