The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-20
BULLS WERE DISAPPOINTED
Prices ShouId Have Advanced Three
Cents, but Did Not. Z 6A
iRUSsIA'S REPORT WAS DISCOUNTED.
Norshwestern Receipts prevented ~
Advance, which was kaxpecs~d.
B~4vish News PlentlfnI.

/
Chicago, November 19.-There wa,
emo, Eh bnllish news in wheat today u
have advanced the price &c per bushel
but the close showed gains OF only w
for December and Md7alc for May. TOT
prices were made On tho announcement OIL
| French purchases Of 1000 0O0 bushels 0!
wheat off coast at London. Corn was
slow ard closed &c lower for December
but unchanged 70. May. There was ar
Irregular market in oats. December de.
clining nc, and May was unchanged. Pro.
visions declined about nc.
Wheat got a good start for higher prices
at the opening by the strong uore OF the
foreign markets. Liverpool. instead OF
declining in sympathy with the loss OF
&c per pushed here yesterday, opened l4d
higher Paris was also reported strong
and higher. Another matter of foreign
Origin gave encouragement to the bulls.
The Liverpool Corn Trade News tele-
graphed that the crop estimates from the
Russian minister fully confirmed previous
bad reports. The minister gave the wheat
crop as 75,000O00 bushels below last years
In Russia proper. The effect of this was
somewhat spoiled by another report which
gave the shortage at 100O0,OO0 bushels for
the whole empire. The t,eav;ness of the
Northwestern markets also had a ten
dency to keep the market back. The lat
ter, in fact was the only strongly bear
ism features of the days trading.
Opening prices for May ranged from
90h, to 9O9s. with sale or two at 903sI90,a.
Under the influence of the strong cables
the price soon got up to 81. but 1t sagged
again and all morning hung around 9034.
Receipts today at the two big North
western receiving centers numbered l226
cars, against S2l a week ago and 919 the
corresponding day OF the year before. 1t
was expected that Minneapolis and Du-
llith stocks Of wheat would show am in
crease for, the week of about 5000
bushels. but dispatches from there esti-
mate the increase at only half that. The
Duluth increase of 100000 bushels was ex-
pected. but THE Minneapolis stock showed
an increase of froxn $50 900 to 100000 BUSH
els Chicago received d cars, against 112
last year. Another bearsh item of news
was that a cargo of American wheat had
been reshipped at Buenos Ayres because
Argentine expected to have plenty of her
own, Primary Western receipts were
agalil large. lo4 ,00 bushels, compared
With 6740OO bushels q year ago.
Liverpool closed higher by 1AM1Ssd than
" closed the day before. The reason
given Tor such an unexpectedly heavy ad-
vance was that 100000 bushels of wheat
dtst.red for ports CT cali Off the coast of
the United Kingdom had been ordered to
France. Even with this incentive the
~ ~ n ~ Q, May went up very unw.llingly.
IL finally advanced to 91as. but when the
Modern Miller report was received de-
claring the wheat area up to the average
ana promising an increase, the price went
OF again in a hurry, May selling at gO}40D
W. at the close.
Corn was dull the eyertiton of tho vro
vic'is two days having apparently taken
all the life out of traders Business CON
$500 ehlehy Of changing from December
10 May al, az Sss@3a' spread. The. market
hrmness OF wheat and oats and the mod
crate receipts of al cars. Seaboard clear
ances We're S57,uW Bushels Gables were
az asIaa higher: May ranged from 3o1s to
The crowd In oats was large al! day, and
a nervous feeling existed throughout The
session. AT the opening and for a time |
n,s .e, ,neis was heayY buying by the peo-
pis e VINO We're prominent on the buying |
sue Yesterday. Later they turned and |
soid heavily OF December, and the spread.
Nm, wnhh had narrowed to asc, wiasned to 1c.
traders became somewra. bewiIdereal The
neaVy selltng of December, however. re-
suitea In ssc decline in that optaon. ,Jihe
y eas ao d oe5 continued urgent and sales
W -ou'oVo pusnels We're reported. q 7Recejpts
Sol cars cars May ranged from 22ssai23s. TO
s -, The close was unchanged at
;, a ! ,S Y, were again very dull. The
e "s'H vttciy STEADY, with the range
u prices lesNthan &c In everything. HOG
, receipts overran estimates, which may ac.
cunt for the easy feelgrig Packers yvare
,air buyers around the opening. hr,t after
mat there were more sellers than there
were bidders AT the close January pork
vas vas, a1sc lower at s,27is january lard 2lsc
oWer and January ribs. PIC lower
Estimated receipts tomorrow -Wheat IN,
,%r rs corn $50 cars. oats 800 cars, hogs
Hne leading futures ranged as Follows.
ArllCleo--- ~ lOnen IEIIri, 1 s---- III