The Detroit times., 1911-05-30
MGrkets and Finance
GRAIN AND PROVISIONS.

DETROIT, May 2s.--close: Realizing
sales OF wheat were the order OF the
Gay In Liverpool. and the result was a
sharp break in prices All the foreign
news was bearish and holders became
quite discouraged The worlds exports
were larger than expected. and SO were
Russian exports. and better weather
and improved crop conditions We're re-
ported all over Europe.
Crop conditions were greatly I'M
proved over the winter wheat belt dur
ing sunday and Sunday night. because
OF rains. In some cases the precipita-
ton was abundant and ~ was still rain
ing In some places on Monday. The
moisture was very beneficial over Kan
sas where much complaint had been
made recently. With the rain came
spring wheat states The northwest
reported some frost. but not enough 20
do any harm 10 wheat.
The natural result OF the change IN
weather will be decline In prices
provided the market is permitted 10
take its ordinary course, but these IN
nuences may be offset by a nnal eHort
on the part OF the May shorts TO cover
or a bullish demonstration on the part
OF the bull leaders who have enough
July bought 10 prevent decline under
general selling. A bear turn Is eN-
pected. for II was the hot weather talk
that caused the recent strength, but
the bears are not too sure of their
ground.
Wheat was dull and easy In the De-
troit market on Monday, and closed at
a decline OF nc In cash, and y c in the
futures May in Chicago was strong.
but other markets did not follow, Corn
declined hc. oats. rye. beans and seeds
No exchanges viii be open on Tues
day.
Wheat quotations-cas No. red
and May, sic; July opened with drop
OF &c at ssAc, advanced TO ssAc. and
declined 10 SSAc; September opened at
sec, advanced to ssAc and declined to
SsAc; No. / white. 90c.
Coarse grain quotations: Corn-Cash
No. 3. 56c; No. 2 yellow. cars at 81 c.
oats--Standard. 3sc asked: No. 3
white, 37hc asked.
Beans-cash, 1924; October. s1.95.
Cloyerseed--Prime spot. ss.25; octo-
Der, $3.50; March. $50; prime alsike,
50; August alsike, 1915.
Timothy seed-Prime spot. $3.50
Receipts In the Detroit market on
Monday, included $50 bills Of Hour, 1
oats. Withdrawals were 400 pbls OF
-four Stocks are III, 006 bu OF wheat.
212,751 bu Of corn. 9,l2s bu OF oats, and
6.i34 blu of rye.
Liverpool wheat closed lalAd. and
Minneapolis wheat stocks decreased
$50. 900 bu for two days
Worlds exports OF wheat last week
were IS,44U,OVU Du, OF which fSuSStd
furnished $4,000 0bu, and the Danube
$4,000 blu.
Wheat on passage TO Europe de-
creased 1.s44.0Q0 bu last week.
Receipts OF wheat Monday: Winnl-
peg, l03 cars, against 40 a year ago:
St Louis, SO, 900 blu: Duluth. 20 cars:
Minneapolis, 22s cars: Kansas City, 80
cars
Primary wheat receipts were $4,000
bu
The visible supply of wheat increased
1.013, 900 bu last week, OF corn de-
creased $500 0bu, and Of oats. de-
creased 461. 900 bu.
CHICAGO GRAIN.
CHICAGO. May 29.--Opening: May
wheat of Nc July of &c. ANY corn
on &C. July on sc. May oats or &c.
July up &c Provisions were lower
Noon-Wheat: May up 2kc, and July
up sc Corn, May and July unchanged.
Oats: May up &c. July up &c.
Clpse-Wheat: May up SIC. July up
&c Corn: May on 1 NC. July OF a c.
Oats. May up sc, and July UP ~ c.