The Detroit times., 1912-01-22

Tradins was slow and important news
very scarCe-
The trouble with wheat continues to
be lack OF outside interest. Public
speculation is almost unknown and
professional business is too narrow TO
hold prices after an advance. The mar
ket has not yet worked into position
that makes exporting possible and only
moderate decreases In the visible sup
ply are to be expected Receipts con-
tinue much larger than expected and
milling dmand Is not coming up To the
point that can make IL bullish influ-
ence.
1t is felt among those favorable TO
higher prices that strength must come
not only from the home situation. but
from a combination of conditions in
Argentina. Russia and elsewhere. The
closing OF the Danube is expected to
help by cutting on some of the Eu-
ropean supply, IL looks as IL the lead
ing centers OF Europe must start some
thing II prices are TO go up. Russian
supplies must be smaller for time
and America is thought TO be the only
country In position to export first
class grain. quality being low on both
Argentina and Canada
, The wheat market was dull al day
and closed unchanged TO &c lower.
Some strength came from a little Eu-
ropean war scarce, but IL did not last
long.
Corn lost &c and rye 1c
, Receipts in the Detroit market Mon
day included 1875 bbls OF -four. 4 cars
OF wheat &c OF corn and OF oats.
Withdrawals were 500 bbls OF flour
13,4So bu OF corn and 5000 bu OF oats.
Stocks are 559,47e bu OF wheat. 1863. 022
bu OF corn, l77T25 bu OF oats. 615 bu
OF barley and 1929 bu OF rye.
Receipts % wheat Monday: -. Louis.
$4,000 bu. against 10000 bu n year ago.
Kansas City, 10 cars, against 10i;
Omaha, ~ cars, against 90 Mime
apolis. 7i3 cars. against 7oS Duluth,
IL cars. against II; Winnipeg, 3s3 cars,
Worlds wheat exports for last week
were S,0s6. 000 bu, of which Russia fur
nished 10000 bu and the Danube Sis.-
600 bu
Visible supply decreases: Wheat. o.
900 bu
Atlantic ports cleared wheat and
four equal 20 1S4. 900 bu.
Primary wheat receipts Monday.
I, l6s.0oo bu; year ago. l.127,000 bu.
Wheat on. passage increased 5000
bu last week
Liverpool wheat closed unchanged 20
"a lower
wheat quotations. cash No. red.
97@c: MAY opened without change at
fi.0iA. gained nc aud declined 70
sl.0ls. July opened a. 96i4 G. touched
s6isc and declined 90 csc; No. white.
Coarse grain quotations. Corn-No.
;. 6I44c; No. Z. cars NJ G2a, &C.. No. :
yellow, cars AT e6c. AT 65a. c No. {
yellow, : cars al 63Ac. Cats-Stan-
lard. S2ikc bid: No white see Rye
Cash No . csc Beans--Immediate.
prompt aud January shipment. $40;
February. s2l2: May. 1886. Clover
seed-Prine spot. 30 bags AT $3.50:
March. sl340 sample. 10 bags az siS,
2 NJ tt225, at S1i.2j; prime alsike,
Sil.75. sample alsikc. bags at sl1 25.
3 at $40. Timothy seed-Prime spot,
500 farley Best samples. s. 506
2.55 per cwt Buckwheat--Good mill
ing grain. sf75 per cwt.
TOLEDO GRAIN AND PRODUCE.
TOLEDO. Jan. 22.-Wheat Cash. e9c:
May. t1.02L July 96i4c Corn: Cash
60 nc May and July. 67izc: Sept Csc.
Oats: Cash. 5l&c; May. 52Ac: July.
TLc Sept, exc Rye. Cash. CSC
CloveTseed. Cash jan Feb. and Mar
SIS 90 No. ,. t13.45. No 3, tl3.tb; re-
jeoted, sl3. Alsike: Prime and Jan,
tl32s Mar. s1235 Timothy. Prime
and Jan. $40 Mar. s. - Butter.
eggs and hay: Unchanged
CHICAGO GRAIN-openIpg.
CHICAGO. Jan. wheat. Nav
down ac. July down &C Corn: NV
and July MP &c. Oats. MAY un-
changed; July up &c. Provisions
Noon Wheat May UT &c. Julv mn
&c. Corn: Nav down &c. July down
sc oats: May down &c. july
Wheat May up &C. July nm
&c. Corn: May and July down - q
, Oats. May down &c; July down 4. G
/ Provisions slightly lower