The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-01-09
GRAIN AND PROVISIONS.

DETROIT Jan. Close: The early
slump in wheat prices Saturday was
no surprise. Even the bulls We're look
ing for some decline. Many dealers
bought wheat at lower prices and they
materially had IL for sale at the al !.
vance. The big fellows are not credited
with unloading, in fact, some OF them
cannot unload yet without taking a
loss but there are lots OF little fellows
who are In a better situation The
decline was made easier by the drop IN
Liverpool prices. Foreign conditions
are not specially bulllsh.
Prices advanced nearly five cents In
two weeks and the bulls have Shown
that they are masters or the situation
and can put prices still higher u IN =
wish. The market Is full or bullish
news of all kinds. IL Is argued th1t
we have practically no wheat for eNpot
and the growing winter wheat crop ~
known to be I'm very bad shape. There
were some good sales made on Friday
and Saturday and some suspected the
bull leaders OF selling out, but close
observers believe they are In as far ac
ever and were buyers late on Friday.
While hedging sales were being made
and the movement was heavy IL was
impossible TO control the market, but
receipts have dropped TO point that
makes decreases In the visible supply
certain and the big holders can now
do things to the market. Northwestern
receipts are small and millerS are tax
ing all the wheat offered. MINNEAPOLIS
ing consumptIon VII now be somethnS Z
TO be recikoned with.
Wheat dropped 11c at the start on
Saturday and closed at that loss for the
day Trading was quiet and the big
Chicago dealers did not appear 10 be
doing anything.
corn. oats and oloyerseed were
steady.
Wheat quotatiors: Cash No. . red:
91Isc; May opened with "a decline OF
nc at SL02ia. moved up TO $l.02A and
declined to si.o2h July opened at
97$4c. advanced To 9Sc and declined 10
97S, e: No. 1 white. 96h
Coarse grain quotations: Corn-Cash
No. 3. 471Sc; No. yellow. 4Shc Oats
standard 3 ears at "a lsc' NO. whitee.
SAC. Rye-Cash No. l., S5lhc. No; =
size Beans--Cash. $2.o5: March, s2.1O.
Cloverseed-Prime spot, $40 March.
S9.l5. sample cars at $50. - al
prime alsike. $9l0; sample alsike, .
bags at s., > at $3.50. Timothy seed
Prime spot, $3.50.
Receipts in tho Detroit market Satur-
day included 1000 bbls Of Hour cars
OF wheat. . Of corn, OF oats. and OF
rye Withdrawals were 400 bbls OF
Hour. 1870 bu OF corn and 1000 bu OF
rye socks are 5Vi.063 bu Of wheat
gfYFfI RI - corr, 49,, 951 bu OF oats,
1910 bu OF baLty a7d $4,000 bu OF rye.
Receipts of whrat saNI- lay. Mime
apolis, III cars, against lis = year
ago Chicago. 80 cars. againsi 81
Kansas city 20 cars, against ~. VIM
nipeg. III cars. against .l6j.
Wheat receipts at primary points
Saturday. $4,000 bu year ago. 1885,
600 bu.
exports of wheat and flour Saturday.
600 bu
TOLEDO GRAIN AND PRODUCE.
TOLEDO. O., Jan. Wheat: Cash
99I. e, May. $l.027s; July. 9sc. Corn:
cash 4SIsc. May. 81 &c; July, 52l5c
Oats Cash, Soc; May, 37nc. July
36s.c Rye No. 2. sac; No. g., soc.
Cloverseed Cash and March. 1920;
April. $3.50: Feb, $3.50; Oct. S115;
Jan. 500. Alsike Prime, $3.50; March,
Sy.4O Timothy: Prime, S46h. Butter,
eggs and hay unchanged
CHICAGO GRAIN OPENING.
CHICAGO Jan DRAIN opening:
May and July wheat opened sc lower.
May and July corn on &c; May and
July oats. &c lower. Provisions were
fractionelly higher.
Close May and July wheat.up &c.
May and July corn advanced &c. May
oats up sc. July up &c. Provisions
N fraptiopallV higher