The San Francisco call., 1904-08-12
Wheat and Other Grains.

wHEAT-Paris futures were higher and Liv-
erpool futures weaker
Chicago ran up 3Ac to 81 O4A but fell back
a little at the close
E. F. Hutton & Co.'S Chicago wires said:
The advance was caused by further crop
damage reports. The sentiment. however
to be changing little Northwest ad-
vices while still bad are more conservative
and the tendency now is 10 modify the esti-
mates of damage. The cash situation Is :
Large receipts and a poor demand. The pit
crowd buying on Shows bullish crop re
conditions have not improved. but gives a crop
of SOC, ooo. 600 bushels. The Michigan State re-
Is 500, coo last year. Minneapolis wired at the
close: Looks like rain for the Northwest this
afternoon and to- morrow. This will FIX the
crop "
The letter of r. Brent Mitchell said: Mar
ket opened rather sharply down the Gov
ernment report but soon turned strong and
advanced rapidly 1t was on the same in
huences heretofore. The Northwest con-
tinues to send crop damage reports. A great
many conservatives in touch with the condi-
tions in the Northwest are Of the opinion that
the damage is being overestimated. but from
the nature of the cause of the damage II is
pretty hard TO have satisfactory opinion as
to its extent at this stage Market is ex-
tremely nervous and with the light stocks ad-
vances readily on a moderate volume of buy
ing. Cash situation is perhaps a little better.
Foreign markets do not follow our advance
and to- days closing prices are higher than in
Liverpool The whole situation is unusual and
think invites very conservative advice and
This market continued quiet and easy as to
the cash grain, but futures were higher in
sympathy with Chicago. Trading was rather
better than on the preceding day, but was not
active
California Club. 81 s71kq1 4215 California
Club. 81 s7iz@I l2A Northern BIuestem.
81 52h91 55 PEI ctl
FUTURES
Session to IL 80 a. m.
December 81 Ips5s s52 81 f7as 81 4Sa 81 4s1
p. m. Session.
December 9Pss es sI Hgh ts 81 Ley Gs4 flSss tsf
BARLEY-The market was quiet both as
to cash grain and futures at practically un-
changed quotations. The general figure for
cash Feed was 81 0S%.
CASH BARLEY.
Feed. 81 o5Q1 10; new Brewing and Snip.
ping. 81 12hq1 171h; Chevalier. 81 171a91 so
FUTURES
Session to II 80 a. m.
December 81 osa 81 70 81 oS2 81 osfi;
p. m Session.
December-$1 091h
oATS-Steadily held, but not active on local
account. The inquiry for seed continues fair.
White 81 4oGi 45: Surprise: 81 4Sq1 SO;
for seed; Black. 81 2591 35 for feed and 81 4C
al 40 for seed.
CORN-Small round yellow has a wide range,
according TO age there is some two year
old stock Offering at the inside figure. A sale
of choice current crop is reported at 81 81 4
The other descriptions remain unchanged.
The Chicago letter of r. Brent Mitchell says:
1.-The Government report is fully as good as
expected and caused a little easier opening.
The confirmation Of the previous rumor that
Austria Hungary has prohibited exports OF
corn and barley is considered a very bullish
incident and contributed greatly to the
strength. Temperatures a little lower.
Country offerings are little larger than yester-
day. induced probably by the advance in price.
There is however a pretty good cash demand
/ and the demand seems equal to the supply
The Price Current speaks OF a less confident
view of the corn crop because of the dry
weather 1t is a broad and active market and
! its general tone and actions strong.
Western sacked, 81 47h91 so for Yellow and
/ White and 81 45G1 AN for Mixed California
| large Yellow. 81 5091 57h; small round do
| 81 5561 62h White nominal Egyptian. 81 &c
| al 35 for White and 81 2511 80 for Brown.
| RYE-$1 2591 80 per ctl.
BUCKwHEAT-Nominal at 81 1902 per ctI.