The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-24
WHEAT WAS SENT HIGHER.
Bull Clique Was Largely Helped BY
Outside Sentiment.
HEAVY EXPORTS ARE THE FEATURE.
Domestic Receipts Are Diminishing,
bat the seaboard shipments
Are SIN mt Par.

Chicago, October 23.-The bull sentiment
which prevailed In wheat at the close last
night was apparent, the desperate Efforts
OF the bull clique being strong throughout
the session, showing an advance Of 10 fer
May and rs for December Corn was
easier and held In place by the s,rengtli
Of wheat; today's cl,silg prices w:ie
about unchanged. Oats followed corn and
price changes were Of no consequence.
Provisions weak.
The revelation through yesterdays ad-
vance In wheat of the amount OF billsh
feeling underlying the market ignited 4
great deal OF smonljaring sen,.mcnt Of a
similar character that appeared 10 have
existed throughout the country. The
market felt the effect of that ut the open
ing. Commission houses had all the tuy-
Ing orders they could manage for half an
hour and selling was confined chiefly TO
the people who had good profits in long
wheat and were wiling to accept. Ele-
vator people also had little wheat 10
sell, presumably against purchases OF cash
wheat In the country; vt least chat was
supposed by the raiders 10 be the basis
OF sales by Armour and the Ware Gem
mission company OF about 1860 bushels
each. That had no Influence at the dine.
for sales referred to were made at 81 to
siM for pecemner, and the price rose i'm
mcdiately to "a 80, or re above the closing
and highest price Of tile day before.
Liverpool was Nd up, because Of the
more material gain here.
The exports from both coasts this week
amounted to 5,552,0U0 bushels; not any
more than had been foieshadowei by the
portion OF the European shortage this
country Is being called upon to make good
had Its effect, for the domestic receipts
are diminishing. while tho exports keep
on u par.
Tho Chicago receipts We're $50 cars, of
which thirteen were contract; Minneapolis
and Duluth got 99l. against ll7f cars the
preceding Saturday. Argentine showed
Il year ago.
The December future was the strongest
of the day. The advances refcrred TO
above when December rose to a SO. was
Followed by a reaction to ~ SIS but 1t
quickly turned again 10 ~ SIS and later,
on the receipt of Paris quotations show
ing an advance equal to SA eentlmcs per
bnshci tor the January ApciI term, tne
early bullishness revived, December rising
Corn moved through sympathy with
wheat and after selling, s3adc higher
carly the market turned easier and the
decline carried prices Nc below the close
yesterday. AS the session advanced how
aver, the market developed steadier
tone ana at me close values were about
unchanged from yesterday. Carlot re-
ceips were not as large as anticipated,
but 533 cars were inspected in and out
inspection was moderate at 2.3,5Oo bush
oils. The local movement mado the re-
ceipts $4,000 bushels and shipments 5'3.Ss0.
winch indicates vast Improvement IN the
demand. December opeacd at
26M and that WAS the highest of the day
oats were quiet; the greater part CT the
trading was conferred In May and WAS
greatly in the way of p-oit-taking by
those who Dough, yesterday ! &c ember
opened At lSA@lS rs, touched IS IS
dropped off to Is 5-S and closed a Is asa |
1874 May ranged from 21h TO FIX and |
was offered at 2lh at the rlose.
Hog products had a sharp reaction from |
the advance of Yesterday on active sell |
Ing by the local crowd and from the tact |
That there was little or no support, rrices |
met with little resistance or their doNI-
ward course. Larger receipts Of hogs |
than expected and the locK OF outnlie |
support were the factors which encour- |
aged the selling. December pork opened |
at 1878 TO 500, sold off to 7sb. December
lard started at 4i2,b and declined steal
ny to i.35N,4His December ribs ranged
from 46lb to 400. closing at ASK.
Estimated receipts Monday: Wheat. lo5
AIRS; corn. AIS cars; oats. 2ls ears: hogs,
1000 head
The leading futures ranged as follows: