The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-15
WHEAT STARTED UPWARD,
But Slumped and Closed With .
Modest Advasce.
FEVER SCARE WAS USED ON PORK
Cudahy Did Most Of the Selling and
Caused = sharp Deciine-Corn
Was Active.

CTtcaHO september n.-Wheat made q
great show OF strength for about tw,
hours today but slumped and closed with
the modest advance OF asc for the Decem.
Der option. IT slowed 2Mc advance al
ono time. Foreign crop shortages caused
the early advance. and large Wis BILE
| suppy Increase was responsible In the
main TOR the subsequent decline. Corn
and oats keot in line with wheat, corn asi
vancing 2Mc and oats &c. Provisions had
anothe, big injection of yellow fever virus.
but suffered only slight declines in consc-
duenoe.
The openin- In wheat was very strong
December. which ccsed Monday after
noon at 9iisM9iI4. opened at 95isI9syA and
during the NEXT half hour IL fuctuated be-
tweer the starting quotations and 94;s.
IL started III again nom the latter point
ana role with the same aggressive persis-
tency that has no Frequently characterized
II IN the last three n cnths, December yet.
tang y 10 ee9sqf36's about 11:3o a. m.
Apparently the reluctance of Liverpool
10 follow yesterdays decline here--that
market opening only Anhd lower--caused
the opening strength, and later Liverpool
advices; showing that market to have
risen id, were responsible for the second
rally The real reasons for the early
strength. however. were very bad French
and Italian crop reports and scme sta
tisticb from the Washington agricultural
bureau showing that Europe would have
TO import 265, 600, 900 bushels OF wheat from
North America this season. all of which
with the exception Of about p, on, 900 must
come from the United States--a larger to-
tai thhn h9s ever been called for In one
seasor before. The French minister of
agriculture reported tho wheat crop of
that country S5,Isgooo short of last year,
sWhiie the italian crop was said to show
56,1Q000o shortage.
Chicago receipts were 81 cars. only ono
car OF them contract. aud $4,000 bushels
were .hspected out of store. Minneapolis
ana Duluth reported 1891 carloads, COM
pared with lf7s on the corresponding day
INST year. The Atlantis port clcarances
Tor the day were equal In wheat and -four
70 'ol,ooJ bushels. Bra1streets reported
inc WORLDS stocks Increased 800 900 bush
els. 100000 of which Increase was east Of
the Rocky noun aims II the United States
and Canada and 3sO0,00O bushels of " In
ana Htloat for Europe.
Previous to the receipt OF Bradstreet's
statement the closing quotations OF the
foreign markets had been received, show
my considerable change from the early
tnne. Tho showed Paris wheat 1c. nor
bushel lower for the new delivery nnd iXc
lower for November February. and Ant
Werp i2sc lower. Liverpool also although
~ hlSher for futures. was iaN1d lower
Tor spct. except No. 1 Northern spring.
which was unchanged. The weakness OF
the CLOSING oablos caused a rcaction 10
9os4 and when the large vlSble supply in
w cua' WIS Hlaup known a. further de-
cline to 9li. ensued The market closed
at NbG1oie, FOR December.
"A good speculative business was done
IN corn at an average over yesterdays
closing prices. The strength was due to
svnpath0 with wheat and to the dry. hot
weather. shorts covered literally. The
comparative weakness of wheat late In
the day caused a relaxation in the demand
ana a reaction ensued, during which most
OF inc ahy hnce was lost. Receipts 1921
cars. Visible supply increase east of tho
fockv mountains 2,79.001 bushels Coun-
try onernSs were Hight and the shipping
demand Nttle improved Showers and
cooler weather wore promised for
Wednesday December ranged from ga,
10 g. closing a. 32is asked, an advance
of Nc. '' '' ''iNe
business In oats was quiet and un,n-
portaht, The market was strong cary
with coin and a fair c.ish demand but
nearN az the advance was lost when the
ouhcr gains reacted. Recei pts were asa
cars' me visible supply increased 2S6 go
ouSnclS December ranged from 2r4M2i3s
10 2lQ2lis closing at 2lk. or nc above
yester lay ) close.
1t was a yellow fever market In pro-
visions again. The market started strong
with conn, but fear of the possibility II
general selling movement and a sharp
decline from the opening pr,ces ensuod.
the principal selling was said To In, fo,.
Nudaiv. At thc close December pork was
i}sc lower at S.2J, December lard 10 lower
at 100 and December ribs DC lower.
h'st'nated roce, pts tomorrow--N Wheat 90
cars corn $40 cars oats $40 cars. hogs
"A, 900 fead 'es
The leading futures ranged as follows.