The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-08-26
CHICAGO GRAIN MARKET.
Corn Held the Attention Of Traders During
the Entire Session.
WHEAT WAS SLOW AND IRREGULAR
Oa,s Were Active and Closed n
Shade Higher-Provisions
Closed Lower.

Chicago. August 25.--Corn was the active
market on change today. Rumors Of squeeze
In tho September option alarmed shorts aud
advanced price NC. Wheat was slow and
IRREGULAR. with trading mostly professional
and with sentiment favorng lower prices
September closed a shade lower oats closed
shade higher and provisions 2l5c lower TO &c
lever. Flax seed was again in big demand
At the opening and for short time after
wheat was Influenced by the strength of corn.
Shorts we're having big scramble in the pit
and their eaeerness to get under covering
had some effect on shorts In wheat Longs
we're cut OF tho market for the time being
and prices advanced for both september and
December December open ID unchanged at
1874 and advanced TO 74h. September opened
shade higher at 7l%a7lM ana advanced to
r. The demand was small, however. anu
news IN general favored the bears selling
NOV emcnt set in at the advance. which was
almost entirely professional at first. but whloh
finally brought outside longs into the market
and induced good deal of liquidation, re.
sulting in a material decline In prices all
around
The market became extremely dull and after
IL O'Clock prices kent within company
lively narrow range, but with sentiment
favcring the selling aide rallies were invari-
ably followed by fresh attacks by the bears
Roth domestic aud foreign crop news was
snow estimates the Weld in Minnesota and
the Dakotas at about t10 100000 bushels spring
wheat and other reports indicated better
condition OF crops in the Northwest than mas
been stated.
Tho Roumanian crop was also said to be
far better than previously reported. The cash
situation. however, continued good and this
was n supporting factor to the market Tae
scahoard nut the export engagcmentS at II
loads and the cash demand locally was also
good. Primary receipts were much lower
than last years The total being 5Si 600 bush
els compared with S07.00O year ago. Min
nenpolis and Duluth receipts were 20I cars.
Chicago IS cars. Atlantic ports clcarlnces
81 wheat and flour were placed ut 100000
bushels. Tho visible supply was not expected
TO show much change. An increase was
looked for prevlouB to the announcement of
an expected decrease. of about 100000 bush
els Ht Minneapolis and Duluth.
The market was diligently hammered hv
support materalizcd and after September had
declined to 1875 and December to 49,. the
market became s,eader. September reacted
TO lt4m71R and December TO 1874. These
were the closing figures.
There was big trade in corn especially in
september. Rumors were current OF a squeeze
in that option and Judging from the anYe
OF shorts to cover. had some foundation
EeadinE commission houses were heavy buy
ers The excellent cash demand and moder
ate reccipts strengthened the situation Dis
tant futures were firm. with September. but
did not hold their strength. Receipts were 5l7
cars Senteniber got over calls which in
'l'"es,u NV u'Hlhn" LOT tllut. mere was
considerable realizing late In the session and
prices did "ot holt
Oats in the main followed corn The COW
cri1g movement in Soptam5e. corn caused
like action in September oats and that future
was strong for the most of the session The
%ocd cash demand continued with 10000
bushels taken for shipment. Receipts were
690 cars
Pro, sions were slow AMI practically fea-
trreless The general tone vas steady. but
business was too small 10 cause material
changes in lrces At the close September
nork was 2iGc lower; lard unchanged and ribs
5c higher.
Estimated receints tomorrow: Wheat. Is
cars: corn 500 cars oats, 5S0 cars; hogs
hI1d