The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-07
WHEAT SHORTS SURPRISED.
Liverpool Advanced 10 the Face Of
Thursdays Loss.
OFFERS ABROAD READILY ACCEPTED.
The Chicago Market Recovered All
the Loss, hut Closed Only =
Half Cent Higher.

| Chicago, August 6--Wheat today recov
cred all OF yesterdays decline, clos.ng iac
higher for September. The export bust
ness was considerably less at seaboar1
but over 30o.0oo bushels were worked from
hero. Llverpool's advance In the face OF
| a 10 drop here yesterday rather astonIsh-
| ed shorts anI was responsible for the
early strength here. Corn was weak early
on improved croI prospects. but rallied OF
cove ring. closing Nc lower Oats lost 40
&c. Provisions were weak on heavy re-
ceipts, declining 2Gm15c. the latter In pork.
One-half of yesterdays decline in wheat
WAS recovered immediately AFTER the OPEN
ing. Hep;ember, which closed The day be-
fore at 75,s was wanted at 77M774 and 1t
Touched 17la before the frs. batch OF buy
ing orders began TO be executed Ine
sudden recovery was due TO the rather
cxtrnordinary circumstance that, notwith-
staining the previous days decline here.
Liverpool rad advanced FAD before bus
ness commenced here
The remarkable strength OF the Liver
pool marke, was sscr bed TO unfavoraple
weather for harvesting and tho continent-
al demand. Foreigners. 1t was said were
buyers OF WHEAT In Liverpool. Spring
wheat offered from here last night 10
Antwerp and Liverpool. at a good margin
OF lrotit and for contingencies overnight.
were accepted,
Chicago receipts were IA cars, as com
pared with 200 last year. Minneapolis and
year.
The want of strong parties on the hui
side OF the market soon began to be felt,
and from tn, the highest poni Septem-
Der reached Soon after the beginning o.
The session, 1t declined irtegularly during
the forenoon to 7p%. or within isc of .ae
ciosinH pr.e yesterday. There was no
change In the general situation affecting
ran al no ~ ~
laiots had sold GU and were apparently
waiting for s,!ll lover cash prices than
had cen reached the day before.
The inquiry for casn wheat was re-
ncwed Oh the decline and he demand VAS
such as Ia give Lromiss of pcfhars as
ihiIe blislress as was dcne yesterday.
One lot OF 100000 bushels No. .NortNera
sprins was sol0 a, 4AW5c per bishel III
store over the September price Tor snip
ment TO miller at Milwaukee. The prln-
OPAL demand. however, was for EXPORT
Tht CaSh huglntSF ovCrcamp the effect
of some bearlah features in the domestic
situation, such as comm encement of hur-
vest a. lar north as Grand Forks, n, d
and aceumnlaliliS rece'pts of wheat Al
kHnsns CITY. The price OF cash wheat did
not reach yesterdays ilsur,s. but vcsse
room was engaged for 3Sb,000 bushels, and
about 20 boatlouds were reported accepted
at the seaboard.
September cased off to 1874, turnel
STRONG aGnin. and after touching 77Ss eased
off to WM1I1s at the close. September open
ed ilaalae higher at 77M77., sold betwe N
7bs and 7ile. closing at T7q77is bad
Corn was again depressed by the great
progress male by the growing crop : nee
the late hountiul rains and the consc
quotAt loosonins up OF country holdings.
The country IL accepting all BIDS. ..liJ
mat class were free sellers in the pa
against thor country purchases. Re
ce.pts Were 20 cars. Exports from tho
s,eihoard ports We're ill,0W bushels. Sep
tembcr opened Ac higher al 27le. decline.
Tregularly to 26la, recovered and closed
at II.
OsLts ruled easy with corn. but liqu'da-
ton was not so heavy as yesterday.
he provision market was only moder-
atcly active and rather weak. No one APP
! cared willing IN give 1t any support un-
I'll ii had good break. and the hiyers
who came into the market were people
who had sod earlcr, Recepts of 1000
head OF hogs In excess of the number eX-
pected was the reason given for the weak.
ness that prevailed until near the end Of
The day.
Estimated receipts tomorrow heat 100
cars. c1rn sW Gals. oats 400 cars, hogs H..
900 haad.
NO leading futures ranged as follows: