The San Francisco call., 1897-05-11

furnished by E. A. Bresse, Produce Exchange
grainbroker, 4l2 Pine street.
SAN FRANCISCO, May 10, 1897.
Chicago.
Liverpool markets opened steady at Saturdays
prices Frenth markets were not quotabe
changed. The disposition in wheat at the start
was one of irmress Prices opened at about Sat
u rday's final quotations. The first news Of i'm
portance came in the shape OF report from the
Indiana State Agricultural Bureau, giving the
condition Of the growing wheat crop so per
cent, sg aiBst 81 per cent last month. This news
fr ghIened the sboits and 81 arted them to GOVERN
July. which sold at 721sc at the opening, was
wanted 73c during the firss hour of the session.
Around this price the market hesiLated Offerings
were liberal, causing a slump to 3sg1721ac from
where a -adual advance took place.
The visible supply showed a decrease OF 2,55O.-
900 bushels, the largest during the present crop
year. Traders we're inclined to look upon the
resulted July advanced 10 7S1,5c but reacted 10
1924 at the close under realizing sales ty those
who desired to even up their trades.
tonseI vative brokers were inclined to view the
future of wheas with more favor Stocks are
becoming dangerously low at homo and abroad.
Unless present indications change ma erially, the
visible supply on July will not exceed II, 0OO, QUO
shipment of wheat during the past week:
Bushels. Bushels.
From Argentine 24O0O Same week So s32 600
From Russia. z, 1876 0O0 same week '96 4O4O, 900
From Danube. 424,000 same week '9o. /. 76s, 900
From India None Same week 98 $4,000
From Atlantic / z 80, 900 Same week '96 l 235 447
Total shipments last week 4,743,O0O bushes.
against u. 10000 bushels the previous week
Amount of wheat and flour on passage TO United
Kingdom decreased 30, 00v quarters; to Continent,
increased 20, 00J quarters
Bushels.
Receipts of wheat at primary points. 49,, ,6SS
Shipments of wheat at primary points. AIS. $50
Receipts of wheat at tdewater points 371 1886
Exports OF wheat S6,S9Z
p. SESSION.
he ,antr iusf
conditlon OF winter wheat S0.O2 May ], against
el.04 on April last
close. Just how TO egners will view this report
cannot we'll be anticipated before tomorrow,
The report only gives conditions up to May l.
Much OF the damage wheat has sustained has been
done since May !.
The condition of California is given az az ner
cent, which Is at leas Is per cent TOO high II the
report Is not more urate in gard to the con-
dtinn of other States than California it is of little
guidance.
o,C Pon =. os basis Of 5000 winter wheat
than the previous estimate.
San Francisco.
s:15 A.. N. SESSION
Wheat started the week with very strong feel
ing. Weather conditions continue unsatisfactory
valleys report fairly strong north winds tbronrh-
out the he valleys yesterday Thermometer ranged
Long operators were not inclined to allow their
profits TO shrink awar, and began unloading when
the crowd OF shorts were most anxious 10 MI their
or two sales maze at 81 27s4. from where q de-
cline followed depressing the price TO 81 ~ Good
buying set in again. causing An advance to 81 273l
Free offerings sent the price bacK 81 27aa a.
the close.
Between sessions a weaker feeling predomi-
mated. Sales were made at 81 27h. Nav was
merely mentioned. Buyers and sellers were
widely apart in their views.
10:l5 A. N. SESSION.
Renewed strength in the Chicago market caused
the session TO open in excited temp r. Decem-
ber wheat star ed al 81 z712 and quickly sold up
TO al 2S, and closed at 81 273z, with fair vou me
of business during the session.
There was more vim to the market than the
previous session. The temper Of traders seemed