The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-12-22
GRAIN MARKETS WEAKER.
Nervousness characterized the Trad
ing Throughout the Session.
RECEIPTS AT CHICAGO WERE HEAVY.
Eight Million Bushels of December
Contract Wheat Expectcd--Corn,
Oats and Provisions Lower.

Chicago. December 2i.-scaipers had an
other hard timo OF 1t IN tho wheat pit to-
DAY. The Clique bought on the siuinrs
and sold on the bulges and kept the mar
ket In such state OF nervousness that
the Ettle fellows were badly frostbitten.
May closed at sc decline. selling ut one
time sc above yesterdays final figures.
Other markets followed the general course
OF wheat. corn declining ssa]sc. oats so
1hc and provisions 1OaUlac.
May wheat opened easy and about &c
lower than 1t closed yesterday, at 93iam
93ss. Liverpool was only lsd higher at
the opening here. and by some mistake
the receipts OF wheat at Minneapolis were
at frs, reported at $40 cars. Chicago re-
cc'pts were very heavy. amounting TO $40
ours. OF which number $40 were OF con-
tract quality, Those were the reasons Tor
tho opening weakness.
Minneapolis receipts were soon after
ward corrected to i72 cars. ana Duluth
reported lis cars there. That made the
small total OF 800 cars at both places.
compared with 5S2 last year and $50 the
corresponding day OF last year. That cor
rection of the Northwest ern receipts
tuned the main feeling OF the crowd to-
ward the bull side again and the opening
weakness soon gave place 10 strength.
May advanced under good buying 70
9ils' This. however was followed by a
reaction 10 gd9ihs, which made the mar
kut strong. and a slow advances ensucd
rhig sccsawtnG was kept up all morning.
Tho advance was led 10y the bun clique
and on several subsequent occasions. Wnen
the market appeared 10 require help, the
same party was credited with being its
reSCner.
BESIDES the $40 cars OF contract whea,
received here by rail, 1900 bushels ana
log carloads OF No, | Northern sprng
were transferred from unMcensed eie-
N4tors The total quantity OF contract
wheat IN licensed houses at the close of
BUSH css Saturday was 5,lojoOO bushels,
ana probably l,0oO@o bushels have been
added to That since then. There is a
strong probability. therefore that nv De-
cemhet II thorc win be 5000. 900 bushels of
contract wheat In regular Chicago houses.
ltuiiors OF vessel room having been taken
IN New YORK for tho shipment of 900 OOl
bushels ot wheat early in january. for ac-
count of the Chicago bull clique. were cur
rent on the floor. Ths export houses at
the seaboard reported very little inquiry
from abroad but Franco was cretIto,
with bbSing 5000 bushels No { red aud
ltambftrE with taking 10, 900 bushels OF the
same grade of wheat
hcaboard c.earaucas Of wheat and Hour
were comparatively moderate being 2c, On0
bushels. lGvcrp1ol's dependence on Amer
iea ior supplies was seAu in thu lmporto
lion into that port IN the last I'm ce eiavs
81 $1,000 quarters, 5000 OF which were
from America.
Later in the session the market became
oi''t weak under realizing by profession
AIS Therc was reason to believe that the
Letter crowd sold. The market grailiauy
dsctned to a3iS aud closed easy al o,n
There were further largo deliveries 81
SMhcat this evening. Armour delivering
| isaom and other dealers as much more
| neccmber, closed at 100, where 1t wound
| IN Yesterday,
| Corn was much 0uictcr than the day
! before ard was also weaker Selling an.
| pehted TO be again more liberal and coun.
| w acctn,ances OF Chicago bids was n
| irature among trading rcws n rerov-
| cred part OF the early decline hut pe-
| r'un5 qlMte weak again later aud was M
| ns weakest at the close
| pNls were steady for cash and Dccem-
Der but weak and lower for MAY. Tno
| market was very quiet and little of IN.
| lertst deyelopcd. There was louida .iN,
| OF long lines with the action OF wheat anJ
| provisions lost altogether the huoynncy
| winch the market exhibited Yesterday ~
! llie cloee May pork was i7ibc lower, May
la,l tVc anu May ribs t2tsc lower
estimated receipts tomorrow Wheat ,p
. USl corn 100 cars, oats 500 ears hogs Al. :.
| 600 head. "Oes ~