The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1912-02-29
U. S. GOVT BONDS.
GRAIN AND PROVISIONS.

DETROIT, Feb. 29.--Close: The Liv-
erpool advance OF Thursday was cred
tied by many dealers as much to Ar
gentinc conditions are TO the advance
on this side for wheat. in Argentina
is not getting freely TO the coast and
loading OF steamships is slow This
helped 20 boost English prices. The
opening on Thursday was quite firm
and prices at home and abroad add
vanced.
The reserves OF wheat on farms 9
the most important point in the wheat
market just now and all guesses at
what the amount is are bullish A
short time ago the market was adj
lvanced by an estimate by trade
journal in Chicago. but more recent
figures have gone the first guesser
many millions better. Some put the
total at 100.00O,00O bu. but Snow. who
is considered, about the best crop eN-
pert in the country, puts II down TO
IS. 100000 bu. or S2,00O,000 bu less than
ness out OF the big vSsib:e supply as 1t
shows the country TO be much worse
off for supplies than expected.
Southwestern farmers are said to be
selling wheat literally again. but IL
il Inquired that country elevators hold
only about 5000. 900 bu of spring wheat
while the quantity usually held at this
time OF year is over 100000 bu. a
very good Chicago authority on wheat
has returns showing that farmers have
IA 100000 bu OF wheat. Cash wheat
IN Minneapolis was in fair demand and
the advanced prices weN bringing
offerings Of wheat from farmers. Mills
reported sales OF -four The market
was strong, but buying by shorts was
not so active as on Wednesday. and
late liz the day an easier tone was ex-
perienced. All the early gain was lost
and the close was "a N Iac under We'd
nesdays. Corn advanced i7c and the
other deals were steady
Wheat quotations: Cash No. red,
g. sc; May opened with an advance of
'iIc at sl.03h. advanced to Sl.03I5 and
closed At sf-o2 z opened a SC y c.
LOST Ac, advanced To 81 ~ C and closed
az gre: Sept 96lse; No. 1 white. 95 "a
Coarse grain quotations; Corn, cash
No. 3. Sec, No. yellow . cars at 6Tc:
No. 4 yellow. cars at csc, sample.
cars at 6ec. oats. Standard cars
at h4cy; Ney2 white, lear At SO ~ e. Rye
Cash No. 2. 95c. Beans: Immediate
and prompt shipment sass: Mar s237.
Arr. s2.40; May, sp.42. cloverseed:
Prime spot, so bags at sr325; Mar,
Sl325; sample, IL bags at s12.25. %
$3.50: prime alslke, s13; sample alsike.
bags at s1175 Timothyseed: Prime
spot. 1e5 bags at s6s5.
Receipts In the Detroit market on
Thursday included 400 bbls OF -four l
Withdrawals were 400 bbls OF flour
1880 bu OF wheat and 6.4s7 bu OF corn
stocks are 555.5l6 bu OF wheat, 1876. $50
bu OF corn. 130.7I1 bu OF oats. 1925 bu
OF barley and %. i96 bu OF rye.
Wheat receipts Thursday: Minneapo-
lis $50 cars, against l21 a year ago:
Duluth. q cars. against 3: Winnipeg.
5lS cars. against Ia. 81 Louis. $4,000
bu, against $1,000 bu; Omaha, cars
against ~: Kansas City, 10 cars
against IL.
liverpool wheat closed a. n I'd high
or and corn sd higher.
Argentine wheat exports this week
are estimated at 1000 900 bu, against
$3.50. 600 bu year ago.
Primary wheat receipts were 34l 900
bi against 5000 bu a year ago.
Exports OF wheat and hour Thurs
day. $4,000 bu.
CHICAGO PROVISION MARKET.
CHICAGO. Feb. 29.--Butter: Extras.
Csc: nrsts. zee: dairy extras, 26c: trsts.
24c Eggs; Prime frsts. 26ia q 2Ic.
firsts 23d2Ac Cheese: skins. l6A 70
tic young Americas. liz M11 nc Give
no,ltry. Fowls 15Mtsibc. ducks lao