The Detroit times., 1909-07-27
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 llttie
chance chance for hisnsr RrSss I" a's,a ,ns "ess ss
quickly reflected In "A higher markeI.
This was shown by jump OF lc at the
opening on Tuesday. when Minnear-
oils reported some samples OF black
rust. Later the market became easy
showing that little alarm is entertain
ed about the rust. The general situa.
tion Is not changed wheat Is sun
moving 10 the capacity OF the railroads
and the winter wheat farmers appear
TO be tumbling over each other IN lneir
hurry 10 sell. The market may react
because OF being oversold, but there 10
little else in the situation that Is bull
ish. The opening advance was only a
squio, and Immediately hattened OUT
shortly after the start the market ap-
peared as weak as ever.
Wheat quotations: Cash No. red.
car al 81 os closing at 81 OF: July open
ed with an advance OF ic at sos, de
sept opened AT sl.o7is. declined TO si.oa
si.osS.. declined TO fi.osia and closed
3, 8 OF No. red. h.o4' No l white
Coarse grain. quotations: Corn. casn
No. 2. 74c; No; = yellow foc Rye: Cash
No. /. soc. Beans: Cash s2.3o; Oct.
at sos. March. s7I5 Aug alslkc,
Ss25 sample alsike, 30 bags at $3.50.
oats: Cash No. 2 white. z cars a,
siss s'snsads .ssadard sept sas q so see closing
Tuesday included ts7 bbls OF hour 10
cars OF wheat OF corn and OF oats
$50 bu OF oats and $50 bu OF barley.
Stocks are iis.73s bu OF wheat. 100.6eI
bu OF corn. 25s4l bu Of oats. $50 bu Of
barley and 1855 bu OF rye.
Wheat In Liverpool closed unchanged
to I'D higher and corn I'D lower.
st. Louis rscsiyed $4,000 bu wheat
year ago, SO.
Northwestern wheat receipts Tues
day. 81 cars. year ago sls cars
Wheat receipts at primary points on
Tuesday. l.6s9,00o bui year ago, l.Oto,-
600 bu
worlds visible supply OF wheat D.
1890 bu decrease last week. 80.
Flour exports were equal 70 fl,OOo
bu; no wheat expected.
CHICAGO WHEAT LETTER.
Reported for The Times by Carson,
Craig 4 Co. July 81:
Wheat had quick; nervous upturr
nal for considerable local selling by
Armour Wagner. Harris. Winthrop ana
many other houses. After quick set
back there was a second good rally.
The market is now holding about @4c
over the close yesterday FOR Sept and
Dec Heavy local receipts Of 942 cars.
over 900. 900 bushels at 81. Louis and
Kansas city This big run OF new
wheat to fill July contracts Is the chief
depressing feature. Northwest mes
sages do not confirm any black rust
talk and do not make the mention or
II as a serious matter. but some OF the
North Dakota papers are clamoring
that this is one thing which might
turn A very promising harvest into
failure IN short time. General rains
for both winter and spring wheat SEC
tions tonight is a bull help for the mo
ment Some OF the leading cash wheat
i houses give IL out that the moveme mt
/ is likely 10 drop of after this week.
CHICAGO.
CHICAGO July 2I.-July wheat
opened / Is az nc higher and deferred
months .. alI.c higher. The pit crowd
was short and bought freely. Corn
started steady 10 &c lower. Wht at
strength scared the shorts and the mar
ket advanced all around. oats were
firmer and provisions lower.
Noon-Large offerings caused re-
action in all wheat futures, July drop
ping to $l06: Sept. TO .r.0i and Dec.
10 si.022. Corn and oats both oaseG
of also.
Close-All wheat futures dropped
sharply in the last hour and only July
recovered materially. 1t closed strong
er after touching $l.O4a. Corn and oats
both closed weak.