Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1909-09-10
SAN FRANCISCO MARKETS
Weekly Letter From Big Grain Com
mission House Which Will BE
Interesting

The following weekly letter from
+. L. Cutter & Co., of San Francisco,
is worth reading as it throws much
light on the grain market and condi-
tiol and farmers may find in it
something of profit to them. The
promised heavy break in grain
seen coming for many weeks has not
arrived and these brokers say they
do not expect it to arrive. The let
'ter is here given verbatim:
v San Francisco. Sept. 4. 1909.
GRAlN-It has been of no use to
write circulars or post the country,
for the reason that we have been so
DEAD here with nothing doing, oc-
casiOnally trade but not enough to
bl ing passing notice and against this,
the country, who have been strong
holders have held back and 1t has
been generally a deadlock; the coun-
try for several seasons has won out
by their tenacity on holding their
stuff. rhe dealers here have been
filled up also the exporters and they
are trying to buy the grains at val
ues NEAR their ideas, hence their
general refusal to buy at the old
figures. and they almost to a unit
hold Off and talk values below even
the present markets. We cannot see
it that way. We believe barley, with
the country's humor and past ex-
periente, will prevent any decline
AMI the country holders will not
sell on any break. We would not were
we they. becaCSe in all reason and in
talking with level headed dealers
they all believe before the season Is
over, the regular seasons advance
and high prices as we have had reg
ularly for several seasons, must en-
sue. Dealers talk feed barley. at
one time as low as 1876. We consid-
er it 1877 1-2 San Francisco, and Of
fers sparingly We consider good
br' wing lao tide water, the crowd
trying" to get it lower We don't
think they will succeed. Wheat To-
cally on the Pacific Coast, we don't
cnthuse over. We think our wheat
on Pacific Coast will sell some lower
as the demand is so slack and until
| it gets TO values where buyers freely
take hold, we say dull markets and
DO demand. Our oat market, espec-
tally reds. have been pretty weak and
dull, and to effect sales, lower values
must be accepted or the sales can
not be made here. Oregon and Wash
ington have their influence, they have
and are offering and have sold quite
freely Ito arrive" September-Octo-
Der delivery to points in the interior
Of California at lower rates and in
competition with local products
which have naturally eased the pres
sure and made lower values on oats
SPECULATIVE VALUES.-Wheat
futures; nothing doing. Some fu-
lures ohtIlHS Uul buyers Keep St
for below no trades result Barley
We look to see futures" hold theiI
strength, there may be days of weak
ness but they will be but temporary
and that is the time to buy 1t. We
expect much higher values "Decem.
Der" and May" option before sea.
son ends. yet we may have our TEN.
lorary weak spells. December bar.
ley 142. May barley 147. Chicago
markets have been slack and lower
he Chicago manipulatiye crowd nov
play the bear" side until they gel
'nough bought to warrant them go
ing long" for their annual kill
ing, today they are short" and sci
at every bulge to break lower values
Yours truly.
<. B. CUTTER & CO,
Room $50 Merchants Exchange Bldg