The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-05-29
GRAIN AND PROVISIONS.

DETROIT, May 29.--Close: Realizing
sales OF wheat were the order of the
day in Liverpool. and the result was a
sharp break tn prices All the foreign
news was bearish and holders became
quite discouraged. The worlds exports
We're larger than expected. and so were
Russian exports and better weather
and improved crop conditions were re-
ported all over Europe.
Crop conditions were greatly inn
proved over the winter wheat belt dur
ing Sunday and Sunday night, because
OF rains. In some cases the preciplta-
ton was abundant and IL was still rain
ing In some places on Monday The
, moisture was very beneficial over Kan
sas where much compliance had been
made recently, With the rain came
cooler weather over both winter and
spring wheat states. The northwest
reported some frost. but not enough TO
do any harm to wheat
The natural result OF the change in
weather will be a decline I'm prices
provided the market Is permitted TO
take Its ordinary course. but these In
! fiuences may be Offset by final effort
on the part OF the May shorts to cover
or a bullish demonstration on the part
( OF the bull leaders who have enough
July bought TO prevent a decline under
general selling. A bear turn Is ex-
/ pected. for IL was the hot weather talk
that caused the recent strength. but
the bears are not too sure or their
ground.
Wheat was dull and easy in the De-
| troit market on Monday. and closed at
a decline of &c in cash, and Ne In the
futures May in Chicago was strong.
but other markets did not follow. Corn
declined hc. Oats, rye. beans and seeds
were inactive.
Wheat quotations--Cash No. red
and May, Gle; July opened with a drop
Of ne at sshe; advanced to ssAc. and
$50. advanced to ssAc, and declined to
ssAc; No I white. soc.
Coarse grain quotations: Corn-Cash
No. 3, 65c; No. yellow. 3 cars at 81 u c,
closing at SIC: No 3 yellow. SEC.
Oats-Standard. 3sc asked; No. 8
white, 3711c asked
Beans-cash, s1.o4; October. s1.s5.
Der, $3.50; March. $40: prime alsike.
50; August alsike, ss75.
Timothy seed--Prime spot. $3.50.
Receipts in the Detroit market on
Monday. included $50 bbls OF Hour.
cars OF wheat. 20 OF corn, and 20 OF
oats. Withdrawals were 400 pbls of
-four. Stocks are 171,00 bu OF wheat,
2l2,75I bu OF corn. s.12s bu OF oats. and
Liverpool wheat closed 1@1Kd. and
corn I'D lower.
Minneapolis wheat stocks decreased
$50. 900 bu for two days
Worlds exports OF wheat last week
were 13,44O,000 blu. of which Russia
furnished $4,000 0bu, and the Danube
$4,000 blu.
Wheat on passage to Europe de-
creased $4,000 bu last week.
Receipts OF wheat Monday: Wfnni-
peg. l03 cars, against 12o year ago:
ST. Louis, $4,000 bu: Duluth, 20 cars;
Minneapolis, 229 cars. Kansas City, 95
cars
Primary wheat receipts were $4,000
bu.
The visible supply OF wheat Increased
1,013.000 bu last week. OF corn de-
creased $4,000 0bu, and OF oats, de-
creased 461. 900 bu.
CHICAGO GRAIN.
CHICAGO, May 2s.-opening: May
wheat of &c, July of &c. AMY corn
of sc, July of sc. May oats OF &c.
July up xc Provisions were lower.
Noon=wheat May up "a c. and July
up y Corn. May and July unchanged.
Oats: May up hc, July up &c,
Close--W May up 3hc. July up
&c Corn: May of 1 Ac. July of X C.
Oats May. up &C. and July up hc.
Provisions lower.