The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-11-18
CHICAGO GRAIN MARKET
Wheat Was Strong at TIE Outset, but Sub.
scquentIy II Reacted.
Big RECEIPTS At NORTHWESTERN POINTS
ARmour Credited with BcinE About
to SHIP q Lnrge Lot OF wheat 90
ChicaGo-Coarse Drains Higher.

Chicago November t7.--Wheat today was
very strong up to within half an hour OF the
Close, when 1t turned weak and closed at a
triflc decline The advance was largely IN the
| nature OF a scare among December shorts,
but the local nature OF the strength was ulti-
mnsely impressed on traders. Corn and oats
were strong and closed X TO 4 higher. Pro.
visions closed a shade under yesterdays final
priccg.
CIcring trades IN wheat showed slight
changes either way from yesterdays closing
prices. May starting shade lower, Mt sc and
December X higher at GG%M667s. The market
nj once developed considerable nrmness. De-
ccnibcr again took the lead and In this re-
sffct, although the volume OF trading was
greater In May. II was difficult at times to
secure December, as few operators cared to
put out fresh short lines. The general demand
Tor December. coupled with tho strength
SHOWN BY Liverpool and yesterdays large
export business, alarmed the shorts and for
ha'f an hour or more the market was very
active May advanced during this time to
SOS nnd December TO 57,4GGsss London re-
ports more inquiry for off coast and on pass
., nge ca,,goes, which had Its effect on the
Followed. The advance brought out consider
able wheat, showing good profits. 1t was all
SWu n taken. but prices dropped TO &c for
northwest receipts today were heavy. Min
ncapclis and Duluth reported I4i0 cars Chi
cago receipts were 261 cars. Milwaukee, re-
ported that Armour was preparing TO ship
100000 bushels OF spring wheat from that
point TO. Chicago.
During tho session thu market was quite
nnrvour and prices moved up and down rapid
". Atlantic port clcarances OF wheat and
flour amounted to 10000 bushels December
sfort were evidently stu very apprehcnsive
OF trouble on account OF the comparatively
small stocks and the freedom with which
WHEAT Is going out OF the country and that
opuon DerHrne so pronouncedly bullsh that
May caught SOME of tho same spirit.
Before IL o'clock December had advanced to
TIA and May to 66SsMesis. In the last forty
i've minutes OF Trading. however. the market
eAteriencfd Il decided reversal Outside mar
kets as q rulo failed to respond TO the advance
wheat being offered than the market could
readily absorb and prices In consequence
dropped ranidly. Tho market was quite weak
toward the close December closed at 6GIs0
G6tt and May at 65Ts.
Corn WAS worry active and strong but did
not maintain the hest prices. Country advices
were hulIish and tho Price Current claimed
the recent government crop report unreliable
and inconsistent. Cash dema nd was good both
heavy until late In the session. but the clos
int' weakness Of wheat affected prices some
what, Receipts were 22t cars.
oats we're In the market In Increased mum
hers. Cnsh demand WAS good Toward the
close the market weakened materially and
nearly all the advance was lost.
1rnde in provisions was very small
Estimated receipts for Friday: Wheat LIS
carr: corn. 3coi cats, $50. and hogs. $4,000