The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-08-24
BEDLAM ON THE BOARD.
Wheat Again Started on the Upward
Rush, }
BUT THE FRENZY WAS ABATED SOME
Fluctuations Were Wide ana the
Closing Was More Than Four
Cents Bclow Saturday.

l NhcaSO, August 26.~Ine upWaTu Iusb
of the wheat market was stopped today
The September option was sold as high
as l.o21s per bushei on the curb, but broke
padiy on change under a perfect flood Of
realizing sales. declining to 95 In the first
I'VE minutes OF trading and closing at 96,
decline OF AZ since Saturday Decem-
Der also suffered, the closing price being
94A, q 3as decline under Saturdays close.
Inc trdulng In corn and oats was on a
mammoth scale and marked by frequent
fluctuations. Realizing was heavy IN the
i f..li.f, corn declined "a and oats NJ.
troVisions closed unchanged TO 10 lower.
a &c decline was chronicied In aaxseed.
~ looked at the Opening OF the days
business ~ wheat ana for fifteen minutes
aiter as IL bedlam had been permanently
established on the beard of trade, but the
frenzy abatcd somewhat at the end of
that time. The Liverpool market again
ser the pace for the first dash by excited
capIes at from Id to 4isd per GENITAL higher
tnan II closed Saturday, that Is equal to
bn5ls per bushel. That caused the traders
ON inc open board to pay l02la per Dushel
FOR September wheat. Before trading coIn
Inehced on the regular board, however
Inc curb price had dropped 10 100. When
the opening bell sounded for the official
e TO- w. en OF the days proceedings
September at from 100 down TO
the Same time from. 100 to 97ih.
over both September and December were
down to 80. In another Ave minutes they
hid recovered again 70 g7iR then to 90 ana
"a to g6t5 to 90 once more and very soon
70 y5l2. During that time the price of the
TWO deliveries were alternately in the
lead. but after half an hour of such irreg
ularity September settled INTO lead OF
about VI. From around 100 TO 95 was
stopped at that. and the price rose In an
equally sudden and agitated way. when
cables showed that Liverpool had still fur
ther added TO the first advance. The rise
In price had at 1880 p M, Liverpool time.
reached 5hd or cad per bushel over Sat
urday's latest. When the agitation here
had somewhat quoted down the iiuctua-
tons narrowed considerably and kept for
a me within II OF 90. The ordinary mar
ket news outside OF the Liverpool tiuc-
tuations received but scant attention Chi |
cago receipts were $50 cars and the guam
uiy inspected out OF store was A4OO0 |
bushels. Minneapolis and Duluth received
3i5 cars. against 3i5 week ago and 55i
the corresponding day of the year before. |
The worlds shipments aggregated 2242,0 900 |
bushels last week, compared with 7,3Dl.000 |
bushels the week previous and 5.6l2 900 |
bushels the corresponding week OF 1896. |
The quantity on ocean passage increased |
,2O00D bushels The visible supply showed |
a decrease Of $4,000 bushels, or about |
half as much as looked for. Chicago |
stocks We're reduced 535,GDO bushels and |
there are only 1,9S6000 bushels of all |
kinds here now The most notable item |
n the movement Of wheat at primary |
MN
bushels at Kansas city today. The am
nounceinent Of the dlsnpportingly small |
dec ease m the visible supply caused "A
drop from around es for September to
s6t.. but the foreign markets closing sur
prisinsiy strong caused another advance |
to about a7is The tendency, however.
near the end was towards lower prices In
the absence OF afsy strong reason for an.
other advance. September was bdck to
sc and Deccmber 05&,. about fifteen min
ntes from the close, and those were the
prices when the closing bell sounded
Every big trader. with corn showing
proiit on It, appeared to be selling out
today, The market opened 30 very strong
that II was ensy At FIRST to find buyers for
the offerings. The influential factors at |
the start were nd advance al Liver
poor ana crqp reports of an unfayorable
nature. The tremendous quantity thar
was poured into tho market became very
weak. The start was wild, September
bringing from ~ to 80 simultaneously
ana December from "a to 35is compared |
win Saturdays closing prices of 3lib ana |
33h. The market soon broke badly with
wheat, and though recovering later be- |
came weak again. the lowest prices OF
the day prevailing M the market was
cinsing, Local receipts, 1893 cara.
There was important liquidation In oats
as m all the other pits. Prices opened
win rush, September starting \. higher.
AZ 20. and advancing immed ately TO 20H,
while December opened Nal higher al
s2W@2A. There was good outside buying
az day, but not enough 70 counterfeit tho
'h'.' VI ti't ieHNy luulultioH OF long |
holdings by elevator people, which was
chiefly responsible for the drop which en-
sued shortly after the opening. The sell
.ns was. of course. influenced greatly by
The action OF wheat. Local receipts. S5
cars,
Provisions were higher early In the SEES
non. AT the close September pork was
% lower. at SEN, September lard I'm,
changed, AZ i.Ga, and September ribs bft7n
over, at 5a2is
Estimated receipts for Tuesday Wheat.
~ ~ tfauI
logs. 1900
The leading futures ranged as follows;