The Detroit times., 1911-03-03
GRAIN AMI PROVISIONS.

DETROIT. March 3.-Close: Argen-
una dld not come across with as much
wheat as expected this week and Aus
traiian exports were light. The mar
ket here ruled rather urn durinS the
early period OF trading and there was
an increase Ia bull confidence. They
think the market is In no worse shape
Tor an advance than IL was when the
big interests took hold before and
forced prices up.
Ii Is admitted on all sides that the
market Is on debatable ground To "A
greater extent than AT any previous
time this year. While the bears feel
very sure of their ground. there are
many arguments TO sustain the bull
contention that the present price dis
counts the bearish conditions. The
sharp falling on in spring wheat move
ment In the northwest and decrease in
primary receipts TO less than half last
years. with a probability OF a further
decrease in the visible supply are very
encouraging features for the believers
In higher prices. But probably the
worst feature IL the failure OF the hour
market TO gain activity. The North
western Miller says the domestic Hour
situation Is very discouragiging. New
taken wholly because OF urgent need
on the part OF buyers. Weakness In
wheat creates distrust on the part OF
buyers.
Bears take great deal OF comfort
out OF the splendid crop prospects and
the dullness OF the cash trade. They
| also think the foreign situation favor
able To a decline. Estimates OF small
an easy close i'm Liverpool
The wheat market was firm early in
the session. but May was the only deal
TO hold any OF it's advance. That deal
closed &c higher. The coarse grains
and seeds were steady.
Wheat quotations: Cash No. red.
soc; May opened without change at
92hc, advanced TO sac and closed at
92&c: July and September opened at
zoe, advanced 10 90 and closed at
soc: No. 1 white. SS1sc.
No. 3. 46c: No. yellow, 47c. Oats
Standard, } cars at 33c. No. white.
32@c. Rye--Cash No. !. Ssc No. 2.
Cloverseed-Prime spot. so bags at So:
March, 80; sample, 90 bags at $3.50. 20
at 1915. So at s., 20 at 1915, 10 at $3.50.
IL at 81. at $3.50; prime alsike. ss.25:
$775. Timothy seed-Prime spot. so
bags at $3.50.
Receipts in the Detroit market FRI
day included st5 bbls OF flour. 2 cars
Of wheat, 3 OF corn and ? OF oats.
Withdrawals were 1,04S bbls OF flour.
LIZA bu OF wheat and 6249 bu OF corn.
Stocks are 4sI,s1s bu of wheat, 35l.s54
bu fcorn. l4o,s52 bu OF oats. 3,312 bu
OF barley and 32.Ss2 bu OF rye
Argentine wheat exports this week
2,536,000 bu: Australian 100000 bu
and Indian 100000 blu; a total OF s.
016.00o bu. against 6.s4s.oe0 bu year
ago.
Liverpool wheat closed u a sd lower.
Wheat receipts on Friday: Duluth, 10
cars. against 72 year ago; Mime
apolis. Is cars. against 2S7; st. Louis.
$4,000 bu. against $4,000 bu: Kansas
City. IS cars, against 65; Winnipeg, 1s3
cars. against 1SS.
Primary wheat receipts were 100000
bu, against 5000 blu a year ago.
Estimated worlds wheat exports this
week. s.soo,ooo bu.
Wheat stocks at Minneapolis de-
creased SIS. 900 blu for the week.
Exports of wheat and flour Friday.
$4,000 bu.
TOLEDO GRAIN AND PRODUCE.
TOLEDO, o., March 3.-Wheat: Cash.
sic; May. 92c; July. 903sc; Sept, S9hc.
Corn: Cash, 47c: May. 49Bc; July, sic:
Sept. &c. Oats: Cash. SAKE: May,
33Ac; July, SAGE; Sept. 32c. Rye: No.
2. s5c: No. 3. Sac Cloverseed: Cash.
1870; March. ss.15; April. ss.65; Oct.
T12h. Alsike, prime and March.
eggs and hay unchanged.
CHICAGO GRAIN OPENING.
CHICAGO, March 3-Gratn opening:
Wheat; May. unchanged: July, down
nc May corn down &c; July down
40. May oats down u C; July unchang-
ed Provisions unchanged
Noon: May and July wheat up sc.
May and July corn unchanged. May
oats down &c; July down &c. Pro-
visions higher.
Close: May wheat up &c; July up
&c. May corn down &c: July un-