The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-27
WHEAT MARKET ERRA1IC.
However December Was q Cent and q
Half Higher at the Close.
MANY SHORT CONTRACTS CLOSED.
Cereal Was Wabbly Throughout the
sessi0n-Corn and Oats UD, but
ProvisiOns Went on.

Chicago, October c6.---Wrheat changed
front on severai occasions today, but De-
| cember was IL higher at the end of the
| waIbbiing market. May was n higher.
| There was considerable closing out of
short contracts and taking of May on ac-
count of the approaching cold weather
and the small Northwestern movement
was feature In the general strength.
Corn closed u higher. In sympathy with
wheat and oats, advanced AQ3s. Provis-
| Ions were heavy and declined about TIC.
| Wheat was weak for about ten minutes
after the opening and. then, without any
| thing outside of the condition OF the local
speculation to steady It, Vt became firm
and advanced Ia from the lowest point.
| The trading during that time was chiefly
| in December, and TO that future was con-
fined the advance. The opening weakness
was because of further So decline at
Liverpool and plentiful rains in Nebraska
and Kansas.
On the other hand. receipts were light.
Chicago received 1876 cars, against 36 a
year ago. and Minneapolis and Duluth re-
ported 9T cars compared with 11U a
week ago, and 1918 the corresponding day
of last year The quality inspected out OF
store was 1862, 600 bushels, and OF the days
receipts only eleven cars were contract.
one feature of the days trading was the
disposition to cover December shorts IN
wheat and TO put them out for May, and
as a result OF this the spread between
these two months widened to 2 SIS.
The contract stocks for the week at
Chicago show an increase of only $1,000
bushels. Clearances from Atlantic ports
We're equal in wheat and flour to $4,000
bushels, and reports from the Northwest
were again quite biplliah In regard to the
faslnlg off In farmers deliveries at coin-
4 weakening feature during the fore
neon was a decline I'm the continental
markets, but when the public caIblegrams
giving the close at Paris and Antwerp
came to hand, 1t was found the reductions
were not as heavy as had been privately
reported.
The rain in Kansas and elsewhere ON the
day before was said to be speeding In this
direction, but 1t was to be accompanied
and succeeded by much colder weather.
This augured no good TO the belated crop
and caused some buying. The receipts at
primary mar kets were very. close tO the
quantity on the same date Of the year be-
fore. Today they were 1.6ls.0o0 bushels;
report of the worlds visible made the
increase since last week 4,3l3,0o0 bushels,
l,913,U0 bushels being on this side and
9 coo bushels afloat. That caused one
of the weak spots In the market, but the
beansh impression due to it was of short
duration.
Tho market grew quite strong toward
the close st Louis reported that all con-
tiAtt wheat there had been ordered out
The crowd had gotten short and when It
attempted to cover there was very little
for sale. December opened at 80 3-S and
declined TO 90. 1t rose afterward to 90 3-S
fell back to % and near the close rose
UP again to 9ii& closing at 81 3-Sd94la
May ranged from 90% to 81 rs and c,osed
at 9ls,. The gain for the day In Decenl-
Der was 1isc and for May only X.
Corn was very dun and the slight fuc-
tuat.ons of the day were caused prin-
cpally by the movements of the wheat
market AS the latter was firm in the
end, corn closed with a net gain of Ac.
The predicted cold weather caused some
buying on the theory that 1t would check
country movement. Receipts 534 cars Ca
hles were hM9sd lower, December rang
ed from % rs TO 26, and declined to 25 3-s,
closing at o. 7-s.
oats were firm, partially through SYM
pathy with wheat and corn, but mostly on
account OF the excellent cash demand.
Elevator concerns We're good buyers. The
visible increased So, 900 bushels. Receipts
GAO cars December ranged from 1872, to
ISIS, closing about NC higher. at 1Sas
Provisions were heavy from the same
causes that have been Weighing upon that
market for a long time past Too many
hogs were one of the reasons and yellow
fever was also continuing scare of the
bear traders. Offerings We're not heavy
as n rule, but there was no demand. At
the close December pork was 71A ,ower. at
7.75. December lard III lower. at 422ik6I
42h. and December ribs ~ lower. at 4,45.
Estimated receipts tomorrow: Corn, 425
cars: oats, 200 cars; hogs, 5000 head.
The leading futures ranged as follows: