The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-21
SMALL ADVANCE IN WHEAT
Cors, Oats and Provisions Also
Show Slight Gains.
SOME DEPRESSING NEWS SPRUNG.
it, EJECT Was Only Temporary How
ever, and Everybody wanted
soms reaction.

Chicago. October 20.-WeakneBs In the
grain ana provision market during the
day was succeeded by strength later on
and small advances were chronlcled oil
around. Wheat was helped by renewal
of the continental demand for American
wheat, .Decernba. closing &c higher. There
was a sltgist disposition to play for a
reaction IN corn and n Nc advance was
the result Oats closed MaNc higher.
Provisions closed at small advance for
pork and RIBS. with lard substantially un-
changed.
Wheat was steady at Yesterdays prices.
and for few minutes after the opening
1t was subjected to some bearish influ-
ences that caused 1t to decline lc during
the next hour. May was not as weak as
December during the time referred to.
owing. it was supposed. to the action Of
the bull clique. who. as on the day before.
sold December at or above o. and bought
May when II was weak.
The comparative frmness during the
first few minutes was because OF fur
ther reduction IN Northwestern receipts
and steadIness Of nhe Liverpool market.
Heavy rains we're reported In Argentine:
The Liverpool Corn Trade News revised
Its previous estimates Of European re-
auiremcnts, making the amount only H.
10000 bushels, instead of l2S.UO0O bush
els. as previously calculated. That had
some depressing effect. but more serious
news was the reported sale at Duluth OF
10000 bushels No. / Northern wheat TO
Chicago for delivery on December con-
tracts. which was made possible by prices
ruling here. THIS rather staggered the
trace, December ruling at substam,ahy
yesterdays closing price--907sa9l-and be-
fore the effect of the Duluth transaction
had worn off n decline to eOhs had taken
place,
Chicago receipts were 2oi cars. Mime
apolis and Duluth reported SS cars,
against 902 last week and 065 the CORE
Spot ding day of the year before. Atlantic
port clearances OF wheat and -four were
smaller than on Monday and Tuesday, the
total being under 10000 bushels. Brad
streets report on the worlds visible
show ed an Increase of i,NlG0 bushels.
About II o'clock the market began to
show signs of hr,nness. Sales were re-
ported of two cargoes No. red winter at
Ioltdo and one cargo at Detroit for inn
mediate expont TO the continent. This In
dlcnton of the revival OF the foreign de-
mana encouraged local buyers and the
price began to mend. December ad-
yanced to 9lle@9i9s and was bringing 9llsGp
g1es ut the close.
Corn was steady even when wheat was
weak In tho forenoon and was very firm
later with wheat and advanced. There
was considerable buying on the theory
that a rain was about due. Shorts were
nervous. The foreign demand which for
two weeks has been apathet:c. revived In
forco today. The opening was shade
easier on hboa! recepts--569 cars-and
lower cables. but the decline was soon
made up, The visible increase was $780,
700 bushels. December ranged from ~ TO
2ok closing Sc higher at 25
oats were higher and firm at the adj
vance Trading was not important. the
llmness being due principally to lixft Of
tertnes. New York did considerable I'D
ding all day. Elevator interests were fair
sellers early, as usual, sympathy with
corn being an Important facior. Receipts
were 2i2 cars. December ranged from is3s
TO lSh, and closed isTi.c higher
Provisions were steady. The continued
reports from the yellow fever districts
caused a small opening decline. Shouts
We're good buyers and the cash demand
was considerably improved. which facts
caused recovery of the opensng decline
and small advance besides The drm-
ness OF wheat and corn helred toward the
enc Al lthe close December pork was 30
hshel at 80, December lard unchanged
er al $50. ~ e"
ESTIMATED receipts tomorrow. Wheat go
81 0G0 head. 'e'
- -rhe leading Futures ranged as follows:
ATlicies-- lOpeu.lH4kn, Low I('Inun