The Detroit times., 1910-12-02
GRAIN AND PROVISIONS.

DETROIT, Dec. 2-Close Has the
wheat market taken its turn? Has Il
deserted the bears. whom IL has re-
Gently enriched, and is IL now TO work
for the poor bulls? The latter say II
has, and they nave good deal to SHOW
for the faith that is IN them Briefly,
they believe the turn has come. be-
cause OF reduced receipts and bad crop
news. They have no great demand TO
help them. else there would be little
TO say for the bears Demand is the
one thing lacking, ana the country
has the surplus wheat TO sell Okla
homa had a very bad report To make
on Thursday, what helped to advance
the price. and other southwestern
states are expected to follow with the
same kind.
Chicago dealers have now been bull
ing wheat for three days. They are
still at IL. although there was some
pretty active selling at top prices on
Thursday and some fair lines were IL
quidated. This was just before the
oklahoma report came in, which gave
them renewal OF courage The bulls
are discountlng probable bulllsh gov
eminent report that Will be out next
Wednesday; and Will show the acreage
and condition of winter wheat. Shorts
have been pretty we'll scared to cover.
but the bears insist that there can DO
no important advance in prices as long
as we have "A large surplus OF wheat to
sell, which IL Is impossible to dispose
OF at present prices. They also con-
slider the bullish crop news az unim-
bulls out. Plenty of snow or moisture
In other shape would do wonders Tor
the southwestern winter wheat crop
They expect more news OF the same
kind from now on, but refuse TO be-
come excited about IL.
The foreign situation is not any more
bullish than 1T was, IN fact. recent AR
gentine news IL quite bearfsh. I'm
porting countries are getting all the
wheat they need and the future holds
nothing alarming as far as can now
be seen. The Liverpool strength came
from the strong American markets and
some covering by shorts A prediction
OF lighter Russian exports helped
some.
most OF Friday. but closed at loss or
&c. old corn Is up 1c, oats show an
advance or l2c, No. 1 rye IS up 1sc ana
the bean market shows gain OF
@Sc.
Wheat quotations: Cash No. red.
SIC: Dec. opened without change at
gee, lost lsc. advanced 10 g5s4c and
closed at 95ifc; May opened al Sl.00L
declined TO 99s4c. advanced to 81 ana
closed at $3.50 July opened at 96h c,
dropped TO 95s4 c. advanced TO 96c. and
closed at 95%c: No. / white. 941sc.
Coarse grain quotations: Corn. cash
No. 2. SIC asked No ? yellow. SIC; No.
3 yellow. 56c. new No. 3 yellow. / car
OF 4sHc; No yellow 2 cars at 47e.
sec: No white. $3.50. Rye: Cash
20 l. S3Isc bid. No. ., $50. Beans:
Cash, s20S bid: Dec, s2.o5 bid. Clover
seSd: Prime spot, and Dec. $50;
100 at IS. 90 at s7.75. 90 at $3.50. 80 at
S.25. 10 at 81: prime alsike. 1915;
sample alsike. bags at IS. Timothy
'eea Prime spot. 30 bags at $40.
Receipts in the Detroit market in
.luGed s45 bbls OF -four. cars OF
wheat. 10 OF corn. or oats and OF
We Withdrawals were 500 bbls II
Tour. 25.731 bu Of wheat and 2.ss2 bu
~ corn Stocks are 33q,116 bu Of
wheat. 20e623 I'm OF corn. 1926 bu OF
pats and 1869 hu OF rye
Receipts Of wheat on Friday. Min
necpolis. 22i cars, against % "A year
ago: Duluth. 3s cars, against 231 Win |
rlpeg, 3ls ears. against 1876; Kansas
City; 30 ears. against ~; st. Louis. &c. |
600 bu, against al 900 bu
Liverpool wheat closed - a I'D high
or and corn I'D higher
Argentine wheat exports this week.
900 bu: Indian exports $4,000 I'M
and Australia. i64, 900 bu
.lslhle supply OF wheat In Argen-
Una, 100000 bu. against 100000 "A year
ago.
Primary wheat receipts were 507 600
M; against $4,000 bu year ago
-Eoonnor,s OF wheat and -four Friday.
CHICAGO GRAIN OPENING.
/ - NilCAGO, Dec. 2-Grsin opening:
Strains generally were strong at the
! opening. Dec. wheat, unchanged MAY
up &c Dec. corn up &c Nav up
&c. Dee. oats of sc, May &c higher
Provisions generally showed slight ad-
! vanCes
Noon. Wheat weakened during the
morning. Dec. falling on sc. Nav
dropped iac Dec. corn gained = :
May up l,o. Dec. oats gained &C, May
, up iSc
Close-whcat was of for the dav
Dee closed sc lower. May or &c. Doc
+ corn advanced asC. MAY off 81 Do
/ and May oats unchanged. Fluctuations