The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-12-04
GRAIN PRICES UNCHANGED,
Export Engagements Saved the Mar
bet From Taking I Slump.
EXPORT CLEARANcES STILL KEEP UP.
ascerbohm Puts the Yield NJ l6O, DOO,-
VUU Bushels Less Than Last Year.
increase or winter wheat Ar ca.

Chicago, December S.--I3oth tho May and
December futures IN wheat closed today at
substantially unchanged prices. Figures
rumors OF forthcoming heavy shipments to
Chicago played havoc with prices for
awhile. but the export engagements came
to the rescue. Corn was weak and closed
l-sq1-l lower. Oats and provisions
showed very little change at the close.
Wheat started firm at 90 i-sQ9o Ia for
May, aud at rs SIS for December. advances
Of lis and S-S respectively. May soon after
advanced to 90 SIS on moderate buying by
local shorts and by houses with foreign
connections. The strength was due mainly
to the action OF tho Liverpool market.
which opened with slight decline. but
was at yesterdays closing quotations be-
fore trading commenced here. In the
course Of few minutes more the Livcr-
pool prices had further advanced to from
la TO 3-Sd. The Northwestern receipts
still showed volume too great Tor any
combinations OF the claims mado thai
formers deliveries In the Northwest had
materially decreased. ON the other naha
Beerbohm was reported to have made a
final estimate OF the quantity OF wheat
grown In The world this year, which made
It 160, 900 600 bushels short OF that OF the
preceding year and 1856, 900 900 less than In
1891, in which year the United States ana
Canada raised the heaviest crops in their
history.
The export clearances kept up In a ro
markable manner, Six ports cleared near
ly 600 bushels OF wheat and flour for
the day The estimate on stocks ut North
western markets Is an increase OF $4,000
bushels at Minneapolis and decrease OF
760, 600 to 100000 bushels at Duluth.
Minneapolis and Duluth received 7o9 cars,
against ass last year. Chicago received lao
cars,
Tho Thoman crop report came out during
the morning II claimed that an estimate
OF winter wheat seeded this fall was Z per
cent In excess OF tho area harvested last
summer, aud that As per cent OF the CROP
equal to 275000, 900 bushels-was still on
hand, which is 20 ,000,0 600 bushels more than
at this time last year. and would leave as
available for export up TO Juno"next Ill.,
600 900 bushels. The statement was so
bearish that though 1t was vigorously de-
nounced IL caused a sharp liquidation, and
n decline In May 10 80. Even December.
which had sold up TO 80 under good buying.
was let go IN quantities sufficient to cause
/, break TO "a IL. There were renewed re-
ports that accumulation OF 900 cars at Min
neapois was for the purpose of bringing
wheat 10 Chicago In the event OF naviga-
ton closing soon. After enid-day the
market was better supported. New York
reported sixty loads taken for. export. This
stimulated buying toward tho cloae, aud
May rallied to 30, selling at so Us at the
close and December at 9o.
Corn was very heavy and readily sympa-
thized with wheat In It's downward ten
dency, when that market was declining.
but did not so readily incline TO follow the
latter on It's later advance. The selling
was the same kind as yesterday. by ele-
vntor people and professionals. Clear
ances, 8s, 900 bushels; receipts, 365 cars.
Oats weaker and 1-i@1-2 lower early,
but rallied and closed with only LIS de-
cline. Commission houses were the best
buyers. Receipts, S76 cars; clearances,
2l3. GOO bushels.
Provisions were quiet, only limited
business being done: at the close Janutry
pork was 2 liz higher. January lard aud
ribs unchanged.
Estimated receipts Saturday Wheat. 100
cars: corn. l4b cars. OATS. $40 cars, hogs.
q, 900 head.
Tic loading futures ranged as follows.