The Detroit times., 1911-01-10
GRAIN AND PROVISIONS.


DETROIT Jan. 1O-Close: The open
Ing in wheat In the Detroit market
was steady, but the buils were diaap
pointed Chicago sent out bullish let
ters and urged buying on all reactions
putting forward as reasons the state
ment that America has already exported
all the wheat thai can be spared from
this crop and the poor condition OF
winter wheat. The southwest Is getting
severe weather and the plant has had
a poor start.
II is a fact that great deal OF Ions
wheat came on the Chicago market ot
Monday from professional traders wno
have done very we'll on the advance
but the bulls were not surprised al the
decline resulting from the unloading
in fact greater slump had been sx-
pected. While many individuals took
profits. observers say the heavy bull
talent made no attempt oget out Of
their holdings. il is figured that Tao
Armour interests hold as much Man
wheat as ever. or probably more. T3t
big mills at Minneapolis are paying l,
ever the May price for cash No.
northern ard stocks there are now de-
furnishing bullish news. showing de-
crcasing stocks and active buying by
mills
Dealers are lookins for a further re-
action They figure that the advance
has been too rapid and that the big
holders dare not attempt 10 sell their
lines at present Prices on Monday
Were up 10 u point where nearly all
the lines OF wheat held by eastern cap
italists showed profit. ard il ~ said
many OF the holders arc anxious 10
get out whole. 4 general unloading,
however. would quickly knock the sup
ports from under the market and result
in big slump before half the long
stun could be unloaded The carly
strength in Liverpool did not hold after
II was shown that stocks of wheat in
~. n fvagr 4
The wheat market was quiet and
easy most OF Tuesday. The price lost
NC and recovered half OF IL, closing
&c off for the futures and 1ac for the
cash article. Corn advanced &c. Oats
were dull and steady and cloveyseed
was firm
Wheat quotations: Cash No. 9 red. Csc
asked; May opened without change at
s1.O3e, declined to s1.03 and closed at
$I.63i4. July opened at 9S1.c, declined
To 9sae and closed at 9shc; No. l
white, &C. asked
Coarse grain quotations: Corn. cash
No 3, 4sc; No. yellow, cars at i9c;
No. 4 yellow, 2 cars at 47c, at 46 Hc:
No. mixed cars at 46c; sample.
car at 45c. at 45hc; kiln dried. No 3
35c; No. white. SAVE. Rye: Cash
No. 1, s5c: No. 2. 83hc. Beans: Cash
2.05. March, s2.l0. Cloverseed: Prime
spot. SO bags at 1910; March; :s.i =
NJ SIS. II at $50. liz at s7,25. . al 81. S
at $50: prime alsike. 1910; sample al
sike. ii bags at $40. 3 at s7.75. Tim
Receipts In the Detroit market Tues
day were 1920 bbls OF -four. cars of
wheat, - Of corn and of oats. WITH
drawals were 1000 bbls Of -four. Stocks
are 5O4063 bu of wheat. 294.TsS bu Of
corn. 137,s57 bu Of oats, 1876 bu OF
barley and 36.475 bu OF rye.
Liverpool wheat closed at an advance
rha I-,,ronaan what Visible sunnly
increased 3.9S4,000 bu last week.
Wheat receipts Tuesday: 81 Louis.
- 900 bu against 200 bu year ago;
Kansas City. rs cars. against So; Win
pipeg, 90 cars, against 1874; Minneapo-
lis 14e cars. against 275: Duluth, %
cars. against Ill.
Primary wheat receipts were $4,000
bu against $4,000 bu year ago.
Exports OF wheat and -four Tuesday
5000 bu.
Worlds visible supply of wheat. p
TOLEDO GRAIN AND PRODUCE.
TOLEDO. Jan l0.--Wheat: Cash, 81;
May. sI.03 July. 9sssc Corn: Cash
4gc. May. 52e; July, 53e. Oats: Cash,
S5iac; May. 377se; July. S71ac. Rye;
No 2 s3e No; . soc. Ci9yerse sS E Sas
SS22h Oct. s7.7s; jan. ss.22h. Al
sike: Prime, $3.50: March. $40. Tim
othy: Prime. .$4S5. Butter, eggs and
hay unchanged.
CHICAGO GRAIN OPENING.
CHICAGO, Jan. 1O.--Grain opening
May and July wheat. unchanged. May
and July corn down &c May oats IN
changed. July oats up &c. Provis-
ions fractionally lower.
Neen-May wheat sc lower; July
wheat down &C, May corn up &c;
July advanced sc. May oats un-
changed July oats down kc. Pro-
visions steady to fractionally lower.
Close: May wheat down i.c; July
wheat unchanged May corn "A c high
err July corn isc higher. May oats
unchanged July oats \ &C lower. Pro-
visions steady TO fractionally lower.