The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-12
LITTLE CHANGE in WHEAT.
The influence the Breaking Of the
Drouth Had in Chicago Grain.
SHORT SELLERS WERE VERY TIMID
Every Weak spot Attracted the Buy-
crs--Corn, Oats Also Declined'
Provisions Advanced.

Chicago, OCTOBER ia uecEile u ou'
isapl4 was all the effect the breaking OF
the drouth had ON the Chicago wheat mar
ket Short sellers were timid about tack
ling the market, while every weak spot
attracted buyers. In corn the rain, made
its influence more felt. that market de-
clining Aa3-S Oats declined lsQA Pro-
visions were firm and closed about high
er ali around.
December wheat which closed Friday
at 81 SIS. opened today at 91q9lA. TINS
was the result Of the rain which the
weather bureau reported covering nearly
the entire drouth-strickel district Outside
of this important factor news favored
higher prices. The Liverpool market
opened Nd higher. Receipts at Duluth
ard Minneapolis were l4I0 cars, against
1918 cars week ago. and hos the corre-
spending day last year. The worlds ship
ments last week were lighter, at 76oi,0oo
bushels. against 9,2H0oo the previous week
and 10,315,000 the corresponding week
year ago Supplies on ocean passage
showed a decrease for the week OF 24V.Voo
bushels. st. Louis reported the sale oil
100000 bushels of red winter wheat to so
to New Orleans for export. The market
advanced at once to 81 3-Su9l2. IL re-
acted to 91bGS1A, but short buying was
encountered and an advance to 9l%dm rs
soon ensued.
The government crop report was expect
ed today, AID this fact made the trading
very limited as the S ssion advanced. witn
the price keeping close to F'r.day's values.
London ca,bles reported that the drouth
in the Argentine Republic had peen
broken by rains Friday and Saturday. Liv-
erpcol closed rather weak, but the con-
tinental centers were all nigh and appar-
emily regarded with complacency the
breaking of the drouth on the Western
Hem sphere. A London cable reported a
deficiency of so per cent IN the. wheat
yield Of four important provinces in Rus
STA. The English visible supply increased
491 900 bushels during last week, while the
domestic visible increased 169o,0oo ousneds:
Vessel room was chartered here for 6Ooo0
bushels No. 2 spring wheat, the balance
of the lot scld to Liverpool last week. One
of the significant items of the day was
the official reports of $4,000 bushels OF
wheat shipped from India last week. This
is the first important shipments from
that country in many months and is taken
as straw indicating the crop outlook.
some estimates placing the engagements
as high as eighty boat loads. After sell
ing at 9liAd91 IS. December slowly eased
off to 81 3-S and was bringing 81 3-Sa9lh
at the close.
Corn was affected more or less by the
breaking of the drouth. Opening prices
We're at 3-S decline and although the
market rallied slightly in sympathy with
the advance in wheat, it fell back again
later and closed 14Gs4 lower than fridays
final figures. The large receipts 1l02 cars.
acted as a drug on the market. Elevator
firms were liberal sellers all day Local
shippers were the principal sellers. The
visible Increased $4,000 bushels. Charters
were for $3.50, 00o bushels. December ranged
from 90 to IS 3-S, closing at 2S4.l2S rs.
The market fer oats was weak ard
prices ruled slightly lower throughout.
There was quite liberal selling on the
drouth. The market also sympathized with
corn. There was large Increase in tho
visible, 2664,000 bushels. Receipts We're
$40 cars. Charters were $4,000 bushels.
December ranged from 1914 to 1884, closing
IsmA lower at 10 3-s bid.
Provisions were firm and slightly high
err the influences being higher yard prices
and the predicted cold weather, which Is
expected 10 check the yellow fever and
bring the public into the market. English
interests We're good BUYERS of lard. A
fairly good cash business was done. At
the close December pork was 8 higher, De- |
cember lard 5 higher and December ribs
21@5 higher.
Estimated receipts Tuesday: Wheat, 300 |
cars: corn $50 cars; oats, 400 cars; hogs. |
81 900 head.
The leading futures ranged as follows:
Articles lOpen High Low lClose |