The Detroit times., 1912-11-27
GRAIN AND PROVISIONS


DETROIT. Nov. 27.-Close: The
early Liverpool wheat market showed
no fear OF war troubles. Prices were
lower. which would not have been the
case had foreign grain dealers feared
further complications OF a political ns-
ture.
Early wheat news was scarce and
dealers here were surprised TO see an
advance in Chicago in the face OF low
er foreign markets II was reported
that wheat offerings were scanty and
shorts nervous. There was free COW
ering because OF late private cable
quoting tirmness abroad. The war sit
uation is still acute enough to make
wheat trading extremely dangerous.
and those who have been keeping out
or II have plenty OF reason 10 be than-N-
full Both sides are dangerous. The
short may find himself bankrupt any
minute by some extension OF the
trouble while the long Is I'm an equal
ly critical position owing 10 the like
lihood that the whole matter may be
settled overnight. leaving him with
high priced property on his hands and
a declining market
The weakness In Liverpool was eN-
planned by lower offers from this side,
pressure OF Russian and Canadian car
goes and heavy realizing sales. Wealth
er I'm Argentina was bad and the Liv-
erpool price recovered part OF Its early
decline IL was reported that efforts
10 put a stop TO the war had failed.
much as ever In evidence. Receipts are
large I'm all directions. stocks are In
creasing and cash demand Is small.
Wheat was firm and closed with an
advance OF NC.
New corn is now quoted IL is about
loo under old. oats are unchanged ana
the leading bean deals are SC higher.
Wheat quotations: Cash No. red.
N.O6A December opened at s1.06k,
advanced 10 S107 and declined 10
sl.06x; May opened at s1.11A, ad-
vanced TO SLIP. declined to $1.11h and
closed at Sl.11A July opened at % u c
and advanced to 93kc; No. ! white.
s. 6s Coarse grain quotations: New
cars at 52kc: No. 3 yellow. car 1t
sc. at SIC. No. yellc 4 cars at
soc. Oats: Standard soc; No. 3
white, 2 cars at SIC: No. white,
Cash No. 2. SIC. Beans: Immediate
shipment. Sc 40: November shipment.
6 cars at Sc. prompt shipment s2.32;
December. cars at t22S: January,
sample, so bags at 1918 II at 1915. 40
at 1925; prime alsike. S13; sample al
sike, 20 bags at s11.5o,
Receipts Of wheat Wednesday: CHI
Winnipeg, 725 cars. against Sal; Du-
luth 29s cars, against Il; Minneapolis,
5g3 cars, against 372: st. Louis $4,000
bu, against 900 bu; Kansas City. Is
cars, against II; Omaha. &c cars,
against Il.
wheat stocks in Minneapolis in
creased LIPS 900 bu for four days.
Liverpool wheat closed y AID and
corr nd lower
Receipts I'm the Detroit market We'd
nesday included 500 bbls OF -four. }
cars OF wheat, or corn. 8 ~ oats and
OF rye withdra walls were 1900 bbls
OF nour and $4,000 bu OF corn. Stocks
are 4lg 702 bu OF wheat. Ia SOL hu OF
corn, IS. 1916 bu OF oats and 5S,4s1 bu OF
rye.
Primary wheat receipts were 1890
Coobu against $4,000 bu wear ago.
Exports Of wheat and -four We'd
nesday. 49, 900 bu.
The worlds visible supply OF wheat
Increased 1900 900 bu last week.
CHICAGO GRAIN-Opening.
CHICAGO. Nov. 27.-wheat: Deem
Der down Iac: May down nc. Corn:
December ami May unchanged. oats:
December and May unchanged Pro-
visions steady.
Noon--Wheat: December up &C:
May up &c. Corn: December UNI
changed: May down &c. Oats: De-
cemher and May up \
naranhar m a.