The Detroit times., 1909-07-30
GRAIN AND PROVISIONS.

DETROIT. July 29.-Close; Liver
pool quickly followed the American
advance OF Wednesday and foreign de-
mand SO far this week has been splen-
did. Southwestern points report that
farmers are not selling h Literally Pen snr,nd ara
wheat crop is the center OF interest
just now and all hands are watching
the development of black rust. This IL
known to exist at several points Ia
the spring wheat country, but VIII do
little harm unless the weather favorS
it's spread This has not happened in
several years. and there Is no. present
indication that il will this year. The
bulls are doing all they can 10 work up
black rust scare In the spring wheat
states. and the advance In the market
Is credited to the rumors OF damage.
An early loss was recovered. and the
close was 1c higher for July and cash.
unchanged for Sept and iac off for Det.
$40; July opened at sl.os% and adj
vanced To sl10; Sept. opened with a
decline OF hc at si.o7 y declined to
s1.osA. advanced to slo14 and drop
lost nc. advanced to $l.0s and de :
clined to sl.O7h: No. red. si.o7; No.
white, $40.
No 2. 74c: No. 2 yellow. 75hc.. Oats
Cash No. 3 ] car at 50hc asked: stan
dard. 49Ac: Sept. standard. 40hc. Rye:
Cash Cash Ne sssd SSs Oct AqE = 'ss sssas
Prime March. 100 bags at s7.20; prime
alsike, ss25; sample alsike. s bags 1t
1915. at So. IL at s7.25. at S7.I5.
Thursday included 400 bbls OF -four. i5
cars OF wheat. OF corn, OF oats and
OF rye. Withdrawals were 2,400 bbls
OF -four; Stocks are l5s:9ls bu Of Of
oats. $50 bu OF barley and l,6s5 ou OF
Wheat receipts at Winnipeg. 81 cars;
Nortbwestern wheat receipts Friday
l4o cars; year ago. 264.
Wheat stocks in Minneapolis de-
creased 450.00 bu in five days.
Wheat In Liverpool closed I'D lower
10 Nd higher and corn Nd higher.
Exports OF wheat and -four Thurs
day. $1,000 bu.
0s5.0O0 bu; year ago. $4,000 bu
Estimated wheat exports from Ar
gentina this week. 100000 bu.
CHICAGO WHEAT LETTER.
Reported for The Times by Carson.
Craig a. Co, July 20:
This has not been much OF wheat
market this morning, SO far compared
with the big trade OF previous day
black rust talk yesterday sold 1t out
this morning because clear weather
and lower temperatures do not FAVOR
any spread OF black rust. IL II exists
There was no heavy selling for fui-
ther break Because OF the good export
business later, and the frmer tone IN
cash wheat markets. the smaller Ar
gentine shipments and decidedly strong
cables from Liverpool and Berlin
Kansas City wires that line houses
have light offers Of wheat from tho
country Cash wheat Is strong at Ils
over July In Minneapolis. Armour
Patten and other leaders have bought
moderately No great amount or wheat
is pressing on the market at this time
CHICAGO. July 2S.-Wheat opened
9.c lower for Sept and Immediately
dropped to "a c lower. Indications were
for a large run Of wheat later. Corn
opened strong. trade light. oats start
ed lower all around, country selling
being a feature. Provisions were sharp
ly higher all around.
Noon-All wheat futures which eascd
of after a sharp advance. started an
other upward movement Just before
noon Corn and oats were both strong.
especially the former.
Close-wheat closed weak all around
showing net losses Of u Ulc on the
day Corn also closed weak, losing
much OF the early advance. oats un-
changed.