The Detroit times., 1909-07-13
Markets and Finance

! To such an eNtent That there IS nothing
10 move. Much damage has been done
by Hoods The supply OF wheat ana
Hour ~ down Ia very low point onlA
about "A weeks consumption now'in the
American Visible supply. The sifnAini,
is VERY unusual shippers VINO soid
wheat la Chicago are now canceiling
their sales, finding II impossible 10 sc
cure the wheat. The most benrlsh
feature on Tuesday was an improve
ment ia the southwestern harvesting
wheat market advanced and closed W.
the futures 4. al ~ up FOR the day.
Cash wheat gained lc.
Wheat quotatio,ns-mSna sn, 40, a. rS %
declined 10 sll9is, and advanced To
sle0is September opened at sl.l2' de-
citned to Sill. and advances 70
slumped 10 slllsl and advanced 10
silaA. No red. sl.SS No. / white
Coarse grain quotations: corh-cash
No .. 75c. No yellow. i6c.
Oats--Cash No, white. l ear al oie'
standard. 5Si.c. september standard
4ic.
Rye-Cash No. l. sSc
Beans--Cash. s. 40, October WV
Glover seed--Prime October, s7.o5;
March 100 bags at sI.2c: August. al
Receipts in the Detroit market Tues
day. included 1900 bbls OF hour, car
OF wheat. OF tOlH anu - 49,
Withdrawals were 220o bbls OF flour
stocks are 1871 225 bu OF wheat l35Ss9
bu OF corn. e.S2e hu OF oats. 1000 bu
OF barley. and 1871 bu Of rye.
Northwestern wheat receipts Iues-
day. 20 cars year ago. liz
Kansas CITY received 20 cars OF
wheat
Receipts 81 wheat at ST Louis We're
$4,000 bu. against $4,000 ou year
bad harvesting weather in Hungary
Worlds wheat visible supply 1000
600 bu decrease.
Wheat in Liverpool closed unchanged
To I'D higher, and corn Asd higher,
European wheat visible supply =
Wheat receipts AT primary points
Tuesday. 10000 bu, year ago $4,000
bu.
Exports OF wheat and -four Tuesday.
CHICAGO GRAIN LETTER.
Reported for The Times by Carson.
| Craig * Co. Wheat--Something OF a
setback in wheat prices TINS morning
is not ut aii surprising IN view OF ,ne
| greatly improved weather outlook over
| the southwest. and better forecast
| for the entire winter wheat belt rms
simply outweighs the bullish FEATURES
/ are only 70 ears. stocks there already
reduced nearly half million bushels this
| week further decrease or over 4OV.VOV
| bu in local stocks. and the total Visible
| supply OF this country down 10 about
the equivalent OF one weeks fun con
sumption OF 100000 bushels. DIS
patches claim that IL Will take week
| OF dry weather TO put the crop in shape
| TO thresi and market. and that no large
movement OF wheat need be expected
! in any quarter right away. ST LOUIS
| houses wire that shippers IN that ter
J ritory are asking TO cancel sales made
| for this month. Between the exporters
and the interior millers we see little
! chance for much wheat 10 press on TINS
I market 10 become a bear help this
/ month on this or any further depres-
sion believe buying Will be OF an eN-
/ cellent character.
CHICAGO. July l3.-The wheat mar
! ket-epanRa- aas+aEap-cl clearing weather
! and the belief that the market was
! pretty well filled with wheat yesterday
BY some leading longs Corn opened
! steady. oats weak at the outset
Noon-Wheat advanced fractionally
| during the forenoon Corn and oats
eased of fractionally.
Ciose-Wheat closed fractionally
| higher all around. though the range
! for the day was not wide. Corn closed
| strong Oats weaker for July. and un-
/ changed for more distant months.