The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1897-08-04

SAN FRANCISCO, Aug. 8, 1897
The following resume of the wheat market Is
furnished by h. A. Bresse. Produce Exchange
grainbroker, 412 Pine street:
San Francisco.
a:l5 NJ. SESSION
Wheat opened strong, with many good buying
orders on land for outside account. outside spec
ula.ion is growing rapidly, which is undoubtedly
the result of good prices making the money mar
ket easier December was wanted at 81 4S1a,
against 81 1855 on the urb yesterday afternoon.
At that time Wheat was drug on the market,
with buying orders well spec ulation closed.
Wheat strong, December 81 1855 May, nomi-
nally, 81 30. Decem Der Bar ev, sales.
1915 A. NJ. SESSION.
Strong closing cables both from Paris and Liver
pool caused a very strong Wheat market. Cond-
lions point to 81 90 for De ember during the day.
Decembrr opened at 81 40 and closed at 81 491A.
May, 81 5O, after selling at ST. 5O14.
11:lb A. SESSION.
Chicago Wheat closed strong 11ac over yester-
day S close. Just before the opening Of this ses-
SION Decem Der Wheat sold at s. 1891 and May at
81 81. AT The opening of h. session a feeling OF
depression seemed to overpower ira :ers, for what
very much as II 1t were going through still.
Buyers seemed to have deserted thu snip. Brokers
with sci ing orders were unab find purchasers
unit Decemb had fallen to 81 4712, where a halt
w called by the caller sounding me gong, which
probably stopped a further break.
May closed at 81 ASH. Dece Der barley opened
at SAC and declined to 81 SO +, closing at 9214c
Wheat looks about bottom. No reason for the
break.
2 P. NJ. SESSION.
Wheat was in good demand at the afternoon
session. Buying by prominent shipper scared
sh orts Tito covering and restricted their trading
Decemb Der wheat opened at 81 4S8a declined to
81 1914 and advanced to 81 4S34 with May at
81 40 12 at the close. Barley is very much of the
"rubber ball" order. Offerings were liberal but
buyers scarce. Decemb closed at 9OS4c,
against 941Ac at the morning session.
Chicago.
Liverpool markets for wheat opened with
strong advance this morning compared With
the close on Friday last after wing enj 'yed two
DAYS holiday. Paris reported wheat and flour
higher and excited. with farmers deliveries prac
ticaly nothing
The only favorable news which came from
France was brilliant weather.
Liv' rpool importers m AIDE anxious inquiries re-
gardng conditions on this side While the r.ng-
lishInen we're inquiring French importers of wheat
We're buying right and left at all At ant1c ports
New YORK report ed 100000 bushels of No. 2
red winter wheat taken at three Atlantic ports 10
day for account of the continent not far from the
market quotation.
Min eapolis reported rains over the spring
wheat country, which would result in much dam
age.
At the opening this morning there strong
undertone to the wheat mark l. september
opened at 76@7614c, declined TO 1886, advanced
TO 761ac and declined to 1890, from where the
price worked up 10 7714c with reaction 10 TIC at
the close. december closed at 7S12c, May 1888,
S1$4c
2me crowd was disposed to fight the advance.
Their efforts at different times looked reasonably
success full. Shortly fore the close foreigners be-
gan buying again. which was more than the bears
could stand. They too turned buyers and helped
the advance along. Shorts are becoming tired and
will offrr less resistance the farther the advance
goes. heir punishment s been severe. The
sentiment other than local is bullish-