The Detroit times., 1913-02-04
GRAIN AND PROVISIONS

DETROIT. Feb CLOSE: The re-
sumption OF fighting in Europe natur-
ally has a bullish effect on wheat anu
might easily account for the advance
in Liverpool. but the weather In lndls
is also bullish and the wonder Is that
Liverpool does not show more strength
India must have rain In 10 DAYS or lose
30 per cent OF the crop. Already 10 per
cent has been lost
Liverpool reported the bearishnsss OF
th4-Atpsrlcan-e Close -MOndAl onseN
By finer and higher wheat markets IN
south America and Australia The re-
sumption OF war caused a lot or cover
ing by shorts and there was again
active buying by the continent, Whete
wheat is being absorbed at sreat
rate Crop advlces from Europe were
not favorable ard the English markets
were very firin The European visible
supply Increased i.se6. 00o bu.
Dealers In this country who are IN
close touch with the export trade say
prices will not be permitted 10 go much
under this level as foreign buyers are
ready 10 take IL on further decline
The large increase In European stocks
and In the quantity anoat caused
bearish feeling on this side and many
expected lower cables because OF the
statiTtical bearlshness OF the situation.
at home the~outlook favors decline De-
cause the winter wheat crop has re
ceived a good protection or shaw ana
jury. Demand Is slow. Millers report
small inquiry for -four. Bulls hope
for a resumption or foreign buying
wing 20 the war which Is apout the
only bullish expectation just now
Wheat ruled nrm all Tuesday ana
closed at an advance OF Ac In cAsh.
May and July and ,sc in September
Corn advanced nc and the other
Wheat Quotations-cash. No. 2 red.
S1l2h; May opened with an advance
y c at tl.l5h and advanced 10 tl.lo - ;
July opened at 95 &c declined TO 80 J. G.
Ell al 9shc. declined &C, and advanced
TO 95 G.. No I white. sl.ll u.
Coarse grain quotations-Corn! Cash,
No 3. soc, No. 4. cars at tsc; No.
yellow. 2 cars at soc. Oats--Standard.
So y IS No. 3 white. 34izc; No. white.
/ car at 3Siac. Rye-Cash, No. 2, ode
prompt and Febru-
airy shipment, $2lo; navy shipment
SAGE. cloversesd-Prime spot, Sl2.6o;
sample, so bags at $12.40. 10 at ;ll.
is at $3.50; prime alsike, $3.50; sam
pie alsike, bags at Sl226. Timothy
seed-Prime spot. IS bags at $50.
Receipts In the Detroit market in
wheat. 10 OF corn and l OF oats. With
were 1000 bills OF -four, $3.50
bu. OF wheat, 10000 blu. OF corn. 5000
bu. OF oats Its. and 1900 6p Of rye Stocks hSI
OF corn. 5000 Blu. Of oats and 42,26o Blu.
or rye.
Liverpool wheat closed sqhd
hisher and corn unchanged 10 I'D
higher.
Receipts of wheat Tuesday-st
Louis. $4,000 bu.. against 10000 bu.
year ago; Kansas City. 500 cars,
against 40: Omaha Al cars. against
q, Minneapolis. 22s cars. against lel ::
Duluth. l2+ cars. against "a, W!nnipes
322 cars. against 2ss; Chicago 80 cars,
against 81.
Minnea polis-wheat stocks increased
1890 bu. In three days
The Canadian visible supply Increase
1.75S.000 bu. last week ana is now 20
$4,000 Blu.
Exports OF wheat and -four Tuesday.
$4,000 bu
+ Urinary wheat receipts were 1000
bu.. against 100000 bu. a year ago.
Worlds wheat stocks increased T.
70l 600 bu last week and are now 20s,-
1855 600 bu.. against lss.sl3,00o bu. a
year ago.
TOLEDO GRAIN AND PRODUCE.
TOLEDO. Feb. 4-Wheat: Cash,
TENDER, S4c. Corn: Cash. 42c: May.
sc &c; July, 56ac. September. 81. oats:
Cash, sShc; May and July. ;. sso; Sep
2sAs Rye: Cash. csc. Clov-
erseed: Cash and February, $l2.45;
March. s15.52iz, April, $3.50; October,
$3.50 Alsike: Cash, $3.50 March.
jls75. Timothy: Cash and February,
slS5 March. $3.50. Butter. eggs and
hay: Unchanged.
CHICAGO GRAIN.
CHICAGO, Feb. Firm cables. the
resumption OF war and increased cold
favored bull settlement today. On ie-
ceipt OF Liverpool cables OF the rise OF
wheat there, the local wheat market
advanced Nd for May and July deliv-
cries. Corn was still strong. May and
July options advanced nd at the open
Ing and gained I'D more In the frst
hour OF trade Oats opened firm and
then registered the nrst change OF the
week. going up hc. Provisions had a
marked rise.
CHICAGO, Feb. t-Whsati May and
July up NC. Corn May and July up
Nc Oats: May and July unchanged.
Provisions: Higher.
Noon-wheat May up Nc; July un-
changed. Corn: May up hc. July UP
&c oats: May up Nc: July up &C.
Close--wheat: May UP %c; July up
&c. Corn: May and July up &c. Oats:
May and July up nc Provisions:
Higher.