The San Francisco call., 1904-07-29
U1hedt and Other Grains.

WHEAT-Both Paris and Liverpool futures
were lower. The German crop was officially
stated at go per cent, against T6 per cent at
this time last year. The shortage in the Euro
pean crop this year Is variously estimated at
from 125. 600. 600 $50, coo bushels and the
import requirements of Europe are expected
10 be larger than lsst year. Argentine Rus
sian and Danubian shipments are expected to
decrease from now on and the demand will
naturally fall upon this country. where prices
will he made
higher consols. The private wires OF Mitchell
Mulcahy & Co. from there said: Higher
mary receipts were the causes OF the decline
Market opened sharply down. but after that
showed a good deal Of steadiness for the de-
ferred futures. July Wheat, however con-
tinued to decline under scattered liquidation.
Cash markets ali around were generally easier.
with the exception of scattered complaints
Of rust in South Dakota spring Wheat re-
ports generally satisfactory The situa-
tion Is still nervous and unsettled. So much
of the recent buying has been due to the no.
litcal situation and much OF the recent
demand for cash Wheat has been to fill July
shorts that both the speculative conditions
and the cash situation are uncertain and some
what obscured While We are doubtful OF cash
Wheat reaching the September price very soon
after the July option Is out OF the way, yet
we inclined to think cash prices may at
that time take a slump. An export demand
is out OF the question. but millers bins are
probably empty and at least fair milling de-
mand is likely. For the moment. however.
without the advent OF further political inhu-
and that some further reaction may take
place The best local sellers of yesterday were
evidently replacing Wheat at to-days decline. -
In this market cash grain was firm but
futures were lower in sympathy with Chicago.
Kansas City reported that the California MILL
ers were buying in Kansas
CASH WHEAT
California Club 81 35G1 40; California White
Australian. 81 55a1 sly Northern Club.
81 3591 3Th; Northern Bluestem, 81 S21RQ
FUTURES.
Session to IL 80 a. m.
Open. High Low Close
December 81 sait 81 Ssk 81 ssk 81 ssH
D. m. Session.
December g 9pssx pssx s. Hss ssh 81 Isw ss s. sss lose
BARLEY-There is some buying of Cheva-
lier by shippers in the interior on the basis OF
the quotations below. The Feed market was
steady yesterday. with sales OF cash grain at
Receipts were large. being over 10. 600 ctls.
CASH BARLEY.
Feed, 81 O14G1 o3%; new Brewiag and
Shipping. 81 o5ql l215; Chevalier, 81 15q1 %
pei '' FUTURES.
Session to 1880 a. m.
December 81 3poa' o. 81 % q 81 oss 81 ptSfe 81
2 p. m. Session.
Open High. Low Close
December 81 0i 81 O4 81 6S% 81 03a
OATS-A very fair demand for seed is Ap-
pearing and 5000 sacks of Red were sold for
this account on Wednesday. The local demand
for feed and milling is about as usual and
the market remains about as before quoted.
Red. 81 27lka1 321a for feed and 81 30G
! 37Is for seed: Black. 81 25 for feed and 81 81
al 35 for seed.
rORN-Ffye hundred centals came in from
the West yesterday; The market continue.
qUVye Western s.rn sacked, ST 45G1 47h for Yellow
81 456I1 47l5 for White and 81 As for Mixed
California Large Yellow. 81 4541 so; sinai
round do, 81 5OG1 90: White, 81 45G1 so pei
ctl; Egyptian, 81 So01 35 for White and 81 2;
| ll 80 for Brown.
RYE-S1 25a1 so for new.
| observation-disclosures at 81 1892 per ctI