The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-05-09
Markets and Finance
GRAIN AND PROVISIONS.

DETROIT. May S-Close: stocks OF
hour In this country are very low and
an increased demand is expected in the
near future Already the boom has
reached the mills of the Canadian
northwest. which are running tuii
time. They have plenty OF both foreign
and domestic orders and prices are now
at a point that makes dealers think
export trade Is not far away. Liver
pool had "A sharp decline on Monday at
the opening. but the American market
did not follow ~. showing early hrm-
ness,
Trading In wheat was quiet on Mon
day. as dealers were waiting for the
government report, due shortly after
The close The general feeling was
that the condition would show a few
points better than month ago. when
IL was SjS The Abandoned acreage
was expected To be between two and
three million acres; leaving between
81 and 81 million acres that ought 70
produce IN the neighborhOod or 900
600. 900 bushels. There is "A feeling that
the bull pressure has not been with
drawn from tn, May option There
was let-up on Saturday TO avoid tax
ing lot OF wheat offered from the
country. but the bulls are expected 10
advance prices again before the nnlsh,
probably during the present week.
The northwestern crop situation mas
not been changed. only some lght
sprinkles OF rain have fallen and the
map on Monday was very clear VIM
ter wheat is coming on in good shape
and IL Is believed prices would quickly
20 TO an export basis but for the big
interests behind the May deal.
Dealers were waiting for the govern
ment figures on Monday and did not
care TO do much trading The market
advanced a rrHCTTon anu dropPed BACK
again. Corn closed easy oats adj
vanced hc and beans gained PC.
Wheat quotations. Cash No. red,
81 nc; May opened AT 81 &c. unchanged
from Saturdays close. advanced 10 S2c
anc declined To 81 he July and sept,
opened At ss1.e advanced TO Ss+c and
declined TO SgIsc. No. 1 white. soc.
Coarse grain quotations Corn. cash
No. 3, soc. No. white, ! car az 56c. No.
yellow. cars at SIC; No. yellow. ?
96hc. at SsIse; No. 3 white. see Rye:
Cash No. ! and No 2, 81 Beans: Cash
and May 1897 lid oct. $lS7 bid.
Cloverseed Prime spot. 10 bags at So;
alstke, sS75; sample alsike, bags at
SS50 Timothyseed' Prime spot, 10
bags at IS 60
Receipts in the Detroit market Mon
day included 500 bbls OF iour 4 cars OF
wheat. Ia OF corn. OF oats and Of
barley Withdrawals were 500 bbls Of
hour and lS.si6 bu of corn. Stocks are
2OiS09 bu OF wheat. 22S.5S4 bu OF corn
lirlS2 bu OF oats and 5000 bu OF rye.
Wheat on passage decreased l,24S,o0O
bu last week
Worlds wheat exports last week
were l2.lI6,000 bu of which Russia
furnished s,s00.000 bu and the Danube
10000 bu. year ago worlds eN-
ports were 9.l6s.000 blu.
Wheat receipts on Monday: Minneap-
oils ESQ ears, against 217 cars a year
nipeg, ll6 cars, against SS4; ST. Louis.
$4,000 bu, against $4,000 bu: Kansas
city, SO cars, against 40.
Russia reports beneficial rains.
The visible supply OF wheat decreas-
ed 1885, 600 bu. Of corn LOS! 600 bu and
Of oats l,050,00o bu last week.
Exports OF wheat and hour Monday,
$4,000 bu.
Primary wheat receipts were $40 600
bu. against $4,000 bu year ago
The Canadian visible supply OF wheat
decreased 1891 900 bu last year. leav-
ing total OF 5 069.00 blu, against -
$4,000 bu year ago
Liverpool wheat closed n y sd and
corn a d lower.
TOLEDO GRAIN AND PRODUCE.
TOLEDO. May s-Wheat: Cash and
May. 92c; July and Sept. sec. Corn:
Cash. SOC; May. 54%c; July. sac; Sept.
541zc. Oats: Cash. May and July, 35c
Sept 33%c Rye: Not quoted. Glow
erseed Cash, 1886 Oct and Dec,
$50; March. $772 Alsike: Prime. So.
Aug. IS. Timothy: Not quoted. But
ter eggs and hay unchanged.
CHICAGO GRAIN OPENING.
CHICAGO. May s.-Grain opening