The San Francisco call., 1897-08-21
Yesterdays WHEAT MARKET.

SAN FRANcIsco, Aug. 20. 1897.
The following resume of the wheat market is
furnished by 4. A. Bresse Produce Exchange
tiainbroker, Az Pine street:
san Francisco.
9:l5 A. N. SESSION
Wheat very strong and excited. December
opened at 81 co and closed at s. 6O9s. December
barley, 94 7sc Wheat and barley look higher
1915 A. NJ. SESSION
Strengi h in wheat continues. There is no tell
ing where the balloon may land. December
wheat. ST. 6I14 to 81 621a; May, 81 62ss, looks
higher December barley. 951ac.
1l:l5 A. NJ SESSION
Lower Chicago market starting the crowd TO
SELL December opened at ST. 6214, sold at 81 81
and closed at 81 6z14; May, 81 81 to 81 61%
Market looks higher Crowd short and will run
on any signs of strength, which touno to
come Dece mDer barley, CSC; looks higher
2 p. NJ SESSION
Wheat opened strong a: 81 81, advanced 20
81 6414 declined to ST. 63 and closed 81 63 "a
DecemueI barley 96c.
Chicago.
To-day's wheat market was the mos: sensa-
tiona for wears II is hard to saw when The mar
keL has been strong and exciting. Beerbohm
says European countries will req ire 3S4, O0O, 900
bush Is of wheat from America this year Amer
ic' cannot possibly 81 are more Than 2000O0,O00
bushels. When or where will the rest come from?
This news started bears to cover on the curb last
II
Septem Der wheat. which closed yesterday at
S71sc opened this morning at 9J1ac. advanced to
93s4c declined TO 81 S4c and closed at a3c. Di-
recIy after the close 94c bid. then 9412C. The
curb price ran up to o. b, fore any wheat could
be found Tor sale. and then ony in moderate
war. liverpool c osed 434 higher and Paris equal
to sc higher than yesterdays close. Conditions
point to dollar wheat 10 morrow. Calls Sep
tenn Der wheat sold at 81 03. New York wheat for
Septem Der d"v ry sold at 81 02 tod day, the high
price for seven years.
I he Statist of London in recent issue says:
hnrn has haan IL. ,rfa IN, y
trade during The past week, but not much, ii an :,
dimInuton of str-ngth. The trugIe between
actual scarcity afioat and in the nan S of the
trade here aud The abundance In America Con-
tinues in fact and although buyers 10
make up their minds hat higher level of values
wi probably be necessary TO attract adequate
suppl sellers seem determined to take ad-
vantage of the strength of tn ir position every
wner', ex' ept perhaps in America Occasional
induce the bellef sill held by many buyers
in Europe that the necessity immedi-
VIII cause heavy shipments cary rs
possible, re ardless of price, and that con-
sequently il there IL to be continued scarcity and
higher prices they will no: be witnessed before
Sc cond half of the season, and perhaps not even
then If the crop ia Argentina, 10 be reapei next
Decem teri nuary, prJves be large one. 1t is
quite obvious that America has greater power in
nXing the worlds price of whea than she
had before, becaute with India practically non
existent as source OF supply and with a crop in
Russia acknowledged be poor one even by
the ST Petersburg officials, the United States will
be called upon TO supply perhaps 80 Geo. 900 quar-
tiers, which Is a larger quantity than that country
ever shipped before, and a quantity viii III 1t could
hot supply even If the crop this year does reach
the extraordinarily large figure OF 600.00U 900
bushels which Is expected by many
The following estimate of the probable require
ments of the various countries, according to pres
ent crop Indications, mus; be as. OF cou rse
somewhat vague. but 1t will serve to snow how
much Europe will be dependent upon the United
States:
PROBABLE REoUIREMENrs OF IMPORTING coUN-