The Detroit times., 1909-02-19

DETROIT Feb. ls-Close: Corn and
oats were very strong on Thursday, and
the bears found II a difficult task 10
hammer wheat They started In early
In The day by explaining that wheat
ough 10 decline. IL was too high and
had made big advance; there ought
the market appeared not To understand
The argument FOR il held quite flrm
during the greater part OF the DAY
Primary receipts We're double those OF
the corresponding date last year,-and
the new crop was IN an improved posi-
ton, with plenty OF snow Liverpool
was easy and offerings OF Argentine
wheat were large IL was very slow
day in wheat and the opposing sle-
ments secured no new positions
Wheat quotations-Cash No. red.
Sis a May opened with a drop OF l. {
al sl:l64.. lost another Nc. advanced
isc. declined 10 sll6s., and closed at
sll1 "a July opened At sl.03 - de-
clined TO sl.02@. advanced 10 81 % -.
declined To sl.03, and closed at 81 .O3 /. f,
september opened At sss.c. lost Ac.
gained isc and declined 70 9sS.e, NJ.
3 red. sl.i5la No ! white. 81 IS.
Coarse grain quotations Corn-Cash
CO. 90. c : ''%e' No yellow '"' al
oats-Cash No white. cars at ssc.
Rye-Cash No > soc.
Beans-Cash s2.35a24o bid; May,
clover seed-Prime spot. IS bags ~
$40. March. loo bags al $40: sam
pie. bags al s5.25. "a at So. - al
s4.75; sample alsike bags at $50, :
at s7.e5.
Timothy seed-Prime spot. - bags
at sl.e5.
Wheat receipts at Winnipeg. ila
cars. year ago 50.
Northwestern wheat receipts Thurs
day. 2o1 cars. year ago, lS+.
Total Canadian wheat crop. l243t,
O0O hu; raised In the northwest, 81
$3.50 bu.
Estimated wheat exports from Ar
gentina this week. 5000 600 hu.
Receipts ia the Detroit marke,
Thursday. included 400 bb!s OF Hour.
No Withdrawals. stocks are 3+1.I'b
bu OF wheat. 263.420 bu of corn. l1459.
bu OF oats. and 2s.Ssl bu Of rye.
Wheat Ia Liverpool closed sd lower
Wheat receipts AT primary points
Thursday. $4,000 bu. year ago. e2l.000
Australian wheat exports this week
are estimated at 200. 900 bu.
Exports of wheat and -four Thursday.
So 900 bu.
CHICAGO GRAIN
CHICAGO. Feb. ls.--The lower
cables, liberal Argentine estimate, faE =
orable weather. and continued large
receipts in the northwest caused an
easier market in wheat prices declin
Ing IS n nc al the start. From there "a
Of trade was on the buying side. Liv =
erpool cables came a @sc lower.
BroOmhall says the easier tone there
Is due To liberal estimate on Argentine
shipments Wheat cargoes In nearby
positions offered freely. Argentine
shipments estimated at 100000
against $4,000 year ago. North
west receipts were liberal at 2s7 cars
against I54 a year ago.
The Armour Grain Co. sold about
500. 900 bushels Of May wheat for a
customer late In the day. causing a
recession In the price from Sl.14s. to
$l.I4. and the resting spot for the day
was 81 i37.lI4, against sll4k at The
close Of yesterday July was isc. and
September wheat &c lower. big
trade was done in wheat. and IL was
active right up to the close.
Australian wheat shipments are es-
timated at 100000 bushels for the
week against 30i 900 bushels a year
ago. II this is realized IL will make
the Argentine and Australian ship
ments s400.o00 bushels.
Corn ard oats were up sharply, and
provisions were strong
Closing prices: Wheat-May. sl137,
Ql.Ia Corn-Msy. slis Qs1Hc. oats
May. 55bs q55Lc. Pork-May. SIG 81.
Lard-May. ts.s70s.7o bid Ribs-May.
IS 80 asked