The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-09-16
SHARP RALLY IN WHEAT.
Liverpool Shorts Were Evidently
Rather Alarmed.
THE SPOT ARTICLE AT A PRE- MUM.
Receipts Were Light mt All Points
Except Duiuth-Foretgn Demand
for Flour Was Active.

Chicago, September ia sharp advance at
LII, oIpool today and pressing demand for the
casa article here and In the Northwest at In
creased premiums caused decided rally In
wheat. September closed rs higher.
PERI declined 12I9al5. lard 10 and ribs
IA
Liverpool wheat shorts were evidently very
much alarmed, as September delivery OF. the
art Gle there was Ia higher imam IL closed
yc5tcrday before traqlng commenced here. This
alarm communicated itself to the speculative
brethren OF the same Kind III Chicago, the
consequences Of which was q rise Ia Decein-
Der OF x a bushcl at the start and IL more IN
the next i1itOcn minutes. september shorts
were more cruelty dealt with, having to ppy
nom to rs over last nights close, during
tho time OF the above named advance IN De-
tenber.
Duluth was the only one OF the Western
mary markets that received anything like
what might DO considered heavy receipts. ne
daily repetition Of very small receipts how
ever outside Of Duluth, had at length Iaccr-
Htcl the feellngs OF the bears to point they
could no longer stand. The foreign demand
for American flour was active, Chicago brok-
ers reported everything offered - the CONT
tent accepted and Minneapolis millcrs also re-
ported heavy sales. New York reported heavy
ctptances OF wheat offered from there and
the shipping inquiry here showed an improve
mont. Minneapolis cash wheat advanced "a
Il busbel and cash wheat at Duluth 2A during
tue first hour. Liverpool Kept add'ls to the
eutly advance IN September and finally closed
With gain for the day OF "a per GENITAL or
the equivalent Of 3is bushcl.
Chicago receipts were 1873 cars aggsnst SOL
las. year. Minneapolis and Duluth received
9N Advices from Minneapolis were to the
effect that the heavy rains for the last few
days would cause smaller receipts at c0un-
try stations for a time. The total at all West
eru primary markets was LII 0W bushels,
compared with 900 bushels last year At
lnuttc port clearauccs were $50 900 bushels.
The indifference OF Paris and Antwerp as
shown by quotations they Cnhcd to the eN-
c1go somewhat cooled the ardor Of the bulls
here for time but there remained so much
desire among shorts to buy on every little con
cession that reaction followed the moderate
dee iues during the entire forenoon. SpptcnI.
| hcl was difficult to buy and advanced during
the day from 65h at the opening and clos Il
n, cfh. against 6iN yesterday, December OPP
encd 2, higher nt from 6lI63s rose Irregular
ly to t37i and closed at 63A sellers.
Corn WAS Ia ii dlsgrntled and uurosponsive
mood to the announcement 1t might have
assnilntcd from the strength In wheat. Spec
ulpioi4 who for months nave tried to coax
corn to advance were disguised al tho poor
suctess and appeared to contemplate the ahan-
document Of market SO ohduratcy benrlsh
In the face Of 30 many good arguments for It's
buirB otherwise
faiIly active cash demand together with
thu rally In wheat steadied oats.
Large hog receipts and lower prices at the
yards settled the fate of provisions.
Eetlmated receipts tomorrow. Wheat 1T5;
cptn, 90, oats. $50 cars, and hogs, % 900 head
The leading futures og