San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1896-12-06
COMMERCIAL.
SOUTHERN COTTON PICKING HAS
BEEN COMPLETED.
The Grain Market, Foreign and Domestic,
Analysed Corn Being Cribbed
Against 0ver-Supply.
ipecial Wire To Sunday Light.


3,S20,S73 bales. Total exports, 2,443,
PAT. Total visible supply, 3,S17,979
Total American, 3,479,779. Net over
land, 417,037. Southern consumption
273.000. Total marketed, 4.510,O10
Interior stocks in excess, 43S, 324
Came into sight, 1884 Total in
sight, 4, 949,234. Northern spinners
takings, 1880.
Our weather reports indicate that
rain has fallen in most districts of the
south during the week and that at
some points the precipitation has been
heavy, The impression has in gener-
al been lower excepting outdoor work.
Picking has been virtually complet-
en- in all nut n few districts.
Purnell, Hagman Il Co.'S stock let
ter to the Alamo Brokerage Co.
New York, Dec. 5-The stock mar
ket was dull and irregular today
with the trading largely of a profess
sional character There was no news
to influence prices materially and the
bank statement, though favorable.
was disregarded because of the great
ness of the easy monetary situation.
In the railway list. attention was at
tracted to Union Pacific railway re-
ports of an early resumption of ac-
tivity in reorganization. The prices
rose over one per cent with large
dealing. A rally of about three per
cent in Il. 4 o. was aScribed to the
covering of shorts. The general rail-
way list was inclined to sag off on
profit taking by traders. In the in
dustrials. Chicago gas was prominent
and it showed decided firmness. To
bacco lost a point on sales by tired
holders. Sugar moved within narrow
limits and ended shade higher. The
market closed quiet and steady.
lamson Bros. & Co.'S grain letter to
the Alamo Brokerage Co.
Chicago, Dec. 5.-The range of May
wheat during the past week has been
from $50 to SOS. The best price was
on Monday. The bearish circumstan-
ces has been the indisposition to sup
port the market and a desire on the
part of the holders to realize, half
pending the holidays, when they hope
to buy at a concession from present
figures. Bulls have not lacked the
comfort of encouraging news, as the
visible showed another decrease.
Shipments from Russian ports were
half million less than the previous
week. Advices from Argentine were
reaSsuring of damage with a small
expOrtable surplus. Exports for the
week were 3.65O,OOO The cash de-
mand has been good and receipts
have been strikingly light, primary
points getting only $500 bushels
against 6, 100000 a year ago. with
shipments being equal to the re-
ceipts, being 100000. Minneapolis
and Duluth had a total 1856 cars
against 6.73S and receivers say ex-
ports are almost nothing from farmers
up there, the greater part Of the wheat
coming from Iowa and that vicinity,
The falling off in Russian shipments
was probably partly owing to the
present dangerous condition Of the
sea of Azon and the Baltic and ship
ments from that country in the near
future will be watched with interest.
Should there be an increase, it would
in all probability have a tendency to
weaken the feeling here, which. how
ever, is rather in favor Of falling off
ON account of the navigation closing.
The market today has been firm,
showing an advance Of IL over yes
terday's close. Gables were as much
of a surprise this morning as they
were yesterday. Liverpool closing
unchanged for futures and u lower
for spot This steadiness served to
check our decline and shorts later
became good buyers. The cash de-
mand was good, with reports that
charters for two days would aggre-
gate one-half million bushels. The
days clearances were heavy, Co.,
600, the bulk of the amount represent
ing -four.
Coarse grains have been dull and
uninteresting, with some concession
in price. The extremely low price of
corn is causing immense quantities
to be cribbed. Ten cents per bushel
is paid against about 10 cents last
season. The present price of our
May means profit to cribbers il they
choose to hedge, but there seems lit
tie disposition to do this, as they
think the chances are in favor Of a
larger profit by not selling against
their spots.
The estimated receipts Of hogs for
next week, 100000, rather staggered
the provision trade today and prices
were lower all round. There is, how
ever. a good cash demand for cured
] meats and curers were unable to keep
hp with the demand.
iFairchild & Hobson's cotton letter
to the Alamo Brokerage Co.
New Orleans, Dec. 5.-After losing
three points at the opening Liverpool
regained ~ by the close, which put
that market on a more unfavorable
basis than looked for. In the spot
the spinners took 10000 bales at 1-32
decline. In our market the trading
has been Indifferent and fluctuations
narrow. Opening prices We're barely
steady at to advance and there
after lapsed into extreme dizziness
with the market at no time showing
any animation Shorts were diSDOs