The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-11-17
CHICAGO GRAIN MARKET.
Wheat Held Remarkably Firm With All the
News Of Bcarish Character.
ALL the EUROPEAN MARgETswERt LOWER
In tho Last Hour the Market Rntsied
md Closed Higher-Corn, Oats
and Provisions All Advanced.

Chicago, November 16.--In the face Of much
Iboarish news which tho trade held today wheat
was was remarkably steady. especially INC
December delivery. Tho latter closed at an
advance OF Il TO n. May declined "a. shorts
were uneasy and covered freely. Corn ad-
yanccd u, oats Vi and provisions closed 70
IA higher.
Wheat opened at " to Vi lower, December
starting at G57sa66, and May ut 65asM65',.
Liverpool had declined from X to " before
trading on this sido began and tho 2:l5 quo
tation from Liverpool Increased the loss from
!. to u for December and March respectively.
FIrst transactions hero brought the prices OF
December and May down to the level where
huiecrs Of puts could operate with safety.
Tho buying against those privileges caused
tho market to assume degree OF firmncss
ut the decline and a moderate reaction toon
place, December getting UP 10 66ssMboH, anu
May to G57s.
Besides tho weakness Of Liverpool the bear
slue OF the market was encouraged by dc,
cliiies at Antwerp and Paris. an almost total
lack OF foreign demand and heavy Northwcst-
crn receipts. Minneapolis and Duluth report
cd 1893 cars. Chicago received i9i cars, o,,,r
The seaboard WIS very prolific III better
news aud IL had n good deal OF influence III
prices. which began to sag again MS soon as
the buying against puts let up RUSSIAN
wheat, according to Liverpool, was offered
cheaper and Argentine offerings showed ~,
increase Some export business developed
later, New York reporting about fifty loads
takcn but this was a great falling from the
heavy engagements of the past week or so.
Primary receipts we're enormous, the total
| being put at 69s.0oO bushels. Notwithstand-
| iny this, the market declined very slowly,
| December reached G5s and May 65ia before
neoI. These were the lowest prices Of the
day.
| Shorts in December were principally APP
| probensivo Of the situation and took advan-
| taEo OF every dip IN prices to cover the,r
| lines, In the last hours trading rumors OF
| tho taking OF i0p.0 900 bushels for shipment I'M
| advanced steadily. The market became dccid-
| odly active and figm toward the close. shorts
coming in freely and bidding prices up rap.
| Idly. December advanced to 6jsi and closed
| at G6ssl66N May closed at 657s@66
Corn. though starting in weak, soon raj
| LIED and for the rest of the session was strong
Cables were lower, but there was an excel
| leEt cash demand here and liberal sales. The
market was helped good deal by the strength
| OF oats. Receipts were 222 cars.
| Oats were relatively stronger than the other
| grain markets and large business was done
| cash demand was good and offerings light
| The market was very active and strong near
| the close.
| Provisions, in spite of the dullness which
| was marked throughout, were strong with the
exception OF few minutes after the open
| ing.
| Estimated receipts tomorrow: Wheat. s2j
cars; corn, 800 cars; oats. $50 cars. and hogs,
cGO nfDd