The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-05
ACROSS THE POND
Mas Responsible for the Adyancc 10
Grain.
TRADING IN WHEAT WAS NARROW
And Onc-hnlf Of Fridays Loss Was
Rccovcrca--Sorn ana Oats htgher.
Provisions at Better Prices.

Chicago. September 4.--Wheat recovered
exactly half OF yesterdays iM decline to-
day. Tho tone OF the foreign markets
which caused the decline yesterday was
also responsible In a great degree for to-
days advance. Corn aud oats followed
wheat and advanced h@% each. Pro-
visions, however, were heavy and wound
up the day with slight declines.
Trading In wheat was narrow. with prices
confined within narrow range. The
market started strong at si194is for De-
cember, an advance OF l-401 as over
yesterdays closing prices. Liverpool
showed substantially no change. notwith-
standing IN decline here yesterday.
New York reported large business done
ing placed as high as 100000 bushels. 4i6,-
coo bushels OF II from New York direct
Tie weeks clearancts ci wheat and flour
from both coasts, ns reported by Brad
streets, was 6,26S,247 bushels. These were
the most prominent features OF the early
news and were presumably the reasons for
the strong opening. There was enough re-
alizing nj the opening advance TO send the
price down TO % S-S, when gradual re-
covery took place the market reaching
n "a by 1880 o'clock. The Missouri
State crop report was a bullish statement,
giving the yield at .. 400. 600 bushels COM
pared with nearly iS,000.0 600 bushels tho
year before. The news from the Northwest
was also suggestive OF an even poorer crop
OF spring wheat than has hitherto been be-
lieved In, especially as regards the quality
OF the new wheat.
The American consul at Odessa Is re-
t.1 ~. - IL
OF wheat in some places will be only four
bushels to the acre. The worlds ship
ments OF wheat and flour to Europe this
week arc estimated by the Bscrbohms at
100000 bushels. Chicago receipts were
3l5 cars. only 30 OF them contract and %
OF these No. spring The continental
markets did not show much change, Paris
reported n decline OF Is centmos and Ant
worp an advance of 12M centinles. Clear
ancos today We're reported at 6i0Oo0 bush
els. The local shipping demand was AT a
standstlll, which fact somewhat initiated
against the bulls. December was selling
at 30 5-S at the close.
Corn was slow but steady, helped by the
bot. dry weather and ly the fact that Ar
gentine corn shipments were nothing
whereas last year 1924 900 bushels were
shipped There was some apprehension
over expected enormous receipts by Tues
day and adlspositlon to "eVen up" over
Mondays was shown. This resulted In n
partial loss Of the opening advance. Ca
blos were unchanged. Seaboard clcaranccs
We're 500 900 bushels. Local receipts were
posted at l6i5 cars. December opened IA
dD3-S higher at 80 5-SI32 "a 70 Id between
80 rs and 80 3-s and closed at 80 l-2Gn
80 5-s
Oats were quiet and practically feature.
less, the market attracting even less at
tention than usual Tho feeling was
steady in sympathy with corn and prices
were slightly higher throuhout Country
offerings were light but shipping demand
was poor, Receipts were Al cars. De-
cember closed at 20 3-8, an advance CT
1-S6il-4.
Provisions were dull and shade lower.
Packers old sparingly but light. as offer
ings were greater than the demand. and a
slight decline ct In. At the close pork
was 3 lower at 500 1-c. December LARA
about lower at 4s2 1-2 and December
ribs nomlnally lower at Dos
Estimated receipts Monday Wheat $50.
corn ZOO, oats 425 cars, hogs $4,000 head.
Tho leading futures ranged as follows:
-