The San Francisco call., 1908-11-11
Loans, Exchange and silver
Wheat and Otber GRAINS

Wheat-Paris and Liverpool futures were
higher An Argentine cable reported the weather
there favorable, but that more rain needed
In the south. The export surplus was estimated
at 104, ,000, 900 bushels.
Chicago 15c higher and reported a big
export business.
The San Francisco market showed a better
feeling, though prices were unchanged. Futures
advanced.
Huttons wheat letter from Chicago said:
.'Bullish conditions which have developed for
some time past were intensified today, and the
trade, after hanging back in the harness as long
as they dared took a good plunge forward and
the market was given the best advance for many
weeks. Not only were high prices for the crop
established for all months but the market closed
practically at the top. Every long Of wheat
has a profit in 1t, and every who has sold
short faces q loss. The trade generally esti-
mates that there is big, concentrated holding
of from 10000 600 TO 15 00O, 600 bushels. II this
is true, 1t is wheat sold short by others in the
trade, as there has been no hedging for weeks
past BY which any such line could be accumu-
lated. We have just fairly started what is
likely to be long bull campaign in wheat We
regard the growing winter crop as an important
feature. A private report today claims that the
acreage may be cut to q 0oO.0 900 acres. compared
with 81, 900 a year ago Condition is low
large. The country is in position for bad win
ter crop scares. which will add greatly to the
buying force"
California club, 81 .671a @1.I0; do milling, 81. 20
@1.12a; California white Australian, d.75@
1.so; lower grades of California, s1.45@1 so;
northern club, s1.65G1 .671a; northern bluestem,
$1-T21a @1.771a; northern red, S1.6215 giles; tur-
key red $175G1.S so per ell.
FUTURES
1890 a.. m. Session
Open; High Low: Close
December 165 / 65 165 65
p. m. Session
No quotations.
Barley-Ocean freights are unchanged at the
union rate of 23s Cd, usual European options.
There is not much chartering. as the price of
barley is too high for any export business The
chartered tonnage in port is g. 157. against D.
s96 tons on the same date last year; disengaged,
port, 169. .620 tons, against 33 260
The cash grain has moved up slightly again
and is firm. Receipts were liberal yesterday,
being 1880 ctls. Futures were irregular. May
being lower and December rather high.
CASH BARLEY
Good to choice feed, spot, $1.4215 al .46l
common to fair, $1.35@1.40 per ctl; brewing,
81. y al .4sN; shipping s1-4715 @1.4ss4; cheva
FUTURES
10:30 a. m. Session
May-S14S
December-S1.46.
p. m. Session
May-$14s.
December .45A
ings. Red are in fair supply, with sellers firm
and buyers holding of for rain. Very few black
or gray are being shown at present
Choice white, $1.70@1.75 No. do. S1.65 q
f.70; red. recleaned, for seed S1.75@1s0; feel
lots. S1.65@1.70 for choice, 81. 55@160 for goot
and 81 50@1. .52h for common; black, for seed
So. 2.4502 65 per ctl.
Corn-The market yesterday relapsed into 1t.
usual dullness and was without feature.
| California small round yellow, nominal; larg'
yellow, $1.S5@1. 80; white. nominal; western
states yellow. sacked, S1.90; new. in bulk, future
] delivery, San Francisco track yellow. $1.60
white, 81 co: mixed. $1.5S: Egyptian, nominal
| Rye-Continues inactive at s1.45@1.5o per ctI