The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1909-07-24
GRAIN AND PROVISIONS

DETROIT July s3-Close: Many
grain dealers are talking bullish on
| wheat and expecting higher prices.
This confidence comes largely from re-
| cent heavy buying for export. Foreign
| ers took over ? 100000 bu on the de-
! cline and Chicago houses have liberal
| orders from millers for cash wheat.
| Receipts are heavy and the general
I feeling. is bearlsh. This is helped by
! favorable reports from the spring
I wheat states where wheat Is heading
out and promising bumper yield. EN-
| port tuying OF futures was active on
| Fl iday. but not enough To prevent an
! other decline. The weakness came
from heavy receipts. almost as large
AS those OF year ago. Farmers are
expected 10 quit selling when the coun-
try price gets under dolla'. which ~
not ve.y far on now al many points.
| The close was al a decline OF 20 in
| cash and July. &c IN sept. and sc In
Dec.
Wheat quotations Cash No RED
sl2 July opened with a decline OF
sc at sll3i. and declined To 3i.le.
Sept opened on ~ at sl.0si2 and de
clined 10 si.osE Dec. opened at 81 osi
touched slGss. and declined 10 90,
No red. 81 o. No. l white. si12
Coarse grain quotations: Corn cash
No ?. l car ~ she. closing al .+c'
oats: Cash No . white. cars ar )? he:
Grand Trunk. , cars at 5:c: standard
50ibc: Sept Al ne bid: sample ear at
sic Rye: cash No / S2c Aug &c.
.
erseed Prime oct. 80 bags at s1.o5
March. SIZE: Aug. alslke. IS bid. sam
pie alsike. 10 bags at $3.50.
Friday were IOs5 bills Of -four. cars
Of wheat. % corn and OF oats.
Withdrawals were 500 bhls OF -four and
hu OF wheat. i02O1s bu OF corn. 2s.0tt
bu Of oats 1900 bu OF barley and 1871
bu Of rye.
Wheat receipts at Winnipeg. 81 cars;
Northwestern wheat receipts Friday.
13i carst wear ago S43
Argentine wheat visible. $4,000 blu;
| week ago. T20 900 bu: year ago. 1873. 70
Weeks exports OF wheat. Argentina.
1888. 900 bu Australia. $4,000 blu.
Wheat receipts at primary points on
Friday es3 900 bu. year ago. l.0s4.00o
Exports OF wheat and -four from Am
erican ports Tor me week $4,000 ou'
CHICAGO WHEAT LETTER.
Reported for The Times By Carson
Craig & Co. July 20:
At the lower prices soon atter the
opening the execution OF buying or
ders placed TO take wheat on breaks
was general and market had &c raily
at once. This was followed By period
OF selling led by Pringle, RANKIN bart
lett and some OF the local leaders. Az
this writing the market Is on q c from
the close yesterday ana the 10" POM
far luQay--A Gather ttffc iot
ing the winter crop. Local. receipts are
much larger than estimated at 354 cars
with a break OF &c in Sept. price at
Minneapolis. all advices from sprlhs
wheat country favorable. Corn prices
at best point OF the morning Il Nc Tor
July and s. lac for Sept. Commission
houses a nj shorts have taken the moo
crate offerings. southwestern dis
patches claim injury TO crop in Okla
homa and western kansas
CHICAGO.
CHICAGO, July 2S-The wheat ma,
free Corn opened sc up. offerings
light Oats opened steady.
Noon: July wheat fell &c uutins
and oats eased OF fractionaly.
close All futures In wheat stump
ed badly in the last hour. closing near
the days low. Corn ana OATS were
higher.
Reported for The Times by Hayden,