The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-19
WHEAT WAS DOWNWARD
Until Within Thirty Minutes of the
Close
WHEN A SHARP RECOVERY OCCURRED
Corn and Dat. Were weak and IN,
La" frtces Were ut = D~clinc.
Provisions showed Advances.

Chicago. September iS-,An grain and
provisions markets started weak and
| closed strong today. The strensth o,
wheat was limited TO tho last thirty min.
uteS when outside news started shorts
10 covering, which caused recovery o,
the carly dceiirc and s-sIN besides Tho
action OF corn and oats was similar but
closing prices were at declines of As,S.s
for corn ard u for oats Provisions
were stronger than any OF the srain
markets. closing at 7,sai7,s advances.
Wheat continued IN the downward direc.
ton given to It yesterday. December
| closed yesterday at s2Hs2,s and opened to.
DAY from Of rs down to siA. Ii barely
! touched ~ a second later and then began
rolling over and over down hill antil 4,
got TO 81, which point IL reached about
an hour from the opening. The Liverpool
market came In line with the decline
here, showing the following declines In
futures September, I'd; October i,sd, and
december, $50 per GENIAL. with the
temper of the leaders OF tho local specu.
laiors strongly inclined TO the bear side.
the decline at Liverpool WAS all the fur
Their encouragement thoy needed to attack
the market afresh and during the early
morning they did 40 with "a Vengeance
Tho clearances OF wheat and nour from
both coasts FOR the week. as reported By
bradstreets, were the heaviest but one
IN any week In the statistical recollection.
They amounted to the great total OF G. gJ9..
Wv bushels. BeerbQhm cabled that tue
worlds shipments for the week 10 El,-
rope wonld probably be found to amount
70 s,Oncd, hut IN view OF the heavy Amer.
ieah shipments the figures are expected 10
De considerably larger. Argentine report
ed 10 wheat this week, ana according to
accounts that country iH engaged IN a viz
orous contest with iocusts 10 enable II 10
set some 10 ship after January next. Chi
eaEo receipts for the day were gie cars.
Minneapolis and Duluth got has carloads
compared with li35 year ago. The Al
lantic port exports for the day cqu.lcd
!i6WS bushels In wheat and Hour, 6Sl, Oei
bushels OF the total being In the raw
grain The decline 10 81 satisfied the hear
contingent for the time. but when they
u1ed 10 buy Ia short wheat al that they
round Few sellers Under such a compli-
cation the price rapidly recovered all OF
It's previous decline and shot up 10 a2}.,
aud II closed at a2is
Corn NaS active. and there was some
LIQUIDATION, enough 10 cause I. decline.
Whlch was Its weakest, but the market
ms whole was stronger than expected
IL was the general opinion that tho crops
were too well advanced TO be injured by
rost. Gables were weak. The weeks
tine shipments were nothing compared TO
ib 1000 bushels last year Receipts $50
cars at Chicago. December opened VA
IS lower. at - 1890, sold between 3ol.
ana 2aN. and closed AZ ~ 1880
OATS sympathizcd with corn and showed
weakness at the start. but became firm
toward tho end Trading was small and
unimporianA feature was the moderate
selling VI May. some 10000 bushels he.
ing offered by one prominent Arm Re.
ceipts, io5 cars. December ranged from
a0is 10 2ois. closing NJ 2o,s. a decline of "
Speculative business Ia provisions was
not heavy but the tone was strong The
opening was Al a slight decline on the
continued disturbing yellow fever news
shorts covered actively. pork being IN es-
pecialy good demand aud also offerings
were light prices moving upward easily
At the close December pork was l7l9 high
"r, at Sb9' December lard M higher. at
46719. and December ribs ~ higher. at
40 October lard gained l5c, closing at
5g7is
Estimated receipts Monday Corn, 1870
cars; oats. ia5 cars; hogs, 81, 900 head
The leading futures ranged as follows.