The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-05
CAUSED 4 WEAK MARKET.
Part Of the Long Liae Of Ball Clique
Wheat Meat Over.
PRICES SUBSTANTIALLY UNCHANGED
Drouth Partially Broken in Three
Big Spring wheat states-Corn
and Oats strong.

Chicago. October Part Of the long
line of wheat held by the bull clique went
over to-day. The sesiing of ~ caused a
weak market, but the strong foreign ST
nation asserted Itself sufficiently 10 cause
the market 10 close substantially at un-
changed prices Other grain and provision
markets were remarkable chiefly for their
da,lness. Corn closed "a higher. while
cats and prov Lsions were unchanged at
the close TIE opening in WHEAT was
quiet enough ard some strength was
shown. December, which closed Saturday
at sat. 0s@M started today at from Sei1
to sy.,. But ten minutes after the open
ing the uarke, was treated with break.
hich for q few nscneuts. put traders on
the verge Of a panic. The price ssumped
nearly e In about as many minutes 1t
came so suddenly that the trade was con-
WINGED that Saturdays curb stories Of
put purchases of aoco0oo bushels had
some foundation IN fact and the leading
buu interests were getting ready 10 u
q1.date. December dropped to s7's. From
this point it rallied to ssla and sooa after
gave Indicators OF settling down arourd
Sszs or a cent below the Opening price;
While the opening Liverpoc! cables noted
a decline OF 3sd from Saturdays closing
there had been a sharp rally Iater. Inere
had also been reduction of 225,eo ousnels
last week IN Llyerpoo! ware house SOCKS
OF wheat, and there was very sharp
advance in the stock market at New
YORK. X was these influences that made
the strength at the outset although re-
ce.p-s at Minneapolis and Duluth were
large, ii5s cars. against III car. last
week. The weather map showed also tnat
the dr0uta was partially broken in the
Northwest by showers. which covered the
= +rT~ -fr
worlds shipments Of wheat last week are
again iarg- at 92ti.Go bushels against
e,so7.ono bushels q week previous and g.
O4s 90 bushels for the corresponding week
last year Thoman's October report re-
.terattng lis former estimate Of a total
wheat crop OF $50 0doo bushels undouot-
eddy assisted IN increasing the pressure OF
the wheat market. during the early break.
The visible supply Increased l.5is,Q1 bush
els for the week AS the day advanced
II became more and more evident that
large holdings ard long wheat were be-
ing thrown on the market and the early
su nm. So of the trade was substantially
CORRECT. The market was net on every
little rally by so much property that II
hour, however. the market gave evidence
Of having pretty thoroughly dLgested the
offerings. The break had evidently slim
ulated Z lively foreign demand for before
O'Clock 81. Louis had reported 25goCoO
bushels cash wheat sold abroad, while
New York was reporting sales Of a boa.
lcz&c1S rhsre. The cloSiIlsy cabIeS showed
an advance OF IA and Paris was also
strong. Late in the day. when New York
reports swelled the sales TO so boat loads
there was a stampede among the shorts.
which carried the price almost Up to the
opening figures.
C'rn was disposed to follow wheat. The
market was strong at the outset on ac-
counr o. The firm LIVERPOOL cables and the
continued dry weather. Prices declined
when wheat took its plunge, but soon re-
covered. ard after that the market drifted
along n the wake OF wheat Tral:ag
was aarrow ard fluctuations as conse-
qusrce were narrow. Receipts were 7Sg
cars. Visible decreased 1.7so000 bushels
Oats-F'olloved wheat and corn E,eva
tor interests sold quite freely on the cary
decline about the o-siv business Of import
auce Il the session. Toward the elosss the
market gradually steadsed and closed
steady ard unchanged from Saturdays
price.
Outside Of the selling Of January uro.
ducts by a few % the leading hackers
there was very little business done In pro-
visions The market wa. weak owing 10
the yellow fever news. but fir-1ed un later
on fhs recovery in grain and a slightly
improved demand
Estimated receipts Tuesday: wheat sSa
cars: corn SO cars; cats 30 cars: hogs.
.0nf0 heat o''
The leading futures ranged as follows.