The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-02
WHEAT RATHER STRONG
And It Carried Other Grains and
Provisions With It.
IOWA CROP REPORTS SENSATIONAL.
Renewal Of Foreign Buying DeveI-
Oped the acknowledgements Aver
aged n Million Bushels Daily.

Chicago, September 1.-All grain and
provision markets were strong today after
an opening which rather indicated an op-
posite condition. renewal OF foreign
buying and heavy clearances started
shorts IN wheat covering in the old IA
millar way and resulted In an advance OF
80 in December All the other markets
were carried along, corn having the addi-
tlonal help OF some decidedly sensational
crop reports from Iowa Corn advanced
and provisions 5n71s and oats 5-S.
For a moment at the opening wheat was
below the price 1t closed at yesterday. 1t
soon recovered. however. and for an hour
afterward ruled firm, with a gradual i'm
provement in prices until 1t had turned a
3-s decline at the start into an advance
of ~. The first trades In December were
at from S91s to SO SIS and before 1890 mad
risen to 90 3-s and in less than AN hour
later the price was 81 3-S. An unaccolint-
able weakness overlook the crowd on the
curb after the close of the market ycster
day and a little of that found expression
ut the start today. There was nothing OF
a weakening or dscourag cling character in
the early news. Liverpool was quoted I'D
lower. but New York reported foreign
buying orders and acceptances OF offers
made last night by, cable both IN the
United Kingdom and on the continent.
Deliveries at Chicago of September con-
tracts did not exceed 1900 bushels. al
though Liverpool was a shade higher
par.s was the equivalent of NC per bushel
higher and sectnd cables showed mark
ed change for the better at the English
market. 1t was to the renewal OF foreign
buying that the market owed its strength
as it showed the dependence of Europe
on this country for supplies until next
spring at least. Receipts here were 4l5
cars, twonty-one OF which were contract.
Minneapolis and Duluth received 1874 cars,
against 3i5 on the corresponding day OF
tho year before. The Atlantic port clear
ances We're again close to 100000 bushels
being o6G 600 bsisdhels. which will make the
average exports 100000 b,uhels day for
three consecutive days. for the equivalent
OF witch reference has to go back to the
year of the Russian famine. That gave
"a fresh impetus to the upward trend of
prices. December bringing 02 rs about
1880 O'Clock. Closing cables were of
mixed character. Paris 20 cent.mes-1c-
lower: Liverpool closed at an advance of
from isd for December to Id higher for
September. The advance kept gaining until
Within minute or two of the close. De-
cember rose to "a. but had reacted to
g} 2-S at .he close.
There was an enormous trade I'm corn,
with the West doing the most buying and
with crop damage claims the factor There
was some disposition to sell at the OPEN
Ing on predicted rains in the corn belt.
but that changed quickly and wheat
shorts started for cover December start
ed at from 31% TO 32M. most of the trad
ing at the higher figure. which was about
where II closed yesterday. The price
ga med steadilyAnntil a few minutes from
the close whertt reached 1914 and wound
un at 33hM33L Receipts. 1850 cars.
The session In oats was attended with
out amy noticeable activity business being
practically local, The market was firm
throughout. principally through sympathy
with wheat Receipts. 453 cars.
Provisions were moderately active at
cemher lard 2iS@5 higher and December
ribs unchanged
Estimated receipts for Thursday
Wheat 1O5 cars; corn, 1925 cars: oats. 400
cars; hogs 10000 head.
The leading futures ranged as follows:
Articles lOpen. High Low Close