The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-09
WHEAT MARKET IN CHICAGO
Trading Confined to Liquidation OF
Outstanding Contracts.
BULLS AND BEARS RAIN GUESSING.
The Former Afraid II Would ana the
Before Next Monday.

Chicago, October S.--Most Of today's
trading IN wheat was confined to liquida-
tior OF outstanding contracts. There will
be no sessions tomorrow. The bulls were
affau 1t might rain before Monday and
bears were afraid that 1t would not, and
the result was evened UP as much as pos
sible. The market closed at yesterdays
figures. other markets, however. showed
more weakness for reasons. corn dechnins
H. oats closed shade lower ana pro-
visions declined 5Il0c though the LAYER.
pool market opened at decline OF 81
aud closed at decline of laM2-Sd from
yesterday. The local wheat market show
cd no such disposition. Opening sales
were at u advance and soon after the
market was i2c above yesterdays prices
December, which closed yesterday q 5.s.
opened today at yl9ia9l rs. The shorts
an advance to RisaS2h. Then the price
dropped to 81 and for some time the mar
ket Rugged around that figure. the
wor.ds Visible supply OF wheat ana ii9 ~
100000 bushels against 100000 bushels
September /. The stock N principal Eu.-
ropean countries October, 3i.soo,ooo, against
2S.eoo,ooo bushels q month ago and 3o,sco,-
900 Il year ago. Receipts for the day at
Minneapolis and Duluth aggregated l126
cars, against 1896 last week and 1915 last
New York reported export engagements CT
thirty-elght boat loads. The Michigan
crop report showed a total yield of "a
$4,000 bushels. This news apparently had
erpool market. An important estimate
concerning the Hungarian wheat crop
was entirely lost. Beerbohm Figured 1t
at So.coo.Ooo. against 100000 bushels In his
previous estimate and against 100000
as the crop last year. The Liverpool
weakness was explained by the fact that
there had been hedging sales there
against the No. spring wheat recently
sent from Chicago, 1t Is believed the
visible supply stasement Monday will,
show an increase of 1,5oo.Oo0 bushels,
against 10000 increase a year ago. The
Modern Miller which has heretofore been
uEte bearsh on the situation, issued an
extremely bu.lish statement regarding the
unprecedemted drouth and unlimited area
cine late in the day and cause a rally to
Vi 5-S. That was Uhe price at the close.
Corn was weak and rather inactive most
of the session with the trade a good deal
on the evening up order. The opening tone
was fllm with wheat. Easier tone de-
veloped later, the reaction In which the
iiuieatlofS or an early movement of new
crop pvinR among the bear Influences. Te-
See@pts b5b cars. Exports amounted to 2l7,.
90. December ranged from 20 3-Sa2S rs,
closing - lower. at 29h.
o9 w., w, We're duh and moved within an ex-
g, eellnsly narrow range. prices be ny in
lluenced almost entirely by the action Of
corn about the only feature being tho
p pn,. OF about 10000 December and
May on Now York orders. The cash de-
m9nd continued good, about 400 600 bushels
i peih! sold for receipts. Receipts 1853 cars.
DeHe mber ranged from 1884 to 1917, closing
Il SHADE lower at lgiaMl95S.
n II, l 'sIons- Trading In provisions was
ngnt. The market opened weak because
W mo large receipts of hogs and some de-
rally followed in sympathy with wheat
' put tne strength was short-hved and as
n,,a., ~ ,he strength in grain began TO d s.
app1dr tle mBpkat again weakened De |
CEN c per pork closed l0c lower at 775. Dc.
cen,tS,r IHrd &C lower. at i.22Ia, and De-
'T Inao, ribs ~ lower, at Las.
isstirnated cars Saturday--Wheat oss.
'o ,r' 90: oats, 400. Hogs, I6, 900 head -'''
ne leading futures ranged as follows;