The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-07
WHEAT TOOK AN UP TURN.
Bad Crop Reports Drove Shorts to
Cover Ia Dece mber.
That OPTION CLOSED s.Sc HIGHER.
Market Was strong at the OpcnSng
Corn, Oats nnd Provisions Also
scored an Advances.

chicago, November 6--There was a turn
In the tide In the wheat market today.
The market showed strength for the first
time In week. December closing sc
higher. Crop reports from Ohio and Mis-
souri, of scnsat.onally bad character
drove shorts to cover. Other markets
were firm. bat dun, with the exception Of
oats. Corn closed lsQh higher. oats v
higher and provisions 214aI5 higher
Wheat was strong at the opening. Liv-
erpoo. market was not sharer to the
full extent in the previous days weakness
here. Paris sent bullish advices, the weeks
clearances from ar Atlantic ports were
5,5'5Zls bushels. and Liverpool bids for
Chicago No. spring wheat were Sd per
quarter &c a busheD higher than those
Of the day before.
The most bullish item Of the early news
was The Ohio November crop report, max
Ing the condition of wheat in the State
81 per cent and the reduction In acreage
Il per cent. ms report was made up be-
tore the recent rains. bat had maitsed
effect, nevertheless, ana was the main
l&ctor in the openng advances ana the
gains wnicn Ioiowcd.
me reports were not all hu.lish. The
domestic receip,s were no less liberal tnan
before. tnlcago nad 10 cars. compared
WIN ~ year ago; Minneapolis ana Du-
luul reported ms cars, aSaihSt 10 last
year. lhc total receipts III .ne pr!ncI pal
Westor. markets were l,loi.ooi Datna IS.
against Si2S4 bushels the correspond. ng
day iast year. That could perhaps nave
h1d some effect in checking me ues.re 10
BUY here. Continental cablegrams quoted
a uecine OF l2se centimeS at Antwerp ana
~ at Paris, DeS!deS oU ccntIntS decline IN
noun, cioSing at the latter price.
Minneapolis wired that 900 cars OF
Wheat were looked Ter as the receipts OF
MG.iay, nut neither did that benent the
shorts TO any apprec!aoie extent. The IN
crease IN receipts mis- week over last a
MlnnedIlus anu Duiuth were JiD cars. fnc
Atlantic ports exports amounted In wheat
ana Hour to 60l 100 bushels a New ork
dispatch said a cargo OF wheat mad peen
WORKED from vienna via hmmDurg ana
another message reported twenty five boat
leads taken. chieily for France. II was
also reported th9t fifteen BOAT loads Mani
tosa wheat hAd been worked Tor the
unl,ed kingdom.
trading was ligiht and only spasmod-
icaily active. December wheat was not
heard of, but 1t had many changes 1t
seemed impossible to make two conserva-
tive trades IN Deeem>er at the same price,
Ii ranged from ~. - Yis., and closed "a
hiShe, at "a. May started y higher. at
sla ~ yl$, gradually improved TO yia.
ana from that GOWN again TO 9lAm3lqs
Atterward it rose slowly to 92l4 ana ctosed
at 9lAnal3s.
Corn was firm ON a 4arrow amount OF
trading. The market was Influenced by
the unexpected strength OF cables and by
yesterdays .arge expert sales, New York
reporting $4,000 bushels sold. There was
some covering by interests which raised
prices yesterday, whloA proved sufficient
10 keep them at slight advance. Re-
ceipts were 49, cars. Liverpool was I'D
higher. December ranged 25.4 and 26ss
ana closed isGh4 higher. at 26ls
There was again an active trade In oats
There was quite influential selling
throughout the session, particularly by
elevator people. but ali offerings We're
taken ana the market ruled strong from
the start. There was a good cash de-
mand. Receipts were 800 cars. Dccem-
Der ranged l9%@l97s to 1872 closing a
higher, at I9asaii9N
The market for provisions was duller II
POSSIBLE than II was yesterday Prices
were steady, within an extremely narrow
range. llhe cash trade was good, but the
utter latit of speculation made the mar
ket devoid CT feature Offerings were very
light. the chief factor In slightly higher
prices. The hog market was strong and
higher AT the close December pork was
2ha5 higher, at 7.57Ia December lard, 2l,0i
higher, at i.25. and December ribs, 2h
higher,
Estimated receipts Momday-- Wheat, $50
cars corn, 535 cars; oats, 270 cars hogs,
4l000 head.
Iae leading futures ranged as follows:
49,. n -