The Detroit times., 1911-05-03
GRAIN AND PROVISIONS.

DETROIT May 3.-Close: The late
strength of Tuesdays wheat market
did not last over TO Wednesday and
there was a feeling among the bears
that they had been fooled by the stron
front put up by their enemies. The
tone was easy both at home and abroad
and there was not much in the day
news TO make a bear turn bull
The weakness In Liverpool came
from liberal selling on the early adj
vance by weak holders Cargoes were
in light demand and offerings from
Russia and Australia were liberal. Pri-
vate houses had advices that Indicated
an increase for the week in Argentine
exports
Reports on this side of the Atlantic
were C0Gnicting. Minneapolis report
ed large sales OF hour, while south
western ulillers were reselling their
wheat Some OF the weakness came
from an eastern house that advised
sales OF wheat and stocks. The bulls
are working the northwestern dry
weather scare for all their Is In u.
A prominent Minneapolis house wirss
that there are some dry places, but
the moisture in general way over
the spring wheat states is sufficient
for the seed TO terminate. The dry
weather scare was the leading bullish
influence on Tuesday, but IL Is felt
that a normal rainfall from now on
will be enough TO make record wheat
crop. Kansas had rains on Tuesday.
causing much Improvement
An easy tone prevailed in wheat dur
ing the greater part OF Wednesday
hgSc Tor the day. Corn. oats and
the seeds were unchanged.
Wheat quotations: Cash No. red:
ee11eFMay- opened-with a-decline- OF
to sic and declined TO sohc; July
opened Ic lower at S91Ac and declined
to sec: No. / white, ssc.
Coarse grain quotations: Corn-Cash
No. yellow. / car at 5sl1c; No yell
low, 541c. Oats-Standard, ] car at
35c; No. Q white, 34c. Rye-Cash No:
1. 93c. No. 2. s2c. Beans-Cash and
Prime spot, So: sample. rs bags at
IS so. Is at SIS; prime alsike, 10 bags at
1915; sample alsike. bags at ~.
Timothy Seed-Prime spot, Is bags at
$3.50.
Receipts In the Detroit market We'd
nesday were 500 bills OF -four. 1 car OF
wheat and 3 of oats. Withdrawals were
1000 bbls of -four. 2.o74 bu of corn
s4S bu of wheat. lS6.235 bu of corn.
1877 Blu Of oats and 7.170 bu OF rye.
Exports of wheat and -four were
236. 900 bu.
Blu, against 203,000 bu year ago.
Liverpool wheat closed unchanged to
Receipts of wheat on Wednesday:
year ago: Duluth, 46 cars. against II;
Winnipeg, 100 cars. against EOS; St
Louis. $4,000 Blu. against 5000 bu; Kan
sas City,>25 cars, against 80.
TOLEDO GRAIN AND PROVISIONS.
TOLEDO, o., May 3.-wheat: Cash
and May, s2c. July and Sept, SO c.
Corn Cash, soc; May 54Sc: July.
54hc; Sept. 55c. Oats: Cash, May and
July, 35c; Sept, 34c. Rye: No quota
ton. Cloverseed: Cash, t9.45; Oct. and
Dec, $3.50; May. S7.s6. Alsike: Prime.
! So; Aug, SIS. Timothy: Prime. $3.50.
| Butter, eggs and hay unchanged.
CHICAGO GRAIN OPENING.
CHICAGO. May 3.-Graln opening
Wheat: May on NC. July on &c. May
corn up &c; July of NC. May oats
off Nc; July unchanged. Provisions
llower.
Noon: May wheat up sc; July OF
&c. May corn OF &C: July on &c.
! May and July oats unchanged.
| Close: May wheat up &C and July
of nc. May and July corn on Asc.
May oats of &c and July of NC. Pro-
visions slightly lower