The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-31
CORN WAS 7HE LEADER,
Although Receipts Were Large There
Was an Advance.
SEPTEMBER WHEAT WAS VERY WEAK
The Close Being Below December.
oats and Provisions Were heipeo
by the strength Of Corn.

Chicago. August 30.-Corn was the lead
ing market on change today. ~ cioseu
with a 1 1-2c advance, something remark
able in view Of the enormous receipts. sep
tember wheat was radically weak on the
almost total abandonment OF their lines Oh
that ontion by the heaviest holders and the
taking I'D Of December. September wheat
closed s1-2 lower than the close SATURDAY
Oats and provisions were both beneiiteo
nv corn oats advancing 3-S and provisions
| 5@12 1-2.
| Wheat started rather weak. Liverpool
onened with a decline of 3-4d and had made
a further drop of ga or 1 I'D In all before
the business of the day commenced mere.
Paris was reported as showing equivalent
| of Ia cent per bushel advance at the open
| ing, but the Liverpool decline received the
greater consideration and caused Decem-
Der wheat to open here at a decline oil lg
1 lac per bushnell. The decline Favored
those who were already short and was
sliced upon as good opportunity TO Sc
cure quick profit. Some bulls also VINO
had sold out the week before took Oil new
lines and the result was a gradual I'M
provement. December started at % jag
| so or 16l1 IA below Saturdays close anu
advanced to SO "a when a heavy decrease
| in the visible was announced. This caused
| renewed buying, the price reaching W IA
for moment. Following that came the
closing cables, which showed material de-
clines at the chief foreign markets. This
| created revulsion of feeling and by 1870
O'Clock the price Wa back to 50 L.. The
decline for the day at Liverpool was from
| 1%d to 2ihd per GENITAL. Paris showed
3-4f or 4c a bushel decline for August.
| but an advance equivalent to lie per
bushel for November February. Antwerp
declined e. 1-2 centmes or 3 1-2 cents
bushe These declines put quietus on
| the rather alarming statements of crop
damage put forth by various foreign au-
thorlties, notably the Austrian minister Of
agriculture Chicago rec~pts were $40
cares Minneapolis and Duluth received
[ 524 cars compared with S39 on the corre-
spending day of 1896. The clearances OF
wheat and flour from Atlantic ports since
Saturday inclusive of those from New Or
leans and Newport News amounted 10 I'M
usually heavy quantity of ,050, 900 bushels,
of which 500 900 bushels were in the shape
of wheat. The visible decreased 1,256O0O
bushels and the total is now reduced to
| l5,473,000 bushels against ASH 74 900 year
| ago. The worlds shipments to Europe last
week aggregated 7,453,000 bushels. The
| English visible decreased 1856, 900 bushels
| The amount on ocean passage increased
| 1850 900 bushels. One pronounced feature
of the market was the almost complete
abandonment OF September wheat by the
parties who held by far .he largest line OF
1t. The dumping of September for De-
cember at the opening and within are
| hour the 2 Lee difference which existed
between the two options Saturday had dis
appeared and the eagerness with which
the exchange was made at even figures
| proved an additional source of weakness
and ultimately put the price OF September
below December figures The market
ruled dull during the closing hour with
December lowering around SO IL. The
closing prices were SO 3-S for December
and 50 for September.
Corn was very active. With the eXcep-
ton of slight feeling of nervousness at
the opening the market was astonishngly
strong, considering the receipts of 1855
cars, the largest on record. Elevator peo-
PIE led the buying and reported general
railing off in country acceptances farm
ers evidently holding back for better prices.
There was also a good deal of covering by
scalping shorts. The visible supply in
creased 5,597000 bushels. Clearances 4O4,-
900 bushels. December opened is lower
at 3lW3l l-2, advanced to 321-4 and
closed at 80 Is.
The bulk of the business in oats was in
the way of exchanging. Fluctuations were
ruled by corn and the tendency therefore
was generally upward. Receipts were large.
$40 cars.
PROVISIONS started weak on the break in
prices at the yard and liberal hog receipts.
The opening decline, however, was slight
ana sharp advance soon took place which
was undoubtedly caused by the strength of
corn. A feature was the buying of Sep
TENDER pork and lard by the Cudahys and
me selhhg OF October and December by
the same people. At the close Decsnber
pork was 800 L. December lard at 95
and December ribs $40
Estimated receipts for tuesday, Wheat.
800; corn, 1900; oats 600 cars; hogs 16, OOo
| head.
The leading futures ranged as follows:
-Articles- Open. High I Low.ICIose
| Wheat-No. p