The Detroit times., 1912-03-11
GRAIN AND PROVISIONS.

DETROIT. March 11.-Close: Bulls
believe they have the market going
their way and are greatly ENCOURAGED
by the increase in buying power shown
on recent advances. The big export
business reported early on Saturday
fizzled out. OF nearly out. later In the
day when IL was reported that only
small lot had been taken by for
eigners.
Canada reports plenty OF demand for
wheat and this Is considered TO be the
quite natural result OF Disappointing
offerings from Argentina and other
exporters. where scarcity and strikes
are interfering seriously with the
movement OF the crop. Canada has
plenty OF good wheat and great deal
that Is not as good and Is able to fur-
nish wheat England wants for some
time, which makes dealers here skep-
teal about doing much export trade
under present conditions.
The upturn on Saturday forced
many shorts to cover and left many
dealers on the long side and this spec
ulatiye condition made smany dealers
| afraid Of an early break on Monday,
but Liverpool came in with good
showing of strength. and there was
enough early buying to put prices
higher. Buying OF the new crop
/ months Is helped along by a belief that
when the snow disappears lot OF
/ damaged wheat will be uncovered, and
II Is known that farmers In the north
west did not get much blowing done
last fall, which Is likely to result In
short spring wheat crop. There Ia
some improvement in the -four trade
but not as much as expected.
! The wheat market was Arm early
and dropped back later to the starting
point In all cases excepting July. which
finished at an advance OF NC and May
4 which lost Nc.
n Yellow n,ox.s corn advanced nc. cat. ~
" heat quotations: Cash No. rec
wheat, sl.o1h; May opened without
change at t1.o4%, advanced to ,1.o5 Y
snc se aasan GO to ,iocs de eSssd
s. coz and closed at sl.00h; Sep:
opened at sshc,. advanced to 81 ant
declined to 9shc; No. l white, ssh c
No. ., 6s1 &c; No. 4 mixed. 1 car at SIN c
| No. 3 yellow. cars at tic: No. vel
low. car at sec. Oats: Standard.
cars at SIC, closing bid; No. white
66hc. Rye: Cash No. 2. 94c. Beans
shipment. sass May. $40. Cloverseed
Prime spot, SO bags at sI2.s0.- March
$3.50; sample. Is bags at s12. IL a
sike. is bags at tii.50 Timothyseed
Prime spot $50 bags at $3.50.
Receipts in the Detroit market Mon
day included 500 bbls OF -four. l car Of
drawais we're 1000 bu OF corn and 5.ost
bu OF oats. Stocks are 4s3.971 Blu OF
wheat Iss,gI5 bu of corn. 1851 bu Of
oats. 1926 blu Of barley and $3.50 br
OF rye.
Receipts OF wheat Monday; Omaha
/ Is cars. against IS a year ago; Kansas
City. % cars, against 81; St Louis
60. 900 blu. against $1,000 blu: Duluth, 1.
cars. against 3; Minneapolis, 377 cars
against $50; Winnipeg. 755 cars
against 800
Worlds wheat exports last week
were 9.168, 900 bu. of which Russia fur
nished s6s 900 bu and the Danube 76s.-
600 bu.
Wheat on passage increased 3.536.oot
bu last week. against an increase. OF
1915 900 bn a year ago.
Liverpool wheat closed 4 20 u d and
corn "a "a d higher.
The visible supply OF wheat decreased
la22O0O bu last week, OF corn increas-
$4,000 bu-and OF oats decreased
136. 900 blu.
49, 900 blu.
Wheat receipts at primary points or
Monday. 200, 00G~su:- year ago, 100000
I'M