The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1912-05-24
MARKETS AND FINANCE
GRAIN AND PROVISIONS.

DETROIT. May 2S.-close: Crop re-
ports from the southwest nave taken
a bullish turn and shorts are greatly
alarmed. Many got ashore on We'd
IL. Kansas reported hot winds and
gave grain dealers bad scarce. or
ferings OF wheat are not liberal
Bulls figure that any change Ia
northwestern wheat conditions will be
in their favor. Everything Is so near
~ perfect that IL cannot change with
out getting worse. The Northwestern
Miller says the cool weather. aside
from promoting heavy root. has made
the wheat tough and hardy and that
conditions are so good that In the ma
ture OF things there must be some re-
action and impairment. Chicago nnds
shortage in the big soft winter states
and dealers there figure that the mar
ket Will feel the bullishness OF the loss
al. season.
The feeling i'm the trade favors buy
ing on reactions and prices are so high
that opportunities to buy on a slump
are expected 10 be numerous. Chicago
reports that wheat goes into strong
hands evory time the price declines.
and holdings by the bull clique are
enormous.
Wheat was strong early and gained
IA cent. which was more than lost later.
weather and premise OF rain in the
southwest The close was at loss OF
isc.
Tho coarse grains and seeds were
steEHy
Wheat quotations: Cash and May No.
. red. si.16: July opened with an ad-
vance OF nc at SLICE, advanced 10
Sl.i1a and declined TO Sl.lsss sept.
opened At sl.ls, moved up 10 $iIsE
and declined 10 sll5; Dec. opened At
S1.l7h gained &c and declined 10
Sl.I6iE No. l white. s1lI Coarse
grain quotations: Germ. cash No. ).
7Sigc: No ? yellow. car az sic; 40. )
yellow, solsc: No, mixed. car at
Teizc; kiln dried No. . yellow. 1000 bu
at S5.sc Oats: standard. cars a:
SIC: No, 3 white. . cars AT 5Shc Rye:
Cash No. 2. 9+c. Beans: Immediate.
s2.75: Oct. $3.50 asked. Cloverseed:
Prime spot Sl2.5O: Oct. $40: prime al:
sike, $3.50. Timothyseed; Prime
Receipts in the Detroit market
Thursday were zoo hbls OF Hour. car
OF corr and OF oats. Withdrawals
were ,h09 bhls OF flour and 5000 bu "
corn Stocks are 307,62o bu OF wheat.
1862 hu OF corn. l03,3i5 bu OF oats
and ~. tga bu OF rye.
Primary wheat receipts were $4,000
bu. against $4,000 bu year ago.
Exports OF wheat and -four Thurs
dav. $4,000 bu.
Liverpool wheat closed :sThd
higher and corn a n x lower.
Receipts OF wheat Thursday: Kansas
CITY, Is cars, against 90 q year ago;
Minneapolis. IS cars. against lsS; Du-
luth. cars. against 20; Winnipeg. lS2
cars. against 100.
TOLEDO GRAIN AND PROVISIONS.
TOLEDO. o., May e3.-Wheat: Cash
and May, SllS; July. sI15Ts; Sept.
s1.14 Is. Dec. s1l7. Corn: Cash, T9I4c;
May. 7Ytsc: Sept. 16c. Oats: Cash and
Nav. 56isc; July, sage; Sept, I3 - c.
Rye: cash. sie. Cioverseed: Oct.
$40 50: Dec. slo4O. Alsike: Aug. $500,
Timothy. Cash, So; Sept, S4.l5: Oct,
81, Butter. eggs and hay unchanged.
CHICAGO GRAIN-Opening.
CHICAGO. May sS.-Wheat: July UP
Ixc. sept up Ac. Corn: July un-
changed; Sept up lse Oats: July up
lac: Sept. up &c. Provisions steady.
Neon: July wheat down sc; Sept.
down nc. Corn: July down &c; Sept.
down &c. Oats: July. unchanged.
Sept. down &c.
Close-Wheat: July down he: Sept.
down sac Corn: July down &c; Sept.
down &C. Oats: July up Isc Sept.
down &c. Provisions lower.