The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-30
SPOT WHEAT NOT WANTED
Had There Been ANY Demand Price
Would Have Touched 81.
HERE WAS A Loss FROM THURSDAY,
leg Cents Abovc--COrm
Also Lower.

Chicago October c9.-1t1ad there beer
any dnmar1d for spot wheat. It is thought
the speculative market wcar.d have rel CHI
ed 100 again. AS Il was. December sold
to 9sia, but declined TO 1854 at the close
or 81 under yesterdays price. Shorts coy
cred very freely during the morning. Re-
ports Of poor crop prospects were re-
ce!ved and light receipts were Influential.
in the morning session Corn followed
wheat and closed M0h lower Oats were
independently strong and showed Nc
advance at the close. Provisions suffered
from general selling.
There WIS a ltttle hesitation at the open
ing on aco5unt of the weakness Of Paris.
as shown by early cables. Wheat was
quoted 10 centmes lower and -four POO
% confines lower. Outside OF THAT 1t was
in favor of higher prices. The result was
That December, which left of yesterday at
7A. started today at from 97A 10 97ss
was advanced TO 9sh in the first half
hours trading and he'd steady. Liverpool
was Id higher to begin with and adj
vanced I'D more during the day, the latter
rise doubtless being due to the additional
advance here this forenoon.
The winter wheat country was still suf-
leT-iS iTJiH QlUutu anu reports were quito
urEnimcns as to the effects Of the dry
weather.
Domestic receipts at Chicago and In the
Northwest were again much heavier. New
York reported liberal acceptances of cable
offers made last night, and 100000 bush
els were reported having been bought for
shipmant to France early in the session.
C-eararces from Atlantic parts, Including
some -four from New Orleaps, amounted
to $4,000 bushels
After the advance to 9Sia the market
commenced 10 decline. Holders took prof
its to a coilssienbie extent and tine mar
ket yielded 10 the pressure Of short sales.
The decline winch the selling 81 this long
wheat started brought cut short sellers
and tae market gradually grew weak.
The snort sellers were encouraged by the
marking up OF another 10000 bushels of
Dulutn wheat Tor slirnleIt 20 Chicago.
aid ny the lact that offerings OF No. .
Kansas hard wheat confines to be pressed
from Kansas CITY III unlimited quaptity
az cents under Chicago December pr.ce
la.d oiown mere. Good accounts Of winter
wheat IN the nelds from Kansas and Ne
braska lilc wise atded in creating inc
weakness that developed in uae after
noon, DecenaJer dropping IN very irreg-
nlar way to $685. and closing at that.
wheat, and IN the small rece.pts-590 cars
and on the. strong cash pos.lon. Shorts
covered freely AHA there was fair invest
ment buying. When wheat commenced
to weaken general realizing occurred, sew
eral god sgzed long lines being liquid.
ated. ard all the early advance was lost
and a small fraction besides
oats were tiriner. notwithstanding the |
break in ether grain markets. A feature !
was ne buying Ct pr milent comm sy-.n ,
house fiiIn. me r IIGcla&es amounted 70 |
about million bushels. The early price !
WIS tire result OF this. Ihe market sagged |
somewhat, fol.owi,.g wheat ana corn
a. fairly good business was dcnc In pro- /!
visions. but the feeling was weak. Pack |
ers were credited with se.ling freely and |
stop .css orders assisted materially IN |
weakening tho market. Heavy hog re-
cetpts ana a continuance Of the same next
week was a weakening factor. AT tbs !
cicse December pork was 30c lower at |
l4Ha December iard, 10 and l2h lower,
at ilsls, and December ribs 7ls4lUc lower.
at 40
ESTIMATED receipts Saturday: Wheat. 40
p ttO head
n.e leading futures rarged as follows:
Articles Omen High |, nv Close |