The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1912-01-02
GRAIN AND PROVISIONS.

DETROIT.J Jan. p. Close: Almost
everyone In the trade is looking for an
Improvement in prices now that the
old year has passed along. New energy
is expected and dealers think stocks
will he heavily drawn upon TO meet
demand for -four, which is expected 10
Increase materially. Liverpool opened
higher or Tuesday but did not hold
it all.
Snow helped the buIlsh feeline
along by sending cable telling Of
serious rust damage In southern Ar
gentina and light offerings. II was
this news that got credit for the open
ing hrmness here and abroad. While
the large visible supply and heavy
stock in Chicago form a bear argu-
ment that is very difficult TO overcome.
the bulls show remarkable courage and
feel confident that receipts In both the
spring and winter territory Will soon
show such decreases as 70 change the
tone OF the market entirely. II APP
pears certain that estimates OF the
Argentine eNportable surplus must be
reduced again, and IL is feared that
the quality in the south will be had as
II is In the north. which win give the
foreign markets decidedly strong
tone
During the past couple OF months
the market has held a great deal OF
bearish news that has failed TO put
prices down, and this encourages the
belief that prices are not TO go much
lower. no matter how favorable the
news from Argentina may be.
wheat was strong all session and
closed at an advance OF y a &c. Corn
was steady and oats gained nc The
other grains and seeds were un-
changed.
Wheat quotations: Cash No 2 red.
s6&c; May opened with an advance
Of hc at 81 coz and advanced to s1.oi;
July opened at 9J4c, advanced 10 e5 =. C
and closed at 95hc: No / white. e4Sa c.
Coarse grain quotations: Corn-Cash
No. 3, G3~c. No T. | car at Sic No. 3
yellow, sage; No. 4 yellow. cars at
62zc. oats-Standard. . cars at 50hc.
closing asked: No. white soc. Rye:
Cash No. 2, 95c. Beans-Immediate q,
prompt and January shipment, s2.32.
May. SEAS. Cloverseed-Prime spot so
bags at s12.50: March. s12.50; sample
bags at st2. 8 at slO75, bags al
$3.50; prime aIsike. ,iO75; sample al
sike. 1G bags at $40. 5 at Ss75. Timothy
seed-Prime spot. 500. Barley-Best
samples, s2.45 per cwt.
Receipts in the Detroit market Tues
day included 500 bills OF -four. 9 cars
OF wheat. is OF corn. 3 OF oats and ]
OF barley Withdrawals were 400 bbis
Of flour. 33.341 bu OF corn and 1855 bu
Of oats. Stocks are 631.262 bu OF wheat
1882 bu OF corn. 219.630 blu OF oats
$50 bu OF barley and 39.92S bu Of rye
Wheat on passage Increased $4,000
bu last week
Worlds wheat exports last week
were 10 l3S. 600 bu OF which Russia
supplied $4,000 bu and the Danube
1.S7 900 bu
Receipts OF wheat Tuesday. Mime
apolis, 439 cars. against $40 cars a year
ago; Duluth. ls cars. against 20; Win.
nipeg sos cars, against 245 81 Louis
$1,000 bu. against $4,000 bu Kansas
City, 20 cars, against ll2
Liverpool wheat closed I'D and corr
/ Nd higher.
Primary wheat receipts were III oOt
| bu. against 7S5. 900 bu a year ago.
The visible supply OF wheat decreas
| Ell l,179, 900 bu last week Of corn in.
| creased us 900 bu and OF oats decreas.
| ed 740, 900 bu
Exports OF wheat and -four Tues
! day. $4,000 bu
| CHICAGO GRAIN-Opening.
!