The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1912-12-03
GRAIN AND PROVISIONS

DETROIT, Dec. 3.-Close; Mondays
wheat market was weakened to GER
tain extent by heavy December deliv-
cries. There were other bearish fea-
lures In the news but selling delivered
wheat was the most important.
Liverpool was easy at the opening
on Tuesday and the local market was
steady. making scarcely any change
during the first hour. American cables
were hrner than Liverpool had ex-
pected and that held the foreign mar
ket from a larger break. Argentine
estimates were bearish and so were
the figures received from Australia.
New Argentine Hvheat Is being pressed
on the European markets. Spot wheat
In Liverpool was heavy
Bulls found some encouragement in
the smallness OF the visible supply In
crease. which was due TO the enormous
exports. Chicago had a good lighting
market around goo and wheat was not
entirely without friends notwithstand-
ing the bearishness Of the general out
look. but every time the price gets
above soc there are sellers ready 10
supply the demand. The most bearish
condition just now is the anxiety of
Argentina TO dispose OF the crop which
is being harvested.
The movement OF the American crop
TO interior markets is on a large scale
and farmers in the spring wheat coun-
try show no inclination 10 hold their
crop
Wheat was steady and oats were
~.
is firm and unchanged.
Wheat quotations: Cash No red.
S1.05A: December opened without
change at sl05ls. lost &c and ad-
$110h. advanced to s1.1O% and closed
at 3l101a July opened at 93c, touched
s3Ac and declined to csc; No. ] white.
S1.O4I Coarse grain quotations: Corn,
bid; No. white. l car at s5c. closing
bid: No. white, 2 cars at 34c. Rye:
Cash No. Q Gle Beans Immediate
shipment: :h pr o sS.ss; prompt shipment az
Cloverseed; Prime spot, s11: sample.
80 bags at 1915. IS at 1878. II at IS:
prime alsike, $40; sample alsil1e.
bags at SLIPS.
Tuesday included 500 bills OF -four.
cars OF wheat, OF corn, 3 OF oats and
OF rye. Withdrawals were !. zoo bbls
of -four. 1900 bu OF corn and 1000 bu
wheat. 15s.O57 bu OF corn. 73.4s5 bu Of
oats and 54.S31 bu OF rye.
Liverpool wheat closed y a I'D ana
corn q a y lower.
Receipts OF wheat Tuesday: Kansas
City. 80 cars. against ~ year ago:
Omaha, % cars. against IS: Chicago. 81
cars against ~: Minneapolis. 207 cars.
against SOC: Duluth. 227 cars; Winni-
peg. SIG cars, against 66s; 81. Louis.
$4,000 bu. against $4,000 bu.
Minneapolis wheat stocks increased
800 900 bu In three days.
The foreign crop summary 10 mod
erately favorable.
European wheat visible supply de-
creased 1000 bu last week
The South Australian wheat crop ~
2o,000.000 bu. same as last year
Export surplus OF wheat In ArKen-
tina is placed at 1873 70 1875 million
bushels this crop.
Argentina has exported 5000. 900 bu
OF wheat since Jan l.
Primary wheat receipts were l.S0l,-
600 bu. against 7a4. 900 bu a year ago
Exports OF wheat and -four Tuesday,
4s7, 900 bu.
CHICAGO GRAIN-OpeninR.
| CHICAGO, Dec. 3.--Wheat December
down sc; May unchanged Corn. De-
cember and May down nc. Oats: De-
cember unchanged. May down &c Pro
visions weak.
"A Noon--Wheat: December up &C: NAV
I'D lac. Corn: December and NAV IN
&c. oats: December and May up 1.
| Close--Whoat; December and May