The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-12-29
WHEAT AGAIN ADVANCES,
December and Nav Options Both
Close at Higher Prices.
SEVERAL RADICAL CHANGES MADE
Benrish News and as Promptly
Rencted ON Bu1Iish Pointers.

Chicago. December 2S.--Whsat openet
firm today and closed firm, at \, advance
for May and higher for December. but
1t had several radical changes OF feeling
during the session. Statistics were bear
ish, but the influence OF the strong coarse
| gran markets and support from the Letter
party countcrbal3nced this In the end
Corn closed without change. Oats gained
hmIs. Provisions were firm until near
the end, when they became heavy. and
! closed 2lgai5 lower
| Wheat opened steady. May sold at 9ih,
against yesterdays final price Of Ole, hold
| Ing for few moments at 9ili@9iss. There
was moderate buying al the start. lniiu-
enced apparently by the strength at liv.
| erpool, where itUsd advance was recorded
IN the tace Of Ae'ss decline here yester-
| gay. Early iirmness shown by corn and
oats also he.ped,
There was official confirmation OF the
small exports from an countries to Eu-
| rope last week that the Liverpool Corn
| News advised of today. The worlds ship
merits today were G6j5,O00 bushels, and as
| THIS country contributed i.75700O bushels,
the quota. of all the other exporting coun-
| tfieS IN the world amounted to only 1,S7S,-
900 bushels. a weak spell succeeded the
urn urn leeAns', CAUSED by heavy receipts In
chicago ami IN the Northwest. and an
estiinate enanating from what was con-
sidered u reliable source that Argentina
WouM nave am cxportable surplus of 60 =
oW'pJn. Chicago received 1888 cars and the
estimated addition to the contract stocks
IN regular warehouses from tolay's re-
ce.pts We're $4,000 bushels. Minneapolis
ord Duluth receipts were 6ji cars. aga nst
80 week ago and 3ii the corresponding
day of the year before.
Trading was very dull and the market
broke very easily on moderate offerings.
May selling DOWN to aSid. When the clear
uIrGA a Hf.ttp Mt IL
Tor the day were reported as equal to
5iopp bushels, the weakness that set In
was arrested and succeeded by ano iher
period Of considerable strength May re-
covering 10 9ih. and holding for some
timo at that figure. The Letter people
were conspicuous buyers on the advance
me me wheat and flour on ocean passage
decreased $4,000 bushels. Bradstreet's
made the worlds visible 10000 bushels
more than II was a week ago showing
an Increase on this side of 70 900 bushels
ana f ga q decrease IN and ailoat for Europe
of 100000 bushels. a year ago, on the
corresponding week there was {, net de
crease IN the worlds stock OF 1856 900
bushels Tho total wheat and -four cleared
equal to $4,000 bushels
=. The contract STOCK of wheat In Chica go
saturday night last was 7,255. 2sS bushels.
In addition to 2,257 900 for hhe wcel, and
the stock Is now S500,000 bushels
Atter II oclock the market experienced
anoulaer weak spell, during which MAY
uroplcd 10 aS'en93es but toward the close
inc market became quite strong again
ana gradually recovered TO 9iA, where Il
crossed. December was weak early but
was Shot up to l0Oh on buying of perhaps
2dl.0O0 bushels. II closed at aais Aftnr.
ewoon deliveries Of wheat amounted TO 90
On bushels, half of which came from Ar
monr Allen and Grier
Corn was quiet, active and firm at the.
opening on higher cables and the Foreign
demand. but broke quickly on the ,vneS-
pecledly heavy receipts, 05i cars, with
quite a rush of SELLING. The heavier ho,d-
ars stood pat In sympathy with the late.
nfnlhess or oats, co m beca no ST rorig again
ana was well supported for the rest of
| the session.
The market for oats was heavy and very
proad. ana THE market shared the openIne
StrohSth OF wheat and Germ, but the adj
vance provoked n flood of profit taking
| anu short ae.lhng, which caused n shlrp
! decline, AT the bottom heavy b,lvinr-
| commonced again, the Letter Interests he
| mig IN with purchases OF 250OOJ bushels
wEle other prominent people bought
| heavily, Rumors of the sale of fifty car
| ioaua TOR direct shipment to I.ondoq, cen
trlputed 10 the irmness Closing price s
| Were the highest for several months
lToVlsiona Were firm at the start Al
| ribs Pie lower. -'Ae WIZ
estimated receipts "Wednesday: Wheat
| ~ cars Germ, $40 cars; oats, 90 cars and
| hogs. g. 900 head "''''
The leading futures ranged as follows: