The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1910-10-03
GRAIN AND PROVISIONS


DETROIT. Oct. 3--Close: Wheat
dealers had no faith In the perma-
nency of Saturdays Improvement in
prices. crediting the advance TO the
taking OF profits rather than TO any
new bullishness in the situation. This
view was the correct one, as the mar
ket on Monday. after showing some
early frmness. slumped and ruled easy.
The export situation Is unchanged. and
appears no nearer bullish solution
than ever. for Russia Is still exporting
at an enormous rate, and so are other
countries. and II appears probable that
Argentina will be In the market with
new crop before other producers
have finished marketing the old one.
export figures. 1t will have to be soon.
Chicago dealers are still talking a dol
lar for May. and IL Is said there will be
no active Investment buying above that
price. The strength In Liverpool came
from an active demand for Manitoba
and Argentine wheat, coupled with the
higher American prices OF Saturday.
Northwestern wheat receipts show an
increase compared with a week ago,
and decrease compared with a year
ago. The American visible supply had
big decrease on passage which ac-
counted for the closing strength In
Liverpool
Detroit price. were higher at one
Corn and oats were steady. and clover
seed advanced Csc.
Wheat quotations-cash No. red.
vance Of sf se at s Hps moved an up aa to
$10eh, and declined to ss%c; May
opened at 3l.05H. touched u.05h. and
declined TO sizes; No. i white. 94nc
Coarse grain quotations: Corn-Cash
No. q SIC; No. yellow. s44c; No.
yellow. SIC.
oats-standard. 3 cars at s5hc; No.
Rye-Cash No. /. 7sc bid No 2. car
Beans-Cash, s2t5; November. $40
1910; March. So 20; sample. Is bags at
1915. as at $3.50. 80 at ss.25. IL at
sL75; prime aisike. SO: sample alsike. .
Timothy seed-Prime spot. 20 bags
at -.
Receipts in the Detroit market on
Monday. included All bbls of flour. 1
/ Withdrawals were 1886 blu of corn. and
/ 232 bu OF oats. Stocks are 254,s75 blu
OF wheat. 202.ss3 bu of corn. 1890
bu OF oats, and 26.17s blu OF rye.
14,544,000 bu; year ago. 13,792.o00 bu.
Russian exports last week were g.
Receipts of wheat Monday: St
Louis. 1890 bu. against 10000 bu a
year ago; Kansas City. $40 cars. against
a4s: Winnipeg, l.+l2 cars. against L.
Duluth. ssa cars. against i.4is.
| Wheat, 2.T6, 900 increase: corn, 464,-
| 600 bu increase; oats. $4,000 bu in
crease.
Canadian wheat visible supply. o.
| 100000 bu increase.
Wheat in Liverpool closed %a1d.
Receipts of wheat at primary points
Monday. 1.sl7,oo bu; year ago. 2.353.ooo
Wheat on passage. s.4se.ooo bu last
Exports Of wheat and -four Monday.
10000 bu.
TOLEDO.
TOLEDO o.. Oct. 3.-wheat-Cash.
cash Cas- D ss&es :f De @ay 81 se Nay. SsSc.
oats-Cash. 34%c;- Dec. 35hc; May.
sshc RyeCNo 2. 7te; No. q. zoe.
Prime. s4a5; Oct. G.2o. Butter. eggs
and hay. unchanged.
CHICAGO GRAIN.
| CHICAGO. Oct 3.-Opening: The
wheat market opened strong from Y %
nc higher Corn. and oats showed
stronger. opening from u q &c higher.
December wheat 97kc, May, S1.03. Corn
Dec. 4shc; May. 62@c Provisions.
| steady.
Noon--Grain futures declined frac-
tionally during the morning. Wheat
Dec. &c lower. May &c lower. Corn
Dec. &c lower. May unchanged. Oats
Il
/ visions were fracttonally lower
Close--At the close. December wheat
had dropped a full point from the
| opening May fell of y. Corn held
| firm during the day, closing at the
| opening figure in both December and
May. December and May oats dropped
/ &C from the opening. Provisions
prices changed little. Substantial de-
creases In supplies and widespread
belief that the short side OF the mar
| ket was being overplayed. caused a
| bulge In the market during the early
session but the tone was weak, and
| the early gains and much more was
| lost before the close.
| Quotations by Hayden. Stone & Co,
Oct. 3, 1910:
| Open. High. Low. Close
Wheat
Dec. g7h 97% ssM besk
May. % 03S OF bi 02Is
Nag. SIX SIX ssss H ::s y
| Oats
Dec. % ssH s2n ss2y