The Detroit times., 1912-01-08
GRAIN AND PROVISIONS.

DETROIT. Jan. s.-Close: Everybody
In the grain trade is wondering how
long Liverpool can get along without
showing excitement over the Argentine
situation The English market was
easy early In Mondays session. while
reports from Buenos Ayres were SEN
sationally bullish, telling OF a heavy
reduction in the export surplus ana
higher prices.
News OF the cash wheat situation in
ita-ancnnrAgIn2 10
the bulls for millers are purchasing
in liberal lots. Good sales are reported
in Minneapolis. Kansas City. ST. Louis
and Omaha and those markets Will
soon show the effect OF the withdraw
ais in reduced stocks. Flour is quite
active and stocks are so low that
brisk demand Is assured for some time
in the future. With decreasing stocks
at leading markets. the oulls reel sure
OF their ground for stocks back in the
hands OF farmers are known TO be
small both northwest and southwest.
Dealers are watching two leading
points ia the wheat market and both
are encouraging TO believers In higher
prices lust now. One is the distribu-
ton OF the heavy stocks accumulated
during the early movement or the crop
and the other Is the Argentine situa-
ton Europe is finding great trouble
In securing high grade milling wheat
All exporters have great quantity or
wet, inferior grain This Is the case
with the Canadian crop and the
weather OF the past few weeks prom
Uses TO put Argentine wheat ia the
same condition This directs atten-
ton TO the good wheat held In Chicago
and an early foreign demand for 1t
would not Re a surprise.
Wheat was easy during the early
part OF the session. but recovered and
closed without change.
CloNerseed gained l0c and the coarse
grains were unchanged.
49, 10. n
s75zc: May opened with a decline OF
i4c at $1.0lh. lost nc and advanced
TO $l.0lA July opened at 96c, declined
TO 80 y c and closed at 96Lc; No.
white. 80 lzc Coarse grain quotations:
Corn. cash No. 3. G25ac No. 4, i car at
5slzc, i at soc. at soc, No yellow
2 ears al SO lsc; No. 4 yellow. cars at
81 &c: sample. l car at soc. l at 57iac.
oats. Saturday. cars at 81 re. No. 8
white. sic. Rye Cash No. 2, s7c.
Beans. Immediate, prompt and Jan.
shipment, s233: Feb. 1885 May. ,24s.
Cloyerseed Prime spot, 20 bags at
Sl2 co, Mar. SLIGO, sample. IL bags at
sl2 at sl025; prime alsike, $10.75:
seed Prime spot s7.2O Barley Best
samples SZ.i5@24s per cwt. Buck
wheat Good grades. s1.75 per cwt.
Receipts I'm the Detroit market on
Monday included 500 bbls OF -four. 2
cars Of wheat. 10 Of corn and OF oats.
A.3l4 bu OF corn, 4575 bu OF oats and
l,2SO bu Of rye Stocks are 5g0.213 bu
Of wheat l70732 bu OF corn. 207. $50 bu
OF oats. 1855 bu OF barley and $3.50
bu OF rye,
Wheat on passage decreased I,24O, 900
bu last week
Receipts OF wheat Monday: winni-
pes. ls3 cars. against 81 a year ago,
minneapolis Isl cars. against 293. Du-
lutn "a cars. against 80. Kansas city.
81 crs. against l1g, ST. Louis. 100000
bu against % 600 bu
Worlds wheat exports last week
Were 6.76s.0O0 bu, OF which Russia sup
piled l.112Oo0 bu and the Danube l.
Liverpool wheat closed aa%.d low
err aud corn I'D higher
The visible supply OF wheat decreas-
ed 7S3, 900 bu last week. OF corn IN
creased $4,000 bu
wheat receipts at primary points on
Monday, $4,000 bu year ago. $4,000
bu
Exports OF wheat and flour Mon
daH $4,000 bu.
TOLEDO GRAIN AND PRoDrCE.
TOLEDO JHu, Wheat cash
9Sikc; May Sl.02L July, S7asc Corn!
Cash. 63hc. May G57sc; July CSC
oets: Cash. SOC. May. SIC July i7isc
Jan and Feb. si270. Mar, sizes. 30
9. Sl2.4O. No. 3. si2.2O; rejected tli.Ss
Alsike: Prime and Ian. sIi05 Mar.
SI122lR Timothy. Prime and Jan
$50: Mar. $7.t7ia Butter. eggs and
has: Unchanged
CHIC AGO. GRAIN-OpenInE.
CHICAGO, Jan. S.--wheat: May down
hc July down a Corn-A.ls down
&c July unchanged. oats May and
July down Provisions slightly
| higher.
Mon Wheat May down Lc Iuly
down &c Corn May and July un-
| changed oats. May and July uu-
changed
L cInse-Mheat. Nay I'm n %. Inlv nm