The San Francisco call., 1897-07-07

A recent issue OF the Liverpool Corn Trade News
in reviewing wheat supply prospects says:
'1t is evident that we cannot look TO America
for any great wheat surplus next season. She may
do as we'll she has done in the ason just draw
ing to close, but that is ali has right to
hope for from the present outlook India, accord
ing TO the final ticial data has prod -ced crop
OF u 00J,0 900 quarters This total is about 000-
600 quarters less Than the revised estimate of the
previous years famine crop, so IL is certain we
shall receive but trifing quantities of wheat from
india duri the ten months ending March, 1898.
Perhaps 500. 900 quarters will comprise India s
total exports. which is the same quantity as was
exported in 1S96-97.
The Russian spring wheat crop is yet in the bal
aDce he winter wheat p omises barely as big a
surplus we have heen able TO secure this season
J he balkan 'ntnsua has faI ed badly during the
past three or our weeks: torrential downpour,
have been prevalent all the spring In tina. part OF
damage to crops and property has been wrought
in Roumania, Bulgaria, Koumella and parts of
South Russia. This damage NAV very roS 'ibly
have cut down the exportable surplus from the
Balkan penins ula considerably.
with the loss of 2,000,0 ,00U0 or 000, 600 quar-
ters fir m this part OF Europe and the pro oabhity
that Western Europe (trance) will require 2,0U0,-
900 or 3 600, 600 quarters more than has taken
this season, tn seems no pro ,pect OF supply be-
ing abe u catch up with mad during lS97-9S.
Mhkins full allowance 10 possible incr' ase III
the visible supplies in tue u III ed Kingdom now
as compared with year ago, IL is perfectly safe
to reckon that the p esent season vii finish up
with the stocks visible ard invisible through ut
Europe and America something like 80, 100000
bushels less than at the beginni gsay 40. 900 900
bushels less IN merchants and 40 0O1, 0OU bushel s
IL SIS in ia merS' hand D."
Corn threw off its sleepy disposition today in a
manner that sent pain 10 the hearts OF 81 Hot
winds uring the past four days have well nigh
ruined the corn crop in many sections OF Kansas.
N OF alone has Kansas suffered, but Iowa, Nebras-
ka, Missouri and linois have shared in the dam
age from like causes The sho Is in found it
hard to buy at o,her Than advanced prices There
has been so much excitement in the corn pit
for twoy years
1t was refreshing to see the pit crowded to its
utmost Capacit instead of the customary scene,
that of lot OF brokers sitting on the edge OF lie
pit cutting up old money stories. he sweltering
weather had no terror fer the shorts Betwe times
they would wipe beads OF perspiration from their
brow II was day of grand victory for The bulls
and OF defeat Tor the shorts
Forty cents for corn is freely talked
IAN Francisco.
11:15 A. NJ SESSION.
The Call Board began operations again this
morning after three days of ideness. Wheat was
in good demand at prices from "a to c above
those Of Frid Y last Higher foreign and Eas ern
ma kets caused the strength
De, ember opened al 81 2l7s, advanced to 81 %
aud closed at 81 2ls4 BID.
P. NJ SESSION.
Wheat was dull at prices ruling at the morning
session. December nominaly 81 2l1s