The Detroit times., 1911-01-28
GRAIN AND PROVISIONS.

DETROIT. Jan. 27.-Close Some
dealers were inclined to blame Tree
trade talk for the early weakness In
wheat on Friday, but others attributed
the weakness TO the heavy exports OF
new wheat from Argentina and me
general bearish tone OF market news.
Europe has wheat offered from all d.
rections and the news on this side has
been working in favor OF the oea-s
for several days.
Recent news from the southwest has
been increasingly bearish for some
DAYS owing to more moisture and mild
weather A cold wave is supposed to
be on Its way. but Ii may not be sc.
we're enough TO do any harm, and good
will be done If the rain turns into
snow. The movement OF wheat In the
southwest ID large, which Is taken 20
show that the crop outlook cannot DO
Northwestern news Is not so bullish
as IL was. Dealers there said receipts
were TO fall TO nothing in few days.
but now II Is reported that Inc eie
vators are receiving plenty or wheat
from farmers and receipts are sure %
continue heavy for some time. Mills
still complain OF light flour demand
Dealers are watching closely Tor IN
dications OF crop damage In the south,
western fields and Will be governed
largely by the news from that dlrec-
tion during the spring months II Is
on the bad outlook for winter wheat
tina: the bulls are banking.
Wheat was quiet and weak most OF
Fridays session and the close was at
loss OF ihe The coarse grSins were
low corn. which declined nc Timo-
ihyseed advanced loo.
Wheat quotations.: Cash No. red.
s5 &c: May opened with drop OF ,sc
at $1Oi, touched sl.00h. advanced co
$l.00s. and closed at $1,000 July
opened at sehc. dropped TO sec. add
yanced 70 ss,te and closed at $3.50;
Coarse grain Quotations: Corn, cash
No. ,. 47he; No yellow. = cars at
4s1c; No. yellow. 2 cars at tIc. at
46Ac. at 46isc; old No yellow, l
l4lsc Oats Standard, soc; No.
at ssse; No. ?. ssc Beans; cash.
SPOT spSS ana Mar March V .s7s sample is Bags
at s25, ~ at IS. "a at $3.50; 10 at
1926, Is at 81; prime alsike, 1910; sam
pie alsike, 15 bags at $s.25, at $3.50
s475.
Receipts In the Detroit market Fri
day included 245 bbls OF flour. cars
OF wheat. 20 OF corn. of oats and OF
rye Withdrawals were 200 bbls or
flour and 1880 bu OF corn. stocks
are ass, 400 bu OF wheat. 259.9l5 bu OF
corn, 13S.003 bu OF oats, 1912 bu or
barley and 2s,gos bu of rye.
Exports OF wheat from Argentina
this week were S,360.00O bu, comparef
with $4,000 bu year ago
Wheat receipts on Friday: 81. Louis.
$1,000 bu. against $4,000 bu year ago;
Kansas City. so cars. against &c: Min
neapolis, 316 cars. against 800; Duluth.
So cars, against so; Winnipeg. ~ cars
against 1872 -.. ...-.
Liverpool wheat closed s. a sd low
err
Primary wheat receipts were sos.ooo
blu. compared with $4,000 bu year
ago
Exports OF wheat and -four Friday.
$4,000 bu
TOLEDO GRAIN AND PRODUCE.
TOLEDO, O.. Jan. 27-Wneat: Cash.
sec: May. 9shc; July. sShc Corn:
Cash, 4sc; May, sac, July. sc. oats
Cash, 3sc May. 37ikc; July, sc. Rye:
No. q Sac: No. Sc, sic. Cioyerseed:
Cash and March, $S.s7 n April $50;
Feb, SSH Oct; $3.50; Jan, Ss7h
Alsike: Prime. $3.50. March. $40
Timothy: Prime, SASS Butter. eggs
dnd hay, unchanged.
CHICAGO GRAIN OPENING.
CHICAGO. Jan. 27.-Grain opening
MAY wheat &c lower. July &c down.
May corn &c higher; July unchanged.
May oats. advanced lsc; July unchang-
ed Provisions steady TO iractionally
higher
Noon: May wheat down sc; July
sc May corn declined Lc; July lsc.
Nav oats and July oats dropped hc.
Close May wheat, liac down, July
declined sc May and July corn down
sc May oats down Vet July sc.
Provisions fractionally lower.