The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-07
CHICAGO GRAIN MARKET.
Corn Displayed Great Activity and AT.
tanned New High Price.
MAY CORN CLOSED 7.S CENT HIGHER
Wheat Declined ~, Oats Advanced :
Shade---Pork 35e and Lard and
Ribs ~ Down

cbicago. April Corn displayed great
activity and strength today aud attained q
new high price. May closing 80 bighct
oats IN sympathy closed shade ur. but
the wheat market 10 contrast succumbrd
To formidable array Of hesrlsb influences
ana closed ~ under Thursday. May pork
az the close was 30c depressed while lard
ana ribs each showed loss Of ne
May corn opened Wild with bids ranging
from fl to ii3s the highest price Of the
crop for delivery nc mouth. These
prices we're " to l5sc higher than the
close the previous session ana marked a
complete recovery from the dcmoraizlng
breok Of the FIRST two sessions Of the
week, Phillips. the bun leader, who Is
credited With having control Of the mar
ket. bought moderately for customers and
Geclnrcd that he sold nothing. The demand
was broad ana heavy from country inter
rsts and at times frantic from local shorts.
| The aggregate amount Of the days transac-
| lions was not enormous for q few minutes
Mt the opening, offerings were light but
soon became free. Longs, profting by re-
ceut experience realized that the market
| ht'll has Two sides and took profits. There
was, however, no indications of any bear
movement. hut on the contrary some of mo
tuorts Whu covered were those who had
led IN the trade Monday and Wednesday,
Tie market yielded with the greatest stub
! borIlncsS. shortly before noon. May touch
rd l4c. From mis- Il reacted to I4ikH44A
aud closed - higher at ilis. The strong
opening was due 10 wet weather west aud
ia light country offerings rh, reaction
was influenced to u moderate degree by
the pronounced weakness of wheat. But
sentiment. which apparently had returned
10 us pristine hullishncss, In the majority
of cases, was mainly responsible for the
/ TOM OF the market. Tho pit was damned
ihll and despite the activity Of wheat and
oats the coarse cereal held the speculative
leadership of the door. Receipts for two
DAYS blJ cars.
Inc wheat market was a striking contrast
10 corn. II was easy at the opening, weak
tL as trading progressed aud weakest at
me he. Close. May 9pe9ed unchanged to llc
loWrl AZ ~ 10 - Tor one brief moment
| SUPPORTED by, the corn strength. There
were no cables and the majority of the
news offered anything bur cheer to the
holders. Argentine shipments were 1, 600 o.
/ 600 bushels and Shows crop report nverrcd
that w twenty wears the spring growth
had never been better AZ this season. The
new century opens. said this report, with
wheat in uneNccllcd condition and an acre.
| age the largest on record Bears ham
mered the market down to Tic during the
hrSt two hours, Al this point stoploss
orders were reached and further slump
TO Iu9s6tIuai followed The close was
weak ll.c lower a 5o2,, Receipts, $50 cars,
oats wore handled IN considerable guam
| lltles aud the market showed an under
| tone of strength IN sympathy with corn
be delaying seeding There was a heavy
| commission demand as well as covering by
shorts, while local longs did. most of the
| selling The reaction following the open
| Ing bell was In sympathy with wheat and
| corn. Receipts 3Sl cars.
Provisions, cspccfn ilyt pork were easier
on liquidation By ldhes, although there was
nothing Of particularly bearish charac-
ter apparent on the surface. Trade on
he whole was dull May pork closed Doc
lower; May lard 7lac down and ribs ~
depressed.
Estimated rectipts for Mopday--Wheat 80
cars; corn 10 cars: oats 30 cars; hogs
2T,Ooo head