The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-13
WHEAT WAS FORCED OFF.
Started Weak. but Closed With APP
pearance Of Strength.
LIvERPOOL'S APATHY RESPONSIBLE
For the Opening Decline, which Was
Partially Recovered-Corn Lower,
Oats Higher.

Chicago, November 12-wheat started
weak today but CLOSED with an appear
ance of strength and activity. May &c
Hover ard December &c higher. The De.
cember option was helped by the fact
tina. some of the Duluth wheat beng
SHIPPED here is missing grade. Reports
that farmers Deliveries from the North
west were falling off was the bull factor
| In May toward the close. Corn closed a
shade lower and oats 1sc higher Pro-
visions were weak and closed 2E071ac
| lower.
| Wheat started with sellers of May at
from 81 down to 90A and very little
changed hands at over 907s. This COM
pared with yesterdays closing price Of
91A. The failure of the Liverpool market
TO respond to the bullish tone with which
this market closed the day before was
chiefly responsible for the &c decline.
That market opened at but b@Md adj
vaEce. and had lost even that by the time
trading here began.
Northwestern receipts were large COM
pared with last years figures, MBnneapo-
hs and Duluth reporting ST. cars. against
90 a week ago and 45i last year. Chicago
got 81 cars today, 144 a week ago and 400
the similar day of the year before.
New York wired shortly after the open
ing that they had selling orders from the
continent for December wheat. but other
New York messages said private cable
grams from the continent were firm In
their tone The prce gradually sank and
touched 90ss before 1t had rallied even sc
here. II had. however. recovered to 91A
nv about u O'Clock without receiving any
thing striung.y encouraging In the way
of additional Information. The Atlantic
and gulf ports reported clearances for the
day at 5Gi000 bushels, wheat and -four to-
gether,
The total receipts for the day at prl-
mary Western markets amounted to l,O52,-
COO bushels. against 81 900 a year ago
Minneapolis stocks of wheat for the week
are expected to show an Increase of 1.500,-
O0l bushels and Duluth an increase of 200
coo bushels. The general guesses here on
the change In the weeks visible ran from
2,0oo 900 to 100000 bushels increase.
Tho weekly review OF the situation by
tho Modern Miller was rather beartsh
but. on a tip that preceded its details that
It would be bullish in tore, buying start
cd that put the prize from around 9Os, to
mh After the receipt of the Modern
Miller's report, the price sagged back to
sO'2. but near the end of the session as
suranoes from the most reliable sources
ing of. caused liquidation.
That Information and the fact that
sotnc OF the Duluth wheat which has
been shipped here lately Is missing grade
caused a revival of the markets prev
ously waning strength. December, which
was harging around 931a, responded to the
bidding for q 'snated quantity for a sud
den squirt to 9iss, and May from around
90ia TO 81. Closing trades were at 94It for
December and 9O7t for May.
Corn was weak during the morning.
largely through sympathy with wheat.
There WAS some selling of December by
elevator people. which resulted In slight
widening of the spread Later in the day
the market was supported by the urgency
OF the shining demand. one cargo selling
&c over December. Gables We're Am3sd
higher. Receipts We're 372 cars. Nav
ranged between 30ss and 30 and closed a
shade lower at 30l4 1130}k.
during most OF the session oats were
dull ana easier in sympathy with wheat
ana corn. The Corn Trade News cable
reported Russian oats poor and an ad-
vance az New York started shorts to COW
erhE, and considerable outside siIpport
also developed. which put prices fractions
ally above Yesterdays close The cash
derariment was firm and slles al slightly
letter prices. Receipts 2Sl cars Nav
ranged between 22ls AMI 2,;S. closing 80
higher at 22ik. 90
Provisions Were decidedly dull and veal,
Prices were slightly higher at the open
M on account OF higher prices of hogs.
There We're moderate offerings Mt tha al. |
vance but the market was too narrow r.
lake care even. of these prices and slowly |
cccilned At the close January porI< was
oaffsc lower at S.35 January lard PIC low. |
es az oa a;;SsFsai 80 and January ribs &C lower
Estimated recdpts o.norrow-Whoat n |
O00 head - ''oss W.
!.he loading futures ranged as follows.