The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1909-06-12
GRAIN AND PROVISIONS.

DETROIT. June 11.-C1ose: Thurs
days decline came from a lot OF short
selling by those who believed a break
should come about this time in the crop
year. June Is frequently a bearsh
month and so lot OF bears got in line
to profit by the slump. The market Is
now heavily short and those who are
bullish think a little scare would cause
enough covering to boost prices several
bearish and small yields are predicted
elsewhere. Stocks are going into con-
sumption at a rapid rave and millers
are paying fancy prices for wheat.
exports from india, and some improve
merit in Russian weather. The Ameri-
can market showed some strength at
times. but the trend was downward q
great deal OF the time. There was a
small advance from lowest prices at
the close. Cash wheat was unchanged.
and December NC higher for the day.
Wheat quotations-Cash No. red.
sl55; July opened without change at
sl1s@. lost Nc. moved up to slle,
si1sH; September opened -s112@. =
declined TO sl.l2A, and closed at
sll2N; December opened at siIl2,s'
declined to SIP. and advanced to
s112%; No. 3 red. s1.52: No. l white.
Coarse grain quotations: Corn-Cash
No. 3. 77i2o; No. yellow. l car at
1870. l at 7sc. later quoted at 7shc
oats-Cash No. white, &c asked;
September. 451sc
Rye---Cash No. 2. 92c.
Beans-Cash. .55; october. s205.
Glover seed-Prime October. 90 bags
at $40; March. 1926.
day. included cars OF corn. and 8 OF
oats. Withdrawals were l.50O bu OF
corn. and LABS bu OF oats. Stocks are
2S6,9s7 bu OF wheat. ss,I bu OF corn,
5l,S96 bu OF oats. l,9SS bu OF barley,
and 7l9 bu OF rye.
Primary wheat receipts were 146, 900
bu, against $4,000 bu year ago
Atlantic ports cleared wheat and Hour
equal 10 $500 0bu.
St Louis received 5000 bu Of wheat,
agans, $4,000 bu year ago.
Kansas City received 20 cars OF
wheat.
Russia has had rains In the dry dis
triCts.
Liverpool wheat closed u a I'D lower
and corn unchanged TO I'd higher.
Minneapolis received 80. and Duluth
Il car of wheat. a total OF %. compared
with 222 n year ago.
Winnipeg received So cars OF wheat.
against Is year ago. 49,. .,,
Argentine wheat exports TINS week
were 2.120.000 bu. Australian lb2'oOo bu
and Indian 2,26+0o 0bu.
The Argentine wheat visible supply
is 100000 bu, against l,OSO,OOO bu n
week ago. and $4,000 bu year ago.
CHICAGO GRAIN LETTER.
REPORTED for-Tnc -Times-Ar-GaFs
Craig & Co: Wheat-Local bear
thought II would be an easy matter 20
start break in prices this morning
because OF the let-down In July yestcr .
day. the change to fine weather over
harvesting sections Of country ana
lower Liverpool cable Nervous break
in July to $l16A on first trades but
good support was felt for all months
and prices now at best point OF morn :
ing Advance in Winnipeg July 10
sl3Sis and Minneapolis July 20 sl.S n.
Decrease of 900. 0GJ bu for week AT MIN
neapolis and small northwest receipts.
We believe In conservative buying
position In these late months as the
discount under cash wheat Is too great
20 make short selling safe.
CHICAGO GRAIN.
CHICAGO, June 1.-THE grain mar !.
keJ showed slight weakness aud opened
weak July wheat NC below yester-
days close. July corn was &c Deiow
yesterdays close, opening at 'EHc'
July oats were 53hc. Ac down.
Noon-Little change was shown dur-
ing the forenoon. Wheat and corn re
matned the same while July oats
dropped &c from the opening
Numerous ups md downs were seen
In the grain market today the uoWn
turns predominatinB at tho start ana
the finish, the upward sweUs occupying
the mid session Much long July wheat
was sold