The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1895-05-25
7HeCoMMER(lAL

on the bull movement on the Board of Trade to-
day and everything closed lower. In comparison
ith-yesterday's final figures wheat finished l34c
on, corn FAC, oats 12c, pork &c. lard and ribs
21ac each.
Although the Liverpool wheat market opened I'd
lower than it closed yesterday and had rained in
Kansas during the night, the market here opened
with some buyers willing to pay 79c for July
The great majority willing to sell al 1896
the same as 1t was worth at the close of yesterday
session, ana some even pressed some wheat Tor
sale which had good profit in it at 7914c.
great deal of wheat wanted at from 7S1ac
W6c TO sc and before the early buying orders
hled the price rose again 79c. For about fifteen
or twenty minutes the price heaved up and down
III Irregular swells and depressions between 1880
ana 79c and then came crash.
Corn commenced to tumble and when it had
broken to 12c below the price it had closed at yes
terday, then wheat had sympathetic spasm and
collapsed suddenly to 7714c. The reviving iniu-
ence OF fresh buying orders again applied and
before many minutes 1t had again recovered TO
| 1870.
| The first downward plunge was due to the lower
cables, sales by longs and the execution of stop
loss orders. On the next turn it declined TO 1890
and then kept webbing lazly for an hour or more
between 7S12c and 79c. The volume of trading
was very much reduced as compared with the ire
mendous bulk of business done every day for ten
ing which there actual dizziness in the pit, but
at no time was there an entire absence of nervous
watchfuness that kept the pit filled with brokers
all alert for contingencies.
The reports from the South concerning the crops
in their monotonous reiteraton of destruction. In
addition 10 these States, Ohio, Kentucky and Mis-
souri, joined the doleful chorus, and even the
Northwest had some complaints to send about
favorable weather for spring wheat The market
hogan to weaken very much after the noon hour,
and long wheat kept coming out in heavy chunks
from that time up TO the close. That resulted in
rapid and heavy drop in the price. There were
strong fights during the decline at 7Sc, 77ac and
hnally 1880, but IL not until the latter point
was reached that the selling orders ceased to pre-
vail. There was rapid recovery to nc in the last
few minutes but at the close there were sellers at
nc and IL dropped to 1850 before the crowd sepa-
rated.
Corn-The market again suffered from heavy re-
celpts and favorable outlook for the next crop. A
good demand from the seaboard resulted in the
sale for export of 250, 900 bushels which sustained
the price early in the day. but in the afternoon weak
ness OF wheat and fine weather were the most in
huentlal factors in the end and q considerable de-
cilne resulted. The opening price for July was
o4S4c, or 14c under the previous days closing
quotation. 1t was prevented from getting very
weak while the cash business reported under
way, but gradually worked down TO 531lsc. Ii had
quick reaction to $500, which was the price at
the close.
crop damage by the weather started comparatively
long, however, weakening with wheat and corn.
There was free selling on the decline, and at times
some difficulty was experienced in finding buyers.
taken as a whole, however, business active
and sales heavy.
Provisions were weak from beginning to end.
The hog receipts are providing more than the cash
demand will absorb. and corn is weak.