The Detroit times., 1912-12-11
GRAIN AND PROVISIONS

DETROIT. Dec li.-Close; wheat
had flIm tone and small early advance
| on Wednesday, but the general feel
ing was that present conditions do not
Justify more than temporary advance.
People feel bearlsh in nearly all cases.
Good buying was noted in Liverpool
which held that market up against the
optimistic news from Argentina. Of
fers OF wheat were not large. Argen-
tina had some light rains, but In a
general way the outlook is favorable.
Commission house trading was on
both sides OF the market duritg the
early part OF Wednesdays session, but
there was tendency to modify the
feeling OF extreme bearishness The
market mas not gone to smash and all
the bears evidence Is IL. for the pres
ent There is nothing more excepting
the actual pressure or the wheat when
stocks accumulate to a point where the
carrying becomes too much OF bur-
den TO the trsde. On the other hand
many things happen that Will advance
the price, The crop In Argentina may
be damaged and the winter crop In the
leaving IL in position TO furnish a
crop scarce any minute.
Recent buying OF wheat In Chicago
has been OF good character and the
lesser bulls feel encouraged by the
strength OF their company
Wheat closed without change. The
corn market gained !. a nc and other
deals were unchanged.
Wheat quotations: Cash No 2 red.
S1.ob: December opened with an adj
vance OF &c at 81 o5k, gained &c and
destined TO ~ 05: Nay opened at
at tt.0s1k. July opened at s2hc. gained
&c and declined to s2kc; No. white,
Coarse grain quotations: corn-Cash
4sAc; No. 4 yellow. l car at 47hc
Oats-Sta ndard, car at SIC: No 3
white. 36c; No 4 white, Ban a 35c. Rye
Cash No 2. sec. Beans-Immediate
shipment. '2l5 bid: prompt shipment
s2.1s bid: December and January
$40 bid. Cloverseed-Prime spot
sll 20; sample IS bags at $40. Is at
$3.50; prime alsike. '1s.so; sample al
Receipts in the Detroit market We'd
nesday included 1000 bbls OF -four. 3
cars OF wheat. OF corn. ! OF oats and
OF barley. Withdrawals were 1900
bbls OF -four and 26.20o bu Of corn,
Stocks are sss,7l3 bu OF wheat. 136954
bu OF corn. 70.e56 bu OF oats, 59.s16 bu
OF barley and $3.50 bu OF rye.
Receipts OF wheat Wednesday: Chi
cage. 80 cars against 80 year ago;
81. Louis. $4,000 blu. against 35.0o bu
Minneapolis $50 cars. against 2ss: Du-
luth. 22s cars, against ~: Winnipeg
Sis cars against $50; Kansas City. so
cars. against IS; Omaha, SO cars
against II.
Liverpool wheat closed haEd high
er and corn unchanged TO d higher
STOCKS or wheat In minneapolis In
creased 10000 bu in four days.
Primary wheat receipts were 1861
900 bu. against 57s 900 bu a year ago
Exports OF wheat and hour wednes-
day. 77S 900 bu.
TOLEDO GRAIN AND PRODUCE.
TOLEDO. Dec. i1.--Wheat: Cash and
December. tl.05L May. s1.l0T: July
92iao. Corn Cash and December
4ehc May. soc; July Sic. oats. Cash
and December. 35hc May. $50. Rye;
Cash. G2c. Cloversed: Cash. si221h /:
Decen Der, February and March.
tlI32h No 2. 5000; No. 3. 5000: re-
jectsd $3.50 Alsike; Cash and De-
cember. 3l2.T5; March, tl2S0. Timothy:
Cash and December ,1.s5 February
and March 32.05. Butter, eggs and
hay: Unchanged.
CHICAGO GRAIN-Opening.
CHICAGO, Dec. ll.--Wheat: Deem
Der up Nc; May up &c. Corn: Deem
Der unchanged May up hc. oats De-
oember down lsc. May unchanged. Pro-
visions lower
Noon Wheat: December unchanged;
May unchanged. Corn: December down
Ilc. May down &c. oats: December up
Nc, May down hc.