The San Francisco call., 1903-09-20
Wheat and Other Grains.

WHEAT-The foreign markets showed little
change. Chicago reported excellent buying.
The Chicago letter of Bolton, De Ruyter & Co.
said: There is no change In the general
conditions. Cables are fairly steady and fine
weather prevails throughout the West. There
was little export business at the decline Cash
markets on the whole are rather less snappish
than for some time past. Worlds shipments
are estimated TO be quite large The market
has had four days of declining prices and
about 4 cents per bushel break Under nor
nal conditions il should have some reaction.
change. With fair movement from the in
terror, and export demand its present basis
or even with a small increase, are in
clined to think prices are likely to drag and
that wheat should be sold on the rallies. We
are now at the beginning Of a period when
stocks increase and bull markets are usually
hard to maintain. Our Mr.. Bangs saws: Bulls
are a rather demoralzed set and some of the
most pronounced out of the market at
present, awaiting the expected movement in
the Northwest. To-day Is the first day for
eigners have shown any interest and have
taken any wheat. Possibly their buying may
stop any further decline but it Is the only
thing which will tighten our market with
present existing feeling. Corn was heavy
and this only added to weak feeling in
wheat "
There was a drop OF Sc in futures in this
market. with the bears hammering prices to
get them down to an export basis. Whether
they will be able to do this remains to be
seen as the country holders are very firm
and the mlllers are active seekers for sup
plies in the country. AS yet cash quotations
remain unchanged. The supply throughout
the State is light
CASH WHEAT.
California Cub, 81 4591 52h; California
White Australian, 81 55G1 GO; Northern Club.
81 45q1 30: Northern Blue Stem, 81 55g1 BIZ
Oregon Valley, 81 521a.
FUTURES.
Session to IL 80 a. m.
Open. High Low Close.
RsSsno'r Rss 81 ts& ts& 'l tsE 81 - - 'I ts AZ
BARLEY-The week closed on a quiet and
unchanged cash market with lower futures
CASH BARLEY.
Feed 81 12hd1 Is; Shipping and Brewing.
81 20q1 rs: Chevalier, 81 20Ql 80 Tor fair TO
FUTURES.
Session to u 80 a. m.
December 81 IDf8 f8 St Hifn 4 81 La is 81 clGss is;
OATS-Closed the week with no further
change in prices and dealers reporting steady
market.
Red. 81 20G1 2215 for comnaAp and 81 25d1 S5
for choice: Gray. 81 2715 pef~ctl.
CORN-There is no change in the situation
here The Chicago letter OF Bolton De Ruy-
ter & Co. says: Damage by recent frosts is
entirely a matter OF theory, but the fine
weather throughout the West is fact that is
naturally occasioned quite general selling
There Is nothing In cash situation to stlmu-
late speculative confidence to materially
advance prices. Indications are that with good
weather receipts Will increase Corn is In
much the same position Wheat inasmuch
as il has had a sharp break. With good
weather We doubt IL any continued advance
can be maintained and think would sell
Corn on hard spots. Winters says: 1t still
looks as though Corn should be sold on the
rallies o,.oa ., ,o,,e, -
81 421s for White and 81 40 for mixed; Call
forna large yellow, 81 5OG1 SO; small round
do; 81 7og1 IS; White, s. 80 per ctl
BUCKN NHEAT-$2 25d2 so per ctl.