The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-08-31
ST e01a and closed at 81 5l1a. December barley,
9l%c. Break looks about over for day or two.

ST 5O1a and closed at 81 5l1a. December barley,
9lMc. Break looks about over for day or two
2P. M SESSION.
Wheat was in better demand Shorts were good
buyers. De ember opened At 81 52A, SOLD at
81 So and closed ut ST. 1924. May, 81 So. Wheat
acts with more animatlon; looks temporarily
higher
Wheat opened weak on lower Liverpool and
Paris cable advices Liverpool declined 2s4d for
wheat Paris reported -four Ia francs, wheat 10
confines lower he local crowd sold ,, wheat
clique were good buyers Of December and were
said to be good sellers of September-at least this
eember wheat from 1850 to 8S1ac, when he
turned buyer with the Airing crowd tr'1iing
only moderate. The visible supply decreased 1855
bushels making the 70 a. visible supply oe east o OF
the Rockies l5,450000 bushels, or SO,OOO. 900
blu hels less than at the same time one year ago.
Wheat and -four passage to the Continent and
United Kingdom inc eased 100000 quarters ls,
shipments from he Danube decreased 5OO,OOO
bushels. as compared with the past seven days one
year ago.
Shipments from this port exceeded receipts by
$4,000 bushels. The stock OF contract wheat in
this market is dangerously low. Farmers deliv-
cries are small. surprisingly So Exports today
were liberal. After the close Baltimore reported
Frebchmen buyers in hat market to-day upon
liberal scale. Many limits were worked to-day.
The whole market has STRONG following on the
short side: the same is true of the long aide Sep
TENDER sold lac under Dec embtr to-day. as
against premium of &c less than week ago.
great many outsiders have been holding Septem-
Der until the last day of August In expectation OF
squeeze. The bull clique has been awe TO this
condition of AFFAIRS and consequently lowered the
market so that they might PICK up these holdings
at their own price. 1t is more than probable that
sept EN- Der will gain its former premium over De-
Gem Der after September l.
lie Petit Journal, in a recent issue, says:
1.-The weather has been very favorable the past
week, both for the continuation and ending of the
harvest But as the reaping progresses The dehcis
becomes more and more apparent The reports
from the north, w h. CHI heretofore were very hope
tul, assume now a more and more pessmistic tone.
1--WE lind ourselves face TO face with the follow
Ing facts First, last years crop and reserves ara
completely exhausted. Second, this years crop
seriou'ly deficient and estimated by the most pes
smiStic at So OUO, 600 hectoitres and by the most
optimistic at 100000 900 hectotres. Third,
ABUNDANT crop in the United states, estimated AZ
from $50, 100000 to $50 100000 bushels. Fourth,
visible supply stock and reserves In the entire
wor d exces lively reduced. The last crop must
have been underestimated for we have used up
fourteen months requirementsouto OF a years sup
ply and reserves 1t Is quite certain that last
year crop has been mpletely used up; also all
in farmers hands. This years crop yields
otherwise, since unfavorable weather conditions
have followed continuously during all winter and
spring.
'Ihe amount Of the deficiency only be
exactly given by the Governments final official
crop report. We hope that the Govern ment will
be more careful and exact than In the past so
that we shall know what we will require. The
advices from the United states still continue very
favorable. Their crop will be very large, though
less than in 1891. The Americans will be the
arblrators OF the prices this year, and doubtless
will try to get as much as possible for their sur
plus. Thu farmers masters of the situation
this year if they sell at stated Intervals instead OF
rushing their grain In lump, and will profit by
better prices AS regards reducing the duty, it is
a serious question, Tor the farming class have
suffered much the past few years that they are
entitled to some consideration. At the same
time The price Of bread would no. be apt TO go lower,
the exporting countries would take advantage
of The diere ce In dulles to increase their prices
Besides the importing of at least 60,000000
bushels will add 140 90 1000 francs to the bucget,
not unwelcome little plum"
1t will be noted that they lay great stress the
enormous reported American crop and the large
surplus thus to spare, thanks to the exaggerated
crop reports OF some of our trade journals.