The Detroit times., 1910-12-07
Markets and Finance
GRAIN AND PROVISIONS.

DETROIT, Dec Close: Statisti-
clan snow reports the winter wheat
screase at 100000 acres. or an IN
crease OF per cent over that OF Iast
year. which means a record crop In
case conditions are favorable. The
southwestern winter wheat fields have
received the moisture they were In
lack or and the crop Is likely To come
along nicely In the spring. This news
had a bearish influence on July prices
ana was rather discourasing 10 the
wheat bulls. At the same Time cash
wheat Is not In much demand and
mills complain OF dull hour trade.
Liverpool was easier on Tuesday and
appeared TO have recovered from tho
scare resulting from the decrease In
Russian exports last week.
Chicago dealers complain that rec
osplzed bull leaders are preventing
natural conditions from making prices.
more friendly feeling has been Gre
aztec Tor the buying side and many
dealers have taken TO the bull side
on the theory that bearish conditions
nave been discounted but the crop
outlook Is becoming more bearish.
Cash prices are we'll over the futures
IN nearly all markets. hTe bears take
useless as Ions as We have a large
surplus from the last crop and no
chance to sell H. Argentine news is
looking both ways, but recent reports
say harvest in the north is excellent
and offerings are more free. Stats
tietan Slow makes the condition 81
winter wheat SIS, which the bulls
consider to be greatly in their favor.
There is a general feeling that wheat
Is on hghting ground and that money
Is 10 oe made I'm scalping. The worst
feature from "A hullish standpoint Is
that holders sell the moment they have
small profit. and that prevents an
advance. Liverpool closed AT decline,
although Europea nwheat stocks de-
creased
Armour is said TO be short of wheat
In Chicago and others are trying 70
give him "A squeeze The market on
Tuesday was firm and early advanced
lee Later May and July lost Lc OF
the advance and the close was quiet
Coarse grains and seeds We're un-
changed
Wheat quotations Cash No. red.
s6s4 Z; Dec opened without change at
96i. and advanced &c; May opened
az sioola. advanced 10 SOL and clos
advanced TO s69.c. and declined 10
s6iec. No. ] white. 95S4c
Coarse grain quotations. Corn. cash
No ?. SAC; No. z yellow; &c; No vel
Standard. cars at acc No white,
5isc, No. white. car at S4c Rye;
cash Cash No 81 s2 ns 20 SsS ,ovd Beam
Prime spot and Dec. So March. ss.o5,
sample. 10 bags at $3.50. Is at ss.25, -
az s7.,5. 40 at $50. at s'25; at
81. prime alsike. 81. sample alsike. l6
bags AZ s775 Timothyseed. Prime
spot nominal at si.t0.
Receipts In the Detroit market Tues
day included i,S45 bbls OF flour. ears
OF wheat. 6 OF corn. OF oats and 4 Of
rye Withdrawals were 100 Obls OF
flour. Stocks are 31s.l16 hu of wheat,
1854 ou of corn. 1875 bu OF oats
and 1869 bu OF rye.
Primary wheat receipts were $4,000
bu against 6S9. 600 hu a year ago
Exports OF wheat and -four Tuesday,
2l3, 900 bu
Liverpool wheat closed Ia "a low
er
Receipts OF wheat Tuesday: Duluth,
1855 cars against 40 cars IA year ago;
Minneapolis. - Gears, against l66; st.
Louis $4,000 bu, against $4,000 bu-
Kansas City. ~ cars. against 81, Win e
nipsg, 23s cars. against 1863
Worlds wheat visible supply. 4.5l1,-
900 bu decrease.
Minneapolis wheat stocks increased
80 600 bu in three days.
European visible supply or wheat, =
34S, 900 bu decrease.
TOLEDO GRAIN AND PRODUCE.
TOLEDO. o.. Dec. s.--W Cash
and bee. eCisC. MAY Sl.0G7sc; July.
o6s.c. Corn: Cash, 49t.t, Dec. tSla e.
May. 50Ac. July. 51t2c Oats: Cash
and Dec. SIS Isc May. 81 tec: July. 361a G.
Rye: No. ,, SIC; No. 3. SOC. CloVerseeG
Cash, Dee and March ss.2o: April,
n