The Detroit times., 1911-06-01
GRAIN AND PROVISIONS.

DETROIT. June l.--Close-There II
a feeling OF relief In wheat since the
close OF the May deal, but prices did
not show much change early In Thurs
days session. Liverpool took some
strength from the upturp here, but was
quoted easy later There Is not much
In sight TO cause strength abroad as
crops are looking well and plenty OF
cash wheat Is offered.
The feeling Is that the bull Campaign
will be continued through June and
July, and 1t IL to the interest of the
holders of the enormous stocks In Chi
cago To have this idea believed In by
the public. but IL Is hard to see what
good they can do to themselves by
carrying the deal into the new crop.
Natural conditions do not promise any
better chance TO unload later than
now, in fact the movement OF new
wheat is now so near at hand that a
bull campaign appears to be out of
the question They are already har-
vesting In the south and short time
viii see the Ieapers at work all over
the southwest. with a prospect of a
heavy crop and this wheat will soon be
competing with the old crop, for which
there Is no present demand. Europe
| offers no outlet at present prices and
there Is too much OF Ii TO supply the
With all the bearishness OF the pres
i ent situation, however, there Is mucl,
fear on the part of the bears and they
are not sosvefy sure that prices will
4
course. This prevents an attack on the
I market. and helps TO sustain values.
! Wheat was strong and closed &c higher
| for cash. Ia higher for July and "a
higher for September Corn gained lie
| and oats advanced &c.
| Receipts in the Detroit market on
/ Thursday included 500 Ibis of -four,
cars or wheat. OF corn and IL of oats.
| Withdrawals were 500 bbls OF -four.
Stocks are 20s,103 bu OF wheat 219,673
bu OF corn. s,12s bu OF oats and 6.134
bu of rye
| Estimated exports from Argentina
this week. 100000 bu of wheat
Stocks OF wheat in Minneapolis de-
creased 215.0e0 bu for Ave days.
Receipts of wheat Thursday. Min
neapolis. 145 cars. against 137 a year
ago: Duluth. 166 cars. against IA: Chi
cago. 1S6 cars. against IL; Winnipeg,
SIS cars, against 81; ST Louis. $4,000
bu, against $4,000 bu. Kansas City, 20
| cars, against 26
Primary wheat receipts were $4,000
blu. against 26o. 900 bu a year ago.
Exports OF wheat and -four Thurs
Liverpool wheat closed u a I'd and
corn u d higher.
Wheat quotations-cash. No. 2, red
s2c asked; July opened without change
at sic: September opened at s9c. ad-
vnnced to s0hcl and closed at s9Ac;
No. 1, white. Gle.
Coarse grain quotations--Corn: Cash,
. No. 8. yellow. i car at SEC. No. 1. yell
low car, smuthy, at I'D u q saHsgse,
cars at soc. at 52c.5s- 3 i go,
Oats--Standard. cars at 371sc. clos
ing at 37Ac bid: No. 8. white 8 cars
at SIC. closing at 37hc.
Cloyerseed-Prime spot, 1925, Octo-
Der, $500; March. $3.50: prime alsike.
20: August alsike, 1878.
Timothy Seed-Prime spot, $3.50.
Beans--Prompt shipment east west
and south. $3.50; June shipment east.
west and south. $1.S7: October ship
ment east, west and south, $3.50 bid.
TOLEDO GRAIN AND PRODUCE.
TOLEDO, June Wheat Cash,
slhc: June and July, 91Lc; Sept,
SO a c: Dec, e2c. Corn; Cash, $50: July.
55Ac; Sept, 56ikc; Dec, 54hc Oats:
Cash, 2aHc; July. 3shc: Sept, 3sL G;
Dec, 39c, Cloverseed: Cash, 1910; Oct.
Dec. and March. $685.. Alsike: Prime,
1926. Butter. eggs and hay unchang-