The Detroit times., 1912-11-07
GRAIN AND PROVISIONS

DETROIT, Nov. Close: Liverpool
discouraged the bulls again BY show
ing a decline in wheat prices. The
war appears 10 have lost all Its power
TO put prices up and conditions In this
country are not encouraging. early
Chicago wires said a good demand WAS
taking care OF the offerings and pre-
venting Generalization. The feeling ol
bearishness has saturated the market
to such an extent that conservative
bears are holding on. fearing that they
have too much company, which liz at
ways a dangerous condition. They are
talking OF an advance resulting from
an oversold market Liverpool has
plenty OF reason for weakness. Canada
and Russia are offering wheat freely
and the United States stands ready to
supply all that Is wanted at a slightly
higher price Even the far-on options
are easy, because OF the Argentine crop
outlook crop that Will not make much
difference In the supply until early
next spring
The home situation is unchanged.
Good weather favors the big north
western movement and stocks are pill
ing UP. There Is no export demand
and millers cannot take II fast enough
10 prevent accumulation. Chicago re-
ports the covering OF important short
lines on the closing upturn on Wednes-
day and II is said the wheat sold early
went into strnnge hands Chicago ls
still buying cHrgoes OF Duluth wheat
Bear leaders eel confident that prices
will not advance while present heavy
receipts continue.
Trading in wheat was slow all day.
and the feeling most OF the time was
easy Cash lost &c. December Nc
and May was unchanged.
The coarse grain and seeds were un'
W heat quotations: Cash No. = red.
sl07A December opened without
change at l.09, declined 10 tloS1a, adj
vanced TO $1.G9 and closed at $1.0S%t f;
May opened at sll3A. declined 10
S11sA and advanced TO Sl.l3A; No 4
white. Sl.0611. Coarse grain quota
tions. Corn, cash No !, 6l1se; No. 2
yellow, car at 64he; No. yellow.
SO Isc: No 3 yellow on track. ! car at
63c oats. standard. sac; No. 3 white.
33c; No. white. car at II &c, at
&C. Rye: Cash No. 2. 75c. Beans
Immediate shipment. i2.3o; prompt
s225: December shipment. S2.l5. Cloy-
erseed Prime December, $l1. sample,
Ia bags at $40. 30 at 1915. Is at 80. Is
at $S.25; prime alslke, Sl3; sample al
sike. IL bags at $1l.75, at ;10.25.
Receipts in the Detroit market on
included 500 bbIs OF -four, 8
cars or corn and OF oats. Withdraw
ais were 1900 bbls OF flour. Stocks
are 405.g bu or wheat. I06. 406 bu Of
corn. 40.765 bu Of oats and 1881 bu
Of rye.
Liverpool wheat closed haSd and
corn n a I'D higher.
hecelpts OF Nntdl
city. 1903 cars, against 2 cars year
ago: Omaha, SO cars. against l6; st.
Louis 107 900 bu, against $4,000 bu,
149 cars. 70 against 50; Mime
spolis, All cars, against 402 Duluth,
55S cars. against 3S2: Winnipeg. S31
cars. against 98S.
Wheat stocks Al Minneapolis in
creased 100000 bu In five days.
Primary wheat receipts were 1.649.-
900 bu against $4,000 bu a year ago.
Exports % wheat and hour Thursday
were $4,000 bu.
CHICAGO GRAIN-Opening.
--0paI.InR-AhoAt.
December az &c. May unchanged
corn. December and May up nc Oats:
Dece mber and MAY up &c Provisions:
Higher
Noon--Wheat: December and May
corn: December down Lc:I
May down &c oats: December un-
May down hc.
Close--Wheat December and May
down sc Corn December down i,c:|
Nav down 10 oats; December down
f g..