The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-10-23

ng at from IA. sellers down to iSA. Very
few of those VINO wanted To sell succeed
an getting above a aud in a cry href
space OF t.me thcnp were 20 pdyars at
over 1884,. Before half an nour 81 the
session had passed 1t sold at i2ia, icster-
day noriine on the curb, 79',, today about
II is not often that prices have such a
sensationalN sudden collapse. TIGHT
money was the principal factor OF weak
ness. The banks are said to b. Inclined
to refuse loans and the carrying changes
which spcculat on has had TO bear ore
said to have been In some instances rs
high as ~ per CsNnt per annum. II was iclt
that such conditions could not continue
Without very depressing effect on values
and hence the smaller operators. who
were suffering the most inconvenience as
borrowers made an early rush to sell.
This brought an lnmense amount Of whoit
or the market stop loss orders We're in
The hands of nearly every comm ssloI man
and tn. opening decline caught AMOS, of
these. From 12i2 for December rict- was
a rapid recovery 30 T3is. and after aac her
decline to - the price again recovered In
a more gradual way until IL roa he'd u
The activity which had charde ID the
trading up to the latter point ceased there
and for a long time thereafter there MAS
| nothing left of the two days storm lat the
opening cables exhibited considerable
weakness and aided In the decline l-Ncr-
po,l opened ia lower for CALIFORNIA fu-
while Eastern cables showed a doilM ne of
AZ n,arks-about 2Nc per hushcl
mat me UNtuf41l GNU pt tl' ut.ii was
| being made tn most Of 20 force prices
down everybody believed, hut that made
1t nor the less enc ,uvc After the rise
to a tie price saygSi again 90 ~ an !
! last ten mluutcs of the session hcdlam
broke loose: The price b'gan to tumble
| and "pauic" about describes the condU on
| II mind OF many of the holders Of long
what. Stop-loss orders again Gene into
| play and some very heavy nnes "e: saer-
san Francisco and s. Louis. whence
| came buying orders earlier Were heavy
/ Francisco mark Il was quoted a. closing
| as this WaS--lN 4 pauickN rpud ton ANA
/ rurcrs oi CudahN ,seiias out Ntnont,
| canards helped to keep m tie ieln9ra'n 4
/ condition oi the crowd TO the end. De-
! cemhcr tumhled from a 10 w ~ lrss
than ten minutes and "iosei AZ 'W.. cr
/ la.c below the final uu3r1tiphs of iAc day
/ i.foyc.
corn ruled relatively strong. compgrs !
/ with the terrific slump IN wheat The
/ market startel weak, mostly IN sympathy
/ with wheat, though lower cables also oN-
or sed = depressing Influence, hu' u tooi
/ demand existed and ''G buAin"S N"s
/ done for shipmcnt Neat the hose the IL
/ fucnCe OF the sharp declinr ma Ni'at Nas
( felt ana the advance WAS los
/ oats opened weak and sold 'sr heloN the
4 c.1s,. last night influenced 10y the hreok I'm
! wheat and weakness ln corn. hNl ne dt -
day prices held very close to yGh'eidhN $
/ close There was "A decided rall" "a the
! last hour on good buying, pdi t'!s Was
lost AZ win at declined.
/ provie ous were but little affected ny the
weakness IN wheat and prices tluctnt}td
hul little all day. January FORK 'l9~' I'VE
lower. January lard unchanged ANA '"hu-
AIRY ribs 2i,c lower
Estimatc1 receipts FOR til1N-" neat
1871 cars corn 700 cars, oats d@ ears
cash quotations were as follows:
Flour Weaker.
Wheat No ; spring. Gus, No. spring,
G3IGd No. . rcd. nae.
OH AZ 40 J ~. 10. white. f. o. h..
20.nn2liy. No 3 white, (. o. b., ldA,@l9'.
IEWgley"N {, ? :, nominal. No 3, f. o. b..
"a 40. 4. +. .. h., 23n3l
Flax seed No. ], Tll4n72
Timothy seed Prime 2.52'a,
Ncgs porl Fer barrel, 6.9hI7o N.
iard--Pcr 100 pounds, l11'aut3l.
Short RIBS SIDES Loose 3opnSS
Dry sailed shoubiors-3oNcd. infi,
short clear sdcs-.l}oXed i4Ht as
Whisky Dislil.ors' finished goods, per
gallon, us
No. yellow corn 22022l,