The San Francisco call., 1897-08-14
Yesterdays WHEAT MARKET

SAN FRANCISCO, Aug ! g. 1897.
The following resume of the wheat market is
furnished by h. A. Bresse, Produce Exchange
grainbroker, Az Pine street:
San Francisco.
9l5 A N. SESSION.
Stronger cables had little affect upon wheat
prices this morning Liverpool reported buyers
less active. Dec mber opened at 81 491a so at
81 1855 and closed 81 4914 May, 81 4s14.
1915 a. NJ SESSION.
Chicago wheat market showed depression.
Local crowd inclined toward the short side De-
cember nominally unchanged from tn e previous
session. May, 81 4S7s. December barley, 9334c c.
11:15 a. NJ. SESSION.
Continued weakness in the Chicago market
posed TO allow the market to take care OF itself.
They have been paying higher prices in the coun-
try than M arkets. abroad Justify. They are evi-
IDENTIFY tired OF the risk. December opened 1T
ST 4S1a, sold at 81 A. ss closed at ST. 1855
NAV. 81 4S3s. December barley. $3.50, closed
at csc.
Chicago wheat advanced 14G3sc on the curb.
reports of a cargo OF wheat taken from New
ness wheat In he local market became strong r.
December 81 4o; May, 81 40 December barley.
93c
Chicago.
After a storm comes another Yesterday the
shorts were kept walking in the air, their ballast
had been lighteIed. The bulls were carrying the
MONEY sack. To-Day matters cnahge0 The
shorts were top and the 10 rgs falling over
each other in order to get out OF their wheat with
cut l. Al first conditions pointed to nj her
market to-day. Liverpool cables reported VIII at
one prnny higher. whl, h strengthened the early
curb price from S234c to $500 for september
wheat
Just before The regular opening private ad vices
received from Pars. giving t feeling in
wheat as inclined weakness. This news robbed
LivernooI of all its glory 4 he opening vas easy
at S234c TO = 5Sc for septenlber Prices worked
betwe S25sc and S3c for the FL st fl min
utes Of the market, after which prices advanced
S35sc crop damage repor.s from the spring
wheat country.
AT the advance there appeared a food of fong
wheat for e.. Before these offerings were alb
sorbed the p rice of Septem ber had declined to
Sic; just before the close rally of 12c took
place.
Receipts at primary points continue small,
spot over Septembe wheat somewhat re-
duced to-day. Yesterdays advance rather shut
off export buying. Holders were disposed to meet
a midd e ground basis in transactions to-day
Paris was not much in evidence in the spot mar
ke Liverpool reported cargoes less active, with
BUYERS and sellers apart
The most buliish factor to-day was the condition
throughout the Northwest Too much moisture
is causing immense damage. Especially is this
true in the Red liver Valley where the lands arr
low and fiat. There is very little drainage, alb.
sorpion being necessary 10 take care OF the
1t is evident that The returns from spring wheat
threshing will fall very much below ear ly esti-
mates. England and France are beginning to a D.
preciate the fact thai Americas wheat crop has
been greatly overesti mated. Wheat which wa
sold to-dav by scared holders fell into strong
hands he bull clique who have been operating
in wheat so ,uccessiully of ate were good buyers
OF september under SIC Today.