The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-28
WHEAT WENT STILL HIGHER
December Closed at an Advance of
One and Three eighths.
A SENSATIONAL BULGE WAS TRIED,
and the Traders Very Quick
~ SObered Down.

| Chicago, October 2.-It looked for q
| time today as though wheat would make
one of Its sensational advances, SO char.
| acteristic of the market a few month";
| ago. AS II was, December closed at a
| / Csc advance. Small Northwestern re-
cepts. coupled with light offerings. start
| ed bulls ON the rampage but traders So
| bered down on the discovery that No. z
| spring wheat could mot be Sold for ship
me1t at cents per bushe lower than De-
| ccmber prices. Corn was helped by wheat
| TO a &c advance. Oats gained an equal
| amount, and provisions improved a trifle.
Influences governing wheat were as a
| RUE favorable to higher prices at the
opening. Liverpool had advanced quota
tions for wheat 10 per GENITAL before the
trading commenced here.
The predicted ram for the winter wheat
section stopped west OF the Mississippi
and the domestic receipts were l6S car
of which only three were OF contract
grade. Minneapolis and Duluth reported
166 cars, against l2OS on the corresponding
day of the year before. The price was
Helped by the shipments of st. LoliGs and
reports of large cash business of Duluth
for export.
All outside markets were strong. A
feature WAS the demand for December,
houses active ON the bull" side for some
TIME taxing on considerable. May was
not SO eagerly sought for as it has been
for some days, the consequence being a
widening of the spread during the moIrl-
ing to 3-S Decem5er, which closed yes
ter1ay at "a 3-SM9412. started with buyers
at "a T-SGt95 anu advanced to % 5-S. OIfer
!nSs up to this time had been compare.
lively scarce, but at the price several of
the large commission houses sod freely
and reaction to 80 set in. The prediction
of RAIN for IlIiaots, lndislira and Missouri
had some effect on the decline, did the
THAT Foreigners We're rC-SplHnE at
the seaboard. At those figures. however.
the demand again improved and the
market became strong. Liverpool closed
1mlAd higher and added TO the nrmiless
as did the heavy eXports-6Sl,O 900 bushels.
of which 10000 bushels was in -four.
The market was further advanced on
which sold on the early bulge, supposedly
for local professions who replaced on a
long inc. Before the advance was check
cd December had sod up to 96ta.
New York reported $4,000 bushels taken
there yesterday and forty three loads to-
day. Primary receipts showed some falling
off and were 5000 bushels under those
of last year. Continental markets ruled
lower. 70 spring wheat was offered
at Sc per busbel under the December
price TO United Kingdom ports without
bringing any response. Tbs fact brought
the market down with a JOLT and realizing
became quite free.
Corn was influenced by the big falling
off in receipts and the strength of wheat
cash situation was a strengthening feat
ure, the demard being better. Trading
was fairly active, some investment buy
ing being reported on poor houses asking
returns. The market eascd off somewhat
toward the close. Cables were Ad3-sd
higher December ranged from 26 $50 26ia
to &C. Closing /. higher. at PCS.
Oats We're firm on a moderate amount
of business, shorts being the principal
buyers. The strength came largely from
symra by Wi ether gra n markets. fair
export inquiry existing; receipts. 20S cars !
December ranged from Is rs to Is 5-S and
closed lass higher at Is 5-Sd24.
Provisions We're very quiet the market |
for time being strong. in sympathy with |
the gram markets and on good cash bust |
ness. During the latter part of the ses- |
sion the feeling was easier ON realizing |
sales, most OF the early advance being |
lost. AT the c.sse December pork was ~ |
higher, at 77i5: December lard 2k higher, |
at 4,250iZ7iR, and December ribs 2lsG5 |
higher, at 447RM4.5O.
Estimated receipts tomorrow: Wheat, 145 |
cars; corn, 475 cars oats. 30 cars hogs, |
81. GOO head
The leading futures ranged as follows: