The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1904-10-15
CHICAGO BOARD OF TRADE.
Future Grain and Provisions.

CHICAGO Oct I4-Inability OF domestic
-four mills to secure wheat suitable for grind
ing was the main cause of an advance Of over
cents a bushel in the price OF wheat options
here to-day big shortage in the French
close December wheat was up 2$sc. May
closed with a gain OF 2$e Corn Is up &c.
Oats show net gain of &c. Provisions are
For the first hour sentiment in the wheat
pit was inclined to weakness. At the opening
the December option was unchanged TO &c
lower at 81 10Hqt 10ssc May was Aqssc
lower to 1sGAc higher al 81 1oql 1O15 The
easier undertone at the start was due 70 lower
cables and to liberal receipts in the Northwest
On fai" selling Of May by commission houses
the market underwent further recession, the
Der also reacted 70 81 09Is At the same time
however, all outside markets exhibited decided
strength. The influence OF these higher prices
soon had an appreciate effect on trading here
prominent commission house was heaVJ
purchaser of the December option The con
tinued buying by this concern was largely in
strumental in starting active buying by the
pit crowd. The keynote to the situation. how
ever was apparently the great scarcity Of
wheat for milling purposes Reports from the
Northwest and Southwest were equally bullish
In that respect One message from ST. Louis
alleged an absolute scarcity OF milling wheat
there statement from neapolis that two
Of the biggest elevator companies Will handle
only 30 to 20 per cent OF the amount OF Wheai
stored last year formed cement cackground
for the general frmness- Another factor was
a report OF ST. Louis trade journal claiming
that excessive rains IN the southwest ana
drouth conditions in the Northwest have de-
laved seeding of winter wheat to some extent.
These bullish domestic advices were reinforced
by report Of the French Minister of Agrt-
culture agsregating a shortage Of 737. OOO, 600
bushels in this years crop of wheat as COM
pared with that of last year. Throughout the
latter part of the session shorts were urgent
buyers, the December option being in greatest
favor. Prices advanced rapidly until Decem-
Der sold at 81 10. May rallied to 81 l2h.
The strength was well maintained. December
closing at 81 1875, while final quotations on
May were at 81 12kd1 12A.
Clearances of wheat and -four were equal to
81 800 bushels. Exports for the week as shown
by Bradstreets were equal 10 1.35I, 900 bush
compared with ,235. 200 Bushels a year ago.
Minneapolis, Duluth and Chicago reported re
ceipts 81 92S cars against v21 cars last week
Early in the session the corn market was in
clineds TO weakness. mainly /. sympathy with
the easier tone of wheat The market lacked
buyers yesterday. and for the first hour trading
rather quiet The sharp advance in whea :
brought out q good demand for corn from
shorts. ana the result was strong market
late in the day December opened unchanged
TO k6Ac lower at 491s@49l4c to 1850 sold
off to 4s%c. rallied to 50i2c and closed at
50kc Local receiDts were 81 cars, with one
OF contract grade
The governing factor in the oats market was
the action of wheat and corn. Trading was
rather light owing to the heavy movement and
to the accumulation of stocks. After opening
hc lower at 2SS.c, December ranged between
2Sl9e and 291sc. and closed at 29c. Local re-
cepts were 95 cars.
Selling Of lard by a prominent packer was
the leading factor in the hog market. At the
close January cork was down 121hc at
S12 21k Lard and ribs were each 71ac lower
The leading futures ranged as follows:
Articles Open. High. Low. Close.