The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-04-08
Markets and Finance

came in with a define on Saturday pc
cause OF estimates OF heavy exports OF
wheat FOR the week. AUSTRALIAN snip
ments We're very large and Argentine
showed an increase over last week
Some OF the early news was bearish,
Kansas city wiring That hour could
not De sold and the larger mills were
shutting down
strength in wheat came from the
northwest. where some revival I'm nour
trade was reported The mills were
buyers OF May and duly against hour
sales oklahoma came 10 hand with
green buy scare and exporters re-
ported no chance for foreign trade be-
cause OF an advance In ocean freights
THIS furnished news favorable 10 both
sides Of the deal. but Oulltsh conditions
held sway IN The early market and an
early loss In prices was recovered.
Thursdays decline was very disap-
pointing TO the bulls. as they had not
inquired On the market nattening out
as II did at he close There was some
disposition TO charge leaders with AIN
attempt TO control prices without re-
gard FOR the actual conditions Judg
ment vas that the buying for the past
TWO days MAS mostly by shorts. and
when that was over nothing was left
10 support the market Then came a
scramble between short sellers and un-
leaders OF long wheat TO take adVan
tase OF top prices
The early strength OF Friday may
have been caused, IN part at least. by
an oversold condition OF the market.
for crop news was decidedly bearish.
Wheat Was greatly excited on Friday
and changes In prices were frequent.
The close was 81 an advance OF lc In
cash and May, isc IN July. and un p
changed in Sept
Corn and oats advanced !. T. and were
strong al the close
Wheat quotations Cash No, red.
s6S MAY opened with a deCllr~ or
"A - at 50 "A G. advanced 10 SCI {. declin-
Ell 10 soc and closed at SIC, July open
ed at So. e. moved up TO SIC. declined
20 S6%.c. anu closed al sac Sept.
opened at S6A,c. gained isc ana de
grain quotations Corn. cash No. 8.
isc. No J yellow, cars az 4sc cats
standard. car at 33 4c. closing at
SS% No 3 white. S3Ac Rye cash
No Z, g3c No ,. s2c Beans Cash.
Sls6 May. 81 bid Cloverseed. Prime
spot $50 April, $500: sample. 20
50 prime alsike. IS. sample alsike.
bags at 115 Timothyseed. Prime
spot, ~ bags at S. 20
Receipts in the Detroit market Fri
oats Withdrawals were $40 bbls OF
Hour Stocks are 3ls,S+9 bu OF wheat,
49,, l:s bu OF corn. 3d. 1873 bu OF oats.
1000 bu OF barley and 5000 bu OF rye
Liverpool wheat closed :. u sd and
corn = lower.
Primary wheat receipts were $4,000
bu, against +59. 900 bu a year ago.
Estimated worlds wheat exports for
the week. exclusive OF North America.
- 900. 900 bu. against l2.l44.000 bu a
week ago and ~. $4,000 ou year ago.
Receipts OF wheat Friday; Kansas
city IL cars. against 81 cars year
ago. 81. Louis, $4,000 bu, against $4,000
ou, Duluth, cars. against IL. Mime
apolis, sc cars against lo2; Winnipeg.
2Ol cars, against 2l7
Australian wheat exports this wee X
were 3.60S.Oo0 bu. against l.s96.00 bu
year ago. Indian. s6S, 900 bu. against
100000 bu Argentine. 36Ss000 hu.
The Argentine wheat visible supply
is 100000 bu. against 2.4sO,0OO ou a
year ago.
TOLEDO GRAIN AND PRODUCE.
.-lI EDO mil = " h. - Cas- IA