The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1910-11-24
GRAIN AND PROVISIONS.

DETROIT. Nov. 23.-Close: Wheat
had an easy start on Wednesday. ow-
ing to lower prices quoted In Liverpool
The English market was NOT eneetea
by Tuesdays American strength. but
weakened on heavy selling by longs
Later a firmer tone came to the Amerl-
can markets. and prices worked higher
Chicago reports that wheat wen.
into strong bonds on the dip In that
market on Tuesday. and with bullish
news from Argentina and the taking
Of some Manitoba wheat Tor export inc
prices higher. and soaring the timid
bears into covering at the top prices.
u was the feeling among dealers that
their hands. and could force further
advance II they wished, but they are
expected TO wait for some bull news 70
help them along. II looks very much
waiting for some more definite news
from Argentina, but IL is said that eN-
port trade in high grade American
wheat at present Is out OF the question.
There IS an increase in the number
OF wheat bulls In the market, and IL Is
noted that II is easier to sell wheat
than TO buy IL without effecting prices
Hedging sales are less numerous and
the position of holders of cash wheat
Is gaining strength so that the bulk
OF the pressure comes from short w se
market until the Argentine crop has
been harvested. and the result definite
ly known. Argentine news Is now
more uniformly bullish. and those who
were bearish all along. are admitting
that injury has been done.
The Detroit market had some sharp
fluctuations. effected In a ouliish way way
a a &c higher than Tuesdays close:
Mixed corn lost 1sc. and oats gained
NC; closing easy
96c: December opened with a decline
OF &c at 951sc. advanced to 96hc. de-
clined TO sc. and closed at s6 &C; May
opened at 81. gained lc declined to
opened at $3.50, advanced to S6A c.
declined TO 96k c. and advanced TO 96ia
No white. cars al nc. closing at
ssc; No. mixed. cars at 95i1c
No .. SIC asked. No yellow. cars
al 55c: No. 3 yellow. SAKE.
oats--Standard. 34%c asked; No 3
Rye-Cash No. /. soc bid No. ?. 7sc
Beans-Cash s2lo bid: December
Cioverseed--Prime spot ss..5; De:
cember. $3.50; March: IS IS; sample. s
bags at $3.50. 40 at IS. 35 at $3.50. 80
at 81. 25. % at 81. IS at SIS, at $3.50;
bags at Sc. 4 at $50
Timothy seed--Prime spot. 4.2o, NOM
Receipts in the Detroit market We'd
ncsday Included 400 hhls Of -four, car
az corn. and Of oats Withdrawals
were 22.s6o hu Of corn Stocks are
43sSis hi of wheat. 27s. +01 bu OF corn,
1925 h'I Of oats. and f.72+ bu Of rye
Wednesdays wheat receipts Min
neap polls ISL cars against 271 year
ago, Duluth. ia cars. against 1923; st
Louis, $4,000 bu, against $4,000 bu;
Kansas City. 81 cars, against 20; Win
nipeg, 410 cars, against Ala.
Liverpool wheat closed ~ a sd high
err.
Exports of wheat and -four Wednes-
day, $4,000 blu.
Primary wheat receipts were $4,000
! blu, against7S60. 900 bu a year ago.
CHICAGO GRAIN.
CHICAGO, Nov. 23--Grain opening
All grains showed losses at the open
ing. Dec. wheat off &c. May of u c.
Dec. and May corn lost lsc. Dec. oats
off &c. May on &c Provisions were
fractionally higher. -
Noon-GrainS had quick upturn
during the mornings trading. Dec.
and May wheat advanced sc. Dec.
corn gained sc, May &c. Dec. oats
gained &c, May I4c
Close-All grains advanced Tor the
day. wheat especially showing sharp
upturn. Dec. wheat gained nc. May
up sac. Dec. corn up Sac, May &c. Dec.
oats up iacr May advanced &c. Pro-
visions showed general declines.