The Detroit times., 1910-11-03
GRAIN AND PROVISIONS.

DETROIT. Nov 3-Close: The tech
meal position OF wheat from a specu-
lative standpoint has been weakened
by the recent covering OF o.OOO,OOO on
OF shorts by leading Chicago buyers
The buying OF this enormous quantity
OF wheat only put the price up little
over cent, which shows the Wea kness
OF the situation How many million
bushels would have 20 be bought TO
give the market anything like boom
is n question difficult 20 answer. Deal
ers think other shorts may cover and
put the market a little higher. but
there is no bullishness In the situation
from "A legitimate viewpoint and lead
ing observers believe another decline
will follow this buying movement
Buying by a heavy Chicago dealer
started the shorts 20 covering as there
was a feeling that the trade was too
unanimously bearish to be safe Tor
short, a stampede being possible. but
the resultant Improvement in prices
was disappointingly small Crop news
is favorable in all directions and sup
plies OF wheat are increasing. EN-
millers. who complain that fresh or
-tieFs- are-small- and huSers- are not fllr=
nishing- shipping directions for the
-four already made.
er cables and covering OF short wheat
soon gave way 10 selling, and the close
was at loss OF lc for the day, Win
an easy feeling Coarse grains and
seeds were unchanged.
Wheat quotations; Cash No. red,
9l&c: Dec opened without change at
s5A, c. gained nc and declined TO 90 c;
and declined to s7%c; No. ! white.
Coarse grain quotations: Corn: Cash
No ?. 5lAe; No. 2 yellow, 6ss; No
at 341c: No. 3 white, sac Rye; Cash
No 1, T7ci No. 2. 76c- Beans: Cash,
50 OF bid; Nov. 50 bid. .Cloyersseed'
ss5o ps sample sRP 90 bags al IS. q at .775;
is at sT2s, IA at s675; prime alsike.
SS75: sample alsike, IL bags at 1913
Prime spot. s42o nom
Wheat in Liverpool closed sd high
Receipts OF wheat Thursday: St
Louis, $4,000 ou. against 5000 gu a
1877: Duluth. ITO cars. against 39S; Min
neapolis. 276 cars. against 453; Win
nipeg. 452 cars. against eS5.
Wheat receipts at primary pOlntS
were us. 900 bu. against 1,457.Oo0 bu a
Exports Of wheat and -four Thurs
Receipts in the Detroit market on
Thursday included 2 cars OF wheat, s
OF corn. Z OF oats Withdrawals were
214S bu OF corn and 1900 bu OF oats
bu OF corn, 1s3;e2s bu OF oats and 25.-
sos bu OF rye.
TOLEDO GRAIN AND PRODUCE.
TOLEDO, Ohio. Nov. 3-Wheat: Cash
sic; Dec. 91Ac; May. 963sc; July.
slk C. Corn: Cash. size; Dec, 4se;
Dec, 34Izc; May. 36Bc; July. s6e; Rye:
No 2. 7sc; No 3, 74c. Cloverseed: Cash
and Nov, $3.50: Dec. $3.50: March.
1855 Alsike. prime and Dec. $50.
Timothy, prime and Nov. $40. But
ter. eggs and hay unchanged.
CHICAGO GRAIN OPENING.
CHICAGO. Nov. 3-Grain opening
Grains held steady TO slightly higher
at the opening Dec. wheat unchanged.
May up &c Dec. corn advanced c,
Mhy unchanged. Dec. oats of lsc, May
up &c Provisions fractionally higher
Noon Grains hel dgenerally. but
showed some declines from the Open
ing. Dec. wheat slumped &c, May on
&C Dec and May corn dropped a C.
Dec oats lost &C. May oats on nc;
close Grains suffered general de-
clines in the market today, wheat
leading the slump, due to a general
selling movement. Dec. wheat cropped
&c. May OF Ike Dec corn or &c.
May or &C Dec. oats on y C, May de-
cIined &c Provisions were fraction
ally lower.