The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-14
WHEAT RECLAIMED The Loss
Brsdstrest's Big Visible Supply la
crease Was Revised.
THE CROWD SOLD TOO MUCH WHEAT.
Attempt ~, shorts to cover stopped
the Downward Tenaeacy aaa
started the Bulge.

Chicago October la.-Wheat today re- |
gained almost precisely what II lost yes |
terday. December closed at lh advance. |
Sales for export and revision by we'll |
known English authority OF tho surpr!s- |
ing visible Increase figures given out by
Bradstreets yesterday were the princi- |
pal stimulating influence. Corn was weak
at the outset and the strength of wheat
only served to drag the market back to
yesterdays figures Oats closed II high-
er, and provisions under good support
advanced a.
News affecting the wheat market was
about evenly divided at the opening. Liy-
erpool cables were slightly lower at tho
outset. There was also London Times
cable saying that rains had practically
assured the Argentine harvest and that
s7.0Qo.00o bushels would be exported from
that crop. December, which closed yes
terday at 90A, opened today saxGlS.
There was quite influential selling for =
time. Influenced mostly by the breaking
of the Argentine drouth and decline -
Ss% resulted. BY II o'clock. however, the
complexion of the market had changed.
President HIN of the Northwestern
road estimated that his line would not
have over 4o.0oo000 bushels Of wheat to
carry this year. whereas 6o,Wpeop mad
based on harvesting returns. which we've
very poor In some localities.
Northwestern receipts were modcrate.
Minneapolis and Duluth reported 962 cars
against 1908 last week and SGT year
ago II developed as the day advanced
that the crowd had sold too much wheat.
An attempt on the part S S ahe !, onyes
brought out tho fact that offerings We're
scanty. This put the trade In very
good condition to. receive the report OF
ENGAGEMENTS at New York ana outport
receipts of 100000 bushels.
One Of the most bullish items OF the
day was Beerbohm's estimate that the
creased GVs' 10000 bushels during the last
week.; this was 100000 less than Brad
streets had figured It,. New York
exporting irm rspo sshes sn az wheat IN
the last three days.
Official closings at Liverpool and An,
twerp were lower, but 1t was reported
later that the curb market in Paris was
| up Af Altogether, the trade here showed
| more strength and activity than y mas
| shown for time. December by o'clock
Corn was weak. The A0pts decline, at
| Liverpool, coupled with the fact that
| there are now nearly 100000 bushels IN
public. and private warehouses mere,
| caused liquidation. which was heavy at
| times. Shorts covered freely when wheat
turned strong, but the incubus OF tne
| enormous local stocks MADE the mhIhe'
| SO soggy that only slight rally resulted,
| Clearances were very light--l7bo0o bush,
| els. Receipts 552 cars. December ranged
| from Is to 27&, closing unchanged az
| NTsG2S. 49,. ~.
| decline dr, corn caused a disposition tc
! sell, and values deprecated considerably
| There was an excellent export demand
| and this with the wheat advarce: caused
a rally to the best point of the day. Re
ceipts ssa cars. December ranged , IRON
Pnovisiofas started weak, in sympath,
with 5a10 lower hog market at tn
| wards. There was continuation earl,
| Of the recent liquidation by longs. but
when the grain markets. began going "
| the whole temper of the market changed
The English houses began to renstat'
property recently sold and there was soo(
highest point at the close. December
pork closed 1917 higher at 7.72h: Deccm me,
/ lard Oh higher at 4.45. and December ribs
TX higher at 4471k Estimated receipts
Thursday: Wheat 1856. corn $50. oats 70"
hogs oS000. -
The leading futures ranged as follows: