The Detroit times., 1911-02-08
GRAIN AND PROVISIONS.

DETROIT, Feb. s--Close: The bulls
are taking sons - mfort out OF the Fact
that one OF the Dig Minneapolis mills
has started up again. but there is rot
much real Improvement in the Hour
situation, and cash wheat Is very duh.
While receipts are small. there IS an
oyer-supply at many points. The bulls
got tired on Tuesday. and flooded the
Chicago market with their wheat. max
ing a very weak market, which was
responded to with only small de-
cline in Liverpool on Wednesday morn
Ing A bigger foreign break had been
figured on.
The extent OF Tuesdays decline sug-
gested caution on the part OF the bears.
as the market was believed 10 DE over
sold and a rebound OF some kind was
expected, but IL did not come. While
commission houses were advising eau
ton. they were not talking bullish
ever and little more SO. Stocks OF
wheat are burdensome and demand for
-four is not increasing. There Is no
chance for exporting wheat anywhere
near present prices.
Moisture has come to the dry parts
OF the winter wheat belt. and the crop
outlook is'greatly improved. The acre
age sown last fall was unusually large
provide a great deal OF wheat The
bears feel that practically everything
is In their favor, and pay little atten-
ton TO the decrease in receipts.
Wheat was easy early on Wednesday
, and the price lost iac. This, however.
vas recovered later. and the close was
steady. Corn declined &c. and oats
were easy. Cloverseed was firm, and
timothy seed advanced l5c
Wheat quotations-Cash No. red.
sac: May opened without change at
sIlsc, declined to &c. and closed at
s7isc; July opened At s4lsc. declir ed
TO SAC. and closed at s4Ac; No. white.
SPIKE
Coarse grain quotations: Corn--Cash
No 3. ts'ie; No. yellow. : cars at
asa, C. at 45hc: No. 3 white. cars
at i7l.c: No 4 white. 3 cars at 45 &c.
oats-Standard. 34c asked; 10. >
white. 33lc
Rye-Cash No. I, S414c: No. 2, sac
Beans--Cash. 1 car at sLY1. 1 at So;
CIoverseed-Prime spot and March.
ss.sS; sample 70 bags at $50 20 20 az az
1925, . at 1915, at Sc; prime alsike,
$3.50; sample alsike. bags at $500. 5
at $3.50
Timothy seed-Prime spot. 90 bags
Receipts in the Detroit market on
"Wednesday. included 400 bbls OF hour,
81 ears OF corn, and OF oats. With
drawals were 400 bbls OF flour. Stocks
are 451.o11 bu Of wheat. 31o.212 bu OF
corn, 137.493 bu OF oats. 3.3I2 bu Of
barley. and 1882 bu OF rye.
Primary wheat receipts were $4,000
~
Liverpool wheat closed II sd, and
corn I'D lower.
Receipts OF wheat on Wednesday: 81.
Louis $4,000 bu. against $500 bu a
year ago: Kansas City. 50 cars. against
IS a year ago: Omaha. II cars. against
%: Minneapolis. 179 cars. against 449:
Duluth, rs cars, against 81: Winnipeg.
20 cars. against 1873.
Exports of wheat and -four Wednes-
day. $4,000 bu
TOLEDO.
TOLEDO. o., Feb. s.--Wneat--Cash,
s4c: May, ssisc: July. Csc. corn-Cash.
4Ic; May, 5ltc; July, 521sc. oats
Cash. 331ac: May, 3ihc; July, 347sc-
Cloverseed-Cash and Feb. ss.55:
March, ss.s2Is April. $3.50; Oct, 1855.
Rye-No 2. SIC: No. 3. 79c. Algikc--
Prime. 1895; March, $40. Timothy
Prime. $50. Butter. eggs and hay.
unchanged
CHICAGO GRAIN.
CHICAGO. Feb. s-Opening: MAJ
wheat up sc, July up sc. May corn
unchanged, July steady Nay oats
down sc. July steady. Provisions
lower
Noon-May wheat was of &c. July
OF &c May corn was of &c. July on
&c. Nav oats were of sc. July oats
on &c
Close-May wheat of &c. July off
isc May corn OF &C. July on &C.
MAY oats down &c, July on &C. Pro-
visions ruled weaker.