The San Francisco call., 1897-05-16

bushels wheat for export and interior milling.
Trading to-day was almest entirely profess ssonal
waiting Tor a soft spot to gather In their lines
which had been sold on Thursday at higher prices
for July The closing price IS 5sc higher than Gne
week to day.
The visible supply, basing figures upon former
calculations. sht uld decrease 00O,U0 bushels
for the week. Crop reports frnm California were
more iavorab e, giving conditions as improving
rapidly with fui ther prospects OF rain.
Receipts CT wheat at primary points. 49,. 270.S49
Shipments of wheat al primary point .19l,l8a
The Argentine reported no shipments dur ng
the wAtk. stocks of wheat n the principal ports
of Argentine are $4,000 bushels, against 2,20o,-
600 bushels ago
Corn WAS in il IS demand from the speculative
standpoint spot stuff meets easy sac. The de.
MANI Tor shipments Is growing Reports received
legardi the condition of corn planting are gen.
e. ally favorable Weather conditions will largely
Offset the de.ay in painting. here has teei an
abundant amount Of motsture; termination will
be rapid yet the crop not going IN under Halter
ing condiiio S. Fields are not being disked. hat
rowed dragged and role thoroughly as usual
and this must show in the yie:d.
Cats fuct lated within a narrow range Outside
OF Scalper5 playing for an eighth there was no h.
ing to the market. Conditions reported are
less favorable than other of the spring crops.
Seeding was pushed 100 rspid y; the ground was
too wet and the quality of the seed was inferior.
The present out ook does not promise more than
fair crop under the most ia avorable conditions.
Provisions weaker. Continued heavy re-
ceip:s OF hogs discourage speculation. Packers
are disposed to sell against manufactured so, ds
on ali advances Outsuers evincing no dispo
sition 10 try their fortunes in hog products at
present
San Francisco.
9:15 a. NJ. SESSION.
Reported rains Southern California de-
pressed wheat prices ut the opening Later ad-
wees show the amount OF precipitation 10 have
been very ALL
December opened at 81 2714, against 81 2sla at
the c.ose yesterday. ,fferings were light The
session closed at an advance of lac from opening
prices
Nothing doing in Msy wheat or barley
10:15 A. NJ. SESSION.
Wheat opened with a strong undertone. Offer
ings were extremely light BuyiIg orders were
aso scarce, but greater an selling Orders. Sell
ers did not care 10 supply buyers, except at ad-
vanced prices.
December trading began st 81 273l advanced
to 81 277s, closing strong at that quoGatIon. Buy
ers and sellers of May far apart IN their
ideas
harley was mentioned without affecting
trade. Telegraphic advices received by brokers
from interior points said amount OF rain yrsteF-
day and last night was too small to accomplish
any good.
1l:l5 A NJ. SESSION.
The weak feeling of the early session in wheat
was entirely eliminated from the marked at the
closing session. few crops of rain here and there
was not sufficient TO give be ars enough courage 10
so short over sunday.
Offerings were small at increased prices Decem.
ber opened at 81 27s4 and closed at 81 2S1s bid,
Nothing doing in barley. The week c.oses with
prices showing fair advances over these OF last
week.
The volume of trading during the week has been
large and fluctuations have been wide. Inside
SPECTATORS gradually becoming interested in
the market. The future promises an increased
trade.
1850 p NJ CURB.
Reported rains at Bakersfield and adjacent
points gave wheat easier feeling. Decent ber
bringing 81 II 5s On The curb. against 81 2S 1s
at the close OF the morniug session; 7514c was
asked for December bar.ey.
Puts on Decem mner wheat for next week sold at
81 "a: calls al 81 81.