The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1909-07-01

DETROIT, June 30.-Close--So much
cash wheat has been recently sold %
Chicago holders to nIillers and export
ers that the old crop has been prac-
tically eliminated as a price-contrOiing
factor. Il now depends on the move
ment OF the new wheat Good harvest
ing weather and liberal marketing ~
winter wheat might put prices lower.
but the strongest houses IN Chicago are
buying everything offered on the
breaks ana appear ready 10 take TIE
crop as fast as u Is offered. There il
not much chance that the farmers viii
sail freely a Il decline. for they are A..
believers in higher prices and are not
likely 10 give much aid or comfort TO
the bears Interior millers are taking
the new wheat az good prices and glad
to get IL. While some weak spots Were
encountered during the session the gen
eral tone OF the wheat market was
firm
Wheat quotations-Cash No red.
lsl45: July opened unchanged at Sl.l7.
moved up 10 $i1I n declined TO 81 Is :.
advanced 10 sll7is and closed at 81 II;
september opened at 81 IL. gained &c.
dropped 10 sl122l advanced TO sl.l3 =
and closed at 81 -. Dscem6er opened
at S1t3ia. advanced 10 s1.l3 81. lost = C.,
advanced 10 sl132. and closed At
slI3A No. 3 red. SAP. No. white.
81 - mixed white, ] car at sl.f5,
Cash No. ). Zoe. No 2 yellow. car on
/ track AT re. No yellow 77c. on
track 1 car at s6@4 c.
J 'tt+e--N ash ~. Nllitft = AAtN ~
/ soho september. 45c. No. white, /
Rye-Cash No. >. soc asked
Beans-Cash $3.50. October. s2o2.
Clovcrseed - Prime October, 81.
March. 100 bags at Sis
/ Receipts in the Detroit market on
| wednesday included $50 bbls. OF hour,
1 : cars OF corn, ] of oats and OF rye.
Stocks are ls6.gg0 Ia OF wheat. 90. " 3
/ bu OF corn 50,67e bu Of oats. 2 isg bu
OF barley and 1902 bu Of rye,
Winnipeg wires that the crop is com
Kansas city received IL cars OF
wheat
Wheat receipts at winnipes. 50 cars;
Nort6wcstern wheat receipts on
Wheat in Liverpool closed a n 7,d
! higher and corn unchanged TO I'D
St. Louis wheat receipts 1000 bu.
/ year ago. Is. 600 bu
wheat receipts At primary points on
I Wednesday, $4,000 bu; year ago 2s9.-
Exports OF wheat and -four wednes-
! day. $4,000 bu
CHICAGO GRAIN LETTER.
! Reported FOR TIE Times by Carson,
Z Craig 4 co. Wheat-Bccaus OF some
what easier Liverpool cables and some
I proft-taking by longs. the bears made
/ a little attack on wheat at opening ana
! took &c 10 u G. of the closing prices OF
/ yesterday Then the offerings dried up
/ and the market started up. going TO
$ll61.c FOR July. Sll2 for september,
and 81 10 for December Some selling
OF July By Bartlett and Darrell brokers
started reaction; prices now 81 o. NJ
fl16A, a, one time = N = under top.
Conflicting reports from Kansas. one
point reporting new wheat moving.
600 bu. today, other points 50 wet
wheat cannot De cut or marketed on
tho whole. too much rain for winter
wheat belt Minneapolis ordered So >
ears ~ wheat out OF store and only
! received 81 today.
CHICAGO, June 80 Wheat opened
"a lower Some long wheat sold on ac-
count 90 Disappointing cables Corn
opened easier on lne weather oats
4 were easy NJ the uOtsct. fairly general
selling
Wheat advanced fractionally
CraiE & Co. Wheat - Wheat price :
/ during tA- forenoon. Corn gained
+ slightly ard oats eased of a little.
Close-July and september wheat
closed a. lower December unchanged.
I Consider bile business was done ia tho
closing hour Corn and oats closed
higher