The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1909-07-08
Markets and Finance

ilevtd thatanY hearishness IN that chas
already been discounted tu the decline
90 tho early part OF TIE week. South-
western weather II very bad, hEtN
rains and floods and wheat I'm shock
Il being damaged There Is also nuch
huiliShnVss Ia the. action OF the tram
ers where thrcshing has been done.
They are holding their wheat The
movement continues light at thc Lead
ing southwestern markets. notwnR-
standing the recent advance IN cash
Prices. Little new wheat Is offered Al
Chicago. only 4 Jew struggling lots
from Illinois points. lae market brac'd
up slightly after the government re-
port came in. and closed Arm. The
government report made winter wheat
N2i and sprins wheat -, > The con
dition ~ winter wheat "A year ago was
sos and OF spring wheat As.t. Wheat
In farmers hands was SS.IaI.0Oo bu.
Wheat quotations fash. No. red,
sL35. july opened with an advance Of
a G. AZ sl.l5A. lost isc. and advance
10 sll6. September opened at SIM,
declined TO $40. and closed at
sliO%. December opened at sl.ila,
:ii5555 III. No. red 'h''' No white
coarse grain quotations. Corn
Cash. No. :. sSisc. No. > yellow, l car
car AZ assc, closing at &c.
Oats-Cash. No white. sac asked:
stranded 52isc asked, September. tSc.
sSsns ASH ssa IS s. S 5e,o SsNed 500.
CloNerseVd--Primr October loo bags
al sseS; March, zoo bags AT s7.oIi u
August alsike, 80 bags at $50
Receipts Ia the Detroit market Thurs
day inckded 2l6 bills. Of -four ears
OF corn and 3 OF oats withdrawals
We're 1876 bu OF corn and s.6i5 bu OF
1891 bu. or corn, %. 465 bu. OF oats.
$500 bu. OF barley and $40 bu. OF rye.
Wheat IN Liverpool closed unchanged
TO al higher and corn 'id higher.
Il ..ts.f- -
Wheat receipts at ST Louis $4,000
bu.. year ago, 10000 bu.
Weeks wheat exports from Argen-
tina, 100000 bu. estimated.
Wheat receipts AT Winnipeg. % cars
year ago, 50.
Northwestern wheat receipts Thurs
day. s3 cars; year ago. III
Wheat receipts atp rmary points
Thursday. 100000 bu.; year ago. 34l.
600 bu.
CHICAGO GRAIN LETTER
Reported for The Times by Carson.
Craig X Co: Wheat-There was a
strong turn wheat because OF the rain
and Hood news from the southwest. the
serious drought news from Argentina
and very small northwest receipts OF
IS cars After going 10 l0sia Septem
Der price broke back 10 100 rallied TO
high point second time holding 1903 /,
little over close on advance Of yes
terday December about steady after
selling both higher and lower first
hour. Trade naturally anticipates bear
ish effect from tcial crop ngures and
there has been some selling on better
weather promise southwest. Buying
on the soft spots has been OF the best
character. Minneapolis had reduced
stocks $4,000 bu. so FAR this week.
CHICAGO. July S.-The wheat mar
ket was steady 10 &c higher az the
opening. Corn opened steady with light
general trading oats trading was
light. but armer, with not nearly the
interest shown that was shown yester-
day. This due possibly To tn.
awaiting OF the government report by
traders
NoOn--Wheat remained about the
same during the forenoon. oats eased
on fractionally corn advanced slightly.
Close-Wheat recovered the earlier
loss and closed unchanged from the
opening. Corn and oats strong
TOLEDO.
TOLEDO. Ohio. July s.--wheat--
Cash. sl35. July. sl.l6hs September.
3lIlha December. 81 liza May. s1.ios,
Corn-Cash. 12c; July. Il Nc. Ssptem-
Der. 6s a G. December. 81 nc. May. s. u
Oats-Cash. 81 ne. July. 81. September,
Az. December. "a A. c. May. 45c. Rye
No. ? 79c. Cloverseed--Cash, So J.
October and December. ss 30, March. :.
Alsike. prime. $3.50. Timothy, prime.
81 Butter - Creamery. 26ia q &c.
dairy. zee Eggs. 2ic. oil and hay un-
changed.