The Detroit times., 1910-12-03
GRAIN AND PROVISIONS.

DETROIT. Dec Close: has the
wheat market taken It's turn? Has 4
Gently enriched, ana Is II now 10 work
for the poor bulls? The latter say u
has, and they have good deal 10 snow
for the faith that IS m them. Brie ny,
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 10 sell. OKLA
homa had 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 it, although there was some
pretty active selling at top prices on
Thursday, and some fair lines We're Ii
undated. This was just before the
Okla homa report came in, which gave
them renewal OF courage. The bulls
are discounting probable bullish gov
eminent report that Will be out next
Wednesday. and viii show the acreage
and condition Of winter wheat. shorts
have been pretty we'll scared TO cover,
but the bears insist that there can be
no important advance in prices as long
as we have large surplus OF wheat 10
sell, which II is Impossible to dispose
OF at present prices. They also con-
slider the bullish crop news as unim-
portant: simply circulated to help the
bulls out. Plenty OF snow or moisture
the southwestern winter wheat crop.
They expect more news OF the same
kind from now on, but refuse To be-
come excited about 1t.
The foreign situation lis not any more
bullish than IL was, IN fact. recent Ar
gentine news is quite bearlsh. I'M
porting countries are getting all the
wheat they need and the future holds
nothing alarming as far as can now
he seen. The Liverpool strength came
from the strong American markets and
some covering by shorts \ prediction
or lighter Russian exports helped
some.
Wheat worked within narrow limits
most OF Friday, but closed at loss of
advance OF isc, No. | rye is up Y and
the bean market shows gain OF
MSc
Wheat quotations. Cash No. red
96c. lost i9c, advanced to 30 @4c and
closed at 95l4c. May opened at sl.00l,
declined to g9&c. advanced to 81 and
closed at $3.50; July opened at s6L G
dropped TO 95a.c. advanced to s6c. and
closed at 95&,c: No. white. s4hc.
Coarse grain quotations: Corn, cash
No. 2, SIC asked; No yellow, 57c' No
at 4s1sc; No. 4 yellow. cars at 47c. |
at 46lsc. Oats: Standard, l cal. AZ
S6c: No; 2 white. S51se Rye; Cash
y i. =.
Cash. s20s bid: Dec, $2.05 bid. Glover
seed: Prime spot and Dec. sS75;
March. $s.s5 sample, 10 bags at sS.25,
100 at So, 20 at s775. 80 at $3.50, 80 a.
sample alsike, 6 bags at IS. Timothy
seed: Prime spot. 20 bags at $40
Receipts in the Detroit market In
cluded $40 bbls OF -four. cars OF
rye Withdrawals were 500 bbls II
-four. 25,731 bu Of wheat and 2.ss2 bu
OF corn Stocks are 33e.l76 bu Of
wheat, 202.623 bu OF corn, 1925 bu OF
oats and 1869 blu OF rye.
Receipts OF wheat on Friday: Min
neapolis. 224 ears. against 22 year
ago: Duluth, 3s cars. against 2Sl Win
nipeg. sls cars. against 4ss kansa $
CITY. 80 cars. against a.. St Louis. &C.
900 bu against II 900 bu.
Liverpool wheat closed * &c isd high
or and corn I'D higher.
Argentine wheat exports this week.
952 900 bu; Indian exports, $3.50 bu.
and Australia, $4,000 bu.
visible supply OF wheat I'm Argen-
tina, 100000 bu. against 100000 year
Primary wheat receipts were 507 900
bu. against 357 900 bu a year ago.
Exports OF wheat and -four Friday
CHICAGO GRAIN OPENING.
CHICAGO. Dec. Grain opening:
Grains generally were strong at the
opening. Dee. wheat. unchanged. May
&c. Dec oats on sc, May &c higher.
Provisions generally showed slight ad-
,anCes.
Noon: Wheat weakened during the
morning, Dec. falling OFF asc. May
iropped &c. Dec. corn gained las.
Nay up l,c. Dec, oats gained &c. May
~ SO
Close-Wheat was off for the day.
Zee closed a4c lower: May of Is e. Dec.
.orn advanced SIC. May OF CSC. Dec.
md May oats unchanged. Fluctuations
n provisions were narrow.