The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1912-02-15
Banks and Trust Companies.
GRAIN AND PROVISIONS.

DETROIT. Feb. 15--Close: England
needs wheat, and needs IL right away
stocks in that country are being de-
pleted at a rate that makes prompt
and large imports necessary. This ac-
counts for recent strength in that mar
ket. which at first appeared dttncult to
understand. Wheat must be had from
wherever IL Is available, without wait
ing for the slow movement of the
South American crop and this means
that Canada or the United States must
be drawn upon.
Recently collected statistics tend TO
show that this country has not any too
much wheat 10 spare. for the invisible
supply has suffered In order TO make
the visible supply larger. Farm re-
fettf4A- i7e-al4etit as. 9e4,
ago, or $4,000, 900 bu less than in 1908,
AMI IL is figured that the country has
10000. 600 hu less wheat for export and
reserve than on July l last year This
farm reserve looks all the smaller
when IL is remembered that food and
spring seed must come out ~ IL. High
grade milling wheat in Canada and Ar
gentinH 7s scarce and importing coun-
tries may have trouble supplying their
wants.
This condition is not having the eff
feet the bulls look for on account of
the limited demand and great quantity
OF wheat In sight. and the heavy run
at Minneapolis has ali eneet also in
holding prices on low level The
early wheat market on Thursday was
firm, but LATER the tone was easy
The wheat market was strong early.
but lost the advance and closed at
Wedn ssdsy's closing prices.
Corn and oats advanced &c. Reans
declined e. and cioverseed lost 25c.
Receipts in the Detroit market on
Thursday included 400 bills of flour 4
oats. Withdrawals were 400 bbls OF
-four. 10000 bu OF wheat and 1880 bu
OF corn. Stocks are 51257l bu OF
wheat. l92,5ia bu of corn. 2f5. o9s bu OF
oats and 22,1s0 bu OF rye,
Liverpool wheat closed unchanged TO
-h4athsr-as id-GaEn-lzd -AiELGr-----z---
Receipts OF wheat on Thursday: Min
neapolis. 3is cars, against 1873 year
nipeg, 40 cars. against 100; St Louis
5000 bu. against $1,000 bu; Kansas
city. IS cars, against "a,
Primary wheat receipts were 654 900
bu. against $4,000 bu n year ago.
Exports OF wheat and four Thursday.
rs 1000 bu
Wheat quotations: Cash No. 2, . cars
AT 97lsc; May opened without change
at 81 e2t54, declined to ti7e2 Il advanced
TO Sl02+ declined TO sl02i4 and
closed at s1.o21s July opened at s61ac,
touched 97c and declined to 96hc; No
] white. car at 95Lc. Coarse grain
quotations: Corn. cash No. 3. 66a4 c: No.
3 yellow, cars ~ STAG; No. ! white,
s6iic oats: Standard. cars at 53X
No white. 53hc. Rye: Cash No. 2.
95c Beans: Immediate shipment.
81 40. prompt shipment. $40; Feb
car at 81. 40; Mar, ST. 20: April. s244;
NAV. s24s Cloverseed: Prime spot.
100 bags at 1875: Mar 1915: sample.
10 bags at si3, - at $12.50. Is at $1175;
prime alsike. $1325: sample, IL bags al
x12-50, at Sill so. at $40. Timothy
seed: Prime spot, 20 bags at 81
CHICAGO CRAIN-openins.
FrUfW fsI
and July down &c, Corn; May and
July unchanged oats: MAY and July
unchanged. Provisions slightly higher.
Nocn-Wheat: May unchanged: July
w nc. Corn May up lsc; July UNI
changed. Oats: May unchanged; July
down lac
Close--Wheat: May down ,e-5ul,.
down &c. Corn: MAY and July down