The Detroit times., 1911-01-21
GRAIN AND PROVISIONS.

DETROIT, Jan. 2l.-Close--F'riday's
decline startled the bulls. but are still
advising the purchase OF wheat on de-
clines. Most OF the recent news has
near the close on Friday shows that
some oi the Sulls weakened and Sc
cured their profits. There are reports
OF Minneapolis mills closing down pc
cause they cannot sell hour nut pet
ter trade IL expected SoOn.
No one knows who sold the wheat
that broke the market on Friday. some
brokers think the leading holders at /.
on the early bulge. which had been
created earlier by good buying. 1t Is
general beliet that the May option
around a dollar will receive good sup
port from the heaviest holders. al
though the general trend OF the news
Is against holders. Traders are more
than ever AT sea, for they cannot tel
anything about the action OF the
Al mour- Lichstein interests. They arc
accused OF selling on the bulge and OF
buying back more than ever In the de-
cline. some believe they hold more
wheat than ever. but there Is an IN
crease In the feeling OF bearlshness
and buyers have lost some confidence.
Meny brokers still urge the purchase
OF wheat or all breaks. Liverpool was
steady on Saturday, but foreign news
Is generally bearish.
The feeling I'm wheat early I'm Satur-
days market was bearish and prices
lGteI. When.it came near closing zine.
however. there was a rush OF selling
and the close was at loss OF lc Tor
the day.
Corn recovered l-4c; oats were steady
and clovcrseei declined 25q soc.
wheat quotations-Cash: No. 2, red.
81 lac May opened without change at
Closed Lose ' at 500. July opened at ssMe,
dec lined To 9S. advanced to 9s1ac and
closed at sTisc. No. !. white. sS1-te.
Cash grain quotations-corn; Cash.
No. g. 4sc; No. 3, yellow. cars at 4?t
No. L. yellow. l car at 4Ihc: No. 5.
white. cars at As l-4e; sample. car
at acc.
Rye-cash. No: 4. $50; No. 2, tshe.
Beans--Cash. s2.os: March. $2.1O.
Cioverseed--Prime spot 100 bags at
Is bags at ;S.25; 20 at IS; il at s775: so
at $3.50: 30 at 81; Is at $7.2b; at 10:
prime alsike, ss.io; sample alsike. Ia
bags at ss.25: ~ at $3.50.
Timothy seed-Piime spot, 100 bags
Receipts In the Detroit market SAT-
urday included CSC bis. OF Hour. 1 car
Of wheat Is Of car ane 81 oats. M 7nI
bu OF corn, 1850 bu of rye. stocks are
I47749l bu of wheat. 2t6.s25 bu OF corn.
l3S.503 bu OF oats, 1872 bu OF barley
and 35.0S3 bu of rye.
Stocks OF wheat at Minneapolis de-
creased 1000 bu for one day.
Receipts OF wheat Saturday-Duluth.
SO cars. against SIS ears a year ago;
Minneapolis. 270 cars. against 23S; 81.
Lopis. $4,000 bn. against $1,000 bu'
Kansas City. so cars. against III; Win
nipeg, scars, against 156
Expovrts OF wheat AMI -four Satur-
day, l52 900 bu.
TOLEDO.
TOLEDO. o.. Jan. 2I-Wheat-Cash
CSC; May, sl.oi%: July. s7he. Corn
Cash, isisc: May. 51hc; July, S2Nc
oats-cash, .35c, May, s7,sc: July. s7e
Rye-No. 2, sac: No, 3, sic. Cloverseed
Cash and March, $3.50; April. Ss.oo;
Feb. $3.50; Oct. 1855: Jan. $3.50, Al
sike-Prime. 81. so: March. $40. limo.
thy-Prime. s4.75. Butter, eggs and
hay unchanged.
CHICAGO GRAIN.
CHICAGO. Jan. 2l.--Grain opening
May wheat &C lower, July he down:
Mas and July corn advanced &c. May
and July oats unchanged; PROVISIONS
were steady TO fractionally higher
Ciose-May wheat of &c. July on
lie. May and July corn. OF Ac. May
| and July oats declined hc, Provisions
: steady TO fractionally lower.
| Quotations by Hayden, Stone Co,