The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-07-17
NELSON l. MI NRO,

bushels. as against ~ 90 80 sor 1903. ana
with greatly enlarged market the price
may be locked 70 so steadily up. Euro
pean statistics exhibit the fact that from
that quarter alone the shortage l. estl-
mated al lr1sa .0 bushels a compari-
son between he two years VII no, show
a great difference II bulk. but better
price cannot help following the larger
demand. The following dispatch was re-
eeived last night BY the Post-Intelligehcer
from San Franchises:
Prospects of "A snort crop in some OF
thr wheat producing Centcrs CT the word
and the probability % 4 reliance upon Al
ifornIa have advanced tbs price OF th$tt
staple very materially during the past lew
days. Since July u there have been STEADY
advances on the local cali board for WneAt
for future delivery. and spot gram mas
shared in the good feeling IN some -Ni,alI.
July ~ the best Price obtajnahle 1or DC
ceEber was SIS al wien prics tAe
dealers closed. On the i4rh an advance OF
"a was paid followed next Gay ny iar-
taiaabis. against s.. 2ss. since the lVlh. To-
days sales ~ December amouos cd - l3.2H
tons. an increase OF 1.1e0 over those OF
yesterday.
GENITAL while dealers pay s1,&2. ana the N
dicatiOns are that the upward NOV enaent
has only commenced
Periods of Incline.
The Chicago Times Herald OF July Is
marked the periods of incline in the mar
ket which the dispatChe, since is appear
ance have shown TO be OF a constant up
ward tendency until soc was reached yes
tarday. The Times-herald OF the 18TH
says:
All of the ground lost b. wheat on Sat
urday was recovered yesterday ana me
markets CLOSED quite strong. The trade
for once rather ignored the current lnfu-
e looked 4
sense. The depleted condition OF wheat
reserves both At home ana abroad LED the
trade 10 believe that all Of this year
American crop would be in demand al
good prices. Another point when the 10
cal crowd regarded as rather Significant
Was that While numerous interests were
telling OF liberal offerings or new wheat
for July delivery all of the sales made
In the pit We're for more deferred months
The quantity Of July traded In at any time
dur7rg The day could easily have been tax
GA care II by a single broker. There was
no very heavy individual selling, IN TACT.
Of any future. The buying Was as unlu-
portant as the selling and had II deVei-
opet large proportions IL would nave be@a
harrt to ina CINE where the gram ceula
have been obtained The foreign markets
were weak and quite d.scouraglns 10 the
bull interest. Other heaissn points We're
receipts Of ID cars new wheat at Kansas
city of - 01u bushels n st. Louis aud OF
81 40 bushels al Baltimore The local ar
rivals Of new wheat We're only SIX cars,
though 81 lss) bushels were bought for July
delivery The visible supply statement
showed about the decrease antelope ted
Local cash wheat sales were Only -o.Vh
bushels for milling. and oe~p buSneiS Tor
shpme Mt The English visible supply Ie-
creased L. i03 00o bushels. The world snip
meuts for the week We're -S1."r buShels'
against 6.l51000 bushels for the previous
week and 4SST,te bushels Tor the CORE
spending week last year Imports OF
wheat and -four as wheat were 5i7'o"
bushels
KANSAS City reported export sales OF
100 90 bushels Of wheat, and the sea hoard
reported twenty-five boar loads Sold. he
ceipts al primary mdrkets SSEeSdttu
SOS -, bushels. against 4Jo~" puShelS Tor
the corresponding day last year. Septen-
her wheat opened at 65i .a652sc. or prac-
tically at Saturdays closing point. tariy
sales we're made as low a c2'sqo11tc.
there was a subsequent advance 70 o'iNt. Il
reaction TO b52sc and at the close the mar
kot was strong NJ b34Ats''sc- jury what
opened at s9tac and closed At 'nc. Decein-
her rpGned At 614e7lsC. sold from 6.c 10
6.ss GS5s.c and closed at the top.
The advance in wheat 10 SIsc was not
due 70 the government estimate which
was followed by a decline, hut to the for
eisn advices and considerable buying for
exror4. Demand IS already felt from Aus
tralia. South Africa. Brazil and even ar
eantina. while the promise for European
corn is not considered bright. The dis
position OF farmers 10 keep back wheat
for higher prices may affect the outward
movement but Atlantic exports during
Iulv flour included have been 3.ll2.445
bushels against 2954 900 last year. al
though in the same week f65a.31 bushels
~ corn went out, against l5l4.uDJ last
vaar Wheat closed 4 cents higher for the
week. and corn = cents higher.