The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-25
BEARS CONTROLLED WHEAT
rofrsd tie Nsrhst Mae csnts Usdsf
Yesterday.
CLOSED WITH ALOsS OF OVER FIVE.
further UnI0adtng ~ 0utsiders
Enabied the ManipsIstors to
shake Out the Longs.

Chicago. August 2i.--Thc bears had an
anniux tn wheat today. The September
-,ntton ~ one time was &c below yester-
dav,s high point. December beat this by
: cent and a quarter. The closing figures
nhow loss for the day OF 81 in septem-
her and ~ in December. Heavy and long
contanued LIQUIDATION was the cause OF Inc
break The weakness in foreign markets
and the break in the coarse grains were
factors The buli clique threw over their
holdings in corn and oats at declines OF
~ in corn and tsas% In oats resulted.
Provisions also suffered. pork declining
17A and lard ~. Ribs closed practically
unchanged.
Wheat on the curb before the regular
opening started with some show Of
strength and with no signs OF the excite
menr which ruled later on the board.
Opening and second cables ire m Liverpool
were rather encouraging to the bulls;
l:3v d. m. adyices IRON that market,
which were received before inc openahg,
showed only a lqrllad decline. on this ac-
count euro prices were about hc higher
than yesterdays close.
On the regular session prices were very
irregular at the start ana IL soon became
clear that numbers oil people had long
wheat In their possession, which tine,
WIRE then convinced ought TO have been
sold the day before. September was
bringing from 90 10 1914 In different paris
OF the pit and December from 9Gla 10 a5k.
yesterdays closing prices beng SO and
e5s. respectively. The relative positions
OF the TWO leading options were quickly
reversed. for In few moments Septem'
Der WAS bringing IS, when December was
still dragging around g5jb.
The exceptional strength of September
was due to the fact that very few were
DESTROYS OF trading Ia IT, and It was easy
10 advance II by bidding for what no one
wanted 10 sell, But ir about half an houi
nli support was Withdrawn and the mar.
ket began 10 sink, slowly at first, but as
the liquidation grew heavier the bottom
seemed to fall out and not until Septem.
Der touched giia and December ~ was
there a stop In the mad rush. The luli
was only temporary, however, selling
soon becoming general AKA and stop loss
orders Were reached. The price did not
reach the bottom Of its severe sinking
spell until December was down TO glii and
December 90l,. Tho trade by that tine
had become very narrow and the traders
tired with their previous efforts and indis.
posed to buy or sell except when tempted
by an exceptional offer Of cntcIrgly high
bid. The increase In weakness as the ses.
sion advanced was caused by a further
break nj Liverpool, making the days de-
cline from "a to 4ibd per GENITAL and an
equivalent decline al Paris, although pri
waite advices from the kbtter, received
earlier. had CLAIMED an advance. The
Paris decline was If for August and 90
centimcs for Novembsr-r February, or So
per bushel for the one and 2Nc per bushcl
for the other Antwerp alao sent lower
quotations, but was not 80 radical, weak
as the others
Chicago receipts were SSl cars. only % OF
the contract grade, and 5000 bushels cx-
pected out OF store, Minneapolis and Du.
iuth received 23i cars. against 664 a year
Ago. The Atlantic pot rclcarancea were
equal In wheat and flour to 900 bushels
Before the close September had sold as
low as ~ and December to sea- Closing
prices Were: September siA aud December
The beginning of the end In the corn
deal was apparently we'll or ITS way to-
day Unloading was started at the open
Ing. Every one who had long corn APP
pearcd anxious to sell. md II was current.
iy reported that the bull crowd threw
over almost their entire holdings Ser.
tember opened at from sou 10 30 de-
fore the price reached bottom for the day
II sold down TO 2SM. The closing trades
were AT 2Sss Receipts lfM cars
business in cats was extremely henv v
md prices at one time showed likc decline
Selling was liberal and especially by the
long holders. Elevator people sold hcav.
lily, Rceelpts yl5 cars.
Considering the weakness OF the grain
markets. provisions mirht be called firm
Prices showed a small opening decline.
due to lower yard quotations.. At the
close September pork was TN lower, Sep
ternber lard 7M lower and September ribs
,ircaA'ged
Estinatcd receints for Wednesday
Wheat no: corn 1850; oats go cars hogs
% NN head
The leading futures ranged rs follows;