The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1909-07-28
GRAIN AND PROVISIONS.

DETROIT. July 27.--Close: All eyes
In the grain trade are now watching
the spring wheat crop. ror on Its pro.
gress depends the future OF prices. IL
the spring wheat is secured without
any any serious setback there Is little
chance for higher prices IN the near
future. but any damage would Dc
quickly reflected in a higher market.
This was shown by jump or ! g al The
opening on Tuesday. when Mlnnear-
oils reported some samples or black
rust Later the market became easy.
showing that little alarm ia entertain
ed about the rust. The general situa-
ton is not changed Wheat ~ stu
moving TO the capacity or the railroads
and the winter wheat farmers appear
to be tumbiing over each other In their
hurry TO sell. The market may react
because OF being oversold' put there IS
little else In the situation that Is bull
ish. The opening advance was only a
squib. and Immediately hattened out
Shortly after the start the market ap-
peared as weak as evor
Wheat quotations: Cash No. red
car at 81 0S, closing at $l.OI, July open
ed with an advance OF lc at 81 Os, de-
clined TO sl06 and closed at Sl:Oi
Sept opened at sl.07is. declined To sl.Oa
and closed at sl.06ls Dec. opened at
81 OsIA declined TO sl.06h. and closed
al sl.O7; No. 3 red. 'l.o4 No. white
Coarse grain quotations: Corn. cash
No. 2, 14c. No: yellow; 15c. rye: Cash
no soc Beans r,G Cash; s22 So S HSS;
AZ s7o5: March. s7I5: Aug. alslko
ss.25. sample alsike. 20 bags at SfoO
oats: Cash No. 2 white, 2 cars AT
Site: standard / car at soc. closing
at 10 Iac: standard sept, 4olsc.
Receipts In the Detroit market on
Tuesday included 467 bbls OF flour. ID
Withdrawals were 3.40O bbls OF flour
$50 bu OF oats and ESQ bu OF barley
stocks are i46.735 bu OF wheat l0Oe9I
bu OF corn. 25.54i bu OF oats. $50 bu OF
~. nd az hl of
Wheat In Liverpool closed unchanged
10 !. higher and corn. Nd lower.
ST Louis received $4,000 bu wheat;
wear ago 10000 bu.
Wheat receipts at Winnipeg 81 carsy
year ago 90.
Northwestern wheat receipts Tues
day "a cars. year ago, 3l9 cars.
Wheat receipts At primary points on
Tuesday. 1899, 600 bu; year ago. 1915
600 bu
Is9 900 bu decrease last week
Flour exports were equal to 1900
bu. no wheat expected
CHICAGO WHEAT LETTER.
Reported for The Times by Carson
Wheat had quick. nervous upturr
on opening trades. This was the sig
nal FOR considerable local selling by
Armour Wagner Harris. Winthrop and
many other houses After quick set
back there was second good ralty.
The market is now holding about -
the close yesterday TOT sept. dId
pee. Heavy local receipts OF si2 cars
over OOO, 900 bushels at ~. Louis and
Kansas city. This big run OF new
wheat TO MI July contracts II the chief
depressing feature. Northwest mes
sages do not confirm any black rust
talk and do not make the mention OF
IL as "A serious matter. but some OF the
North Dakota papers are clamortng
that this is one thing which might
turn u very promising harvest Into a
fnilure in short time. General rains
Tor both winter and spring wheat SEQ
tons tonight ~ bull help for the mo-
ment some Of the leading cash wheat
houses give IL out that the movement
| is likely to drop on after this week
CHICAGO.
CHICAGO. July 27.--Julv wheat
opened lihu2hc higher and deferred
months a 6IlLc higher The pit crowd
was short and bought freely Corn
started steady to az lower. Wheat