The San Francisco call., 1913-08-31
GRAINS ADVANCE;
BUYING L|BE RAL
Corn, Wheat and Oats AL
Show Upturn on
Good Reports

CHICAGO, Aug. 30.-All grains ad-
vanced today. liberal buying in antici-
patton Of the two day hoiiday-Sun-
day and Monday (Labor day)-creat-
ing strong and active market.
Corn, the most active of the grain
pits, made net gain of x TO &c;
wheat rose Is to ss and oats finished
with an upturn of IS to &c; provi-
sions closed irregular, 1914 015c lower
to lac advance.
In addition to buying of corn by
shorts, the market was strengthened
by higher cables, by estimates that
OF 4SS, 100000 bushels, as compared
with last years output, and by the
fact. that offerings We're comparative
ly limited. September quickly adj
vanced to 73c and December to 691s
Both options showed firmness and.
except for a few small reactions fol-
lowing profit taking sales, values held
up firmly all day, closing at or very
near the top.
Firmness of cash corn also helped
futures
Some experts predicted that corn
prices next winter and spring VIII
break all records.
Wheat was helped by firmness OF
corn after q rather easy opening on
weaker cables and forecast for good
weather.
changing of large holdings Of Sep
tember to December. This helped
support prices for the deferred
months and yet did not materially
renewed talk of considerable export
business in prospect.
Primary arrivals of wheat are be-
ginning 10 show the effect of de-
creased sales by farmers, who are
holding for better prices.
Oats were helped by flrmness Of
other grains, but trade was not large.
Provisions were dull and lower ex-
vance in the September delivery on
heavy covering by shorts.
j. G. Wilson's Grain Letter
CHICAGO, Aug. so.-There was con-
siderable activity in wheat in view
forthcoming extra holiday. There was
apparently a great deal of changing
of September holdings to deferred
months, the process resulting in some
firmer markets for deferred months
and not materially easing September.
Foreign markets mainly easier and
private cables claiming considerable
Generalization at Liverpool due to
liquidation by weak longs and pres
sure of lower priced Russian offerings.
Cash demand here has been a very
small affair.
Northwest is claiming the attention
OF buyers, as DulUl0 has ICduCSd
prices this week and had sold con-
siderable export grain. Winnipeg is
also getting attention from foreign
buyers We are rather of the opinion
that the hardening of the winter
wheat position and the strength In
corn and oats situation will Offset the
effects Of the spring wheat movement
and advise continuing conservative
operations on the lond side. Cash
wheat sales. 190 900.
Corn market has shown strength
from the start. Offerings have
been limited. most longs appar-
entity more disposed to buy more
on the weak spots while selling on
bulges, while shorts have shown un-
easiness about the going over the two
holidays without covering. There has
been no increase today In sales from
the interior, but the trade notes the
! increasing arrivals and there has been
some shading off of the current pre-.
miums. Shipping call light. lnglls
| figures on yield was called bulilsh-
Oats have shown little more nrm-
ness today. September liquidation APP
parently being far advanced and pros
pect that the fair deliveries expected
| Monday will be we'll taken. Deferred
! deliveries not showing as much
| strength relatively as corn, but gen.
| eral market nevertheless stronger.
| We think oats are purchase
IngIis' Corn Figures
| CHICAGO. Aug 30-John Inglis
/ estimates the corn yield for 1913.