The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1909-07-16

DETROIT. July i5.--Close: There Is
nothing in sight that can give comfort
TO the bear The advance or Wed
nesday is only a sample of what can
be done to him. and that might have
been worse only for some liberal sell
ing by one OF the heavy holders in chi
cago. who fed the crowd when II Was
most hungry. This strength Is all due
10 the bad harvest weather which mas
made IL impossible for country Shippers
to get the crop moving The nrst
alarming circumstance was when these
shippers asked To have their contracts
cancelled because they could not get
the wheat This frightened the shorts
into heavy covering which gave prices
the biggest boost of the season, Hold
ers OF wheat did enough selling on
Thursday to turn the market Gown
ward a little over cent. There Is not
much change in thee general OUTLOOK.
The close was unchanged Tor casn lc
lower for July, l a lower Tor sept.
and 2Lc lower for Dec.
Wheat quotations: Cash No. red:
a 40. July opened with an advance OF
&c at sl2T. declined TO sl.@3 asked
sept. opened at sl13s4. and declined to
sl12: Dec. opened at sl.l3 =. ana de-
clined to Sill IL; No red *l'S'' NO
coarse grain quotations: Corn. cash
No 2, Use, No. yellow 2 cars at sc.
Oats: Cash No. . white car at soc;
standard / car at 54lsc; Sept. standard.
5ai,e-Rye-C Cash No s3e. Beans
Cash. s2.i5 oct. t2.I4 asked Clover
seed: Prime spot stuo. MarS. NV
bags at s720: August alsike. IS bid.
Receipts in the Detroit market on
Thursday were 495 bbls OF flour, l car
were 1880 bu OF corn. Stocks are l3l.-
925 bu OF wheat. ll4.l75 bu or corn.
4ig52 bu OF oats. 1900 bu or barley
and | .37l bu or rye.
Argentine wheat exports TINS week.
500. 900 bu. estimated
Wheat receipts at Winnipeg. 40 cars;
year ago. SIS m,
North western wheat receipts Thurs
day. So cars; year ago, 2Os
Wheat in Liverpool closed "a a Nd
and corn I'D higher.
Receipts OF wheat at primary points
Thursday. 100000 blu; year ago. t6s.oO0
CHICAGO WHEAT LETTER.
Reported for The Times by carson
Craig a Co, from Chicago. July Is;
Wheat: when July wheat opened
with something OF rush at $l.2s TO
81 80 the bull leader was quick TO check
the run away market win sut III
few minutes later. This gave the mar
ket somewhat easier in tone ana much
OF the extreme nervousness OIL yesteii,,
day disappeared. Weather map is stu
unsettled with scattered rains showing
in parts of Illinois. Missouri, Kansas
and Northwest There Is a private
Paris cable here giving conditions In
France much the Same as here Re-
ceipts northwest and southwest, very
light what reaction has taken place
appears TO be natural after the excited
bull market OF yesterday
CHICAGO, July 15.-Wheat opening
for July was PC up with selling mainly
from scattered cash houses. other
wheat futures from II az sc lower.
Corn. steady to asc lower; support
poor oats, NC of at start with de-
mand slim. Provisions higher.
Noon: The July wheat advance was
checked sharply and the price fell to
sI26ss other months unchanged. Lit
tie trading In corn and oats.
Close: July slumped Sharply ana
closed very weak. 6ac below the days
high other futures went OFF in sym
PATTY Corn and oats both closed
weaker.