The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-09-24
The BULLS WERE PLAYING,
Wheat Was Bid Up at the Opening,
but Later Declined.
HEAVY OFFERS BROKE The PRICE.
May Discount = wenkening Fac
t0r-Corn and Oats Each
showed n Decline.

Chicago, September 2.--The wheat mar
ket seemed to have been played with b,
the bun clique today. Shorts started In I,
cover and had bid prices up 1Ac bcfor,
| they were filed up. Then heavy offer
ings broke the price point and a hal
below yesterdays close. December CLOSED
at 1!aW1hc decline. A weakening facto
was the widening of the May discount
Corn followed wheat and closed 9saht
lower. Oats closed lower and provision!
declined 6n7isc.
Wheat at the immediate opening wal
easy. Prices were inclined to weakness.
on account of n sharp decline at Paris
but the higher quotations from Liverpool
caused the market TO turn strong at once
December, which closed yesterday at y2la
opened today at from 92h TO 92ls. Short
started for cover, but ran up against u
sriag In the shape of scarcity of offer Dgs
the price being hoisted TO 93is before any
wheat OF consequence came on the mar
ket
The Northwestern receipts were agar
heavy. and that caused holders to cxer-
else caution, so when the price had risen
70 9S,s plenty OF wheat showing profit
:, as unloaded. The receipts at M.nneapo-
us and Duluth were 1893 cars compared
with 9ol week ago and $50 the same day
the year before. Those cities. however
n mea s'tl RaIyIjng saSSc premium FOR i'm
go cars. 50 of which were contract The
quantity inspected out of store was &c. lS5
bushels.
The previously exploded rumor that
RUSSIA intended prohibiting the export of
wheat was revived again about cosn (
tsne, Paris cables showing n complete re-
covery from the early decline. This sent
december skyward again. the price at the
cosng beng 93A. AT that price a big
trade was done, large quantities OF wheat
being dumped on the market. The offer
ings were readily absorbed for a time but
~ the end the weight proved greater than
tne market could bear, the market beconi
ing weak whom explicit den!als of the
RUSSIAN reports were received
noticeable feature during the advance
was the refusal of May TO respond except
~ AZ extremely unwilling aud backward
FASHION. When December was readily
bringing a3A, the May delivery barely
loucned BIS, and house with close I.iv-
erpool connections said II had liberal SELL
ing orders from the latter place for May
delivery.
Export clenrances OF wheat and flour
from the Atlanta, ports were equal TO iio,-
$50 bushels. The receipts for the day at
the four primary outside winter wheat
markets-kanaas Cllty, St Louis, Toledo
ana petro!t-were only $4,000 bushels, out
OF the total primary market receipts
whch amounted to 1.276,0n0 bushels The
92ss "~f~
There was a smaller business IN corn.
NV market averaged flrm all forenoon,
starting 1sc higher on light receipts and
the steadiness of Liverpool cables and en-
1oying good support as long as wheat kept
strong. Toward the end however. when
wheat commenced to ship. corn followed
very willingly. Receipts lsb cars. Allan
tc exports were 3i3,5a bushels There
were claims of accumulation of stocks at
Eastern points. Tho shipping demand was
SLOW December ranged from 3l% to $685.,
closing Ss4isc lower at 30lsm3DA.
oats We're steady up to the last hour OF
trading. Then that market struck a slim
perry place, too, and dropped, There was
an excellent shipping demand. which was
MAINLY responsible for the buoyslncy dis
Played. sympathy with wheat and corn
caused uhe decline, Receipts sos cars.
Charters were for 6S5 900 bushels pecem
her ranged between 2lis and 2oE,. closing
about &c lower at 20ai
The Incubus of the yellow fever epi-
demic weighed down the provision mar
ket. Prices started weak on that account
ana through sympathy with n weak hog
market the market ruled heavy an dny'
the cash trade was moderate There
was very little outside trade July port
closed TIC lower ut S32is, December lard
DC lower AT 4.62iA and December ribs Sc
lower at 40
Estimated receipts tomorrow-Wheat 2eo
600 head 49,
the leading futures ranged as follows: