The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-06-13
GRAIN AND PROVISIONS.

heavy selling OF Saturday and Monday
put wheat down to a new lever and. az
a little too fast The result was that
the market became oversold and active
buying began on Tuesday morning
which put the price up half a cent at
the start. This did not greatly alarm
the bears. who feel sure OF their POSI-.
ton and insist the prices must go stih
lower.
Chicago reports that the cash wheat
in that market Is not only all hedged.
but the owners OF IL are short good
big lines for the new crop months ana
II may be that. on this account the
July price may go to carryins
Is some fear that traders may become
too bearish and be caught selling too
freely IN the breaks. IL Is figured that
the Improvement in weather ronuf-
tons has been discounted In the pres
emit decline. and northwestern crop
conditions are so near perfection that
any change must be In favor OF the
buyer. At the same time. without
serious accident. the total yield Of
wheat will be so large as to force
prices lower.
New wheat Is coming to an overload
ed market. and the free offerings indi-
very heavy.
Wheat was quite strong at the open
ing but weakened later. The Septem-
Der and December deals came again
and closed at an advance OF NC for
the day, while cash closed unchanged.
Corn and oats were steady and beans
gained 1c.
SIC: sample red. / Car at sac. July open :
ed with an advance OF hc at s7hc; de-
clined to SIC. moved up to s7kc and
closed at SIC; Sept. opened at ssc; de-
clined TO size, and advanced 10 sSc:
Dec. opened at s0Ac. declined TO SO y C
and advanced to 90Ac: No. 1 white,
sec. Coarse grain quotations: Corn
cash No; :, Se&s; No yellow s Ss%e;
cars at 4oc; No. white. / car at sshc
Beans: Prompt shipment car south
at SIS: June shipment. I car west al
south at ,iss. Cioverseed: Prime
spot. ss.36; Oct, ss35; March. $50
prime alsike. 50: Aug alsike, S. ID
Timothyseed: Prime spot. $3.50.
Receipts in the Detroit market Tues
day incinded 500 bbls of hour, cars
Of wheat. OF corn and OF oats
Withdrawals were 500 bbls OF flour
1855 bu OF wheat and 2.92s bu of corn
$50 bu OF corn. $3.50 bu of oats and
6.35s bu OF rye.
Wheat receipts on Tuesday: st
Louis. $4,000 bu. against $4,000 bu {
1872; Duluth. 30 cars. against Al; win.
nipeg. 326 cars, against 15S.
The weekly foreign crop summar,
| was bearish.
4
| blu, against 1850 bu a year ago.
Exports OF wheat and -four Tuesday
1 IS, 900 bu.
| The worlds visible supply OF whea'
decreased 6.325.000 bu last week. This
makes the total l33,657. 900 bu or 10,
| 000.0 blu over last years total
TOLEDO GRAIN AND PROVISION.
TOLEDO, o.. June l3.-wheat: Cash
SIC; July, S7kc; Sept. s8hc; Dec.
s0&c. Corn: Cash. 56ho; July. 5s+ C
Sept, 5sAc; Dec, 5shc. Oats: Cash
40c; July, 40hc; Sept, f0kc; Dec.
44%c. Cloverseed: Cash. 50 75iIoet.
Dee. and March. 1910. Alsike: Prime
1925; Aug. tS.75. Timothy: Aug, $3.50
Butter eggs and hay unchanged
CHICAGO GRAIN OPENING.
| CHICAGO. June 13-Grain opening
July and Sept wheat up &C; July
| corn up &c; Sept. up &c. July and
Sept oats up &c. Provisions slightly
! higher
Noon-wheat: July of &c: septem-
Der of hc. Corn: July OF &c: Sep
TENDER on &c. Oats: July OF &c: Sep
! TENDER of NC.
/ Close Wheat: July UP &C: Sept
down &c. Corn: July unchanged: Sept
down &c. Oats: July and Sept. OF
| &c. Provisions practically unchanged
Il