The Detroit times., 1909-06-30
Markets and Finance

Chicago holders TO milNers and export
ers that the old crop has been prac-
ideally eliminated as price-eontroling
factor. IL now depends on the move
ment OF the new wheat. Good harvest
Ing weather and a liberal marketing OF
winter wheat might put prices lower.
but the strongest houses In Chicago are
buylng everything onefed on the
breaks and appear ready 10 take the
crop as fast as ~ is offered. There Is
not much chance that the farmers will
sell freely at a decline, for they are all
believers in higher prices and are not
likely 10 give much aid or comfort 10
the bears. Interior millers are taking
the new wheat at good prices and glad
To get II. While some weak spots Were
encountered during the session the gen
eral tone OF the wheat market was
arm
Wheat quotations-Cash No. 2 red.
Sl.45. July opened unchanged at Sl.l1,
moved UP To slI7h. declined to sil6+
advanced to Silly and closed al si:iI;
september opened at Nls, gained se
and Closed ed AZ siis: psesmee ~ opened
at sl.13L. advanced to si.lsA. lost s.c
ssdySSneed to ST.; and closed at
Coarse grain quotations.. Corn
Cash No. 3. 76c: No. ? yellow. l car on
track at Tie; No. ; yellow. 77c. on
56ise; September. 45e, No. 4 white. l
car at 55i.c
Rye-Cash No. ?. sec asked.
Beans--Cash. s2.50: October s2.01
Cloverseed Prime October. So
March. 100 bags at sT.l5.
Receipts In the Detroit market on
Wednesday included $50 bills OF nour.
stocks are 1876. $50 bu OF wheat. 100. as
bu OF corn, 506I2 bu OF oats. s.i9s bu
OF barley and i,5os bu OF rye.
Winnipeg wires that the crop Is com
along I'm good shape.
Kansas City received - cars OF
wheat.
Wheat receipts a, Winnipeg. ss cars;
Northwestern wheat receipts on
"Wednesday, 70 cars. year ago, lt9.
Wheat In Liverpool closed a q I'D
higher and corn unchanged To Sd
lower
81 Louis. wheat receipts. 1000 bu;
Wheat receipts At primary points on
Wednesday, leS.000 bu. year ago. 2s9.-
600 hu
Exports OF wheat and rour wednes-
day. $4,000 bu.
CHICAGO GRAIN LETTER.
Reported for The Times by Carson.
Craig * Co. Wheat-Because Of some
what easier Liverpool cables and some
profit taking by longs, the bears made
a little attack on wheat az opening and
took "a TO i.c of the closing prices OF
yesterday Then the offerings dried up
and the market started up, going TO
Sligo for July 81 IL for september,
and 81 10 for December. Some selling
OF July by Bartlett and Barrcl brokers
started reaction. prices now 81 OF q
1i6N al one time y TNc under top.
Conflicting reports from Kansas. one
point reporting new wheat moving
900 bu today. other points so wet
wheat cannot be cut or marketed. On
the whole. too much rain for winter
wheat belt. Minneapolis ordered 50
cars OF wheat out OF store and only
received is today.
CHICAGO. June 30.-Wheat opened
1. lower Some long wheat sold on ac-
count OF Disappointing cables. Corn
opened easier on fine weather. oats
were easy, at the uotset. fairly general
selling.
Noon--Wheat advanced fractionally
Craig & Co; Wheat - Wheat prices
during the forenoon. Corn gained
slightly and oats eased Off little
Close-Juiy and September wheat
closed - lower December unchanged
Considerable business was done in the
closing hour. Corn and oats closed
fractionally higher.