The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-03
BEARS CONTROLLED WHEAT
Nesksess Of Paris Escosrseed Sell.
Ing, Causing Decline.
BULLS NOT HELPED BY THE DRoUIH
Strength Developed Oh Repertea
Lateral Foreign DemanA aAa
Covering BY Sherts.

Chicago. October 1.-The bears ran the
wheAs market today. In spite OF the heir
the bulls received from the drouth. Parii
was unapcountabay very weak, and this
encouraged selling. which resulted In 4
decline OF NGssc IN December. Corn was
firm and advanced Hg5Nc Oats were un.
charged at the close. and provisions s,4c
lower to z,Yaso higher.
There was q moderate degree OF strength
in the wheat pit at the opening. Decem-
her starting at 500. as compared with
yesterdays closing price OF sqss. and adj
yhncing to SOS al once. The frlnnese was
due in a great measure TO the coniassi-
ance OF the drouth In the West, wfssch is
daily growing more serious. with no i'm.
mediate prospects OF rain. Liverpool ca
bies also showed unexpected steadiness.
considering the drop here yesterday. and
were also factor. But the little bulge
with which trade ccnarnenced was soon
obiiteratea under food OF selAng, which
was participated In by many operators on
the moor, The fact that some OF the out
s'cc markets were relatively mach weak
e. than Chicago helped along the decline,
which carried the price OF December down
10 ssss almost without stop
The statistics of the day were by no
were determined 10 sell, and cell they did.
The Liverpool market was quoted irresti-
lariy -sd lower sor December and Ia hisn-
ef sor May Chicago receipts were 2sa
cars. Minneapolis ami Duluth reported
i!A, agelrst LIS a week ago and liza the
similar 6ay OF the year before. Chicago
receapis fer the week were l. AZ, $50 BUSHES
s sna the shipments 7oa,A2. The week 5
bushels, sgainsv s.soS.ooD the week previous
ana s,glAop year ego. The general ex-
Fecialsofl reearoing the visible Is that Il
vii show 2"ooe bushels increase Mon.
The decline to ssss was followed bv a
rally to 70. Covering by shorts started
the recovery, and when New York report.
60 liberal foreign demand at the decline
Tho market grew quite strong teraporartly
ihe Closing weakness of the coniinen, ri
markets was the latest influence ana
pSun0ed up the session decidedly in favor
OF the bears. Paris reported decline in
wheat In near deliveries equal TO aifc NJ. r
brehel, and In more remote deliveries Inc
Weakness was much more pronou need
Inc decline began at the rate OF 5l.c per
perp reduced quotations the equivalent o.
s =, ~ {, per Snshel The surprising break
ne bulls and knocked the prope from un-
bid.
With the exception Of short time in
49, NOfU WIGS aIgE$sspOSife TO the
weakness of wheat. The rIssAet averaged
FIRM and closed at 1s1i4c advance. There
was no break in the droaih. and this fac;
caused quite a general covering by shorts.
Local receipts were e9s cars Clearanees
for the week were IS 500 bushels. Dlecein
be- ranged from cs,sacsss to %, closing i
ss% bid.
Oats were dull both in the cash and
speculative markets, following ructun-
lions OF corn. Receipts amounted TO 81
care. heceInber ranged between 1875 and
la.s. closing unchanged al 49,, aaked
frovlssons were DUH. The decrease In
stocks caused the market 10 recover from
al early decline due to the yellow fever
news, There was special pressure on
pork. outs de speculative orders were
light; Al the close December pork was
e'le lower at 80. Dectsnbsr lard 9AAaiss
lower at 4.s5q4. Eth. and Dece rabsr rms
about unchanged at ATS.
estimated receipts Monday-wheaf 90
cars, corn ss5 cars, oats 4i2 cars hogs "a .
ols head.
The leading futures ranged as follows: