The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1912-01-23
GRAIN AND PROVISIONS.

DETROIT, Jan 23.-Close: Heavy re-
ceipts OF both winter and spring wheat
on Monday had a weakening influence
on wheat. and so had good harvesting
weather in Argentina. where IL was
hot and dry. The opening here on
Tuesday was at small decline and
bulls had little TO say as early news
did not contain much I'm their favor.
Australia has recently been Offering
wheat freely and Argentine news is
bearish, and although the visible de-
crease was greater than a year ago,
the reduction in Chicago stocks was
disappointing. The greatest obstacle
10 the advance OF prices just now is
slow milling demand. Flour buyers
are holding off and millers find only
small purchases necessary. At the
duced about 100000 bu. Bulls believe
that the surplus OF May wheat is OF
the market and that congestion will
result as receipts and stocks are grad
ually reduced. They feel that support
will be met on any dip under a dollar
Kansas City Reports that half OF the
wheat in store there Is sold TO millers
IN Texas and the northwest. but south
western receipts cJntinue pretty lib
eral.
Northwestern dealers say receipts OF
spring wheat are about to decrease
supply. but they have said this several
Tuesday because Of clique support in
Chicago. Trading was slow and the
close was at loss OF &c.
Corn gained nc. oats were steady,
beans gained &c and cloverseed ad-
Wheat quotations-Cash No red.
97hc: May opened with loss OF NC
at S1.o1h u. advanced to sl.01+ and
closed at sl.e1H; July opened at s5&c c.
advanced to CSC and closed at s5Ac;
No. / white. 95hc
Coarse grain quotations: Corn--Cash
No. 9. s5ci No 8 yellow, cars at ssc;
No. yellow. l car at SAC: No. 4 white.
I car at s4c. Oats-standard. 62tc;
No. g. SIC. Rye--Cash No. 2. cars at
CSC. Beans-Tmmediate. prompt and
January shipment. y2.43 bid; February,
s2.45 bid: May, ,2.55: Cloverseed-
$3.50; sample, II bags at SIS. 3 at
s11.50: prime aisike, st2: sample alsike,
10 bags at t11.25, at $3.50. Timothy
seed-Prime spot. s7.25. Barley-Best
sample. $2.50q ass per cwt Buckwheat
Good grain, s1.75 per cwt
Receipts In the Detroit market Tues
day included 500 bbls OF -four. cars
OF wheat. of corn, 10 OF oats and
OF rye Withdrawals were 500 bbls OF
oats. Stocks are 559.476 bu of wheat.
1881 bu OF corn. 173.SS0 blu OF oats
I,6i5 bu of barley and 27,239 bu OF rye
Receipts OF wheat Tuesday: Duluth.
Winnipeg. SOS cars. against Go; St
Louis. $4,000 blu. against $4,000 blu;
Kansas City. 6 cars, against 70; Min
neapolis, ~ cars, against 372.
Primary wheat receipts were $4,000
bl. against $50, 900 bu a year ago.
Exports OF wheat and -four Tuesday.
402, 900 bu
Liverpool closed y q va and corn u
6Ld lower.
The worlds wheat visible supply de-
creased 100000 bu last week.
TOLEDO GRAIN AND PRODUCE.
TOLEDO. Jan. 23.--Wheat: Cash,
sshc; May. 31.o1h; July, ssAc. Corn:
Cash. 65kc; May, s7Sc: July. 67kc;
Sept. ssc. Oats: Cash, 51Ac: May.
52i1o: July. 40; Sept. 42hc Rye:
Cash, 95c C1overseed: Cash, Jan. Feb.
and Mar. 1875: No. 2. s13.25; No. g.,
sl3.io; rejected, Sass. Alsike: Prime
and Jan. s123o; Mar. ,12s0. limo
thy: Prime and jan. $40; Mar. S7.45.
Butter. eggs and hay: Unchanged.
CHICAGO GRAIN OPENING.
CHICAGO. Jan. 23.--wheat: May
down &c: July down &c. Corn: May
and July down &c. Oats: May un-
changed; July down &c. Provisions:
Noon9wheat: May up sc; July un-
Corn: May and July un-
changed Oats: May unchanged; July
close-wheat: May unchanged, July
down &c, Corn: May unchanged, July
down h.c Oats: May and July down
&c. Provisions: Higher.