The San Francisco call., 1904-08-16
Wheat and Other Grains.

wHEAT-LiverpooI futures were higher.
The worlds shipments for the week were as
gentine, 211, 600, Indian. 1900; Australian,
26. coo
Chicago was still erratlc and huctuating, as
will be seen. Bad reports were still received
The Chicago wires Of r. Brent Mitchell said:
''The tone is very unsettled and nervous, but
to-day IL Is a strong market. Crop advtces
from the Northwest OF the same general
conflicting and confusing character. snow
report from the Red River Valley was quite
bullsh. Some OF the other crop experts in
the Northwest also sent bullish reports On
the other hand. there is conEidera bic modifca
tion from sections Of previous damage reports
and a great many from sections where the
wheat is good. The strength in corn was no
doubt a factor The small increase in the visi-
bic supply was also an influence. We think 1t
should be kept in mind however. In consider
ing the latter, that the present demand for the
recent large movement which has come from
the elevator people and the graf bulk OF the
accumulation has doubt gone into private
houses and does not show in the visible sup
ply Cash markets We're little nrrner ana
good grades OF wheat are still at some pre-
MUM. This is easily accounted for by the
fact that, having been bought by elevator peO-
pie and hedged. they are only disposed to let
go OF Il where they can get a premium. We
think II reasonable 70 expect a free move
the fact that the worlds situation is this year
bullish wheat and that own domestic
situation contributes TO this, yet we rather
feel that with the free present and prospective
movement and at current prices conservatism
in buying IS wise
In this market futures were higher with
heavy trading around 81 46. The cash grain
CASH WHEAT.
California Club 81 4OG1 As; California
white ss''' Australian. 81 55G1 57l5; Northern
Club 81 4Oa1 as; Northern Bluestem, 81 5215
al 5711 per etl.
Session TO II 80 a. m
December 9Ps5 s5 81 Hsa 4as 81 L2T 2S 81 rSss Is
p. m. Session.
Open, High Low. Close.
BARLEY-The futures were higher. without
much trading The cash grain was quiet and
unchanged. with offerings rather larger.
CASH BARLEY
ping. 81 i2Fgi III: chevaiisr. 81 i43s9I 50
per ctl.
Session to II 80 a. m.
December 81 pSs os4 81 oss 81 0sl4 81 Ss oss.
December Gpes es 81 HEh ds. 81 Ss 81 rlSss 6s:
OATS-The market continues quiet. but held
with steadIness, and holders make no conces-
sions TO buyers.
The Eastern markets are STRENGTHENING. as
will be by the following Chicago wires
TO r Brent Mitchell yesterday: Strength
is largely in sympathy with the advance IN
corn. There is no weather TO hurt oats and
very few complaints OF damage except by
T rust in the Northwest The movement tS lib
I eraI. There is a good deal OF speculative buy
ing, however. on the theory Of relative cheap
/ ness rs compared with corn and a probable
4 European demand account OF shortage in
/ those countries
/ White 81 40d1 As; Surprise. 81 45G1 so
! Red. 81 2T1ad1 35 for feed and 81 35al 81.
/ for seed: Black 81 25a1 35 for feed and 81 Al
al IS for seed.
I CORN-Dullness still characterizes the mar
/ ket and quotations are unchanged. Western
crop reports are showing a rather less brillian;
aspect, as will be seen by the following Chi
! cago wires to r. Brent Mitchell: The
/ weather map showed rains Of Importance in
I the corn belt. and this the Of tbs
/ advance. Complaints continue TO from
the Ohio Valley and from parts OF Missouri
/ and Eastern Kansas and a few points in Ne
/ braska These complaints far consist o.
! the need OF rain and more in the way Of ap-
/ prehension than actual damage They suf
fcfent however. I broaden speculative buy
ing frightening shorts and advancing the price
/ In the meantime there increased offer
ings OF corn 10 this market. but from othe
| sections than those above noted The actor
| OF the market viii certainly depend on tn
! question Of rain or no rain"
/ Western sacked. 81 471hQ1 so for Yellow an
White and 81 45G1 An for Mixed; Californi
| large Yellow. 81 5od1 57lz: small round do
81 55dI 6215: White, nominal; Egyptian. 81 3
1 al 35 for White and 81 2591 80 for Brown.
| RYES1 25q1 80 per ctl.
BUCKWHEAT-Nominal at 81 T5Q2 per ctl