The Detroit times., 1912-06-15
MARKETS AND FINANCE
GRAIN AND PROVISIONS.


DETROIT, Mich, June l4.-Close:
New wheat Is giving courage 10 INC
bears. When they found that OKLA
homa was Offering new crop wheat 20
Chicago and -, Louis they lost no time
In pounding the market. This was con-
tinued on Friday. and the early market
showed sharp decline,
Kansas 10 sending plenty or bearlsh
news The crop is hlling well ana
promises much larger crop than M
dicated a weak or two ago, and present
weather Is highly favorable. MISSOURI
Is cutting wheat and the quallly is nue.
Al the same time Chicago reported
slack cash detaand and several Minnie
apolis mills are said 70 De snutlns
down. The big cash interest IN ChlcaSo
did not come 10 the support OF the
market and IL Is believed that a &C.
cline would be quite welcome. SO that
the bulls could get better point 10
buy on. Elevator interests and mills
are anxious 10 get cash prices low Is
they can IT the beginning OF the new
crop movement.
The northwestern spring wheat out
look Is as fine as ever, and that means
almost perfect. Weather is favoraole
and fine progress is being made can
ada reports a splendid crop on a greatly
increased acreage.
Wheat made little showing OF
strength about noon. but was weak al
the rest OF the session and the close
was AT loss OF l i9c in cash and July,
and &c in September and December
coarse grains and seeds.
Wheat quotations: cash No. red.
SLICE July opened with a loss or l4c
At Sl.13. declined TO Sll2A, advanced
Der opened at $l14A. declined 10
$l1SA advanced 10 Sl14i. and closed
At Sl13A December opened AT Sl,l5A.,
declined 10 Sl.l5ii. advanced TO 81. 1914
Coarsc grain quotations: Corn-Cash
No, 3. &c; No. . yellow. soc, No
yellow. TsArc. Oats-Stundard. 2 cars
at 57Mc. No white. SIC. Rye-Cash
No =. soc. Beans--Immediate. prompt.
and June shipment. $40, July, So
October. s2.25. Cloverseed-Prime oc-
Receipts in the Detroit market Fri
day included COS bbls OF -four and
ears OF oats. Withdrawals were 900
bbls OF -four and 1900 bu OF corn.
Stocks are 257l69 bu OF wheat, l52.62l
bu OF corn. 92,O65 bu OF oats and co.
1853 bu OF rye.
Liverpool wheat closed Is a Iad and
corn i q I'D lower,
Receipts OF wheat Friday Kansas
city IL cars against "a year ago;
omaha, IL cars. against -: 81 Louis.
$4,000 bu, against $4,000 bu; Mime
apolis. ia cars. against SO; Duluth, 20
cars. against 80. Winnipeg. 24S ears.
Estimated exports OF wheat this
week from Argentina, 2,sos.Ooo bu.
primary wheat ftctlptS were SlOsOUV
bu. against $4,000 bu year ago.
Exports OF wheat and -four Friday,
35S. geo blu; for the week. $500 900 bu.
TOLEDO GRAIN AND PRODUCE.
TOLEDO. June 1i.--Wheat; Cash
and July. $l12L Sept $Ll3; Dee.
81 i41z-Gorn- Cash. ia Rc: July 76c.
Sept, 74Sc: Dec. 63Ac c. Oats: Cash.
soc: July SIC; Sept. 4l%c; Dec. awe.
Rye. Cash. 92c. Cloverseed. Cast.
$3.50; oct, sl0.l5; Dec. S1O.o5. AL
sike: Cash. sl050; Aug. 50 so. Tim
othyseed; Sept, $3.50. Oct. 1895. But
ter, eggs and hay unchanged.
CHICAGO GRAIN-Opening.
CHICAGO. June 14-Opening-
Wheat July down Iac Sept. down = &C.
Corn: July down sc; Sept. unchang-
eG. Oats: July down Isc: Sept. un-
changed Provisions lower.
Noon-Wheat: July down sc; Sept.
down &c Corn: July and Sept. down
nc oats: July unchanged; Sept,
down &c.
Close-wheat: July Gown 1hc;
Sept. down sc Corn: July down
1lsc; Sept down lc oats: July down.
l4c; Sept down i3c Provisions lower.