The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1912-03-01
GRAIN AND PROVISIONS.

J DETROIT, March 1-Close: Wheat
had a strong and higher opening on
Friday, following an advance in Liv-
erpool Much OF Thursdays decline
came from the taking OF profits and
some from a correction OF SHOWS esti-
mate OF farm reserves He puts his
guess at 10 TO rs million bushels
against the earlier estimate OF $4,000
200 bu This Disguised some OF the
bulls and they were in hurry 10 sell
out.
Wheat shorts were caught in a tight
place on Friday morning. They had
sold heavily the day before, believing
the strength had gone out of the mar
ket and were surprised by the strength
in Liverpool which resulted IN heavy
towering and A sharp advance. While
the correction made IN SHOWS figures
makes the situation appear less bull
ish. 70 is far from bearish. Even at
Trne increase farnprE resrrves Ure small
enough TO make short selling extremely
dangerous The government figures
will be out in about eight days and
until then the bulls see little TO help
them excepting crop scares. Early
DOPE did not tell the reason for the
English strength, but ia is believed TO
come from labor troubles and general
industrial unrest at home and in Ar
gentina.
The northwest reports some i'm
provement in cash demand and mills
in Minneapolis have sold some flour
Minneapolis receipts are not so large
as they were, but dealers say farm
sales are liberal and increment TO
market, may increase.
Wheat was active and strong on Fri
day At the close cash wheat was up
2hc and the futures were up la &c.
a milling paper estimated farmers re-
serves at no. Oso. 900 bu, Corn .ad-
vanced lc and oats liAc.
Wheat quotations: Cash No. red.
81: May opened with an advance Of
nc at S1.03L. advanced TO 81 04ia and
and advanced TO gSMc; September
opened at SIC and advanced TO 9T1sc;
No. / white, Csc.
Coarse grain quotations: Corn-Cash
40. 2, SIC; No. yellow. cars at 81 y C,
. at 61aic. closing at Csc bid; No.
yellow, 3 cars at 65Ac. closing at 66c
bid. oats-Standard. l car at 55c.
at 55iac: No. white I car at Soc
Rye-t;ash No. .. CSC. Beans-Immedi-
ate and prompt shipment. s2.35, March,
s2.31; April, sac; May, S2.I2. Clover
seed-Prime. spot: 100 bags at si3.25;
prime March. $l3.25 sample, 70 bags
alslke. si3; sample alsike. II bags at
S1e.50, s at I'll Timothy seed-Prime
spot 100 bags at s6.S5.
Receipts In the Detroit market Fri
day included $3.50 bbls OF Hour. / car
OF wheat and II or Rprn Withdrawals
were 200 bbls OF flour. ] 033 bu OF
wheat and 6,17s bu OF corn. Stocks
are 555.516 bu OF wheat. 2l6.2S2 bu or
! corr. 1912 bu OF oats. 1895 bu Of
barley and 20. 49G bu OF rye.
Liverpool wheat closed = n Ia and
! corn 3, "a ga hiRher
Wheat exports from India for the
weel. were l.1Ol.O0O bu and from Aus
tralia 600 600 bu Argentine exports
were 100000 bu.
Receipts OF wheat Friday: st Louis.
| 25.C00 bu, against $4,000 bu a year ago.
Minneapolis. ll3 cars, against lOS Du.
tlutE. cars. aw1inst 10, Winnipeg. 41i
cars. against 1873.
| Primary wheat receipts were $4,000
bu against 230. 900 la year ago.
! Exports OF wheat and flour Friday.
/ zoe eco bu
! TOLEDO GRAIN AND PROVISIONS.
TOLEDO .. March i--Wheat. Cash.
siOtA MAY. si03%s July. sea- G; sept.
lafMc. Corn: cash. $50 Nav aud
I IuTY, fZt! sept, I2ftc. ats; Cash, % = e.
I May. 55E5e; July. 51hc, Sept. 43Ssc.
| I'VE: Cash. 93c Clovcrsced; cash and
I March si3.3a: April. st322t[. No. ..