The Detroit times., 1912-05-28
Markets AND FINANCE
GRAIN AND PROVISIONS.

DETROIT. May 2T.-Close: The sit
uation In the wheat market indicates a
gradual hardening all along the limo.
Public reports. as well as those from
numerous private investigators. who
are going over the ground In the inter
est of Chicago houses. all seem to
agree that the crop outlook is discour-
aging at its best. Special attention Is
being paid TO Kansas. as the big win
ter wheat state, and OF conditions there
IL is said the fields are very badly spot
ted. some being fairly good. while
others are poor Expert Inglis claims
many fields will not run over Ave BUSH
els.to the acre. The weather In that
section continues hot and dry; the sea
son Is several weeks later than usual.
and the best that can be made OF the
present outlook IL far from encourage
ing The spring wheat crop is all
all. OF It's troubles ahead OF IL yet.
wheat bears get little satisfaction out
Of present conditions.
AS for the market. IL Is choppy
one. and liable to quick turns I'm either
direction. The tendency or traders Is
10 play the long side. but after ad-
vances Of a cent or SO have been re-
corded. proft-taking appears and the
The general tone on Monday was
strong. Tbs opening was at an ad-
vance OF half cent. and with numer-
Gus fluctuations prices at their best
showed an advance OF cent from the
previous close. Last sales finally left
the whols list unchanged for the day.
profit-taking on large scale costing
the whole of the advance.
Wheat quotations.: No. red. cash,
!I6: July opened hc higher at
sll6h, sold ur to SLICK and closed
at $l.l5A; September opened at
sllGH. touched sl.l6 as the high point
At Sill. advanced to Silly and closed
at $Il6h No. white, $1.l4. Coarse
grain quotations: corn--Cash No. 8,
7sc; No. . yellow. Slhc: No: ) yellow;
cars at 5sc; No. white, 5Ihc, Rye
No. 2. 9ic. Beans--lmmediate prompt
and June. s2.70; July, s2.75; october.
81 30 cloverseed-Prime spot, $3.50
october. $40; prime alsike. si15o Tim
othy seed-Primc spot, $50 per bu.
Receipts In the Detroit market on
Monday included s75 bbls OF Hour and
cars Of oats. Withdrawais consisted
of 1900 bbls OF Hour and 5000 bu OF
corn. Stocks today are So6,52o bu OF
wheat. l9O.421 bu of corn.h l03,3l5 bu
of oats and 1913 Blu of rye,
The Liv errool market was closed by
reason OF holiday.
Receipts of wheat Monday Were: Du-
nth. So. against 40 cars; Minneapolis
$50 cars, against 22s year ago. 81
Louis, sI'Ooo, bu. against $4,000 blu
Export clearances OF wheat and
-four Mere equal to 100000 bu..
Primary receipts were 5Ss.000 bu, as
against S44. 900 bu year ago
The visible supply OF wheat de-
creased lasi week 2.343.O00 bu; corn
decreased $4,000 bu and oats decreased
i42. 900 bu
TOLEDO GRAIN AND PRODUCE.
! TOLEDO, May 27--wheat: Cash and
May $1.1Sl4: July. $1.16A: Sept.
ls1.15%; Dec. s1.17%. Corn: Gosh and
May. 7shc; July. 77Sc; Sept. 75h C.
i53hc: Sept, 43%c Rye: Cash. s4c.
lCloverseed Oct, $10.45: Dec. $10.3
Afsike: Cash. 5000: Aug. $3.50. Tim
othy Cash. Sc; Sept. $3.50; Oct, $3.50.
Butter, eggs and hay unchanged.
CHICAGO GRAIN-OpenIng.
CHICAGO. May 2s.--Grain opening
Wheat: July down &C; Sept down nc.
Corn: July unchanged; Sept. down lsc.
Oats July down &c; Sept. down bc.
Provisions lower