The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-07-23
SENSATIONAL GAINS.
There Was Great Excitement in the
Grain Pits Yesterday.
ADVANCES DUE TO THE DROUTH.
Wheat Closed J SIS, Corn 1 s.S and Oats
) to ) rs Higher Than Saturday.
DVANcES DUE TO THE DROuTH.
EVERYBODY WANTED TO BUY CEREALS
Demand for Corn Was So Frantic that
II Would Have Seemed Reasonless
But for the Crop Reports.

chicago July 22In the grain pits this
was a wildly bullish day. rmpelled nv tho
hopeless tone of advices from the parched
praIries, wheat, corn and oats scored sen,
sntional advances and closed exceedingly
strong respectively S%, AZ and sasl1
cents higher for September delivery. Pro.
visions closed higher in sympathy, septem,
Der pork advancing IS cents.
wheat opened with a demand for Sep.
tember from 6oh to 7oA, an advance OF
lfd@s TO MATS cents due to higher cables.
rather bulish statistics, sympathy with
corn but TO greater degree to reports
OF heat and drouth in the Northwest
coupled with messages claiming damages
uao already reached serious stage. In
the Dakotas and in Minnesota many fields
were said to have been shrlyeled nv IN.
ory scorohlng winds. Realizing largely by
the local professional interest caused a,
early drop to 69&d607s This selling move.
ment was of considerable weight. but huv.
Ing orders accumulated fast and after a
Re" moments of depression the market he
came wild again and shortly after MON
September was bid up to 7s%. Realizing
sales again exerted great pressure, hut
the market yielded stubbornly and the close
was excited and strong September 3Js over
Saturday at 72%@72h. The visible sun.
ply decreased 29s,ooO bushels. worlds shin
ments last week were 76t5OO0 bushels
while the quantity aloat showed a de.
crease of 1,0s4,oO0 bushels Seaboard clear
anees were $4,000 bushels. Primary rn.
celpts aggregated 1,5l5,OOo bushels. Min
neapolis and Duluth reported 434 cars
Local receipts were 241 cars
The bulk of corn handled changed hands
at prices at least cents better than Sat.
ulaay's level. There was a demand so
frantic that 1t would have seemed almost
reasonless had IL not been that traders
we're again confronted with unlimited re-
Ports o. withered crops throughout the
corn belt and weather forecast promising
no relief. September opened with chorus
of bids from 81 to SO. Selling by local.
longs Influenced an early reaction TO 5s.
bnC here the sweeping demand from the
country as well as from local people caught
the market and September scarcely stopped
advancing till 505b had been paid for a
ANAL lot. The close was strong Az higher
at 59&d50la One of the reports which
was influential said that a railroad was
carrying back to Kansas 100000 bushels
OF corn from Minnesota. 1t was said there
were 100000 bushels moro Of the Kansas.
grown corn awaiting reshlpment to the
drouth-stricken districts Receipts, 26o
cars.
Oats advanced actively in sympathy with
corr. 1t was a wild market all day and
difficult to trade In as sellers were few
and far between, save at the best figures
az the day. An enormous business was
tra1 sacted both for the local and country
account. Receipts were "a cars.
Provisions were moderately active. There
was sharp demand for January pork,
largely in sympathy with corn September
was purchased on a more moderate scale.
September pork closed So cents higher; lard
sc up and ribs Zoe improved
Estimated receipts tomorrow-W Wheat IS
cars; corn $50 cars; oats 145 ears; hogs
1900 head.
The leading futures ranged as follows: