The Detroit times., 1911-08-16
GRAIN AND PROVISIONS.

DETROIT. Aug. 1s.--Close: Wheat
had a small opening upturn on wednes-
day which was not TO be wondered at
In view OF the drastic decline of the
past two days. But the bears insist
the decline Is not over and will not be
until the stocks at Chicago are sold.
movement OF spring wheat begins there
is every chance for another severe
slump. II Is very difficult almost I'm
possible. TO put prices up while stocks
are large and demand Is poor.
Weather was again favorable I'm the
Canadian northwest, but some crop
examiners from Grand Forks wired
that the crop in that part OF North
Dakota had suffered heavy deteriora-
ton. Fields that had promised ~ TO
% bushels to the acre month ago are
only running TO 10. Low grade late
wheat Is absolutely useless. The straw
Is rotten and breaking down.
Export sales OF wheat are on for
the present owing TO labor troubles
abroad, but the Liverpool market has
been drtpping at rate that makes
foreign business difflca.t The tone OF
advicts from Russia Is Improving. and
millers are not showing much desire
TO load up with wheat even at the
present decline. Every day OF good
weather brings the Canadian crop
nearer TO maturity and reduces the
danger of frost damage.
Dealers fear the big load of wheat
In Chicago and an element OF uncer-
tainty is added by the EFFORT OF Chicago
liquidation and bring about full car
rying difference with the later months.
The best posted brokers do not know
whether this liquidation is over or only
wheat made an attempt to react on
Wednesday. but II was a failure and
the close was on even terms with the
finish of the day before.
Coarse grains were steady and bean
futures &c lower Seeds were nrm
Receipts in the Detroit market Wed
nesday included 500 bbls OF Hour, 80
cars OF wheat. cars OF oats ami ! OF
rye Withdrawals were 400 bbls OF
dour. $3.50 blu OF corn and 1900 bu OF
oats Stocks are 12i ,4S1 bu OF wheat
Ill 2s blu OF corn. 1ss.524 blu OF oats
and 1859 bu CT rye.
Receipts of wheat Wednesday: Kan
sas City, IS cars. against lis year
ago: ST. Louis. $4,000 bu. against 1885,
900; Omaha. IS cars, against l2: Min
neapolis. liz cars, against 2s3: Duluth,
AZ ears. against 80; Winnipeg. 81 cars.
Primary wheat receipts were SCI 900
-. against 100000 bu a year ago.
The worlds visible supply Increased
$4,000 ba last Week. The total Is
now t20.56l.000 bu. an increase OF a.
S59.DGO bu over year ago.
Liver pool wheat closed u sd and
corn Nd higher.
Wheat stocks In Minneapolis de-
creased 800. goo blu for four days.
Exports OF wheat and -four Wednes-
day, $4,000 bu.
Wheat quotations: Cash No red.
e6sc. Sept. opened with a gain OF U c
at sSAc. advanced TO sec and closed at
sShc; Dec opened at s4c. advanced TO
s4hc and closed at 93Ac; May opened
at seAc, advanced to 9ec and closed
at ssIkc: No I white. SAKE Coarse
grain quotations. Corn, cash No 8,
66kc. No. 2 yellow. 68hc asked: No.
yellow, 3 cars at 67hc. acts: stand
ard 43hc; new. 40hc asked: Aug,
white, 43c: new, 39hc asked Rye:
Cash No. I. SSc. Beans. Immediate.
prompt and Aug shipment 81 IS ask
cd; Oct, S212 bid; Nov, s207 bid: Dec,
$500 bid. Clcverseed: Prime SPOT, Oct
and Mar, $3.50: sample, IL bags at
t11, at 5000: prime alsike. $40: sam
pie alsike. 90 bags at ,s.25, 10 At $3.50.
Is at $50. Timothyseed Prime spot.