The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-08-09
CHICAGO GRAIN MARKET.
Wheat Was Pushed 10 . New Low LeveI
Yesterday.
LOWER. FOREIGN MARKET THE CAUSE
er-Provisions Were Heavy and
Closed Lower.

Chicago. August s.--The weak cash stua.
tion and sharp drop in foreign markets
pushed wheat to a new level today; Sep.
,cmber closed wesk at sad,sc decline from
yesterday. Corn was steadled by good ship.
ping inquiry ard closed slightly higher. Oats
c.tsed irregular shade lower to csc higher
Provisions declined sharply. closing 7ls8l2hc
lower.
Opening prices for wheat showed a decline
OF isMHc from yesterday. September started
at os&a6s%. tnd that proved to be the high
J oiut OF the day. Interest in the market
winch has been slack for several days, was,
II possible, even duller than yesterday, and
tue market for the greater part of the session
Kept within a range OF Sc The weakness at
tue start was due to a decline at Liverpool
oil "a since Friday. This was double the
ctciine In the local market since that day,
ana. coupler with the continued absence of
foreign inquiry Tor American wheat. kept
prices On the down grade during most of thc
uay was apparently the prevailing opn-
ION mat 1t was Il hopeless task to at 'empt
TO bull the market while there is 90 lttla de-
manu- Tor wheat abroad. and what little buy
ing was done WAS against puts TO which price
thS3sf1JsSsl the market declined shortly AFTER
TIE clcnng There was scattered selling By
me Northwest and BY the local commission
houses but outside intHest was slack. Sep
tehbet longs we're inclined to transfer their
dealings from that month to December and
buyinC of the latter againnt sales OF Septem-
bel mad tendency to widen the spread be-
tween those months to the advantage of the
carriers.
l'iComhall's figures OF the European visible
lnditated large increase aud was q bearish
ttalt re OF the morning trade Bradstreet s
hguros however, showed decrease of 12l7,-
O0O bushels and for time this steadled the
market, causing rally in September, which
laa IN the meantime declined to 6S3s. to about
Is Y, but no substantial support was forth
ccmlng ana prices soon sagged again. New
YORK reported export sales of ten boat loads
Not bushel was placed from here. North
vest receipts were 1893 cars, against 296 last
week and 40 u year ago. Chicago receipts ll6
the close, shorts being fair buyers at the
bottom, and the market rallied slightly clos
.l.s at 6slad6s9s
Corn was fully as dull as wheat. but much
steadier. The market was weak at the start
partly IN sympathy with wheat and on the
favorable crop conditions. but the strong cash
situation sustained prices. There was Wig
more distant futures showed the most
strength. Receipts were liberal, 562 cars, but
indications were for a lighter movement. as
country acceptances have been light for some
time
Oats dull and irregular The feature of
Ire trading was the demand for May which
was sharp enough to result in eighth ad
vance in that option. Cash demand was eN-
Collent. Receipts 56s cars.
Provisions We're heavy throughout the ses-
son. At the close September pork was &c
lower, September lard 10 and ribs Iiec lower.
Estimated receipts tomorrow: Wheat ~
cara corn 800 cars, oats 2SO cars. hogs $4,000