The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-06
ANOTHER DROP IN WHEAT.
The Market Was Almost Wholly
Without Support.
BuARIsH VISIBLE SUPPLY OUTLOOK
Break in Stocks Was Ono OF the
Aids in Causing the Break.
Corn and Oats Declined.

Cltcapo November 5.--Whcat had 1ur-
thor dec.sne today OF sc for DecsmN'ar
AID &c for May The market was sun
suffering from the effects Of the. sharp
decline, yesterday ard WAS at times Al
mos, totally without support. Corn ana
cats, strong in themselves, suffered from
the extreme DEPRESSION In wheat anu
closed 81 small declinea Provisions ha1
the smallest trade for months ana showeu
irregular declines at the close.
There was a great contrast between tho
wheat trade of Thursday and that of to-
day. Yesterday the trade was puzziei ny
the iemarkabie changes ana could scarce
ly keep up with all the news at mana.
Today the pit was stupid.
Operins trades IN December ranged from
9iis no alh or isGAc above yesterday
close. There was some December for sale
at the start. but nothing like yesterday
They were sufficient however. to cause
decline 10 o3A This was followed by
recovery TO 1875 and another decline 10
9ai,. MAY sales were at 9la. to 9lu9lIs TO
oo7. end closed at 9li4, ar asc under last
| night. The market weighted ,tself. WITH
out any support by the clique l-Ser'ooi
was n;,ner than expected at the opening
| at only 4mb3i uccfHF. - -
| little and firm The strength of the Tor
cien markets wis the factor in the s'han
| opening decline.
| CT cago receipts We're lii cars asa'''s.
| % last year while MINNEAPOLIS ana Dn.u'n
| got ali cars, compared with os4 year
aro In addition TO the rail receipts at
Chcago another cargo OF so,2ss o % ,'.,o
No Northern spring Was inspected my
store. The primary mHrKet fecepis- y, Wv 49,
] l. i55. 900 bushels, compared WIN only 'i1mo
the correspondence cay lay o. ,vn sne ss socks viii
| Increase 1J00,0o0 bushels lor tne Wee is
| Duluth claims decrease Of 10000 hisneis.
| Tho bulls have Etile to none for an the
visible supply outlook for Monday: me
| official board showed 5o,c0o bushels Nortn-
| ern spring inspected from lake or canal.
| II also showed $500 bushels OF wheat
| transferred from private houses. Inc
break ir New York stocks on the uneasi-
ness over Cuban matters helped In weak,
Ell ps the market. For come days past
| the bull point was the heavy export.
| Wheat and -four c,earances from iive
| ports were $4,000 bushels, on top of 7o2,vp
| yesterday. Private messages gave s9Vv,
| b, srels wheat cleared at Galveston. Inc
St Louis claim thai the Missouri reports
make the wheat condition 81 anu tne
| acreage "a per cent short had no influence
| After midday there was a return OF tae
early heaviness. December settled down
I a little to 92% ard May sold at sols. New
| York m essag es claimed 30 boat.oadS work
| ed Tor eXp0rt. Inc market DecdiiN9 IL lil''e
| filmer near the close, December rally ng
| 10 $685. and May to 9OfM9Ots. lhese were
| The final figures.
| Corn was extremely dull and rather
weak Local conditions rather favored
| higher prices and caused some advance
during the morning. Receipts were Light
| 30S cars Atlantac port ciearances were
| 419, 900 bushels. The rams were expected
! to stiT further curtail the movement from
! tn. country. The weakness of wheat pre-
| vailed. however, and more liquidation
! caused prices to t>.1h the lowest pr ce
| 70, swo months. December ran from
?dah TO 25sa and closed lsmi4c lower at 25:s
@26.
oats acted in much the same way as
| corn. Buying orders were quite plentiful
| for a time after the opening and prices
were firm and slightly higher Longs
liCGidatsd later, starting a reaction. On
which there was free selling. The cash
| donand. though, was smaller than of ate
! Receipts We're pa cars The weakness n
wheat was the factor in the decline. De-
cemher ranged from 1874 to l9i.d 1875 and
crossed &c lower at l9ssQpl9ia.
| Provisions were very slow. outside trade
. bens almost altogether absent The mar
! of the gratn markets. The opening was
steady but a little pressure to sell deve-
ored, and. as no support was gwen, prices
gradually receded. There was good cash
| trade. The close In December pork was
l2lsdi i5c lower at 7521aG7 .55; December
lard 21G5c lower at 4.20lf4 2212, and De-
cember ribs &c lower at 442is.
Estin ated receipts tomorrow--Wheat 10S
cars corn $40 cars. oats g75 cars. hogs 20
COO head.
The leading futures ranged as follows.