The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-02
BEARS JUMPED ON WHEAT.
With q Great Array Of News They
Accomplished Little
A DECLINE OF ONLY HALF A CENT
only One BuIIish Feature showed
Up Daring the Day, but shorts
Took Their Fronts.

Chicago. November diminishing re-
ce.pts and tho drouth, which have been
| the man support of wheat for severai
days, both went by the board today and
the result was a decline OF VIC In Deem
Der. A heavy Increase In the visible add
ed to the discomfort Of the bulls. Corn
and oats were shade easier. PROVISIONS
we're firm and advanced 715Tl2iac.
| Wheat had to encounter great number
| OF d.scouragcmcnts to begin with, ana
These were added to by the extremely
| bearish features that developed DURING
| the day. The breaking OF the drouth
| throughout Illinois and Kentucky. very
heavy receipts OF wheat IN the Norm
west tower quotations from Liverpooi,
worlds shipments for the week heavier
than expected and further increase In
the amount on ocean passage, was TOO
formidable an array of opposing forces Tor
the bulls DO stand M against, and conse-
luently the opening OF the days prices
was n a decline Of about &c per bushel
Dece nber ranged from 96l2 TO s6es at the
opening, with "A few sales at $685. Omcr-
ings were not 30 heavy as expected. anu
for this reason a slow recovery 20 ia
which was the hlgQest point OF the DAY,
was noted. After that prices sagged. tht
weakness becoming very decided when me
figures on the Visible were announced,
showing an increase OF 235,Wc bushels.
THIS was a complete surprise and showed
how lttle can be learned of the changes III
stocks in regular elevators Of the country
bv taking the published daily receipts at
Shc principal markets. Liverpool showed
I'D decline at the opening here but TccoN-
crei this later.
Al Chicago the receipts wcre ISL cars
~ OF them No. } Northern spnng. Minnie
rnnDrtH1
con pared with 1910 on tho preceding week
and lii1 the corresponding week OF the
y"tr before. Bes des the rail receipts as
mention cd for Chicago, 1860 bushels were
received by canal. but the latter WAS UNI
dcrstood 10 he from Il cleartlg house on
the canal In the nelghborhood OF Chicago.
The quantity on ocean passage showed
an rcroase OF ll2O,O0O bushels. the Eng
llsh visible an Increase of l,2S9,0Oo busheis
and thc local PRIMARY market receipts to-
day were l,s5l 900 bushels against l.la5,UJ0
a yeal ago, The statistics for the day
were hullsh n only one particular. and
HAT WAS the quantity of wheat and flour
cleared for export from Atlantic ports
since Saturday. which was equal TO $4,000
nv is O'Clock December had declined to
1O. aud May which hal started at 9iisqp
3i2a. wns selling at 93N
During the AFTERNOON the snarket show
ed gns Of strength. a break CT over isc
was tempting enough to many shorts, who
improved me opportunity to take profits.
' nv buSlng caused n rally III December to
9dh where II closed. May, In the meau-
time. recovered TO and closed at 93la.
Corn was barely stendy, closing ut a
recess on from Saturdays closing. 1t was
Que entirely 70 sympathy vita wheat
rather strong statistical news preventing
more than &c decline. Local stocks lie
creased 2i2,mO. Receipts We're moderate
h13 CO and the rains were expected tc
cause furthcr falling off. Cleardnccs
were &,.cO bushels The visible supply
increased l.ls5oo) bushels. Business was
very moderate in volume. Decenlbei
RANGED from a 20 2h7s m closed at 26e4
oats were quiet. with an easy feellul
arparent, and prices we're Off tribe IL
sympathy with corn, only Il small Dusi.
ness was transacted ana rothsng N TN.
way of features was developed Tho visit,
bic decreased 5oi00n bushels Iocal stock.
fell oil 65l,0 600 bushels last week, wh.Ci
steadleh the market somewhat Receipts
were Sla ears December ranged from lgs
10 1918 and closed n shade lower AT W.,
Provisions were puiet all day Hog re-.
ccipts We're ligAter than expected ana
| frceznt weather was reported from the
| yellow fever districts ExIectat ons of I
| heavy decrease IN stocks for the month
occaSioned some buying, with the casa de
| nand flrm, ana a slow but steady aiVa1,,
cnSucu. At the close December pork wa.
| l2l2c higher n, 765, December lnrd 7ib,
| higher az t.s2is and December ribs i1S
| higher nj i.60.
! Estimated receipts CORRESPONDENCE M
| cars corn $50 cars, cats $40 cars, hogs 20
Coo heed.
The leading futures ranged as follows.