The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-01
CORN WAS MOST ACTIVE
But the Market Had Recovered From
Fever and Was Dull.
WHEAT CLOSED ONE.HaLF' HIGHER
Russian Crop IL Decidedly below the
Avcrngc-Trndc In Corn Was Act
i've, Close Being mt Advance.

/
markets today gave further indications of
recovery from the fever of last week and
trading was chiefly characterized by its
dullness. Corn was perhaps the most ac-
tive OF all the markets. Wheat closed y
| higher corn about unchanged, oats X
lower and provisions unchanged to ~
| lower.
| Wheat opened firm at an advance OF
| from X to for December. The only OPP
parent reason was the strong Liverpool
market The opening quotations from
Liverpool gave wheat futures a I'd ad-
vance. Tho next cable showed I'D
| further improvement making the gain
| 1lzd before trading started here. The ten.
dency during the next two hours was to
grind off a little of the starting advance
The market mill was not running With Its
| recent velocity so that the fractions came
off reluctantly and whom tho bears ceased
grinding out short wheat the reduction
that had meantime been effected was
partly re-establshed. September was only
occasionally heard from and then 1t was
at some little discount from Decemoer--
some times 4 and again 1t would be 70
un1cr. December started at from 5OA to
gOk, doclif1ed to Sg5A, recovered 10 @ia and
then had a more severe decline, getting
down to s9la as the bottom of the next
depression This was due IN a great part
10 reports from the seaboard that for
cignerS were sellers ther@ While futures
OF wheat at Liverpool opened higher, spot
wheat was reported Id lower. Continental
markets were said to1haVe opened at some
advance and Liverpool cabled that Rus.
SIAN offer, rs were small The London
Mark Lane Express put the Russian
wheat crop decidedly below the average.
Contract stock in Chicago regular eleva-
tors Saturday evening We're only 664 900
bushels. CHICAGO receipts were 37 cars,
only SO Of which were contract and tho
quantity inspected out Of store was 100 900
bushels. Minneapolis reported $40 cars and
Duluth 22l. "A total of Jil, compared with
l59' the corresponding day OF 1896. Allan.
tic port cleuranccS were again very heavy
l,o2o,c00 bushels in whuat and flour OF
which $4,000 bushels were in the raw
grain. Closing cabegrams reported the
itHal changes for the day in foreign mar
kcts as follows; Liverpool. California
wheat on spot Id higher; American red
and No. | Northern spring on spot lower:
futures from hqld higher; Paris 10 cen
times lower for August and unchanged for
later deliveries; Antwerp 80 centimes or
29s per bushcl higher: New York reported
better tone to the cables received from
thA United Kingdom and some few excep.
ts'us offers cahled. The market was small
aih or a scalping character and after the
first hour the pit was deserted by large
number Of the most active scalpers. who
transferred their attention to corn. The
closing price for December was $685.
Corn was ilrn within II range. the prin.
cpal motive for the strength be/g tho
continued dry weather. Smaller receipts
than expected We're Influential at the
opening a good deal of snort corn was
SOLD during the morning, but after tho
most urgent Of the shorts had finished
realizing there was gradual decline. Sep.
tempor reports made the most respective
Yield l,95S 100000 bushels. Receipts were
1857 cars. DECEMBER opened 9silSs higher
az 3lien3lsi. II kept for n long time within
about that range, then yielded to 80 and
closed At 32MS2s. Trade on tho whole was
active.
\ range Of only 4 was covered by oats.
Most of the rather limited business was
donei II the way cf exchanging. elevator
people buying September and selling May
while the general run of bulls did tho
opposite, The tendency was toward east,
ness Receipts were asa cars. Charters
were for 100000 bushels. December opened
unchanged at 2eA. II ranged between 2O3s
ana 2olS: closing at the latter price.
a fairly active trade was done in pro-
visions at an average slightly over yes
tcrdaN closing, hut the close was gener-
any at slight reduction Trading was
mostly In the way OF CHANGING Cudahy
rs supposed to have covered September
aEh sold October and December. Some of
the bull packers sold, particularly outside
packers Higher prices at the yards and
the, strong corn market were sustaining
influences durng tho morning At the
close December pork was lower at 6gTiH
December lard unchsrgcd at 1. IS and Df1
cember ribs unchanged ut $40
tStlmated receipts Wednesday.-Wheat
sho; corn 1850: oats 100 cars: hogs 10 900
head $780,
The leading futures ranged as follows.