The Detroit times., 1909-06-22
Markets and Finance
GRAIN AND PROVISIONS.

llf l. June - i0St--lle
Kansas state report makes the con-
dition Of wheat -, and coburn, an
authority there. estimates the crop az
rs 100000 bu. all OF which Is bullish
Some Chicago shorts who sold on the
recent Kansas outlook have covered
and so have some OF the 50. Louis
crowd who helped TO put prices down
last week Exporters are not con
! tracing 10 sell wheat 20 foreigners,
because they are not able To buy In the
west There IL n good foreign demand
| Early evidence goes TO show that farm
ers will not he IN hurry 70 sell their
| crop. but Will hold and market little
/ AT a time. They are tuned up 10 high
] prices aad Will be slow 10 sell at a de
| cline. Coburn says thousands OF KAN
sas farmers who. up 10 few weeks
ago believed that their wheat fields
| were practically worthless. are now
looking for fairly good harvest He
will be harvested. The market here
was dull and closed lc OF for cash
wheat. isc OF for July. unchanged for
september. and he higher for Decem-
Wheat quotations-Cash No. 2 red.
81 - July opened nc up at 81
and closed at sI.isA september opened
at sil0a lost ~. advanced 10 sl.l0is
and closed at tll0k December opened
az Sill: gained ns, declined IL 70 8 g. Il H.
No. l white. tii4
Cash No,-2, 16tac, No yellow, car
at Ilec, closing at 7!1e
coo. September. 45t.c.
Rye-Cash No. ?. s2c.
Beans-Cash. $3.50. October. s?o5
bid
Ciover.eed-Prime October. s6.s5,
March. 81
Receipts in the Detroit market on
Tuesday included I car OF corn and
OF oats Withdrawals were ss3 hbls OF
-four and a.Tl4 bu OF corn. Stocks are
2l6.9a0 hu OF wheat. GLASS bu OF corn.
4724i bu OF oats, l.sss bu OF barley
Wheat in Liverpool closed sGId
and corn y aid higher.
Receipts OF wheat at Kansas city
were cars. against al year ago
81 Louis wheat receipts 5000 hu;
year ago. $4,000 bu
Northwestern wheat receipts, i5T
cars year ago, 26S.
European wheat visible. l.Il.,O0- ou
decrease last week.
Exports OF wheat and -four on Tues
day 100000 bu.
Tuesday. 100000 bu. year ago, $4,000
bushels.
CHICAGO GRAIN LETTER.
Reported for The Times by Carson.
Craig s. Co: Wheat-There was
burst OF strength at opening IN wheat
closing figures OF Monday. July sold
sIIi7s September, s. osfs. Prices have
been back since under proNt- taxing
and n little bear pressure 10 sllit
and s10siz Market now within sc
OF top on rally Weather over entire
winter wheat belt too wet for early
harvests for maturing crop. North
west receipts more than Zoe cars short
OF same day last year. Minneapolis
decreases stocks $4,000 three days and
mills there ordered i35 cars from ele-
vators this morning. Secretary Coburn.
OF Kansas. calls harvest promise OF
state $4,000 coo. but the smart bears
here claim 20 figure crop OF 100000
10 $4,000 600. using Coburn figures on
condition IN acreage Trade surprised
by the Liverpool strength. Exporters
at Seaboard claim 20 be getting no Of
fers OF new winter wheat and for this
yeason can make no sales aboard.
although inquiries are numerous.
, CHICAGO. June o2--July wheat
opened &c higher at t.l+as Corn
opened at &c and oats az 5iisc. both
slight advances over yesterdays close.
Trading in futures limited
Noon-Wheat and oats slufnped frac-
tionally during the forenoon Corn re-
manned the same
Wheat closed dull and weak. Corn
and oats eased on az the close.
Reported FOR The Times by Hayden,