The Detroit times., 1911-04-18
GRAIN AND PROVISIONS.

DETROIT. April iS.-Close; Home
News Oh Tuesday had little 10 encour-
age belief In higher wheat prices.
LiN eTpool was higher, but not more so
than expected. With light worlds ex-
ports, an expected decrease In stocks
and most OF the wheat on passage
headed for continental ports, an ad-
vance was TO be expected. but condi-
tions I'm Argentina and India were
bearish and Liverpool is not expected
TO stay nrm.
Dealers felt rather at loss early
on Tuesday because IL was the general
belief that the reciprocity measure
with Canada would be passed during
the day or on Wednesday. and that is
supposed 10 be "A very bearish consid-
Grafton, although some prominent deal
ers believe IL will have little effect.
having already been thoroughly dis
counted
Minneapolis reported a good cash
demand and fair sales OF Hour. Stocks
of wheat there decreased for the day.
The weather forecast was considered
mildly bullish. as cooler weather is
however. were considered excellent
and those who were bears few days
ago feel the same way now. They
consider a winter wheat crop OF $780,
600, 900 bu a very conservative estimate
and the cold has not yet lasted long
enough TO cut much OF a figure In re-
ducing the spring crop prospect.
Tuesday. bearishiy efected by good
crop conditions and bullishly by re-
ductions in stocks At the nnish cash
and May wheat were OF lie and the
new crop features &C.
Corn advanced &c. oats lost hc and
October beans was bid up use.
Wheat quotations: Cash No. red.
SIC; May opened without change AT
SSAc, lost Ac. moved up TO SIC, de-
ciined to sThc and closed at s. NC;
July and September opened at 81 Nc.
touched see gained &c. declined 10
Sc c and closed at SIC; No. white,
s5hc.
Coarse grain quotations: Corn-Cash
No. ). 50Iac. No. yellow. l car at
52Lec; No. yellow, / car AT soc. oats
standard. car at SIC; No: white.
1 car at S6Ac. Rye-Cash No. 1, y3c;
No. :. s2c. Beans-Cash. sl.sS; May.
$l.97: October. $l.75 bid. Cioverseed---
Prime spot so bags at 1915, April,
$685. sample. 20 bags at $685.. II at
$3.50, y at Z. 10 a. s6;.prime alsike.
1915, sample alsike. bags at 81 so.
Timothy seed-Prime spot l25 bags at
5.25.
Receipts on Tuesday in the Detroit
market included 400 bbls OF -four.
cars Of wheat. OF corn, OF oats and
/ OF rye. Withdrawals were 400 obis
of -four. stocks are sl2.44s bu Of
wheat. 23l.11 blu OF ccrn. 54,2l4 bu OF
oats and 1902 gu OF rye.
The worlds wheat visible supply de-
creased 39S6, 900 bu last week.
Wheat stocks at Minneapolis de-
creased a0U.OOV Du In three udS
Primary wheat receipts were 2Is,OOO
Blu. against 23S,00O bu a year ago.
Exports OF wheat and flour Tuesday.
Liverpool wheat closed "a q 9sd and
corn - Qlisd higher.
The European wheat visible supply
decreased l.176.000 bu last week.
against an increase of l.2lO bu last
year.
Receipts of wheat Tuesday: 81.
Louis. 10000 bu. against $4,000 bu a
year ago; Kansas City. cars. against
80; Minneapolis. l04 cars, against 6S'
Duluth IS cars, against 50; Winnipeg.
lsi cars against 232.
CHICAGO GRAIN.
CHICAGO. April 1S.-May wheat of
&c. July OFF sc. May corn up sc.
July up &c. May oats OF &c. July I'M
changed. Provisions, steady.
Noon-May wheat up sc. July up
sc May corn up hc. July unchanged.
May oats up nc. July &c.
Close-May wheat Off &C, July OH
asc May and July corn on sc. May
oats up y C. July unchanged. Provisions
lower.
q