The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1892-08-18
COMMERCIAL.
Strong Movement to Send Grain to
Lower Prices.
Wheat quoted Lower-Butter Weak
Choice Fruit Wanted Can
ners Buying Again.
Especlal Correspondence REcoRp.Ux1os.l

SAN FRANCISCO. August II, 1892.
Notwithstanding the generally accepted
opinion is that the Wheat and Corn crops of
the world are below the average, yet the Eu-
ropean markets for Wheat are lower, owing
to importers OF Russian and Indian Wheat
being able to sell for less money and then net
good profit. This they are able to do, owing
to the decline in the market value of Silver.
Large export buyers in our market claim that
IL silver was par the price of Wheat would be
Iully 20 per cent more than it Is now. While
the San Francisco market, like all Goid-using
markets, is unquestionably largely controlled
by the price of Silver, yet there are two local
influences at work, viz: export buyers are
overstocked with poor grades of Wheat and
the persistency with which farmers hold
choice to gilt-edged prevents them from aver
aging, so as to bring the cargoes up to the No
/ shipping standard. The only way in which
they expect to get the better grades is to break
the market down for grades not wanted. The
offerings of Wheat to-day were very large,
but very little choice was on sale. Barley was
offered more freely, which caused buyers to
bid lower. Oats We're quiet but firm. Corn
and Rye were steady. Ground Feed was
quiet, with perhaps a weaker tone. Hot
weather is bringing in the receipts of Butter
by rail and boat softer, which causes dealers
to be more anxious to sell for coin at lower
decline. Cheese and Eggs were fairly steady.
IN Garden Truck there were no changes to
note. The Fruit market was glutted with
trashy stuff and rejects. Very choice Fruit
was scarce and wanted. Gamers were in the
market to-day. DRIED Fruit was in better de-
mand. The tone was stronger. Poultry was
easier, owing to a carload of Eastern due
irving and another nearly due. BayUBeans
sell at So 9OG3 Is q 100 TBS.
Silver was weak, and lower in London and
New York.
CEREALS
Receipts = Flour, 4,656 barrels: Wheat.
76,367 centals; Barley, 7o,146 centals; Corn,
1907 sacks; Oats, - sacks; Rye, 527 sacks.
WHEAT-The market was inactive to-day
owing TO buyers bidding down. The offerings
were larger than at any time in this season,
but the grade was not desirable. Exporters
want choice 10 giltedge So as to get
average. We quote buyers bids as follows;
For Port Costa or alongside delivery the mar
ket is quoted as follows: Shipping, 81 1890
/ 50 for fair to good; choice to gilt-edged,
81 36$4G1 40; milling, 81 3S34a1 Az Tor
fair 10 good; 81 1901 40 for choice to gilt
edged. Holders ask higher prices than the
above.
BARLEY-Buyers bid lower The offerings
were large. For a straight parcel Of bright
from MERGED, weighing II ths to the bushel,
81 0laE vas bids We quote as follows: Feed,
poor, S65z@S SIC; fair to good, 9O@9334c;
S1@1 %.
OATS-The market was quiet but firm The
market is quoted as follows: Feed, 81 25@
/ 30 for common; 81 1901 DO for fair to
good; 81 as for choice TO extra choice; 81 so
Tor gilt-edged; Surprise, 81 55.
CORN-The market was weak. We
quote SIS follows: Yellow, large, 81 271%ay
! 30i small, 81 3214@1 80; White, 81 $50
RYE-phe market was steady at 81 goo
l so.
FUTURES
A more pronounced bear movement was
probably never before inaugurated as is the
oil
own way, and by fictitious sales or cross
orders secure lower quotations. The large
tonnage ia port ought TO favor the wheat in
terest but so far II has not. Operators say
The decline is due TO lower prices for silver in
the London and New York markets. and that
still lower prices viii rule, and that the lower
the market price of silver is sent the lower
Russian and Indian wheat can be imported.
Wheat-Morning-I Informal. Buyer Deem
-9et-ooo tons; - 4Os4 e ctl Seller 1892
Regular session. Buyer December-4OO tons,
81 4o5$; 500, 81 4o}2; 400, 81 aQ}4 ell
seller 1892. new-2OO tons, 81 800; 700,
Barley1Informal. December 900 tons.
