The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-12
BEARS POUNDED WHEAT.
Statistics Favored Then sad They
Sent the Market Down.
WEAKNESS SHOWN IN ALL PITS.
Heavy Commission House Selling In
Corn-Yeilow Fever Scare Took
Provisions Down.

Chicago, September u.-EverytninB
sr.ded in nm the hoard of trade TODAY was
- .,-s 80
"c"n' "Ni t"s S~|'P''"' y" e'
heavy declines resulted. STATISTICAL news
in wheat favored the bears for once and
-, ,..st~ .a..an..,.. -, ~. faot ,,,th :,
'h'' WIN ""'a".aeo y. ia. AaN.
Veuseahces pouhuhs the price uo"h :"
rs below yesterdays close. Corn de-
aimed ~ for Tim same reason Oats de-
49,, .
clihed u. fnoVislons suHereu iioih all
other large dose OF yellow fever scare,
r,,rk decliniug zoe. lard 3Oc and ribs fsIkc
~. ,,,,a. -, ~. aor,,,,axio, ~ Tho
.'N "'.set ""n1 t'e N"'"p~ - ~
government report may be, the wheat
market is almost invariably weak after its
.,a,,n,a,na,, rroaav,. market was M
~, s.,,e,.. -,
exception wheat stdTleu AZ = oec'ihc "a
iSfiskc and with the exception OF two
.bort sr,a anna ~ strength the market was
' ~ 80, ,rh 49,.
uecioeuiy OH Color III uas' AHo ueSS"e
was more influenced by what was learned
Yesterday of the growing weakness of the
-, l.,,.tratis se,nn,ng yr,da AZ winter
must oes'iapio S"ipps
wheat. the No. 2 Kansas hard, and a de-
cline OF from sd to Id at Liverpool than
-, ,-,..a,,''s..,,t ..a,,,ra,a AZ ~. oo,,
~ '"o 1,e'o o.,
crop. The government estimate 4e4'V1V'vu
was rather small IN ltseit, put inc Naue
generally believed IN a yieid OK lN.vvv,VVo
Dusneis larger tnaD that. The Week .
c.earances IRON both coasts were equal IN
wheat and flour to b,46l,oVo bushels against
6,zDo.VV0 bushels the corresponding week OIL
1886. Chicago received TO-DAY 200 CARS.
against 1s4 a year ago. only twenty cars
OIL todays receipts were contract. conf
plred with seven cars or the regular graue
IN the days receipts a year ago. Minne-
apoiiS and Duluth got 10Y cars, against
40 Saturday last ANA /, l60 last year. lem
porary iirmness was gwen TO the market
at about the price trading commenced at
when export clearances began to be made
or wheat from Philadelphia were l0oVVO
bushels. and from New Orleans $4,000
bushels Following that temporary en-
couragemenn, the first reasons for weak
ness returned with redoubled strength
ana much more material break tooh
place. The total clearances OF wheat nno
iiour from Atlantic ports for the day
amounted to the liberal total OF 100000
bushels but that did not further interfere
with the weakness with which the market
had become badly afflicted. December
opened at from g7Ia down to NM. and af-
ter fluctuating for a short time around
the lower opening range. 1t gradually In
creased ln heaviness until about half an
hour from the end OF the session 1t was
down to 95c. The weakest phase Of the
market was In the last ten minutes OF
the session, by which time the general
crowd had gained the courage OF their
convictions and no longer feared to sell
the VIII at they considered much too high.
They battered the price OF December
but mot wishing to go home short. some
| buying caused recovery to 1914 at the
close.
Corn was radically weak, made SO by
| the government crop report heavy re-
ceipts and rather poor shipping demand.