The San Francisco call., 1897-05-21
furnished by E. A. Bresse, Produce Exchange
grainbroker 412 Pine street.
SAN Francisco, May 20, 1897

Chicago.
Wheat started this morning fractionaly lower
than yesterdays closing quotations. Early cables
were 14d higher: French markets stronger. Prices
held steady around opening quotations fer the
first hour OF the session. stronger feeling came
into the market on reports Of rust damage 10
wheat in Hungary and Austria Shorts began
covering; this advanced July to 71s4c Selling
again became greater than buyers cared to take,
resulting in a decline to Tl14c.
bout this time New YORK and Boston reported
large export engagements This news again
started good buying and advanced July to II 1s@
ciose weakened prices fractioDa ly. 7lMc was
bid when the gong sounded
The market has been hammered hard by shorts
during the pas! few days This has resulted IN an
day was by shorts. There was very little outside
interest shown. The bear clique who have been
SO prominent In the market of late were not Try
ing TO prevent prices from advancing The mar
ket is becoming very much professional
81. Louis wired later in he day that the Hesslan
fly was doing more damage in Missouri than at
first thought. This is the same old fly spectators
use every year when they run short of news The
sections whence these reports ORIGINATE not
buying wheat. This is the best evidence that no
serious damage is beng done 1t serves to ad-
vance an oversold market. other than this no inn
portance should be attached to the fly pro blem.
Bushels.
Receipts to-day at primary points. 41O 1853
Shipments to-day at primary points. ...... 2S4 959
Exports 3o2, oSo
Corn rather frmer; receipts lighter Covering
short sales was about the only feature to the mar
ket.
Oats dull. shade higher
The provision market excited no great amount
OF enthusiasm, packers and Scalpers' trading be-
Ing the extent of the business.
San Francisco.
9:16 A. M. SESSION.
Wheat opened steady; transactions small
Crowd not disposed to trade one way or the other.
Some damage reports from the Sacramento Val
ley say hot north winds caused much harm yes
terday.
Weather conditions to-day cooler. Wheat acts
heavy. December opened and closed at 81 27sA-
Nothing doing in barley.
10:15 A. M. SESSION.
Wheat opened easier, under 3sc the closing Of
the previous session. Selling became general.
Buyers were scarce. December dropped to 81 261a
besore the buying was sufficient 10 stop the de-
cline. Oherlngs were also slackened on account
OF Chicagos strength: that market suddenly oe-
came strong, changing sentiment here. reac-
tion to 81 81 followed.
11:15 A. NJ SESSION.
Wheat trading was fairly active. but inclined to
at III 27. A few sales were made early In the
session at 81 1854. The temper of local traders
was pearish. There some selling of long
wheat by holders who became tmd on account Of
weakness in wheat at certain limits the market
received good support.
December barley opened at 75c and closed at
747sc.
2P. SESSION.
The disposition of traders tended toward lower
prices for wheat. December opened at 81 26hs
and there was no change at the close. Bears have
been more aggressive to-day than for some time
were met by good buying at the decline, which
caused their retrea
Shorts have been waiting quietly for an inning
for a month more during which time longs
trade seems about evenly divided upon present
surroundings