The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-06-29
Markets and Finance
GRAIN AND PROVISIONS

DETROIT. June 2s.--close. wheat In
the detroit market ruled rather steady
early I'm thursdays session, although
Tor the eT ona',SnS appeared lsyGraere
very satisfactory and nothing more has
happened TO give spring wheat a set
back North Dakota. Minnesota and
canada have splendid prospect and.
II favored by good weather will pro-
duce heavy yield OF spring wheat.
The market just now Is big scalp
ing AFFAIR. As the former bull leaders
give the market support I'm the depres-
sions and hedge as much as possible
or their cash holdings when the mar
ket takes boom. But the load Is
getting heavier every day for the spec
ulative trade, for the buyers must carry
not only the old wheat but increasing
quantities OF new In the form OF hedg-
ing sales against the early movement
me real movement OF new wheat Will
be on In a couple OF weeks, and IL
promises to be large, as farmers show
no tendency to hold their grain this
year. Dealers feel that this Will result
In declining prices unless help comes
from return OF damage in the spring
there Is no promise of this relief 10 the
bulls for weather is most favorable.
strength in corn and oats serves TO
brighten the wheat bulls and prevent
aggressive short selling.
There was little doing in wheat on
Thursday and prices worked through
few fluctuations back to the starting
point.
Corn was arm and nc higher. Beans
Were firm and oats steady.
Wheat quotations.: Cash No. red,
SSc; July opened without change at
Sc lost NC and advanced TO $50; Sep
TENDER opened at 90Ac. advanced NC,
declined Nc and advanced TO 90hc;
December opened at s3Ac. gained &c.
declined TO sac and advanced TO sshc;
Coarse grain auotatIons: Corn-Cash
No. 3, 5Sc. No. 2 yellow. 60c: No.
yellow, see. Oats-Standard, cars at
t4he: No, 3 white. 4te. Beans-Im-
July and October Shipment. s7.os bid;
November shipment, tf9S bid; Deem
Der shipment. sL93 bid Cioverseed-
Prime spot. $3.50; October. ss75: March.
1915. Timothy seed-Prime spot. 1915.
Receipts in the Detroit market
Thursday. included 1880 bbis OF -four. !
Withdrawals were 500 bills OF Hour. and
$1,000 bu OF corn. Stocks are 1881
bu OF wheat, 177.495 bu OF corn. 6,615 bu
OF oats, and $3.50 blu OF rye.
Liverpool wheat closed hd higher TO
I'd lower. and corn u o I'd higher.
Receipts OF wheat on Thursday: MIN
neapolis, 1S4 cars, against 1S2 a year
ago; Duluth. so cars, against Is; Win
nipeg. 1bb cars. against los; Kansas
City, 12s cars against So: ST. Louis.
81 900 blu. against $4,000 blu.
Exports OF wheat and -four Thursday
$4,000 bu.
Estimated exports Of wheat from Ar
gentina for this week, 100000 bu.
TOLEDO.
TOLEDO. o., June 2s:--wheat: Cash
and July, sec; Sept. 9oAc: Dec. CSC.
Corn; Cash, 5shc; July. sshc; Sept,
81 sc: Dec. COG, Oats; Cash; July and
Cash. $40; Oct, Dec. and March. $3.50.
Alsike: Prime, So; Aug. 1915. limo
thy: Aug. s5.25. Batter eggs and hay.
CHICAGO GRAIN.
CHICAGO, June 2s.-openins: wheat: |
July. unchanged; Sept up sc. Corn: |
July and Sept. up sc. Oats: July up |
sc; Sept. up &c. Provisions about
steady.
Noon--wheat: July unchanged: Sept.
down kc. Corn: July up &c; Sept. un-
changed. Oats: July down Nc; Sept.
Ciose-wheat: July and Sept each
closed on &c. Corn: July up Nc and
Sept up &C. Oats: July on NC; Sept
ip Nc Provisions closed higher.