The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-01
THERE WAS A RECOVERY.
Wheat Reacted Prom the Tumble OF
Wednesday, and Advanced.
A SHARP BREAK IN THE FORENOON.
Heavy shipping Engagements Put
the Market Straight Again--COrn
Ruled Firm--Oats stronger.

Chicago, September s0-Wheat today
more than recovered from yesterday 8
tumble. the December option closing firm
at &c advance. The market was badly
ratified during the forenoon by the sharp
break In sprJng wheat. which became ir-
regular. but heavy Shipping engagements
from here, presumably OF this same grade.
put the market straight again. Drouth
reports were also factor. The other
markets were content to follow wheat in
a mild degree. corn and oats closing sc
higher and provisions advancing 5a10c.
Shorts In wheat who expected further
break In wheai- which would have enabled
them to buy at nominal profit were dis
appointed, the market starting with De-
ceHber bringing sSl2Gs9ss. as compared
with s9h at the close yesterday. Liver
pool commenced the days trading with
prices unchanged to SD lower. Paris
started in at Is confines lower. The Sep
tcmber prices were better than expected,
In view OF the terrible tumble IN prices
late yesterday here. The Price Current
said that the drouth conditions had been
intensified during the week. and COIN
paints Of dry pastures and of ground I'M
TIT for plowing came from all over the
West
For moment after the opening the
market hesftated. Then the shorts con-
ciuoed the quicker they covered the bet
TER 1t would be, and the price of Decem-
ber-which had dropped through neglect
10 osA-went up with a jump to 90h. The
shorts had considerable difficulty In COW
cling, and not until 9014 had been reached
did holders evince any disposition to let
go. After that the market sagred Off
again to 80.
Chicago received 25S cars and Minneapo-
lis and Duluth 1919. The two latter on
Thursday of last week received 1888 cars
and the corresponding day of the year
before 1885, Some offers IN the pit of No. Q
spring wheat at s. for October delivery
al which time that grade Will be elevated
from the regular contract grade-attract-
ed general attention from It's discounting
me price at which it could be sold at the
busse FOR a sep'sms ss f By 5Ss5 c
THIS caused the price of December to run
down to S9h, but shortly afterward when
i was announced that 10000 bushels NO
been taken by a shipping firm for export
tht spectators made haste to buy back
what they had been so anxious to sell a
the da m nd pe tb Inc price responded to
In addition to the local fresh purchases
for export, the clearances of wheat and
Hour from Atlantic ports for twenty -four
hours amounted to $4,000 bushels Add
t'cnal strength was lent the market later
by the &c premium which wheat was COM
nlandfng at st. Louis over Chicago. De-
cember finally sold up to 90% under a Wig
erous demand and closed at 90ssG90a4.
Dry weather and the recovery In wheat
caused corn to rule firm. There was quite
general covering by room traders and
scme let-up In the seeming pressure. the
consequence being that prices ruled high
CIR from the start. Lower cables and the
fact that receipts. though comparatively
small, were 100 cars over the estimate
somewhat checked the upward tendency.
cash market was weak Receipts
were 40 cars. December ranged from
2'9s to 2SA, closing fsc higher at 9Aa29ss.
oats We're fairly active and stronger.
DroWh in the West attracted some at
tention and induced some buying. A good
cash demand also existed. whioh helped
speculative features. Receipts we're 435
cars seaboard clearances $4,000 bushels.
December ranged from 20 to l93sGl9is,
closing Sc higher at 1875.
Speculative trade in provlSons was
small. but prices were firm all day ut
some Improvement over yesterdays clos
Ing. Hog receipts We're 1000 less than ex-
pected and yard prices &c higher. Pack
ers and other shorts did some buying. At
the close December pork was 1Oc higher
at S.25. December lard 10G12lac higher at
4.69 and December ribs 5d71ac higher at
4.T1aG4. 80.
Estimated receipts tomorrow Wheat 275
cars, corn $50 cars, oats $50 cars. hogs 49,
The leading futures ranged as follows,