The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-02
A SHOWING OF STRENGTH
Was Made b, Wheat Early in the
Session.
A GRADUAL CHANGE TOOK PLACE.
TIE Close was at . DecIine-Oats
and Corn Followed, Each CIosing
Lower-Provisions Declined.
A GRADUAL CHANGE TOOK PLACE

Cnicago, OCTOBER l.-WnedL maoe y koVu
showing Of strength during the carly hours
Of the session today, but gradually changed
around and closed at 1-2Q5-Sc decline.
Drolith news was again the prominent bull
ish factor, but weak Liverpool cables and
an act to realize ultimately wiped out the
Corn followed wheat. starting strong and
closing 1Sc lower Oats declined 1-2c and
provisions closed sc lower all around.
Wheat opened easy at a slight decline.
December wheat closed yesterday at 80 rs
$50 "a. started today at go $50 30 Ia
This was because OF the weaker English
| market The weakness was especially pro-
nounced at Liverpool, which market started
at an advance OF 5-sd7-Sd. but before the
opening here had declined to 1-4Q3-4d be-
low yesterdays closing prices. All the Of
ferings at the opening prices here were
readily absorbed, however. and an imne
date change OF direction was impaired to
the market The dry weather condition
reasserted its influence and the decline at
the start was soon wiped out and an adj
vance inaugurated. Inc price reached
for short time between that and ~ ga
II took another squirt to ~ 5-S. The influ-
ence OF the droutn news was intensified by
the fact that no change in the Reyaiiing
condition was anticipated for at least
thirty six hours. The advance TO 81 5-S
satisfied the bulls and they E,ok their
profits. The price in fact proved the turn
ing point OF the day Various theories were
given to account for the Liverpool decline,
one being that 1t was partially due TO sell
Ing against No. 2 spring wheat for which
shipping engagements were made here yes
teruay. The Chicago receipts were 206
cars, Minneapolis and Duluth got 1885,
against 1901 week ago and 1896 on the
corresponding day OF 1896. The Atlantic
port clearances were only moderate at the
equivalent in wheat and flour Of $4,000
bushels, Continental markets were from
steady to firm. Paris being unchanged ana
Antwerp IL 1-2 centimes higher. More
NO. spring wheat that had been delivered
Oh september contracts was being Gent for
ward for Liverpool. The quantity was said
TO be about as much as was arranged for
yesterday, about $50. 600 bushels. The mar
ket grew quite weak later In the session.
There was good deal of disappointment
over the weakness at Liverpool IN the face
OF yesterdays strength and the advance
or the morning. Closing prices at LIVER
pool were 1-491 1-sd early. Many Of the
early buyers reeold and the market reached
the lowest point OF the day on the decline.
December selling at 80 l-s. That price
was bid at the close.
Corn during the morning was In good de-
mand from the shorts on account of the
ory weather and the consequent enforced
feeling of the stock. which they claimeN
was more OF factor in using up the crop
tnan any export demand. Prices advanced
quite gu. Sharply in the first two hours. then
,ne market began to feel the effect of free
selling by longs and gradually declined.
Expectations OF heavy receipts tomorrow
helped along the weakness The receints
We're 341 cars. Atlantic clearances were
Zio,ooo bushels December sold at 90 7-8
aSo and 20 1-S929 Ia, closing at 1-sc
lower at the bottom.
oats were weak and lower, prices declin-
ing about lac all around. The late heayi
ness OF corn was an influential factor and
seiiing was heavy on the break In that
market. The early, firmness was due 10
ths drouth reports. Receipts were Ell
cars Clearances were 268, 900 bushels. De-
cember sold at 20 1-S and 10 5.S. closinp
Ia lower at 10 5-8 ,sl6azi,
Provisions were easy. showing but
strength. even when u, grain ma
were strong. Buyers were discoura ged ~
the more serious aspect the yellow fever
situation had taken and considerable short
seliing was done on this account The mar
ket closed at the bottom December pork
closed Be lower at s.22 1-2; December &c
lower at 4.52 LIZ and December ribs Sc
lower at 4.72 1-2M475.
estimated receipts Saturday: Wheat 900.
The leading futures ranged a. follow.
.t;-1-.-