The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-08-10

SAN FRANCISCO, Aug 8, 1897
The following resume OF the wheat market is
furnished by K. A. Bresse Produce Exchange
granbroker, 4l2 Pine street:
san Francisco.
Gals A. N. SESSION.
Strong Eastern wheat markets started wheat In
the local market 5Sc higher than the street price
on Saturday. December ranged between 81 4712
and 81 ALA. Nothing doing in May
1918 A. NJ SESSION.
Chicago market showing declining tendencies
caused an easier feeling in the local market De-
cember opened at 81 46s4, declined to 81 463s
and closed at 81 1855; May, 81 AZ.
1l:l5 A. NJ. SESSION.
The unex pected strength shown in the Chicago
market since the previous session has changed
sentiment here somewhat. december opened at
ST ALA, sold at 81 4755 and closed at 81 4712.
While the market is lc higher than the previous
session, the undertone is heavS. The crowd is
disposed to hold back until something more as
surng than a sodawater bulge in Chi ago puts in
an appearance. December barley. 9214Q93c.
p. M SESSION
Wheat acting heavily Considerable selling by
insiders Buyers scarce Decent Der opened at
Der barley, e2c.
Chicago.
Early Liverpool cables were ss lower than Sat
urdays Close. The first m ornins curb was rs lac
for September A few nome Is before the regu-
lar openlng Paris cables arrived showing strong
ADVANCE Tor wheat flour, which gave wheat
bulls new encouragement September wheat
opened at rs to 1880, and December at / 14c pre-
MUM over september. Prices fuctuated within
a range 1s cent during the mrs hour
he visible supply showed a decrease OF 81, QUO
bushels where an increase of 10000 bushes WAS
expected.
Wheat took on strength, and September ad-
vanced TO 7614c Heavy selling at The ad vance
tie rrst half OF the last nour OF the sson. The
next thirty minutes witnessed rapid change of
sentiment. Those who We're the strongest sellers
al the decline were roaring loudly 10 get their
sales back at ! cent advance. Shorts were the
heaviest Juyers on The bulge
September c,osed at TIC and December at 1884.
st. LOUIS caused the advance account OF a
very rapid and strong advance in that market just
before the close.
bulIish, basing their opinions upon the action Of
Liver DOL. Englishmeh are no. buEng wheat to
any France has control of hat side of the
market England is evidently playing The short
side expecting TO buy their necessary supplies at
reduced prices after France has been filled up
The orange JUDD Farmer makes the spring
wheat crop SIX points lover than on July J. giving
al estimate the crop OF 225,OU00U0 bushes
reduction OF 20 1000 bushels as compared with
prev estimate.
The Government report tomorrow is being
looked forward TO with conside able interest.
A recent issue OF LIE Petit Journal (France)
says: For fortnight we have had continual sun
shine ana warm wealth r with nor, Invest winds
ideal weather for the filling and ripening OF the
OF all the grain, and especially Of the wheat
numerous complaints on the subject OF the yield of
the crop.
There are reports from some regions Of a de-
fciency of rs per cent OF an average ear, but in
other regions gard not less important ones) they
count good returns those of asst year,
which good deal above the average. These
rel orts may be e1aggerate one cannot very
well get exact idea OF the crop before a fort
light from on, when one will know the re-
suits of the thrashilgs. According to telegraph
reports the thraShings turned out poorer than
pec.ed
- he actna stocks present considerable deficit
compai ed with thoe of preceding years Mer-
chandise also being much les abundant the de-
mands which became manifest this have
especially strong.
@The repo- from the Danubian countries and
from Russia plac in sight serious deficit in
those regions, and give rise to i'm portan
buy. The role of the Untted tates i'll again be-
come preponderant this year; the American mar
keta have also unde gone sharp rise.
Elm The French provincial markets wheat has
risen to 50 centimes qunta; the holders keep
up their prlc out they have again made rather
important ffers of old what
"In the Parsian MARKET the bad of the
French crop and the reported rise all over the
world have occasioned many orders to buy, which
is both good for the spectators and the discovered
supply OF cd wheat.
sttIour has risen to 1.50 francs per sack and
wheat has gone up rs confines The French
holders were agreeably surpr sed to see the daily
rise in spite of the best pos bic weather and the
absence'of any need OF foreign wnea. although
may thought tina. during he interval from one
to another, heavy appropriations would
be necessary.
at has been said-and with reason-that the
U
but now the crop of 1896 has only been suffi-
cleni for thirteen months consumption, but it has
a left surplus which in Co. ain sections is
considerable One can therefore, say without
doubf that the last crop has been more important
than thought Adm itting that he necessities
OF twelve months grain for sowing inciuded)
amount TO 120, 10000 hectotres, that the con-
sumption for month is 5000. 00o and that
there still re lain 5, ZOO, 900 surplus (about per
ce / of he crop, arrive at the figure OF 1874,
600 900 the last CROP although the officla esti
mate was l. 100000. IL is this difference which
q been without
foreign wheat most entirely, in spite of the thr-
teen month requtf ements.
"Ihe statement which we undertake to make
i'll be very important for estimating the
actu crop, for If one supposes, for example, the
deficit between this year and last 10 b. 20 cent,
the persons who base IT on 10000 900 for asst
year will nd for this year crop OF 95,0UU,U0U
hrctolitres Deducting ~ per cent from "a
millions will leave crop Of 1O7,OOO.OO0 Tor this
year.
need heavy importations during the next season;
with the latter figure (lO7 100, 000) our need of
foreign Wheat would be very moderate, especially
If count upon the last years Wheat OF which
there is still quite supply In the country"
The iroub, vita all these estimates is that they
forget to take into consi Grafton The diminished
supply held by dealers, bakers and mi. lers. who
are used up clean, awaiting new supplies, which
they expected TO get cheaper, especially out OF
Americas reported enormous surplus this wear,
which was going TO swan them with cheap Wheat
in competition with Russia
These same conditions prevail elsewhere also,
which makes The past years crop appear larger
than figured on Evidently French buyers are
as cheap as pos tble. france will need large i'm
portation OF wheat, regardless OF paper gossip to
the contrary.
WHEAT MOVEMENT.
Receipts Shipments.
Bushels Cities Bushels.
$3.50. ........... MINNEAPOLIS ........ 11S,0SO
6l.224 Duluth .............. 6O, 3U1
1880. Milwaukee. 49,.
80 5s4.............Ch Chicago. .....-....... 500 500
142, 69U ........... Toledo .............. 2U06lS
l99 ,0U0 .........St Louis. !4oOO
2I034 1890" Detroit ........- 4l,659