The Detroit times., 1912-12-13
MARKETS AND FINANCE
GRAIN AND PROVISIONS

DETROIT, Dee l3.--Close. a good
deal OF the strength recently shown
In wheat came from anxiety about the
foreign war situation, making bears
afraid Of the short side or the market,
Argentine is not sing Ing quite so high
a tune as TO export surplus. Since tho
bad weather set in the eNportaole
surplus has been reduced 26.OOO,O0O bu.
but is still large.
When Liverpool prices came In with
very little advance IL was felt that
both the political dangers and Argen-
tine damage had been. TO certain
extent discredited. The closing ad-
vance I'm the leading English market
was not enough TO indicate much anN-
ietS On the part OF consumers. The
feeling OF fr'Cndliness 10 wheat In this
country is increasing and the bullishly
Inclined dealers insist that there IL
nothine TIA the outlook that increases
the already discounted bearish condi-
tions. Everything known now has
been known for weeks and has had
plenty OF opportunity 10 effect prices.
Many who had been advising sales on
advances are now telling their custom
ers 10 buy on the declines
Minneapolis stocks show large In
crease for the week and millers In chat
market are buying on limited scale.
Weather over the northwest is fav-
orablC for the moving OF wheat and
farmers show no indication OF letting
up in the delivery OF their crop.
Wheat frmed up on Friday, but did
not hole all its advance. The close
was a higher than Thursdays.
Corn advanced 4q1sc and alsike
seed declined soc. The other deals
were steady.
Wheat quotations. Cash No. . red.
s1O5% December opened without
change at Sl.O6is. advanced TO Sl.06
and closed at .l,o5A May opened at
at Sl1Ols July opened at s2Ac and
advanced 10 Csc: No. l white. 3l04&
Coarse grain quotations: Corn-Cash
No. 3. iS1c, No. 8 yellow, cars, at
Fampic. car at acc osts-standard
BIC lid: No. white. / car at sec. No.
4 white, > cars at S6c, Rye-Cash No.
?. s2c. Beans-Al shipments, 81. bid.
PIE. II bags at $40. 10 at 80. 5 at $3.50;
prime als'ke. 3l2.60: sample alsike. Q
bags at Sill. II at $3.50.
Receipts in the Detroit market Fri
day included 400 bbls OF flour. 2 cars
OF what IL OF corn and OF oats.
Withdrawals were 1900 bills OF hour
ana 5000 bu or corn. Stocks are $751;
ais bu OF wheat l5l954 bu or corn,
76.@56 bu OF oats. 59.916 bu OF barley
and $3.50 bu OF rye.
Liverpool wheat closed u q nd and
corn y I'D higher.
Minneapolis wheat stocks increased
!. $50. 900 bu for the week
Receipts OF wheat Friday: ST Louis
Chicago, 2% cars, against l6' Mime
apolis. $50 cars. against ass: Winnipeg
S4b cars, against $40; Duluth. l7e cars,
against 90
Argentine wheat exports this week.
S72 600 bu.
Primary wheat receipts were 1880
600 bu, against 10000 bu year ago.
Exports OF wheat and -four Friday.
S23, 900 bu.
TOLEDO GRAIN AND PRODUCE.
TOLEDO. Dec. l3.-Wheat: Cash
and December s1.O6&: May, sl.1IA;
July. CSC. Corn: Cash and December.
~ &c. May. 50ssc; July, 51bc. Oats:
Cash. sac; December. 367sc; May.
Cash. s1lS7l&; December Silly;
February and March, s1l.45: No. .,
5000; No 3, sl035; rejected, 1854.
Alsike: Cash and December s12S0:
March, SASS Timothy: Cash and
December $l.l9t1; March, ;2.07h. But
ter; Fancy creamery, 3S9Ssc; solid
creamery, 37a37iac; dairies. 26h c.
Eggs: Strictly fresh, 35c: current re-
ceipts, 3Sc; fancy. csc. Hay: Unchang-
ed.
CHICAGO GRAIN-OpeninE.
CHICAGO. Dec. 13.--Wheat: Deem
Der up i4c: May up hc. Corn: Decem-
Der up nc; May unchanged. Oats: De-
cember and May up lsc. Provisions
higher.
CIose-wheat: December and May UP
bc. Corn: December down SC May
down nc. Oats: December up &c May
unchanged. Provisions steady.
Noon-Wheat: December up hc; May
up sc Corn. December down Lc:
Nav up &c. Oats: December up NC:
May unchanged.