The San Francisco call., 1913-10-31
LOCAL AND GENERAL FINANCIAL AND COMMERCIAL NEWS
iCAsH PREMIUMS
| HARDEN ON CORN
Large Short Interest in De-
cember Reported; Wheat
BuIIiSh

| CHICAGO, Oct s1.-Corn trsders are
| impressed by the hardening of cash
premiums, although they are not high
for old corn at this time OF the year.
! put they are better than they have
been. One thing that created comment
among the bulls was the selling OF
s9'ovo bushels new No 2 mixed corn
made In December and January.
sale of $1,000 bushels Old No. 3 yellow
was wa made on the cash grain call here
lers are bidding 35zc under December
Tor new No. 3 yellow, year shipment,
and 4c under for No. . mixed. The
| gossip is that there is large short
interest in Decembez and that there
win have to be some hustling to get
Sentiment in wheat is inclined to be
little bullfsh on the theory that the
pressure from hedgers is light and
with the Argentine crop scare season
on that the bull side is the safest on
all breaks. The price is not high and
| the trade Is in a remarkably healthy
conoltlon. There are a few profess
sionals, however. who are disposed to
sell on every bulge on the belief that
down by the advance.
BRooMHALL's GRAIN CABLES
LIVERPOOL Oct. 31.-The growing ten
deency toward frmness In America and fear Of
lighter Canadian offers stimulated support at
ene opening and prices were unchanged. these
close Following the opening there was urgent
covering by shorts. and prices advanced
y old, with strength In December, in which
offers have suddenly become tight. Firmness
| IN spot and hrmer Manitoba offers, with pre-
dictlons Of light worlds shipments other than
America, together with unfavorabe reports
from India and apprehensive condition IN
argentina. were responsible for the advance.
AZ l;50 the market WAS strong and %4Z
higher. with good support in May
:, Corn opened unchanged and later advanced
y. The closing hrmness in Buenos Aires,
light Argentine shipments and strength in
wheat held the market in the face Of large
supplies here and u decline IN spot.
Indications point to continued light worlds
shipments other than America India Is buy
ing at the Punjaub to supply native demand
owing to the bad outlook IN India. Russia is
shortly come to close, and with the closing
of navigation on the great lakes viii curtail
Argentina is Of paramount Importance.
Buenos Aires-Wheat is quoted at 9J5s for
January and md e21a for February. both new crop
opening. with shorts covering.
Weekly Argentine shipments: wheat-This
eos %ese Goo 2os eoo last , week 5000 last year.
week. 3.447 200: last year, 7.76i 900
Estimates Of worlds shipments this week.
| exclusive OF North America. 4.S00.00o. Total
shipments last week amounted to l2 606, 600
bushels and last year IL 600 bushels.
THE COTTON MARKET
LIVERPOOL. Oct. 31.--Cotton due 12H
lower on October and e1a@s lower others.
Opened quiet G@T lower. At 1915 p. nl
steady, 81 G6H lower on and si6@ @5
lower on late. At p. m. market 1AM3
lower than at 12;15 Spot quiet Z lower at
7.63d. Sales 5000. including 6.000 American.
NEW YORK. Oct. 31.-Due to open
changed to lower Port receipts today esti-
mated at $4,000 bales; last week 90. TO: last
! year, 69.212. The weather bureau says i'm
portant temperature changes are indicated for
any part of the country during the next 4S
hours
SAN FRANCISCO BANK cLEAR1NGs