The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1910-09-12
GRAIN AND PROVISIONS.


a feeling among the bulls that the de-
cline in wheat has gone far enough
and reaction Is due. They base TINS
on the fact that prices are much lowe,
than they were. tnat the longs nave al
sold out and the market rs iafseIy
oversold. Other conditions are so Dear
ish. however. that little more thah u
temporary reaction Is looked TOT "
the more conservative dealers There
was "A heavy accumulation OF wheat
stocks in this country and abroad iast
week and stocks are very large. LhV
erpool attempted TO advance on Mon
day because. while worlds wheat eN :
ports were very large. England got
only a small part of the total. but part
Of the upturn was lost before Closing
time because OF the heavy offerings
from Russia and the Danube. Primary
receipts on Monday were littIe less
than a year ago. There Is little nope
for any extensive export buying as
long as other exporting countries are
shipping IL a rate that taxes the trans
portation facilities. and even the pulls
have little hope for anything more
than reaction.
The wheat market in Detroit opened
at an advance OF nc, lost the advance
and recovered II. closing Lzc1s above
Saturdays close. Corn was unchang (,
ed. oats gained kcls and cloverseed
gained 25c
Wheat quotations-Cash No. red.
9sc asked; Sept. 99c; Dec, opened with
an advance of Nc at sl.04h. declined
to sl03A and advanced 10 lo4t
May opened at s1.09. lost 1sc and ad-
vanced TO slO9: sample. car at soc;
No. I white. 961ac.
Coarse grain quotations-Corn. cash
No. 2. 5sc; No, yellow. cars at 6ic;
car at 36Ac, 8 at 35lsc: Sept. 80 W.,
No. white. 36c. Rye-Cash No. !,
72c: No. 2. Csc. Beans-Cash. s2 40;
Oct. @2.ls; Nov, s2i2 CioverseehdiI,
sample. lao bags at $3.50, 20 at ss.2o
263 at $3.50. 20 at IS. IL at $3.50. ls at
81; prime alsike. 1925 bid: sample al
S. "a at $3.50 IL at 81. 8 at $50, Tim,
othyseed-Prime spot. so bags at $40.
Receipts In the Detroit market on
Monday included 1917 bbls or hour. =
of rye. Withdrawals were $500 ou
Of corn Stocks are 277.355 bu OF wheat,
194.O46 bu OF corn, 165,S59 bu or oats
and 21,287 bu OF rye.
Worlds wheat exports last week,
Russian wheat exports last week. S.
$4,000 bu: Danubian. 6.os6.000 bu.
Wheat on passage. 100000 bu in
Wheat receipts Monday: Minneapolis.
745 cars. against 7S9 year ago; Du-
luth, 159 cars, against l,236 for two
days year , ago; ch ass 80 ears;
1,22n; St Louis. 1as 900 blu. against 49,. :
600 bu; Kansas City. 3ss cars. against
21s
Wheat In Liverpool closed 4 q I'D
higher
Receipts OF wheat at primary points
Monday. 1891. 900 bu; year ago. 1865
900 bu
TOLEDO GRAIN AND PRODUCE.
TOLEDO. o.. Sept. 12.-Wheat-Cash
and Sept. 81: Dec, $1.O4; May. 81 O9h
, Corn-Cash and Sept, soc; Dec, o. "A C.
May, 607sc. Oats-Cash and Sept. Soc
Dec. 37Ac: May. 40asc Rye--No. 2.
Tic: No. 3. 69lsc. Cloverseed-Cas
and Oct. S10.221z: Dec. and Marcn.
s1O15 Alsike-Prime and Oct. $e. 40
Timothy-Prime, Sept and Oct. 1880.
Butter, eggs and hay unchanged
CHICAGO.
CHICAGO. Sept 12.-Opening: All
options opened higher and the market
had the best tone for days. European
tone and lighter northwest cars buoyed
wheat, and corn likewise strengthened.
September wheat nc, December and
May &C higher. September and De-
cember corn sac May nc higher. Sep
TENDER oats 3sc, December and May lsc
higher. Provisions higher.
Noon-Sept. wheat same as at the
opening, Dec. II higher. May u lower.
Sept corn N. Isec A. and May u high =
err Sept. oats N, Dec. Il and May u
higher.
Close-Sept. wheat closed u, Dec.
N and May Y higher. Sept. corn Is
Dec. Y and May 4 higher. Sept. and
visions q shade higher.