The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-02-08
GRAIN AND PROVISIONS.

DETROIT, Feb CLOSE: The Ar
genuine wheat market has Deen Snow
ing nrmness for some days and now
comes word that the drought few
months ago Gid great damage and ma
terially reduced the yield The Qiality
Is not good I'm some tarts or the coun-
try and exports are expected 10 De
moderate. France needs more wheat
and there Is talk OF educing the tar.
IN. Liverpool was quiet ana stendy on
Tuesday. and the European situation
was made easy by an increase IN stocks
as well as en- passage.
Wheat dealers arc troubled with UNI
certainty at present IN several points
and are taking great caution In ,heir
transactions. There are different Views
held as TO the position OF the former
bull leaders and the probability OF
their taking an active part In future
operations. They have done nothing
50 long that many believe them TO be
entirely out of the deal. but others eN-
pect them TO give the market another
crop Is cause OF worry also anu VIII
remain so for the next six weeks. Al
present the outlook - rather bearish
because moisture Is more abundant
than IL was earlier l.. the winter and
the crop has better snow protection.
Cash demand Is not active. but tho
big mills of the northwest take arriv-
ais there and are doing moderate
-four business. nearly all domestic. The
! nulls are not expecting any help from
abroad where other countries are fur
nishing all the wheat the importers
need
The wheat market on Tuesday was
weak and closed at loss OF 1c in cash
and May, and lac In July. Corn and
oats were steady and cloverseed was
dull.
Wheat quotations: Cash No. red.
e3A &c; May opened with a decline OF
&c at ssAc, and declined TO s7hc:
July opened at g4Ac and declined 10
s4hc: No. / white. 92Ac.
Coarse grain quotations: Corn, cash
No. 3, 47c; No. 3 yellow. cars at 4sc
No, yellow. cars at 461c. at
46hc. Oats: Standard. cars at sac:
No. white. SO lsc. Rye: Cash No. l.
S4Ac: No. 2. s3c Beans; Cash. 81 95;
March, 81. Cloverseed: Prime spot and
March. $3.50: prime alsike. 1910. Tim
| othyseed. Prime spot s4.75.
Receipts in the Detroit market Tues
day included 610 bbls OF -four, cars
wheat, % of corn. of oats and 1 of
rye Withdrawals were s,723 bu OF
corn. Stocks are 451,911 bu OF wheat.
309.330 bu OF corn. l37.493 bu OF oats.
s.3i2 bu of barley and ST.9S2 bu OF
rye.
Liverpool wheat closed I'd lower
and corn unchanged
Wheat stocks at Minneapolis increas-
cd 275,oo0 bL in three days
Louis. $4,000 bu. against $4,000 bu q
year ago: Kansas Cit, 80 cars, against
IS; Omaha, II cars, against 81; Du-
luth. 56 cars. against 81; Minneapolis.
4.
cars, against 316
The European wheel visible supply
increased 100000 bu last week.
against a decrease Of $4,000 bu the
week before
The increase OF 1900 900 bu in the
worlds visible supply OF wheat makes
the total ISL .392, 900 bu. or 1890, 90 bu
greater than a year ago.
Primary wheat receipts were $4,000
bu against es5.000 bu year ago.
Exports of wheat and -four werc
equal TO $1,000 bu.
CHICAGO GRAIN OPENING.
CHICAGO, Feb. DRAIN opening:
May wheat unchanged; July ~ lower
: FIay corn unchanged; July y dcwn.
May and July oats unchanged. Pro-
| visions were fractionally lower.
Noon: May wheat declined &c. July
down NC May corn declined &c, July
/, down sc. May and July oats down
&c.
/ Close: May wheat declined 1c; July
down NC. May corn and July corn
down nc. May and July oats down