The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-12-18
WHEAT MARKET WAS DULL.
Slight Reaction from Thursdays
Advance Was Recorded.
PORT CLEARANCES WERE ENORMOUS.
Liverpool started Out Higher, but
DecIined--small Advance in De-
ccmber Oats.

Chicago. December 1-.--There was wfla'
might be termed natural reaction III
wheat today from the advance yesterday
May closing iac higher and Decempei
lower Big seabcard clearlngs SUSTAINED
the market for awhile. Other markets
were easier. Corn and cats declined about
lac each and provisions closed 6M7tsc
lower
1t was the dttllest wheat market ION
weeks. Prices opened shade easier, be-
cause of the heavy snowfall and the iaii'
urc OF Liverpool to respond to the adj
! vance here yesterday. May started ls4t4c
lower at 92 with one or two sales lni-
nedlately afterward ut 91sg92. Irade
was excessively narrow, ana a rev COW
eiins orders which came in SHORTLY al ter
ward were sufficient to cause an advance
to 1925 but this little demand was sau s-
fei and prices sank again to 92ns2!s. II
was prevented from going lower during
the forenoon by some help from the bull
clique, presumably caused by the enof-
nous clearances from Atlantic and gun
plats. which included 5000 barrels OIL
fo'ir from Newport News. amounting al
together to 1113,62l bushels. This is mulch
the heaviest aggregate for one day III
the past two weeks
Northwestern receipts were fairly lD-
eial. 1Ae number of cars received To-Day
at Minneapolis and Duluth was odo'
responding day of 1896 Chicago receipts
were 20 cars compared with 43 year
ago and 50 100 bushels and ll5 carloads of
No l Northern spring were transferred
from unlicensed to regular houses.
Liverpool opened 3sd higher than 1t
closed yesterday, but had lost isd of that
before the session commenced. Later IT
lost the last sd of Cts early gain. PARIS
was firm and noted advances of 10 CEN
time in -four and 10 centimes rise in near
deliveries of wheat to confines for the
Marcb-May terms. Liverpool acceptances
frcu abroad of wheat offers cabled from
the ssabo9id yesterday were reported, and
near the end Of the session here the guam
titY taken was reported to be Y boat
lot d..
A general desire to let loose scalping
lines of long wheat characterized the
trading in the last half hour, and prices
broke fresh ground on the under side OF
the previous lowest limit of the range
That was ell there was in the closing de-
cline, which dragged May down to gles
AMI closed 1t at elSs1si&4. December WAS
very sparingly traded in at 1O1. but at
the close it was quoted at e5l2.
The elevator people. after change hours,
delivered not less than 1,00e0 GOO bushels and
possibly 10000 Bushels of wheat on De
cembeE contracts, Most of 1t came from
Armour & Co.
During the morning corn was quite act
i've ana prices were firm under the de-
mQnd. Elevator people took no part in
the selling, indicating small country offer
tmSs. Clearances were large--1 229 900
llushels--wh.ch also helped. Later in the
day the interest died away greatly and
the selling pressure, including wheat,
I'll rned the corn market downward. May
ranged from 29l to 2S7s0l2slA. closing lsnr
1ac lower an -.
Oats were irregular. December was
steady all day and closed at a slight ad-
Varcc, helped by the steady cash mar
ket There was an inclination to realize
ON len" lines in May, and this, with some
short Drl1llrpI "A
ness. Offerings were fairly well absorbed
and declines small May ranged from
~ to Ups, closing sc lower at 229s.
Provisions were activt today Ther,
ives some hr,nness shown early on the
higher hog prices. but decline followed
ON selling, principally by packers. May
pork closed 7i2c lower lard and ribs 5ll
7Hc lower.
Estimated receipts tomorrow--Wheat $50
cars, corn go cars, oats 30 cars, hogs
1900 head.
the lead.ng futures ranged as follows,
Articles open. IL 9Th 4 Low tCNosp