The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-19
4 SENSATION IN WHEAT
Quotation YESTERDAY the highest
Within Six Years..
PRICES WENT UP LIKE A ROCKET
paris Advances Caused a stnmpedc
Unfnvorable Crop Reports ir""
Northwest Corn and oats.

(-hicago. August 1S.-Scptcmper vince"
.,av aid at the highest point reached
.,rao ,so, and closed amid great excite
mort at ssls an advance OF ~ since yes-
terday The market was strong all day.
hut the sensational advance at Paris
.,arted n regular stampede among shorts
and sent prices up like rocket. otner
marlsets were dragged along upward, corn
advancing Is and oats u. Provisions
closed at advances ranging from 2M Tor
lard to 80 for pork.
In wheat traders were treated TO sur
prise at the outset by the action Of the
Liverpool market. which was totally I'M
affected by yesterdays break here and be-
fore the local opening even showed an
buying In England by the continent of
cargoes of California wheat. New York
also reported numerous acceptances OF
| last nights cabled offers. September
wheat which closed yesterday at SS7sfp
SsX, was wanted at the opening at from
| SbA TO $50 and sold sparlngly at Sun, at
| aliaut the same time, There was
| naturally a good deal Of wheat for
| sale on so radical an advance and be-
fora sellers fell again into minority the
price mad reacted to Si5s From that point
IL began another climb and went htghe,
| than before ere il reached another halt
Ing place. Principally to poor crop re-
ports from the Northwest was due the
advance. Not only were the returns 81
wheat harvested disIppoirtingly light ac
cor,ilne O. ihese reports, but that part o
1t sim standing had deterlorated consid
eiahiy ia the last three weeks, Fiold
i'm North Dakota, that three weeks ag'
looked Ike producing from twenty Il
twenty five bushels, can not, from prcscn
Appearances. yield over from twelve tt
fifteen bushels, aud the average for tn
best part OF the state, where the whea
* still growing, Is now put conservative,
at not over twelve bushels Septqmhe
advai,ced to S5B, before realizing was SUI
acient to send the price down again, The
for some timo the market fingered aroun
|
and g03 900 bushels were Inspected out o
store. Minneapolis and Duluth Got II
cars, compare, with 23i cars week az
aud Sl5 the corresponding day OF las
year The primary markets IN the Yves
received total OF $4,000 bushels. con
pared with GU. 0)O bushels ON the like dA
1 OF tSG. Exports from Atlantic seaboar
/. Were equal IN wheat and flour to $3.50
- no riav
, the great advance In Paris quotation
The August delivery is equal to 6Ac ~
hushel higher than 1t closed Saturday las
. | Deccupber-tebuuary term was quoted
" or the equivalent of JAc per bushcl, TT
- effect was ielt Immediately in tho y.
Even at that price little or no wheat ",
IA oflerrd tor SAFE ana the market adVanc,
=. with extreme rapilty The close w
wild. SSta being offered for SGptemhc
l. while December was practically on
even plane with 1T, but was bringing s.
AT the end.
X Corn wes strong hut it's strength w
r chiefly u reflection from the buliishnc
y OF the wheat market. 1ho weather W
too cool TO be satisfactory however, al
Il GENERAL apprehension of frost dama
| prevails among speculate The mark
II, ruled easy until the last hour. when &
Wild burst of wheat carried corn alor
" the close being strong at the top prize,
y, Local receipts We're III cars:
The trade In oats WAS rather sluggi
nntIl the last half hour CT the sessic
when the enlivening influences OF whc
d was felt to a marked extert. The prI
IN was. controlled entirely by other era
h. markets, Local receipts 40 cars,
In | Provisions were strong. At the clio
In September pork was 80 higher Sentcml
~ lard 90 higher and September ribs I
or 0lb higher.
n. Estimated receipts for Thursday VIII,
s2S cars; corn 900 cars: oats 6a5 cars; he
c. $500 head.
The leading futures ranged MS follows
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