The San Francisco call., 1904-08-23
LOCAL MARKETS.
Exchange and Bullion.
Wheat and Other Grains.

WHEAT-Liverpool futures were higher, but
Paris futures weak. The Buda Pesth
market advanced 4c. The worlds shipments
for the week were as follows, in quarters:
Russian, 199. 900; Danubian. IS, 600; Argentine,
134 900; Indian, $4,000; Australian. SO OOO
The American visible supply decreased 235. 900
bushels.
Chicago advanced from 81 1o1s to 81 IL and
fell back to 81 0Sk. Wires from there to Cut
ter & Moseley said: 1.-The trade is getting
afraid of the price and the market is nervous
The feeling is that there should be some
E. F. Hutton & Co.'S wires said: There is
no abatement OF damage reports from the
Northwest -
The wires Of r. Brent Mitchell said: '"reIe-
graphic communication with the Northwest
interrupted and there was less crop news
hut with the general tone and character Of it
unchanged Threshing returns are beginning
to come in more freely and show a wide range
of results The London Statist estimates the
worlds wheat crop at about 200 coo 600 bushels
less than last year. The action of the market
o-day quite natural 1t may indicate
that for the time being the force of speculative
buying has perhaps spent itself. There is moth
ing in current news, however, to modify the
previous estimates OF damage to the North
western crop. There a good many con-
servative men who think the three States will
not raise than 100. 900. 000 to 125, 900, 900
bushels. We are approaching the first of Sep
tember and the question of deliveries on Sep
tember contracts must be something of a fac
tor. The movement has begun in the North
west. Some further reaction in prices Is not
unreasonable. We are inclined to think, how
ever that the way Of the short seller will not
be a comfortable one as a rule. Wheat may
an unreasonable reaction after so big an ad-
vance. We are inclined to think 81 wheat Will
not be high this year"
In this market there was good trading in
the pit but the cash grain was weak, with
buyers indifferent Futures were somewhat
lower.
CASH WHEAT
California Club. 81 4O91 471z: California
White Australian, 81 55a1 so; Northern Club.
81 42h91 46A Northern Bluestem. 81 559
o71a per ctL r1,rr7prs
Session to 80 a. m.
Open High. Low. Close.
Rsssmber Rsy n ss# g g '1 Ss '1Ss
p m. Session.
Open High. Low. Close.
December 81 52is 81 52A 81 521s 81 521s
BARLEY-Trading was dull. both in the
cash grain and futures. with little variation in
prices and the market was devoid of feature.
CASH BARLEY.
pPs Rsd '1 % 9sgi cHvas sisEqf s i9f s1 s18 30
per ctI.
Session to II 80 a. m.
Open High. Low. Close.
December 81 0sH 81 OS% 81 osk 81 os%
p. m. Session.
December-$1 oe
oATs-There was considerable sampling
among the seed offerings yesterday but the
feed market was quiet, though firmly held.
White nominal Surprise, 81 45q1 so; Red,
81 271kS1 40 for feed and 81 40q1 45 for SEED :
Black. 81 25d1 35 for feed and 81 4oG1 55 for
seed
CORN-The market continues very quiet and
prices show change.
Private wires from Chicago yesterday said
Market opened strong on the low temper
atures through the West. II turned weak
later on weather prediction of higher temper
atures There was quite important local SELL
Ing OF May corn. The general estimate Is
that there is promise at least posi-
biIity of a large crop. II get it the
price of May corn would seem high enough.
The cash situation is a steady There
are quite liberal receipts and fair demand
and prices are not far from export basis. -
Western sacked 81 471261 so for Yellow and
White and 81 1901 AN for Mixed: California
large Yellow 81 5o91 5T15 small round do,
81 55@1 62A: White. nominal; Egyptian. 81 80
al 35 for White and 81 25Q1 80 fer Brown.
RYE-$1 25G1 80 per ctl.
Observation-Disclosures at 81 1892 per ctl.