The San Francisco call., 1897-05-20

by shorts working down to 7O1ac with May at q
premium OF 1sc Covering by shorts rallied July
10 7IG11 11sc at the close.
Thee was nothing of special interest in to-day S
trading. Local manipulators were disposed TO ad-
vance prices. They had taken in their shorts yes
telday arouud 7012c, evidently wanting TO re-
y ace them at higher prices he temper OF the
conditions give bulls very little announcement.
They offeud no supper from outside specu-
lators which fact is one OF great concern In aa-
vancing prices.
Weather conditions over the spring wheat coun-
try ale brilliant Kansas reports are very enoonI-
aging. Upon crops of that state shorts are build
ing their hopes should any accident happea TO
the il would have more effect npou prices
than most anything Else that could happen
Ceruain experts estimate the present crop to be
500, 600 bushels 1t wouo appear rather
~ to place estimate on the spring wheat
crop, which has not been in the ground in many
sections over three weeks The TACT remains
spring wheat i, never m ade until it is in bag.
Reports from France late In the day give
weather conditions as worse. French market
quot ttions did not seem to reflect this condition
Bushels.
Receipts to-day at primary points. 609 55e
Shipments to-day at primary points. Blu, 691
Receipts to-day at tidewater points, .4o2,aIe
cascs cargoes OF coast reported more inquiry
Corn weaker. Weather conditions most favor
aLle. Cribbers beginning TO marAet their holdings
more freely.
Oats dull, but steady. TRAILING of scalping
Character
Provisions weaker Packers Offering their prod
ucts more literally. Country buying orders are
scarce Continued heavy receip.s OF hogs does not
encourage speculation.
San Francisco.
9.15 A. NJ. SESSION.
Depressed Eastern and foreign markets did not
enthuse courage into wheat traders this morning.
Weather conditions favored an advance. Decem-
Der wheat opened at 81 271a: the next trade was
81 2714, closing 81 273s, sellers. Reports from
the Sacramento and San Joaquin valleys give the
weather as very hot. with moderate north winds.
l0:15 A. NJ. SESSION.
The session ope ned with little animation.
buVers others
limits. prominent shipper bid 81 q for 5000
tons OF December wheat one seemed inclined
TO satisfy the bid.
Barley was in moderate demand at q small ad-
vance over yesterdays gu oiations
1l:15 A. NJ SESSION.
Stronger Chicago market stimulated prices In
wheat at the opening. Buyers were willing to pay
14@1ac over CT osing prices of the previous ses-
sion. Offerings continue light, shorts becoming
strength they will start covering In quiet way
considerable short selling has been done during
the past few DAYS. Wheat in this market shows
remarkable strength cons dering the weakness
lions as yet are uncertain. The trade prefer keep
ing within reasonable limits until a more definite
basis is established
Few p edict q larger wheat crop than last year,
while others claim very much less one. These
estimates at present establish The hghttng ground.
Present weather conditions are not encouraging.
Much complaint is heard from sections heretofore
considered fortunate
2 p. NJ SESSION.
Wheat seemed to have more friends at the after
noon session. Weather conditions worked upon
the ieellngs of shorts. causing them to Change
from seller to buyer.
81 70. Reports from the interior were In favor of
longs. Tnere was quite a sprinkii' & of new buy
ing during the session. Longs not Offering
their holdings for sale even at the advance.