The Detroit times., 1909-06-25
GRAIN AND PROVISIONS.


is receiving new wheat now, and the
bears look FOR a drop in the market
when tho new grain shows Up. Bearish
sentiment generally comes from II
Louis at this time Of year, but aside
from that there is nothing very bear
lsh IN the present outlook Bearas.
big and little. have been doing a lot
OF selling for over a week in Chicago.
and all the stuff has passed into the
hands OF powerful group OF dealers.
who now control SO much wheat as "a
have the market practically In their
hands. They are expected 10 put prices
Up when the liquidation Of July wheat
is finished. The opening strength did
not last long. but the weakness that
followed was quickly displaced by an
other season OF strength which car
ried prices TO the highest point Of the
day The Close was gutet ana un-
changed In cash wheat 4. higher in
July. anu J. higher In september AMI
December. compared with Wednesdays
wheat quotations-Cash No. red.
si43, July opened with an advance Of
&c at sII4i4. declined 10 sl.l3s4, adj
HanccG 20 s1l5t. and closed at sl.I4A
September opened at sll0. declined TO
!ioea. advanced 10 si1Os4. and de-
clined 20 l.l0i. December opened at
81 1875. lost &c. advanced to sl.11,
and closed at 81 lo94 No. red. $40,
Cnarse- grain quotations; Corn
Cash No 3, $40 No. yellow. I car
at re. 10. ? yellow, cars at 1sae
AfAfS-1ASN NO. . WLAkes cara dk
59L G. september. 44i2c.
Rye--Cash No. g. s2C.
BeGans-Cash. S2.50, October. s2oj
CIoverseed-Prime October, sss5;
March. so bags al 81.
Receipts in the Detroit market
Thursday included 2eo hbls OF -four. 3
a aaTs 81 corn i II qs's we're % ofra sf9
bbIs Of -four. Stocks are 2l6.9e0 hu OF
wheat. 100,653 bu OF corn. 54.s5s bu OF
oats. / 9ss hu OF barley and e33 bu Of
rye.
Argentine wheat exports this week.
1900 GOO mu. estimated
Wheat receipts AZ winnipeg SO cars
northwestern wheat receipts Thurs
day. f5s cars; year ago. III.
81 Louis received 1000 bu OF wheat;
year ago. 10000 bu
New wheat Is arriving at -. Louis.
The new grading OF grain viii 60
into effect July ]. Grades Viii then be
uniform In ali the leading markets.
Wheat IN Liverpool close J.. p I'D and
Exports Of wheat and -four Thursday,
wheat receipts ut primary points
Thursday. 2I2,000 bu; year ago, 2SI00o
bushels.
CHICAGO GRAIN LETTER.
Reported for The Times by Carson.
Craig & Co: Vheat--Short sellers Of
wheat ran against a snaB TINS morn
Ing They took advantage OF the early
bulge 10 tl.l3h =, July, ana Si-VH, sep
tember. caused b. firm cables and un-
settled weather. 70 put out fresh snort
lines and press the market for 4 fur
Their break The July price weakened
20 about 81 13 and september 70 sl.0i q.
Then Bartlett, Patten and Armour De
gan taking all the wheat offered Tor
all months from July to December he
gartiIess OK news the trade had 10 re-
spect the fresh support under the mar
ket and prices are now up 10 sllA a.
July and 5 Los u. september. our Dir.
Inglis reports cutting OF wheat general
ia southern Kansas, yields light run +.
ming about 10 bushels. st Louis had
IL widely advertised, car OF new wheat
this morning from Charleston. Mo.
This II an annual event and there was
the usual amount OF cackling over it.
Minneapolis stock reduced $4,000 bush-
els ia five days Receipts there larger
than expected at ISL cars.
CHICAGO. Juno 24.-Wheat opening
was tame and &C higher. Business
limited Corn active aud weak. oats
under pressure from country longs.
Provisions easy and slow.
NoOn-Wheat advanced cent during
the forenoon Corn and oats declined
fractieHally
close. Wheat closed strong near tho
days high Corn and oats weakened
at the close.
Reported for The Times by Hayden,
stone a. Co. Hollis Griswold-st: