The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-03-18
san FRANCISCO MARKETS.
A wHgAr cosyER os.

sAs FKAscIsCo, March III mere came
near being panic in the Produce Exchangs
yesterday. May wheat jumped from slio
20 81 i51z, and closed strong ~ ILLS. This
jump was . surprise 20 the brokers, nearly
ali of whom were on the short end, and
there WAS q Wild scramble to cover. All
this excitsment was caused By the opera
tons Of l.. w. MeGisu'iin & Co. That
firm has been buying May wheat during
the past three or four months. and yesser-
day took Ill that was offered. Ae6lanfiin
Il Co. for some time have been quietly en-
cheering . corner. and now have nearly
every operator on the board short on May
wheat. No one knows who is backing
them, though 10 In rumored that I'd Part
ridge, the Chicago plunger. who is IN the
city, IL putting up the money Nc
Giaufiin's purchases yesterday were q, 100
tons, and il il estimated that since
December last he has purchased May
wheat 10 such sn extent that bis pay
ments and margins have amounted to
more than 81 CO. oo The panic in wheat
appeared this morning to have entirely
suDsided. The highest offer on the board
this morning was ITO, with nobody to
buy 1T that price. The Discrimination to
trade may. however, have been In q meas
urc due to the fact that business in many
Offices Is suspended, owing to the ceieora-
tion OF St Patrick's day, which took
place today ~ the Midwinter fair grounds.
At the close Of the cali board yesterday
the directors OF exchange reduced the
marginal price of May wheat from 81 10 10
&i.o5. l.. W. McGlauhin Il Co.. the
chief operators in yesterdays deal, have
made a statement refusing to be governed
by the action of the directors Of the call
board as applied to their contracts Of yes
terdsy. and repudiating their contracts.
The firm, however. have deposited with
the produce exchange certified checks COW
ering the amount of their transactions.
The directors OF the exchange refuse TO re-
ceIve McGiaufiin f. Go. = check. which
amounts to si0o,000. 1t is stated that the
rules OF the exchange will compel Me-
Giaufiin Il co. to make good their con-
tracts on Monday next or be sold out.
STATE or TRADE.
Rhubarb is now coming In more pien-
tifuiiy and receipts of asparagus are also
heavier. Prices are lower for these
vegetables, but still high for string beans
and green peppers. Potatoes are weak.
There IL q wider range in onions.
The demand for oranges and lines il
very dull and apples OF ali kinds are neg
isctsd. Prices are generally weak.
Another decline has taken place on but
ter Of all grades.
Eggs are steady with occasional sales of
choice ranch above quotations.
The poultry market Is loaded down with
Eastern stock. Turkeys are lower and
prices are generally weak.
Produce receipts Flour. quarter sacks,
1851 Oregon. ,2sss wheat. centais, 8, los:
oats. quarter sacks. Il; Oregon. 1874: corn
csntsfs, 2.656; beans. sacks. 2,fs7: potatoes,
sacks. Jas; Oregon. 3,el2. onions, sacks,
10o..
sRHArsrurrs AND GRAINS
Fiour-Ws quote: Net cash prices for
family extras, N. 25dt3.S5 per bbi. bakers
extras, ~. fStf3.2 Is; snperfins, g. 4Od2G0
Wheat-The sample market can only be
quoted - nominal III t,5c per Genital for
No. I shipping quality. Speculation has
diverted attention almost wholly to call
board operations, whore a marked advance
has occurred in the May option, a rise of
u per ton being established yesterday to
the dismay of short interest At the mo-
mont it does not look ~ II the deaf were
nearer its end than IL was week or more
ago. No sales OF May wheat were recorded
todav.
Barley--Trade drsgs badly, buvers hold
ing back. We quote: Feed. 70ef 72l.c per
Genital for fair to good quality. and T3s,t
sac for choice bright; brewing, s0ts7.c
per GENITAL.
osts-Vsry little attention was bestowed
on offerings today ana transactions
were unimportant We quote: Mill.
ing, si1i.i0; surprise. N.iT,s@i25;
fancy feed, sLi2AIi.i5: good to choice,
No2'l9Lio; poor 10 fair. s0&aac; black,
nominal: red. nominal, gray, s5c6si. oo
per GENITAL.
FtsASrfAI.
Drafts-on sight. New York. per stoo.
lec premium.
Sterling bills-on London. today bank,
34sst.
Silver haTs-per ounce. 5ai ~ aa7.c.
Mexican dollars i,Gtc.