97$c. Buyer December-1Co tons, 9S12c
Regular session. Seller 1892, new-1oO
tons, CSC; 100, $3.50; 100, 92t4c; 100, 923sc
p ell. December-4Oo tons, 97@4c; 700, 9725c
Afternoon-Wheat-B December-2oo
tons, 81 4O54. Seller 1892-5o0 tons, 81 354
Barley-seIer 1892 new-2oo tons, 925lc;
leo, 923sc; 200, $3.50 2 ctl.
EASTERN AND FOREIGN.
New YORK August 18th
Wheat-S214c for August S356c for Septem-
Der and SG14c for December.
CHICAGO, August 9TH.
Wheat-7625c for September and 79}4c for
December.
Wheat-Cheaper 10 sell. California spot
lots, IS 1Od; of coast, 34S just shipped 34s
Sd; nearly due, 34s; cargoes of coast, quiet;
ffafs ATsp-
quiet; French country markets, mostly turn
cheaper; weather in England, hot.
FEEDsTUFF.
Receipts-Bran, 2,94o sacks; Middlings,
$50 sacks; Hay. 722 tons; Straw, - TONS
The strong bear movement in Wheat and
Barley appears to make operators in ground
iced offish. The market was quiet. The market
lSquOted as follows: Bran, S16@l7 2 ton; Mid
dlnSs, SO 5O82I; Rolled Barley, 5000
I SO; Feed Meal, S2S@29; Cracked Corn,
$2G@3O.
STRAW-The market is quotable at 45a55c
q bale.
HAY-The market was quiet and barely
steady, with concessions made on forced sales.
The market IS quoted as follows: Clover, SS@
10; Alfalfa, S7@9; Wheat, SS@12 so; Wheat
and oat, S7@11; Barley, 5000; oat, $500 80
z ton.
DAIRY PRODUCTS
Receipts-Butter, $50 ctls; Cheese. 80 ctls;
Eggs. 3 ,05O dozen.
BUTTER-rhe market was weak, and ir-
regular. The hot weather caused dealers to
buy as little possible, while commission
merchants are more anxious to sell. The
market is quoted as follows: Poor to fair
11@19c; good to choice, 20@22c gilt-edged
Dairy. 23c; choice to giltedged Creamery, %
CHEESE,-The market was steady. We
quote: skim, 5@6c; Cream, gIlt-edge, new
mild 9156l1 0c; good to choice, S09c: fair to
good, 715@Sc: Young America, 9@I0c boxed
Slightly higher; Eastern, l2@i4c 2 ID.
EGGS-Ihe market was steady. Dealers
claim that with cont nuance OF hot weather
strictly fresh laid from nearby points may
ia 81 iua 1rrifsa
follows: store and Ranch Eggs. shaky.
12@13c; las is 15@l7c; Candled, fair to
good, 1s@22c; choice, 23925c; strictly fresh
laid, mixed sizes. 2SQ29c; selected lar2e-Sized
ind strictly fresh-aid, white in color soc:
Eastern, 14@1Gc las is" 1S@21c tor Can
died, and 22@24c 2 dozen for welI-known
packs.
Receipts Potatoes, 4,619 sacks; Onions,
Garden truck was essentially unchanged.
There was fair shipping demand We quote
as follows: Green Peppers, C4Iles, 2O935c 2
box; Bell Peppers, 200 soc; Egg Plant, 4O@
60c Tor large boxes; Cucumbers, 15@35c q
box; summer Squash, 45@55c; Tomatoes, 15
@3Oc for River; Dry Peppers, 10@1ic; Gao
base. 100000 2 ctl; Feed Carrots, soc; Tur-
mus, Ioci Beets, &C; Parsnlps, 81; Garlic,
lose = 10; Green Corn, 30@5Oc g sack for
BBSerkeley; 2o@65c for Alameda; Green
Okra 4U@6oc q box: Lima Beans, 263c q ID:
FOOT vegetables sell for less money tnan
quoted ana very choice at an advance on out
side figures.
oNIoNS--Sales were made on the wharf at
the lolloWing prices: Red, 15@25c; silver
PQTATOES-The market was weak for off
SfauSS Out AIRY strong Tor choice. We quote
as follows on the wharf Burbanks in sacks, |
5o9o5e Tor river, 75c@S1 for Salinas: Peer
less, 50@65c; Garnet Chile. 50m70-: Early |
Rose, in sacks, 45955c Poor ssII Ior less |
money IMAM the lower quotations. and very
choice at an advance on the outside Quota
lions.
Sweet Potatoes were quoted at I1lg215c p ID. |