The San Francisco call., 1897-08-18
Yesterdays WHEAT MARKET

SAN FRANCIsco, Aug. IL, 1897.
The following resume of the wheat market ~ y
furnished by T. A. Bresse, Produce Exchange
srainbroker, Az Pine street;
San Francisco.
e:l5 A. NJ SESSION.
Trading in wheat rather dull Crowd und ecided.
Prices will act with Chicago. Local talent IN
clined to bearishness which is not new disease
Decem Der wheat opened at 81 5214 snd closed al
the same price.
10:15 A. NJ SESSION.
Eastern ad vices poiat to a small break in wheat
pr ces shorts putting out new lines Market iooks
congested. December opened at 81 81 closed at
81 5is4. Trading light.
lI:l5 A. NJ SESSION.
The decline in Chicago wheat OF l cent encour-
aged the bears 10 press their bets Iecemoer
wheat opened 81 5 u to 81 5l$s, sold down TO
81 511s and up to S15lss. where it closed
May, nominally 81 81. December barley 9SS4c.
2 P. NJ SESSION.
December wheat opened at 81 5214 again int St
81 513s at he close. Very little wheat wa found
for sale until the price reached 531s, closing at
81 So, with May 3sc higher After the close
prices continued to until 81 5312 was reached
The Ioca crowd all at sea, one asking the
other, What is it on?" There was no apparent
cause, yet prices jumped 2 cents whhe brokers
he'd their breath in wonderment
Chicago.
Wheat opened / cent lower than YESTERDAYS IS
close. Early Liverpool cables quoted wheat "a d
higher but followed by advice' that
wheat was inclined to weakness, quotaby Esd
lower than the opening, which caused very weak
feeling the opening Septenl Der ari ed al S45 sc
to S41e rallied 10 S5i4c, and fuctuated between
the latter price and o434c ior the first two nours
of toe ssion. The Local crowd was p aging for q
break and worked to that end. a bout the noon
hour stand IVES taken by the bears, which re-
suited in driving the prices down cent from the
opening, which was cent under YESTERDAY close
Around S434c here was considerable buying by
brOE &
a nr al reaction after an advance OF cents
The position IN VIII, at is just strong as it ever
was. Naturally o an advance OF 20 Cents sellers
are round who are known 'iop feelers-" This
form of selling is added to the reCu ar short un-
loading, ther. by increasing the weight TO ft. The
market up to this time has outclaSsed is oppo-
and bids far to continue its upward course.
wheat shou not spend much Time in reaching
the dollar marx.
The orlds visible supply of wheat increased
7500t bushels, against decrease OF 4 2S2, 700
bushes the revioUs week. Russian shipments
increased 100000 bu,hels, compared with the
Same week one year o. Exports from the At
lanIic ports to-day, 10000 bu- hels. Receipts
from primary points about 25O,OOO bushels IN ex-
cess OF shipments
The demand for spot wheat to-day less
urgent premium of 1c lid over the
price OF September Kansas City quotes Min
neapoliS Hers good buyers OF wheat in that
market, occasioned by he small receipts from IN g
Dakotss and Minnesota The poor showing OF
srring wheat is causing Northwestern millers no
lille concern Their buying in southwestern
markets confirms what is vague rumor that the
spring wheat WELD will be very Disappointing
Septem Der wheat close at S35sGS334c; Dece al.
Der, S234c; May, S434c.