The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-03-30
COLD WEATHER UPHELD CORN,
BUT WHEAT HAD NEW Low PRICE
Wheat Acquired Some Strength from
the Weather--Oats Were Weak.
Profit-Takina In Provisions

Chicago March 20 Speculation In grains
was mixed and only fairly active today.
Cold weather upheld corn. but wheat vaa
offered so lbero.ly that a now low price
I ior May was recorded. At the close May
| Wh.at was J, lower Nav corn 6s higher
| ana May oats 70 depressed Provisions
closed shade TO l5c down
Some slight strength was nconlred by
wheat from the cold weather reports nom
the West and from their eject on corn
There were DO foreign markets open, now.
ever and news apart from the weather was
mcager lhc session wns also short and
the tendency IN wheat was 10 clear up
deals. Reports from the winter wheat belt
continue TO develop bearlsh sentiment
Rains aud the warmer weather helped the
growth Of plants materially during the
week. Some Of the Chicago crop experts
10 Kansas reported 70 TO 20 per cent OF
crop for that state. At the start there
was buying by prominent professional
90 take IN long line OF shorts aud there
Was also some Eastern buying. TINS busi-
ness did NOT last long but the offerings
continued IN Do FN surplus OF the demand
aud prices collapsed temporarily May
started lsui, lower to a shade higher at
~ TO- Ilta, advanced TO 7l9S and when
dropped 70 the lowest prl,e since Nav
level Induced good short buying aud some
investment purchases and a recovery 20
IFS Followed. May closed easy. Il down at
O% to M. Local reccnts for two DAYS
were 10 cars. one OF contract grade. Min
neapols ANA Duluth reported 500 cars.
making a total for the three points two
day9 of $50 cars against one dag last
week. 2SD cars aud $50 cars year ago
Primary receipts were 0D7. 900 bughpls co ii.
pared TO Gi3,OOD bushels last wear: scaboArd
clearances in wheat and Hour equnIled
1900 bushels 1.-TWO days) Australa an
-h!pments for the week were 500. 900 hush
els compared Go 1884. 900 bushels Inst year
snow IN Kansas and below freezing IN sec
lions Of the Southwest started corn shorts
10 covering burriedly ut the opening. There
could not be any growing OF Erass with
/ that temperature and traders argued a
further need Of corn for feeding There
was good demand most OF the day and
Gully lght offerings 10 meet Il. The crowd
mat has been manipulating July did lit.
De buying, but not enough to excite the
pit Many Of the short spectators were
nervous over the firm tone and thcrc was
considerable covering supposed TO he from
81 LOUIS Trade WAS active at times. but
the small amount put on the market 70
strcted general business. The late weak.
ness lu wheat took on some of the gain
corn had made, but longs were not inclined
. 10 let the maj %et dron back far MAY opPnY
ed arm, sold 20 coz ana closed firm * highl
7 on al 3H' AiGO. ReceDts for two days were,
/ 1917 cars.
OF May were liberal and there was no ap.
parent attempt by the bull faction to sup.
port prices. Shorts covered freely at times
/ but The demand w&s very slack
/ The provisions crowd sold IN good qunn.
I title, and the corn strength aided only
/ temporarily May started slightly under
THURSDAYS close. sageed To 4l4sc ami
( closed weak, 7.C down, AZ 4li4c. Receipts
for the two DAYS were ~ cars.
ProAttaking ruled the day In provisions.