The Detroit times., 1911-01-12
GRAIN AND PROVISIONS.

! DETROIT. Jan. 1l-Close Russia
is sending out complaint about the
4 growing wheat crop similar 10 that Of
the southwestern states The plant Is
! unprotected and weather very severe
| The Increase in wheat stocks In Eu-
| rope gave the markets there an easy
| tone and IL is reported that the only
| bullish feature over there Is the
strength in the American market,
IL Is quite clear that recent selling
| of wheat In Chicago was not the work
! of heavy bull interests who are re-
celving credit foT-toosting prices. On
the contrary these operators have
| increased their holdings\and have 4
| tighter grip than ever on the market.
| The selling was all by small dealers
who could not rest easy without Sc
curing their profits. and these bulls airs
expected to buy twice as much wheat
! when they go in again. The Chicago
market on Tuesday was largely left TO
| itself and naturally worked a little
lower, but responded promptly TO any
support IL got from any source. One
/ of the chief bullish points Is the lack
| Of snow I'm the southwest and the pros
long period OF drought, which left the
plant very weak and In no condition
to overcome hardship. Light primary
! receipts and increasing demand help
some but Chicago IL not selling much
| cash wheat. In Minneapolis the stocks
OF wheat are being reduced and farm
erS are said to have little more wheat
TO sell and are holding for higher
jrices
The market has recently broadened
out greatly and there Is enough buy
ing power to take care ora moderately
large realizing movement. but IL Is not
sufficiently broad Yet to permit the
unloading OF the long stun held by the
bull clique.
tered some selling that took \ c OF the
price. Later the buying pressure in =
creased and the loss was recovered.
making the close 1c higher than Tues
I,. Il
vanced &c. Cloverseed was active and
firm
Wheat quotations; Cash No. 2 red.
s9c asked May opened without t,, change
lslO3A and closed at s1.04A July
opened at 9SIsc. advanced To s9hc. de-
clined TO 99c and closed at 99l1c: No. 1
Coarse grain quotations: Corn, cash
No. 3. 4sc No. 3 yellow. car at ACC;
No. 4 yellow. Scars at i7c. Oats: Stan
G SarS a. sSe No No White BEANS sSs d Rys
s2.O5; March. s2iO. Cloverseed: Prime
spot. SO bags at $40; March. s9,13:
sample. 80 bags at $3.50. 10 bags at
1875, 10 at Z, at $3.50: prime alsike
80: sample alsike, bags at ss.25. 5
at $50. Timothyseed; Prime spot. 20
Receipts lin the Detroit market Wed
nesday included 500 bbls OF -four, 10
cars OF corn, j car OF oats and / OF
rye. Withdrawals were 400 bblS OF
-four, s674 bu OF corn and 1896 bu OF
rye Stocks are 5O4,063 bu OF wheat.
,563 bu OF corn. 1887 bu of oats.
1876 bu OF barley and 35,111 bu OF rye.
Liverpool wheat closed unchanged TO
y d higher.
Receipts OF wheat on Wednesday: St
Louis. $4,000 bu. against $4,000 bu a
year ago; Kansas City. 81 cars. against
30; Duluth, 80 cars,a gains: as: Mime
apolis. 1876 cars, against 339: Winnipeg,
II cars, against 160.
Exports of wheat and flour Wednes-
day were 10000 bu.
Primary wheat receipts were S6s,000
blu, compared with $500 bu a year ago.
CHICAGO GRAIN OPENING.
CHICAGO. Jan. Inlay wheat up
&c: July up isc. May and July corn
up &c May oats up sc: July up hc.
Provisions fractionally lower
Noon: May wheat kc higher; July
&c higher. May and July corn down
&c May and July oats down &c. Pro-
visions fractionally higher.