The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1913-08-07
MARKETS and FINANCE
GRAIN AND PROVISIONS

DETROIT. Aug. 6.-Close. II looks
as IL the hot spell over the corn holt
had been broken. Temperatures are
lower and some moisture has fallen,
More rain Is needed and Indications are
favorable
The snow estimates given on tn s.
day indicate a wheat crop Of 35o "o 900
bu greater than that OF last year. hc-
ing 526,e00.00' bu OF winter and T..
break Oh Tuesday and is cousidct cd
quite bearish. In case the export de
mand should dwindle there VIII d.
large surplus 10 carry over and h-lpy
depress tha market Th, decline So far
this week forms good reaction from
the previous high prices and some dra'
ers feel like taking hold ON the l5n"
side. hut are watching Tor the tH,tt
Of weather changes on the corn deal
The corn crop is still i'm trlutdl poo
sitton and should the next few DAVIS
fail 10 bring moisture there VIII Nhe
another buYlnE rush that VIII larry
wheat up along with corn Left 90 H.
self there is nothing In sight Co boom
wheat
weather is favorable for Wyhcat hare
Vesting I'm the Canadian and American
spring wheat country farmers show Z
Willingness 90 sell and cash handl 'tF
expect big receipts 10 continue stocks
are on the increase al leading pout
and fOreign buyers are not tax uS
wheat with a normal corn market,
wheat gives evidence OF weakness. bNt
return OF not weather TO- tne corn
belt would upset the calculations OF
ftlltNtES IN lower prices.
Mtllers are not active buyers ana re-
port quiet flour market.
There was some early strength Ia
wheat that did not hold The close mas
at the last prices OF the day before
Corn advanced lee oats declined a
and cloverseed declined Toe
Hay Is quoted higher
Wheat quotations Cash No. red,
SSc, september opened n SIC. advanced
To SSiac and closed at S9c. December
opened AZ 9Sc. lost &c. advanced 70
aS y and closed at s3c; May opened
at ga G.. advanced go 9Siac anC do
c'nCd 10 - a G.; No. / white. sc Coarse
grain quotations. Corn. cash No. ,, Tie:
No > yellow. 73isc No 3 yellow, l car
at 13c oats. standard car at 44c;
new. aga asked No ? white. ] car At
43e; new No. 9 white cars az ~ 81 c;
No white, car at Al sc, new. J car
az i0&c; sample. / car at i0c. rye;
and prompt shipment. $3.50 October.
So. Cloversecd. Prime October 100
bags at $3.50. December. $3.50, Octo-
b r. alsike sl1 sample alstke, bags
thy. Prime spot. SO bags at s250 Al
falfa. Prime spot. u bags at $3.50.
Barley; Good samples. Sll0n LIS per
cWt.
uesday included 1000 bbls OF -four. =
cars ~ wheat. OF corn. Ia oats and
I OF rye Shipments were Geo bhls OF
bour stocks are lS5.S90 bu Of wheat
so $50 bu OF corn, 2S,2So bu OF oats and
IS 2H0 hu Of rye.
Kansas reports this the worst day
of the season for corn. Hot winds
Heavy rains delay European harvest.
Liverpool wheat closed = a = q and
corn "a a AZ lower
heat stocks at Minneapolis de-
creased $4,000 bu in four days.
Exports OF wheat and Hour Wednes-
daN 1885. coo bu.
Primary wheat receipts were ZOOS
900 bu. against 1.qS1 600 bu year ago.
Receipts Of wheat Wednesday:
Southwest 367 600 bu, against 1850. 900
bu a year ago Duluth. 81 cars. against
s Minneapolis 80 cars against 142: 4
1903 cars. against as Chi /
cago, 7S3 cars. against ISL.