The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-14
WHEAT WAS VERY WEAK.
Bull Pool Liquidation and Forelgr
Markets the Cause. z
DECEMBER OPTION LOST TWO CENT'
The Opening Was Heavy and the
Downward Course Continued
Throughout the session.

Chicago ILL.,. September 1S-The weak
mega of the market was renewed today
and for the same reasons--foreign mar
kets and bull pool liauidatfon-Decemb
closed al 7-sd2 decline. Corn was weak
early but recovered all the decline later.
Oats were shade higher at the close
Provisions. Ike corn, started very weak,
but changed and by closing tune advances
Of 5Git0 had been recorded
Wheat opened heavy and without amy
specia. activity. The opening trades were
at from q to 1 per bushel below the
Saturday closing prices. December start
ed at 9b1t@957s. against Saturdays close
of 96s. The tendency fol the next hour
was to recover a little Of the first loss,
but at tle end of that time the first
though! of traders came back TO them
and n stdl lower price than the lowest
point of the opening range was brought
around without much business passing.
The Liverpool market was from i to ~
lower.
Rercipts were heavy, 55s cars at Chica-
go and 1902 at Minneapolis and Duluth.
$4,000 bushels larger for the week and
an increase of somewhere around 1.00O,Wu
in tn, visible was looked for and the ex-
pecta tons were subsequently fulfilled. Out
of the o5S cars received at Chicago only
fiftv-nine were contract and only forty
eight oil the 40 received at Minneapolis
were No. Northern, but little attention
was paid to this. however.
After the receipt Of the visible supply
figures, which showed $4,000 bushels IN
crease. although that was about what had
been looked for. the market had very
severe spell.
December recovered to 1854 during the
first hour. 1t fluttered uroasily for. some
...1 .
the time for the announcement of the
visible figures 1T gave no evidence of fur
Their weakness. Then, however. 1t be-
came very weak and the price dropped
down to 92is. like the hammer of a pile
driver. Closing cables reported Paris
from 10 to 20 confines lower, and Antwerp
unchanged. The report of thirty loads
being taken for export and claims of DAM
10 bring about a rally later In the .ses.
sion and under covering by early sellers
Decor Der recovered to 941sa94l4, where il
| closed.
Corr participated to a very slight de.
| gree in the weakness with which whea,
was affected. Fo- time after the open
| ing the market was easy at a small de-
cline. This was caused by heavy receipts
and Phenomenal opening break in pro-
| visitors which started liquidation by timid
holders. The visible supply INCREASED
1881, 900 bushels and local stocks increased
| 201l,y00 bushels. Notwithstanding this
there was good bnying the market being
helped perceptSbiy. Receipts, 1861 cars
December ranged from 32Q32ls to 3113l9s
| closing unchanged at 31k.
Oats were influenced somewhat by corr
| during the morning. Later in the day
| good cash enquiry was reported. which
caused firmer feeling. The spread being
made in December was reported. Receipts
$40 cars. Visible supply increased $500
| bushels. Decembe. ranged from q to POPS
| closing at Il. shade above Saturday.
| There was a very we'll developed vel.
l fn.FA 81 t1nA to- ~.,t
| sions. Liquidation ON fear of further
I spread of the pestilance caused SHARP
break. but a prominent packer who hal
| been free seller. later bought heavily
and prices quickly reacted. Trading drop
| ped OFF later. but prices remained strong
| At the close December pork was 5 higher
at S.sl,s. December lard 10 higher ait As
land december ribs ~. higher at 4.s5
| Estimated receipts Tuesday: Wheat 426
| corn 1900; cats 400 cars. hogs 10000 head.
| The leading futures ranged as follows.