The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-01-12
GRAIN AND PROVISIONS.

DETROIT. Jan. l2.--close, Liverpool
moved up at the opening on Thursday
because OF the American Strength and
a Arm tone In Argentina. There was
not much bullishness In the European
situation. whore crop prospects are Inn
pI owing and stocks OF wheat increasing
One feature OF the Chicago market on
demand. and some Canadian wheat was
sold for export. Kansas city mills were
buying in Chicago, which u the lowest
crop market In the country.
representative OF Texas mills was
In Chicago on Wednesday and bought
wheat for grinding. The trade has
found that instead or permitting the
market 10 sag back after period Of
strength the bull leaders are ready q
take the offerings OF those who wisf
To sell out. and this forces short sell
ers on sellers OF long wheat To buy
promptly on the little breaks. There Is
no safety on the short side OF the deal
at present. The action OF the market
this week has given great deal OF
assurance to the bulls
Traders In the Chicago pit say the
big bulls sold early and bought the
wheat back later, whipsawing the
crowd. When the market appeared
ready for break they bought and put
prices up. There 10 not much short In
terest In the market and those who
are afraid To follow the fortunes OF the
bulls are Keeping out. The most bull
lsh feature Is the steady hardening OF
cash values and reduced selling by
farmers. while milling demand is In
Creasing.
The wheat market was about steady
most OF Thursday. Fluctuations were
narrow. but the Chicago market was
Inclined TO work a little lower. Liver
pool had firm close with "A fair ad-
vance. The days news brought out
closed unchanged and the futures Nc
of No. 1 rye lost NC and the other
coarse grains and seeds were steady. !.
Wheat quotations: Cash No. red
sLo4M. touched s1O4. gained Nc and
declined 10 $i.O3A; July opened at
99hc. lost &c, advanced PC and de-
clIned TO ssc; No. l white. ssc.
Coarse grain quotations.: Corn-Cash
No 3. isc: No . yellow, 2 cars at isc;
No 4 yellow, | car at 47c. at 46hc:
sample, ] car at 45hc. at Acc, Oats
standard. 2 cars at 80 Nc; No white
SssMc. Beans%cass, ,2,o5; March. s.. 10
cloverseed-Prime spot. $40; March.
$s.l5; sample, 90 bags at $3.50. 20 at
IS. 3 at si.75. 20 at $3.50. at 1926. )
sike, bags at IS. Timothy seed
Prime spot. 10 bags at $3.50.
Receipts in the Detroit market Thurs
day included 400 bbls OF -four cars OIL
drawals were 400 bbls OF flour. Stocks
are 504. 063 bu OF wheat. 2s5,49l bn OF
corn, l4l.532 bu OF oats. 1876 blu OF
barley and 35,l bu OF rye.
Liverpool wheat closed sd higher
Primary wheat receipts were $4,000
bu against $4,000 bu year ago.
Exports OF wheat and nour Thursday
$4,000 bu
Wheat receipts Thursday: Winnipeg
8 cars. against la a year ago; 81
Louis SO cars, against S. Kansas City
20 cars. against So; Minneapolis. lsl
cars. against 500; Duluth. rs cars
against a.
Heavy rains in India are causing
some anxiety.
Indian wheat exports this week, l.
Estimated Argentine wheat exports
this week, 100000 bu.
TOLEDO GRAIN AND PRODUCE.
TOLEDO. O., Jan. I2-wheat: Cash
S1OOA; May, $1.O3A July ssAc. Corn
Cash. 4sc: May, 52hc; July, 5Shc. Oats
R ssn' No. o. g sac. way No. 3. Soc cioverseed
Cash and March. $9.15; April. 1886: Feb
s9.l5; Oct. s7.72h; Jan, 1915. Alsikc
Prime. $3.50; March. $40. Timothy
Prime, s4.65. Butter: Creamery, tubs
2she; prints, sOhc; dairy, Csc. Eggs
Fresh fancy. 3sc; candled. acc. Current
receipts, %. storage, "a. Hay un-
changed.
CHICAGO GRAIN OPENING.
CHICAGO, Jan. 12-Grain opening
May wheat up nc: July down rc MAJ
corn corn advanced Ae' July snG nahs q
ed. Provisions steady TO fractionaliy
lower.
Noon; May and July wheat up NC
May corn down &c; July unchanged
May wheat declined &c: July wheat
down nc. May corn down nc; July
down &c. May and July oais down
&c. Provisions fractionally lower.