The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1910-05-24
GRAIN AND PROVISIONS.

DETROIT, May 24.-Slose: The
wheat market opened on Tuesday with
very bearish tone. About the only
bull in the market was Patten, who
says every bushel OF wheat in Chicago
from, made. Chicago May shorts are
doing great things in the way of get
ting wheat TO Chicago for delivery.
Stocks are increasing and the May bull
who holds most OF the contracts is pay
ing for about four million bushels. AT
that there Will probably be a shortage
ent demond for this wheat is very
small.
Bears claim to have the better OF the
argument all over the world. Liver
pool was not 50 very weak on Tues
day. but there is said to be plenty or
wheat in all directions. and II Is hard
TO find bull. Some dealers believe
there will be an upturn, but they are
rot bulls for long pull. The holders
of September wheat appear TO take
little Interest in the decline and ar.
they are powerful enough to have an
influence IL they cared TO do anything.
The crop outlook is favorable over the
greater part OF the acreage, both win
ter and spring.
Wheat was weak all Tuesday. win
the exception of a small fnal upturh.
July lie lower. and September ic
closed easy.
Wheat quotations-Cash and Nay
change at Ofia, declined to 99Ja c.
and closed at 81: September opened at
Sl00I2, declined TO g9c, and closed at
IS 4 c; No. white. sT:OsFs.
Coarse grain quotations: Corn--Cash
No. 3. 62c; No. 8 yellow, csc asked.
oats--Standard; l car at $40 clos,
a ank a. ''e asked; No white ''hS
Rye-Cash No. 1. s2hc
Beans-Cash, $40; october, S2.05.
Cioverseed-Prime October 100 bags
ct $6.4s; sample, bags at 1876. 10 -
Receipts in the Detroit market on
cars OF corn. 3 of oats, and 1 OF rye.
Withdrawals were 5000 bu OF corn
Stocks are 227,274 bu of wheat, l23,2ll
bu OF corn. 1905 bu OF oats, and $40
Tuesdays wheat receipts: Duluth. 25
cars. against Z year ago; Minneapolis
against s; ST. Louis. 10000 Blu. against
5000 bu; Kansas city, $4,000 bu' against
1900 blu.
Wheat receipts at primary points
European wheat visible supply, So
100000 bu; week ago sS'5S2'ooo blu;
Wheat In Liverpool closed aqi9sd.
and corn Id lower.
The worlds visible supply OF wheat
IL I26.59s.0O0 bu, against 80. I9l 900 bu
a year ago. The decrease thts-yea was
2.l7s.OO0 bu for the. week against
decrease last year OF 1907 900 bu.
Exports OF wheat and Hour Tuesday,
TOLEDO.
TOLEDO. o., May 24.--wheat-Cash
and May. S1.09; July. 81; Sept. 99e
Corn--Cash and May. 5akc. July. co.. G,
Sept. 6lhc. Oats-Cash and May, 42c;
sept 4Oc. Rye-No 2, zee; No. 3, Zoe.
Cloverseed-Cash. $3.50; Oct, sea-;
Dee, s6.42: March, S6.4Ih. Prime al
sike, 81; Aug. $40 Prime timothy.
s215. Butter. eggs and hay IN
CHICAGO GRAIN.
CHICAGO May 2I.--Grain opening
May wheat opened unsettled, prices un-
changed TO &c higher: July &c lower.
September Isc lower. Oats steady 10
&c lower. Corn y y he lower. Poo
visions steady.
Noon-May wheat declined NC from
opening with July and September .e-
naming about the same, May corn
was steady. oats showed a h;tie
weakness.
Close-Going to t110h. after open
ing at $l0S, May wheat closed at lic
lower than opening; July and Septem-
Der showed weakness. May corn closed
&C lower than opening, July &c. while
september was of fun point. oats
closed of on all options. Provisions
decIined throughout the list,