The Detroit times., 1909-07-17
GRAIN AND PROVISIONS.

DETROIT July 16-Close: There
was a general belief Al the opening on
Friday that the wheat market was que
for a drop OF several cents. The bull
market had run It's course. shorts had
been punished and longs mad reaped
their reward. and there was no spec
fat reason for strength. This feeIlng
was helped by favorable Northwestern II
reports Spring wheat is doinS well
and promising q good yield. While
decline was expected. there We're rev
who looked for Dig break. Wheat
is too scarce just now 10 make de-
cline OF more than few cents proo-
able. The leading bull house or chi
csgo sold a heavy line or Wheat on
a temporary decline. The strength In
wheat surprised the trade. No reason
for IL came over the wires, but " Is
believed 10 be the result or heavy Tor
eign buying Exporters have been
active in this market for several days.
The close was quiet at loss or ne in
the July deal again of nc in Sept.
and Ac in Dec.
81. 40: July opened with drop Of lc
at 3122, recovered the loss and de-
clined 10 sl.22h Sept, opened unchang
sf1ss 81 as a and ID declined iSii to :i1s1s; Dec
opened al Gil ", dropped To 81 10 y
siiiS No. red il.s7. No. white,
si4o.
coarse grain quottions; Corn, cash
No. ?. / car at 75c. closing at 74c; No
yellow. / car at 75c.
Oats: Cash No; wheat % NC stan
dard, | car at sac. sept, iSci sample,
rye: Cash No. /. s3c
Beans: Cash: Cash, 81. As; Oct, 81 II
Cioverseed: Prime alsike. s7.06
March. so bags at s. 20; August alsike.
IS
Receipts In the Detroit market Fri
a. A.. 81 A..tar 4 f,f
wheat ard OF corn. Stocks are l3l,-
225 bu OF wheat. i07.6l5 bu OF corn,
37.434 bu OF oats, i.50O bu OF barley
and 1871 bu OF rye.
ST Louis received $4,000 bu OF wheat,
against 1874. 900 bu "A year ago.
Wheat receipts at Kansas city, n
cars, year ago, 1871 cars
This weeks wheat receipts India,
2.664.00O bu; Argentina, ,G32OOO bu !.
Australia I0s.00O bu.
Northwestern wheat receipts Friday.
100 cars; year ago. 2ll
Wheat In Liverpool closed I'd lower
to sd higher and corn unchanged TO
Some OF the Chicago bulls made l5c
proft on the wheat sold on Thursday
Argentine visible supply. 10000 ou;
year ago. 100000 bu.
Wheat receipts at primary points on
Friday. 2s4,0O0 bu; year ago 900 ou.
exclusive of North America. 6.s00,OOO
bu, estimated.
Flour exports Friday were equal to
~ 900 bu. No wheat exported.
American wheat and -four exports
this week. according TO Bradstreets'
1000. 900 bu.
CHICAGO WHEAT LETTER.
Reported for The Times by carson.
Craig * Co, from Chicago, July 10:
Wheat--An hour before the market
opened today our advice 10 you was
TO look for selling drive because OF
improved weather and talk or wheat
movement, and added TO be ready with
orders TO buy wheat conserVatively if
the market Is unduly depressed. That
10 Just what we got In few minutes
after the opening, when sept. wheat
was forced of TO sl.lo and Dec. wheat
to siO7h Nearly all big houses In
the trade had their hoppers open TO
take the wheat When the early sell
ers attempted 10 buy back some wheat
1t was not there. and Sept. price jump
Atyithin a fraction OF H.l2k. The south
west markets are not getting the run
they expected. Minneapolis had IS cars
receipts today and IN s,nt sddition had to
take l2S cars out or elevators
CHICAGO. July 1.-THE wheat mar
ket opened weak at 1 10 2hc decline;
little July offered. Corn opeGnea G, weak; aaS
under general rush selling stimulated
by hne weather.
Noon: After the fret violent break
si.a2 ali morning september and De.
cember were strong. Corn and oats
CioseSTrading died out in tho whoa,
July corn closed weak; other months
unchanged Oats easod on all around
Quotation. by Hayden. stone q Co
Open. High. Low. Close
July. 81 ias 2oA bl ~