The record-union., 1892-08-26
COMMERCIAL.
The Wheat Market Promises Soon to
Escape the Bears.
The Truth Regarding the Shortage
of the Foreign Crop VIII
Cause a Rise.
Especial Correspondence RrcoRD-US1oS.l

vances on Wheat going into warehouses is
quite marked. The free demand is accepted
as proof positive that farmers, as rule, are
not selling Wheat preferring at present eX-
tremely low prices TO take chances Of an ad-
vance later on. SO far in this season the
market has been settling under strong bear
manipulation at home and abroad. due
largely to a decline in silver admitting OF
heavy imports at low prices of India and
Russia Wheat. Although crop advices from
all grain-growing countries are conflicting,
yet, when Invested of interested motives, there
is not the least doubt but the shortage viii be
far greater than has heretofore been claimed,
and that after the present forced, or otherwise,
selling pressure abroad better prices Will rule
According TO the best accepted authorities
the requirements Of Europe this season will
be in the neighborhood of 100000 to
100000 bushels per week. The crop of the
United Kingdom indicates that the require
ments there viii be 3,25O,OOo per week.
In France the requirements Will be 1880
600 bushels per week. making the to
tai Of 100000 for the two countries.
The needs outside of these two countries are
indefinite but Will amount to considerable,
probably 1000, 900 week. ifnot l $50, 900,
making total of 5,500,0o0.to 100000 TO
be shipped. The United States has 100000
week, Southwestern Europe, 500, 0o0a week,
Australasia and South America 100000 a
week, leaving 500, coo to 100000 bushels
per week to be supplied by Russia India and
the minor exporting countries. Barley has
shaded of slightly, closing weak for all grades
under choice. The shortage in the crop at the
East, and also a large off in the Oat and Corn
crop viii, it is said, cause higher prices with us.
Choice to giltedged Oats have held strong
with an advance obtainable but off grades,
under fairly free receipts, have had poor sup
port. Yellow Corn advanced slightly under
fair demand and light receipts. Small Yellow
and White were essentially unchanged.
Heavy receipts of millstuf from up north
caused lower prices in our market for both
Bran and Middlings. Flour WAS reduced
% cents 2 % the past week. The lower cut
was made by a company not in the trust or
combination. Colored Beans are well cleaned
up, owing to heavy shipments to Mexico. II is
doubtful if a carload of either Bayos,
reds or pinks, can be picked up here. The
Mexican duty goes on again on Thursday,
September 1st White and Limas are in fair
supply. Hops have held steady. Buyers are
patiently waiting further adEices regarding
crop prospects abroad. The crop on this coast
is estimated at around 100, 900 bales. The
quality viii probably be good average. Fall
Wool is coming in. The grade is poor and
not desirable. ScoureTs will have it their own
way in buying the trashy. Spring Woods are
in poor assortment. Mustard Seed is coming
in fairly freely. 1t sells at 3@314c for brown
and 81 @3Isc for yellow. The crop is larger
than that harvested in 1891. In garden
truck there was an advance in Tomatoes and
Cucumbers, but other varieties we're not es-
sentially changed The hot weather up to
last Sunday induced holders and receivers of
gilt-edgeo Butter to try and put up the price
for that grade. There is an over-supply of
poor to good on the market. 1t is claimed
that there are unusually large quantities of
the better grades Of Butter in cold storage
waiting for better prices. The Eastern mar
kets are strong. The better grades of Cheese
are selling at an advance. Eastern ad-
vices report small supplies and strong
markets. Eggs have ruled irregular
throughout the week. Selected large-sized
white that are strictly fresh-laid sell in a
small way at an advance on outside quota
tions. Potatoes have strengthened slightly
under a fair shipping demand. There are I'M
usually large quantities of inferior and also
of diseased potatoes coming In. Onions have
had poor support. Sweet Potatoes shaded
off slightly. In the poultry market there have
been very few changes outside of a decline in
Turkeys. Choice stock Of all kinds is scarce,
and where found fetch an advance on outside
quotations. Live Pigeons sold as follows:
0sOO
dozen. Hog product has held to strong prices.
New crop nuts meet with good call. Bull
locks and mutton sheep have been sold at
lower prices, but hogs held up. In the review
OF the fruit market the Rural Press says that
the market was overstocked with trashy stuff
up to Saturday, but since then it has been
getting into better shape for sellers. The send
ing OF large quantities of rejected and trashy
fruitto this city does far more injury than
good, and cannot be too severely condemned.
1t not only creates, as a rule, a loss to ship
pers, but reduces the price for good to choice
fruit There was another factor which
assisted in demoralizing the market.
viz, very hot weather forcing fruit to
ripen so quickly that Gamers, driers
and dealers were not able to handle it
advantageously. One cannery at Oakland
gave away three carloads of Pears which they
were not able to handle, so fast had they rip
ened. Dealers in this city sold largely at goa
Acc. At zoe a large dryer at Davisville
bought. Peaches suffered with Pears. Choice.
firm, bookkeeping Pears held up fairly well
as did mountain Peaches, which latter sold to
the trade at from 75c to Soc per box, while
overripe and poor were hard to sell. This
week considerable sun-burnt fruit came in:
il Is worthless. Grapes coming in from So
noma Napa and Yolo show the effects of the
hot spell, ard consequently buyers fight shy
of them. Grapes from Tulare and Fresno sold
well. Muscats from around Hanford sold al
from 81 10 81 20 per box, while it was hard
TO sell consignmentS from many other local..
ties. The late hot spell did considerable dam.
age. Cables from Europe report large damage
10 Grape crops by excessive hot weather
With short crop at home and q short crop
abroad Raisins and Wine ought to do better
The market for dried Fruit has held very
strong with an advance established in Apri
Tlaa ,.l-rH l.
been sluggish, but The tone was strong. Buy.
oIs appear to be fighting to get the market
into shape to buy and not advance prices.
STEAMER MOVEMENTS,
The following vessel dates for sailing and
destination cover the outward movements in
next week:
August. Steamer Destination
29-State Of California. Portland and Astoria
30-Eureka. ............San Pedro and way port;
3O-Hsttle Gage.........Eel River and way ports
3O-Empire NanaimC
31-trogreSo 1ork
81-PomonaE Eureka, FIELDS L;ding & Arcats
September.
I-Walla Walla Victoria and Puget Sound
l-Corona san Diego and way ports
North Fork. Eureka, Fields Ldg Il Arcata
2-Oregon. .............. ... Astoria and Portland
3-Humboldt... Eureka, Fields Ldg 81 Arcata
4-Los Angeles.San Pedro and way ports
6-Umatilla....-.-Ni Victoria and Puget Sound
6-Gaelic .Hongkong and Yokohama
6-Santa Rosa san Diego and way ports
I1-City of Puebla Puget Sound q Nictorig
16-Monowai. sydney via HouoIu q AucklC
17-City OF Peking.. Hongkong via Yokohams
19-City of Panama $3.50 Panama and way ports
EXPORTS.
Exports by sea from San Francisco from
July LIST to August Sth were as follows:
1929 IS91-9s
Wheat, ctls................1,2 o4, o57 1,66S,s4s
flour, bbls .........-.--... 13s,TI7 157,49t
lRar1a otis