The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-09
WENT DOWN A QUARTER.
Wheat Declined 10 the Face OF Ur'
gent Export Demand.
HEAVY HOLDERS LOADED MARKET
Foreign News Indicated Strength,
Renewing Bullish Tendency for
AwhtIe--COrn Irregular.

| Chicago, September s.--Whcat closed to-
| day at q decline OF u In December, the
active future. Tho decline was due TO
short selling and realizing, and was in the
face OF a very urgent export demand.
Corn was weak at about " decline, the
predicted break in tho long, disastrous
drouth injecting some ginger into the
bears. Oats declined VI, pork 20 and RIBS
5a7h. Lard was only a shade lower.
Wheat opened strong, at from 9eA TO
0sla for December. compared with 96B at
tho close yesterday. For twenty minutes
It struggled upward and at the end OF
that time It had reached 96 rs. Al around
9sX people who had been selling for
scalp were compelled to buy, but about
that tirne heavy holders OF long wDeat
loaded the market with all 1t could hold
ana continued selling, until the previous
addition to the prices had been driven
ont and a decline of u established, tho
price having receded from Sc 7-S to 909s,
Liverpool opened about I'D higher ana
somewhat later advices showed lAd al
vance. That was The reason Ior the OPEN
ink strength. Paris also showed an az,
vance and foreign crop advlces were an
OF a gloomy tenor. Chicago received 3JS
cars OF wheat, but only ten Oh lhen were
OF contract quality. Minneapolis ana Dus
luth got 80 cars, compared WIN sD inc
corresponding day OF the previous year
The Atlantic port clearances OF wheat
and -four were equal to G5l,OO1 Dushels
Closing cnblegrams reported advances q.
Paris and Antwerp equal TO IRON 2Is 10 5A
per bushel at the former ana 10 per
bushel at the latter The news from New
York about the foreign demand Tor wheat
was quite as strong as 1t was yesterday
Everybody who offered wheat by caple
t..l., nod nfst Vi no.
quests for further offers. New York TOOK
all the cash wheat offered from Detroit
according to "A dispatch from tpe idt'er
city. The great foreign demand Tor cash
wheat and the strength of the continental
markets renewed the bullish feeling ana
the decline that followed the first ad.
vance was recovered from, the price ot
December once more reaching 359s. AZ
that price realizing sales again oecaan1
quite heavy, and the market gradually
doclned to % 7-S. where II closed.
Corn was irregular. The market opened
firm on the dry, hot weather and contln-
ucd crop damage report. the reports TO-
day being the worst 20 far received. rms
uaiscd some covering by shorts and a
slight advance. which was lost however,
when the bureau predicted rams IN me
corn belt and "A general break In the not
spell. A slight recovery ensued later with
wheat. Atlantic port clearances were 63s,.
coo bushels, and New York reported
strong foreign demand and heavy sales
for export. Receipts were 1929 cars. De-
comber closed at rs bid. lam5s below yes
terday's close.
Oats were relatively firm, almost hold
ing their own. although there was break
OF 7-S in corn at one time, The, specu.a'
tive trade was very moderate and huctua-
tlous were confined to narrow range.
The shipping demand was largely a sus-
tanning factor. Receipts were 3Gi cars
New York wired $4,000 bushels for eX-
| port. December at an advance Of X.
Provisions were very quiet the market
| ruling easy. the result of the yellow fever
| acarc There was some support, but not
| SO energetic MS yesterday. the result be
| Ing a gradual decline The decline In corr
| was u weakening influence. AT the close
! December pork was 20 lower at S62's
| December lard a shade lower AT iS5, airt
| December ribs. 5Gfia lower. at i.SIiaM5.0O
Estimated receipts for Thursday; Wheal
400 cars: corn, 1850 cars; oats, 1926 cars
| hogs, "a. 600 head.
| Tho leading futures ranged as followsi