The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1909-02-25
GRAIN AND PROVISIONS.

DETROIT. Feb. s4.-Close: The new
crop futures were very strong on w ed =
nesday. and made large advances. The
fields are not well protected just now
aud some Of them are covered win
water while severe cold wave is re-
ported on its way in this direction and
liable To do lot OF harm. At the same
time the July deal - found To have
been largely oversold and the shorts
have been covering for couple or
days. May Is not showing much
strength. and is considered a danger
Gus proposition TO tririe with. IL IL
liable 10 nave sudden and violent huc-
tuatiOns. Liverpool IL very strong ana
closed with big advance. The feel
ing here at the close was bullish with
nearly all deals at their highest points.
Wheat quotations-Cash No. red.
Sl.29ia May was unchanged at Sl.lS =
al the opening and advanced TO 81 II .
July opened &c up at sl.O4s. and adj
Nanced to $l.06. September opened at
9sSac advanced 10 sl.0l. and declined
TO $1,000 No. red, sl.lsl9, No.
coarse grain quotations: Corn-Cash
No. 3, Sole; No. yellow, car at
50 nc; May. 56c bid; No. white. l car
Rye-Cash No. ?. Sic bid. z
Beans-Cash. $40 bid; May, ,245
BID
Cloverseed-Prime spot. 60 bags a;
- bags at S5e0 - at So 81 at s415
! At $3.50: sample alsike, bags al
Timothy seed-Prime spot. so bags
at .1.65.
Barley-Good> samples. ,liOaI5C
per cwt-
Receipts in the Detroit market or
Wednesday. Included zoo bbls OF -four
car 81 wheat, Of corn. % OF oats.
OF barley. and Of rye. Withdrawals
were 100 bbls OF flour. 25600 bu ol
wheat. and 5.2iS bu Of oats. Stock
are 353.Os1 bu OF wheat, 2S3.42O bu Of
corn. lOS.35i bu OF oats, and 20642 bu
or rye
Wheat In Liverpool closed 1iSG1Nd
higher. and corn unchanged 10 I'd
higher.
northwestern wheat receipts Wed.
nesday 217 cars; year ago. 1875
Worlds visible supply increase. L.
00O.0 600 bu OF wheat
Wheat receipts at Kansas City. 50
cars. year ago. l5
st. Louis wheat receipts $4,000 bu,
year ago. $4,000 bu.
Wheat receipts at primary points
Wednesday. $4,000 bu; year ago 39i
600 bu.
CHICAGO GRAIN.
CHICAGO. Feb. 24.-The grain mar
ket showed considerable strength this
morning on the higher Liverpool and
Berlin market the feature being light
offerings and an advance OF lie In July
while May is back TO Yesterdays close
houses are on both sides OF the mar
ket but seem to have many on tap or
the hard spots.
Opening prices: wheat-May. s1.15%
Corn-May, 50 ass Sc. Oats-May
$3.50. Pork-May. si1.07al7.1O. Ribs
May. $S.95 "a SS7. Lard-May. s972
The Patten wheat bulls along with
the rank and file in the worlds grain
trade have gone over into the July
option and they evidently expect to see
much higher prices for that future. II
gained ! ?. q today. the May option was
up a. and september was &C higher
The July option viii be an old crop op-
ton as there viii BE- no wheat avail
able FOR delivery on contract from the
new crop Cash wheat was in demand
and firm Corn was mp b a i.c oats
gained 80 for the deferred futures
while the nearby months were easier
and provisions were up a shade
Closing prices: Wheat-May. 81 10
asked. Corn-May. 65A asked oats
MAY. 54ia a 5wit. r. Pork-May. 81 .O5
m1717 asked. T.ard-May. s9.G7d go
asked. Ribs-May ss9e bid