The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-07-28
GRAIN AND PROVISIONS.

DETROIT. July 2s.-ciese.- Not long
ago Minnesota was credited with a
wheat crop OF IL. 1000 bu.. but hot
weather and rust have reduced the
promise to SO, 000,0 900 blu. and every
I fresh examination OF the fields results
in a reduction I'm the estimate. In June
/ IL looked like total crop promise OF
about 500, 100000 bu., and this Is now
reduced to the neighborhood OF $780,
Grain dealers considered the speech
of the English premier as rather
buIIish utterance. and the foreign out
hook is by no means encouraging to the
bears. There Is feeling that the
Moroccan trouble will be finally settled
without war. but conditions are likely
to arise that will have a disquieting eff
feet on wheat values. making II ex.
tremely hazardous to be on the short
side OF the market. The war scare Is
an added bullish force helping other
conditions to force prices up. The
wires bring In nothing that Is bearish.
excepting the heavy movement OF win
ter wheat. and that has lost its de-
pre- ssing influence under the belief that
the large crop is discounted In the
present price.
met by export demand and forced up
again. This IL the greatest comfort
the bulls have. as IL limits the loss
when they make bad purchase CHI
cago is full OF wheat up to the neck,
but shipments are expected TO increase
when recent export purchases are
started on their way TO Europe. Large
chartering OF lake steamers Is going
on and some OF the elevators will be
promptly relieved of their contents.
Wheat was strong all Friday an
closed at an advance OF TIC. Bad
northwestern reports were the chiet
cause of the strength. Oats advanced
NC, and cloverseed gained 25c.
Receipts in the Detroit market Fri
day included 500 bbls of -four. II cars
OF wheat, 2 OF corn and II OF oats.
Withdrawals were 500 bbls OF flour,
i,093 bu OF wheat and 3.917 bu Of corn.
Stocks are 10000 bu of wheat, ga $50
bu OF corn. 36.4s7 bu OF oats and 4,ss3
bu OF rye.
20 cars. against 90 cars a year ago;
Minneapolis, 102 cars, against 164; Win
nipeK, los cars, against. 81 ST. Louis,
i2s. 900 bu. against $4,000 bu' Kansas
city l65 cars, against 400.
Argentine wheat exports this week,
l.T2O, 900 bu; year ago, 1,072,000 bu.
Australia exported $4,000 bu Of
wheat. against $4,000 bu a year ago.
Argentine wheat exports from jan
uary to date, II. 100000 bu; same per-
Tod last year 52.04O.000 bu.
Liverpool wheat closed - a sd and
corn Ad higher
Primary wheat receipts were 50s.-
900 bu. against l,467, 900 bu a year ago.
Exports OF wheat and -four, 10000
wheat quotations: Cash and July No.
2 red size: Sept. opened without
change at sSnc. and advanced TO soc;
Dec, opened at s2hc and advanced TO
s4c; No. 1 white, S5c. Coarse grain
quotations: Corn. cash No. 3. 66Ac:
No white, 6sLc: No. . white. 81 c.
Oats. Standard old. 4 cars at t0c, clos
ing at 40Ikc asked: new. car at 39Ac;
Aug, 40hc bid Sept. 4fkc bid; No. ,
white. i0c: new. car at 3Shc. Rye;
Cash No I. 7Sc. Beans: Immediate,
prompt and Aug. shipment. S2.2o; Oct,
t2.05: Nov. 81 Dec. Sl.95. Cloverseed:
Prime spot. oct and Mar. s10.50; prime
alsike. 80: sample alsike. ~ bags at
$3.50 10 at IS, at $3.50.
CHICAGO. July 2s-Grain opening
Wheat: July unchanged: Sept up &C.
Corn. July down 1sc; Sept up &c.
Oats: July no trading; Sept unchang-
ed Provisions steady
Noon--Wheat: July and Sept up
1hc Corn: July up sc: Sept. up sc.
Oats July up &C; Sept. down &C
Clcse-wheat: July up 1kc; Sept
uP NC. Corn: July up &c; Sept down
sc Oats: July up &c: Sept up NC
Provisions steady