The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-12-28
in THE WHEAT MARKETS.
Oriental Mar Talk Has Rather De-
cided Effect.
CORN AND OATS WERE BOTH STRONG
slight Decline in May Options on
Wheat-some European buying
Orders Reported.

Chicago, December N--Ali the activity
of tspiay's gra6n and provision markets
was confined TO the morning. During the
afternoon dli.hness all the advance In the
wheat market caused by smaller world S
shipments and the Oriental war talk. was
| lost. May closing at Ii4Ss decline. Corn
and oats were both very strong and sd-
vanced y and y respectively Provisions
chpsed at slight declines.
Wheat opened firm, at from u to "a for
May over the clostng price of Friday,
initial sales ranging from 9i4 to 9i%. with
a few sales u moment later at 9i9sG9iya.
An active trade was done for an hour, and
the market for that time maintained an
appearance of strength, with which 1t
started, May selling as high as 9iss@aiSt.
II once touched si,sd9iA. but under the
demand from shorts which was active
during the first hour. it reacted again 10
9l5s, aalh held around that figure for some
time. Apparently the only reason for uhe
strength was the new European war
scare, as nothing else of bullish char
actcr was contained In the early news.
There We're several bearish features IN
tho days news, chief of which was an
estimate made in a cablegtam from Bue-
JUS -NyItS IIlbk.tlB the ItfODtDie surplus OIL
wheat for export from Argentine forty
miltoai bushels. The last estimate from
there suggested an eXportablc amount OF
about twenty-five miGion. Foreign mar
ketS were closed, but New York reported
some buying orders for European account
amt the least onn, 5000 bushes, was
bought in the pit there on AN order from
Liverpool.
Tho Liverpool Corn Trade News esI
mated the worlds shipments OF last week
AT 5iiSS,eol bushels, exclusive of Balt-
more shipments, the United States con-
trsbuthng TO last weeks total i,75T, 900
bushels
Receipts in Chicago since Friday MUM
bered 7s5 cars by rail from outside, 2lS so
bushels unloadci from "A vessel IN the
river, besides 1000 bushels and l9i car
loads transferred from unlicensed 10 NJ
ccnsed elevators. IN all g90.000 bushels were
estimated TO have been added since Fri
day TO the con,ract stocks IN regular
houses. Minneapolis and Duluth received
| 1907 cars since Friday, compared with 955
q week ago and $50 on the similar period
the year before.
The visible supply increased 10il, con
bushels, compared with "a decrease OF 100
900 bushels the year before. Exports for
the lay from Atlantic ports equalcd i91, 900
| bushels. The heavy receipts here and AT
Northwest points caused considerable real
! izang and the short selling by profession
ais: this and the late duliness CAUSING a
decline in May TO 939sm933i. The price
was a Nttle better at the close and had
| Corn for the creator part of the session
| was very active, with an Increased out
side interest Many wheat traders were
| In tho pit, bidding for corn and shorts
were also active buyers. The week =
| o.earances were 1905 COZ bushels, the lack
OF country offerings aud tho European wal
scws We're all factors and the market
| ruled silong. The trade fell off consd-
crahly later I'M the day. but prices held
| firm TO tho end.
| In ITS essential features the market for
oats was almost countorpaw of corn.
| The market started very urm and active
with local shorts slightly alarmed ut the
strength of corn, buying freely In this
| mal'kci also the war talk was a factor
| Tho trade was much Guioter during the
afternoon. but without much effect OF,
| prices
Provisions were quite active and firm
during the morning. The Opening was
rather weak. with quite free selling and
q realizing by packers, The market soon
| became iirmer on good general buying. bu,
later I'M the day the advance was all lost
| the closing being easy. May pork closed
| & lower, lard unchanged and ribs 2i5 lower
Estimated receipts Tuesday: Wheat, IS,
cars: corn. 600 cars; oats, 600 cars; hogs
q. 600 head
The leading fntuIes ranged as follows:
~ It..Al v