The San Francisco call., 1898-10-09
GRAIN MARKET ACTIVE
 DURING THE PAST WEEK
WHEAT WAS IN DEMAND AT
 FULL PRICES.
Barley Sold Above Its Actual value Corn Tried to Advance but With
 Little Effect.

Uybaa+ nrices here have been fairly ac- tive during the past week, December sell ing from $1 232s to $1 15A, closing on sat urdav at s1 179k. There has been fair demand for spot at full prices. Engush markets have rather favored buyers. Milling demand at home has been good vet not urgent. Washington and oregon offerings have been somewhat restrlcteu.
 Farmers continue to hold their crops, selling about enough to Keep the narkeI moderately supplied. The Oriental de- mand for flour continues to increase. Continental and European olds are out oI the question, inasmuch as there IS little or no wheat in California for export, at least fer the present.
 Local operators are disposed to favor the short side on rallies, sometimes pressing their bets on declines, generally resulting in a quick reaction forcing shorts to cover at a loss The market responds to bull news very easily, showing the nervous ness of the market. There appears a strong under-current to the market Whch gins to look as if wheat prices have seen sbout bottom for the present at least.
 Barley has been king for the past. month, December going to $l zoA had dde ly warped during the latter part or the week when it was given out that the rail- rates had been poriGs of Eastern barley to California There is now en route one train load of twenty cars of barley destined to Cailfornla p9lnts: % S. rs Ahs ds now being loaded. The free movement or oats from Oregon and Washington consti- tutes another factor of weakness in bar lev The time of delivery is rapidly ap- nroaching those who have been holding on to long barley bought around s1 35 to $1 40. These will be disappoin{teo as taey 9tf ferences was their goal. It surely looks as if they would get real differences ln- stead. s,4,, ,o1,i,,cr aboVe it's actual worth. Such conditions are unnatural and cannot pr9Ne success 3- ful. December d barley at, at Sl ~ VIII LOOK oeT1I The '" Chicago wheat market during the week has shown considerable strength In
 small way Deeener eR csnfs sof at on Oi7 EriSav The trade is Inclined to take the long side around 62 cents. The good foreign and home consumptlVe demand Keeps well
 The Northwest receipts are gradually growing less, showing a fair sized de- crease as compared with Iast year IMhls ms does not argue of small crop. rather that holders are not selling and will not until more favorable prices are offered. Indications would suggest 69 cents the low advance may come at present, the chances are favorable to a gradual upward tend ency The Government report on Monday wifi probably reaffirm its last review.
 Corn seems trying hard to advance. The queerest of all things is the bullish-, ness of professional traders who have had their horns on for two years and In no way do they seem able to bolster up the price Arguments of the most convincing character are given out, yet corn hovers around 30 cents The Government Agri- cultural Department estimates the crop of 1898 at 1900, 900 900 bushels, the Cincin- natl Price Current, 1,750,0 900, and the mates are about 300 0O0 900 too high. Who ever is right there seems plenty to go around for present wants. Cribbers are they have every confidence in getting their money out of their holdings so that speculators may receive some benefit well for any material advance.
 Provisions have had hard time fight ing yellow fever, which must soon cease. January short ribs are considered very cheap. Packers are quietly buying on declines, trying not to affect prices. Re- ceipts of hogs must soon show a large