The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-08
NEAR The DOLLAR MARX.
Strong Cables and Heavy Export
Business Were Features
WHICH KEPT THE MARKET STRONG
Corn Scored an Advance watch In-
Auenced Oats-The yellow Fever
scare Affected Pro- Visions.

Chicago. September 7.--Wheat Is getting
close to the dollar mark again. Decem-
Der closed today at $685. an advance OF
enc since Saturday. Strong cables and
heavy export business started the mar
ket strong and kept 1t in that condition.
Corn scored 1c advance, Notwithstanding
enormous receipts and dcnials of dam
age reports. Oats shared IN the prosperity
to the extent OF 3-Sc advance Proyis-
sions were affected somewhat by the yell
low fever scare, but at the close showed
only u 1Oc decline in pork and 21sc in ribs.
wtl.le lard went up &c.
The Liverpool wheat market had adj
yanced before 'tradIng commenced here
the equivalent oil 4hc per bushcl over the
price 1t closed at saturday last, &c OIL
mat rise having occurred yesterday. Parls
was also quoted &c per bushei hlgner since
Saturday. In sympathy with the strength
abroad an advance OF about &c inaugur-
atcd the days business here. December
started at 9jIe 10 95a, compared WIN
Saturdays closing price of 93 b-s. But
local spectators who held long wheat
over from the end of the week before,
Seizlng the opportunity of rcapiug so ma
terial d proiIi. caused the market 10 show
a sagging tendency most o. the forenoon.
December declining to 9iIa before ANY ma
terlal rally occurred. Ilne trade statistics
of last weeks movement OF wheat I'm the
direction Of consuming countries were
somewhat of a drag to the market. The
weeks shipment OF wheat and flour from
all sources to the importing countries or
Europe were 9,Sl2D00 bushels, against
7,4i 90 bushels the week before and 75l3,-
600 bushels the corresponding week OF
1896. The quantity on ocean passage was
thereby increased 2,0ooOV0 bushels. Re
ceipts of wheat at Chicago since Saturday
gnorning Were 1858 cars, but out OF int
great number 30 only came up to the con,
ata Hu rl Skinned
from here since Saturday morning was
disproportlOnately small, compared to re-
ccipts. 1900 bushels comprising the to-
tai. Minneapolis aud Duluth reported
25l2 for the three corresponding days or
tho previous year. Atlantic port clear
ances OF wheat and flour SINCE Saturday
were equal to l. 1885, 600 bushels. The visible
supply decreased $4,000 bushels. and the
total is now doNn to l4Sl7 900 bushels. a
year ago the corresponding week showed
$4,000 bushels increase, and the total was
E.Il5.000 Closing cables did not vary
much from those reporting the opening
quotations. 1t was difficult to get infor-
nation regarding the precise number OF
boat loads sold for export at New York
and elsewhere, but II was very evident
from what could be learned that 10000
bushels or more had been disposed of.
That was the reason why the market,
after it's reactlonary disposition in tho
forenoon, became once more very strong
and was bringing "a Ia for December
about 10 minutes from the close. The
Anal trading price was 96k
Trade In corn was active and much
more general than in wheat. Strong CA
bles and very general damages reports
from drouth started the market very firm,
but the enormous receipts and visible In
crease, coupled with some emphatic de-
malls OF amy material damage to the crops
caused an easier feeling to prevail for
some time. The bullishness or wheat in
the last hour. however, started renewed
buyng and closing prices were about the
urday We're 3l75 cars, The visible Increased
S.3il.00) bushels. Charters were for 375 900
bushels. The shipping demand was slow
December opened at from 80 to 90 3-S
against Saturdays close of 321R032 SIS. 1t
ranged between 80 5-S and 32%, closing at
80 as.
More interest was shown In oats There
was considerable influential buying and
the market ruled firm from the start.
The strength of corn was apparently the
principal factor. The visible supply In
creased 293, 900 bushels Receipts for three
days were posted at $40 cars. December
ranged between 20% and 20ta closing al
day.
"A yellow fever scare on a mild scale
struck the provisl1r market at the open
ing, provisions suffering especially. Pack.
ers however. gave the market vigorous
support, ard before the close the market
steadied, lard even showing an advance
Hogs were weak and lower. December
pork closed Zoe lower at .S2l5ds. So; De-
cemher lard 2I4M5c higher, at A .s5d,4 STA,
and December ribs unchanged, sos
ESTIMATED receipts for Wednesday,
Wheat, 10 cars; corn, 1850 cars; oats, 5l5
cars; hogs, q. 900 head
The leading futures ranged as follows: