The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-10-26
CHICAGO GRAIN MARKET
Political Situation in Europe Was the Prin.
CipaI Feature in Trading.
ENGLISH CONSOlS STARRED OUT LOWER.
This Should Have Caused n scrsm bIe
10 Cover. hut the Trnde Was Con-
servativc.-.Aii Grains Lower.

Chicago, October 2o.--War or no war be-
tween England and France was the para
mount question In the speculative pits to-
day aud the general opinion that a peaceful
solution O. the difficulty was more clearly In
view than could be believed in. general
decline resulted. amounting to 20 per bushe
III December wheat, isa1c in corn, hm%c
In oats and 12Mc in pork and 5q74c each In
lard and ribs
English ccnsols were again lower at the
start and the Liverpool wheat market opened
excitediy higher The logical result OF that
by itself should have been wild scramble for
wheat here and a much more material rise in
prices than occurred today Wheat specula-
tors had. however. to take account of the
things that were not paraded 10 view OF the
multitude. and 1t was due to some of these
obscure influences that the severe decline in
prices that inaugurated the days business
was not SO Illogical as appeared on the face
Many OF the active traders have loaded them
selves recently with what they would con
slider dangerously high figure II peace were
assured. People who mad bought heavily and
thought war imminent having no use for 1t
in the other event. listened TO the whisperings
OF probable peaceful settlement OF the Fa-
shoda difficulty and hsstened to rid them
selves OF t1eir war priced wheat.
English consols later In the day recovered
thor early decline. This was hailed as the
harbinger OF peace and helped to bring out
more careful sellers.
Chicago received 302 cars, while Minneapolis
and Dulutn receipts we're 1892 carloads. The
weak feeling that had prevailed in the mar
ket during the first part of the session was
arrested for time by report from New
York that 1870 boat loads OF wheat had been
sold for export. Traders as rule here were
not disposed TO believe in such a heavy bust
ness, however and pointed TO the easier tone
I'm both lake and ocean freights as opposed to
Its probability.
Bradstreets report OF the world visible
supply showed only 10000 bushels increase
on this side of the Rockies That was dis
| lied n little on it. but a heavy tone TO closing
\ cablegrams and heavy primary receipts wltn
a growing impression that Paris was tight
when 1t wir5 that the American marktti wsrs
unduly excited continued to sway the iuc-
| tuations.
December opened 14QlSsc down at ssGt
| 6ahc, declined to 6sSGp6sia. sold TO 6Sis ana
closed at 6shM6s$s
Corn was not very active and OF its own
volItion would apparently have remained i'm
! movable hut was forced by wheat to adopt
II downward course. The result OF lower
| the grain was the cause OF taking OF quite
heavy amount q! export Receipts were 40
ears, Tho market frmed up tribe near the
| end because OF some purchases from the
| country.
Oats ruled weak. with the selling OF long
| property by n prominent scalper the feature.
| Receipts only 202 cars.
Heavy grain markets and a further drop
| In the prices Of hogs together with the lack
| OF business. caused concession IN provis-
ions Tho range In lard and ribs was Of
small consequence
! Estimated receipts tomorrow Wheat ldD
cars; corn, S25 cars; oats. lSj cars; hogs.
J 4 ulp han