The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-08-27
CHICAGO GRAIN MARKET.
Wheat Took q Tumble and Closed More
Than One Cent Lower.
CORN AND OATS FOLLOWED IN sympathy
prov,.,ops Were Dull ana weak,
Pork and Lnrd Closing &c ana
Ribs Ice Down.

| Chicago. August 26.--Wheat was weak al
dny today and closed at a decline OF lac loi
both December and September. The North
west was large seller, and the demand was
too light 10 absorb offerings. The weak casa
market was also a factor. Corn declined sd
ihc for September, but closed only a SHADE
,ower for other months. Oats declined h9hc
and provisions 5a7lac
Wheat opened weak at 1880 decline. Most
OF the trading was in December, but Septem-
her was given considerable attention and de-
,elopod fully as much weakness as the later
month. Beyond a decline in Liverpool and the
IDEAL harvesting weather in the Northwest,
there was nothing at first to influence selling
The inclination to liqudate was quite general,
aud no support was given except from shorts,
who early in the day bought in considerable
quantities. The Northwest was even weakel
than tne local marKet, and TINS soon became
potent factor, heavy selling orders coming
from that section, when induced liquidation
by local longs and also brought selling orders
through comnission houses, the result was a
steady decline the market getting unuer puts,
and even then receiving no substantial sup
port.
The cash market was badly out of line, bids
beng generally less tnau lso over September
for No. l Nortnorn, which shippers would not
accept. Later IL was reported that several
lots had been worked, but the effect of TINS
was offset by advces from the Northwest that
much heavier receipts were expected next
week. This was discounted by shorts, who
sold heavily, and IN the last hour of the snort
Saturday session the bottom apparently drop
ped out of the market.
Northwestern receipts today were 229 cars,
against 232 last week and 632 year ago. Chi
cago receipts were o. cars, Total primary re-
ceipts were 564 900 bushels. Atlantic port
ciearances OF wheat and Aour amounted to
623, 900 bushels. The seaboard reported IS
loads worked for export World shipments
were expected TO reach $500, 900 bushels.
September wheat opened u as lower at 7lss.
1t declined to 70h and reacted to 101Adi0ss.
where it closed. December opened lsMAc|
lower at 7S3Sd73iS. declined to 1873 and closed
at 72ia asked.
Corn was decidedly weak for September and
easy for other options. September was for
sale in moderate way all over the pit Re
ceipts at primary points were larger and coun-
try offerings more liberal, causing increased
selling by receiving houses. The cash demand
was only moderate. Receipts were 514 cars.
Oats. considering the weakness of the other
grain markets, were steady the decline being
less than Ac. The cash demand was light
and receipts LIBERAL receipts 6l2 cars.
Provisions were dull and weak. Influenced
a little by the decline In the grain markets
The market was steady at the close. At the
close September pork was SC lower September
lard &c lower and ribs 7lac lower.
Estimated receipts for Nfonday--Wheat 100
cars corn 800 cars, oats $50 cars. hogs 5000
head.