The Detroit times., 1913-01-15
GRAIN AND PROVISIONS

DETROIT, Jan. 15.-Close: Liver
pool was only steady at the start We'd
nesday and bears became quite aggres-
sive early in the session. Wheat APP
peAred stalled on Tuesday and the
bears thought the time ripe for re-
action.
While in a speculative way the mar
ket was ripe for a decline. having ad-
vanced and ruled firm for several days,
there was not much or q bearish ma
ture in the news Europe 10 feeling
the scarcity OF good milling wheat and
will probably continue TO draw on this
country and Canada all season. Chi-
-caRn and the northwest WILDE called
on TO furnish wheat 70 the soft winter
mills. and large quantities will be re-
quired TO help them over to the next
crop. all of which gives the market a
tone OF bullishness. The season OF crop
scares is at hand and the winter ap-
pears TO be shaping itself In way to
furnish some Winter wheat is losing
its covering and there Is much anxiety
about the crop all over the southwest
Bears believe q break is due on gen.
eral principals, as market can scarce
ly be expected TO go one way all the
time. The Argentine crop is beginning
TO move freely and the export surplus
is very large. Northwestern wheat Is
still seeking a market in large quaint
ties and stocks are increasing. Millers
take a hopeful view of the situation
and believe prices will not go much
lowers There Is still a war scare in
Europe and Liverpool closed at a mod
crate advance. Rosario wheat was
quoted hrm and higher. Plate and
Australian cargoes were higher
Wheat had an early drop OF Il n nc.
| but later advanced and the close was
| at gain OF a sc over Tuesdays close.
Corn and oats were steady. Clover
| seed advanced SC and alsike loo.
I "A n cd
t11sA May opened without change at
81 20 declined TO s1.l91a and advanced
! TO tl.2o; July opened at SSc, declined
| 10 s14lc an advance to gS&c; No. !
! white, s1.15. Coarse grain quotations:
! Corn. cash No. g. cars at 50Ac; No 4,
Z car at 4SAc; No. yellow cars at
Sic; No. yellow. cars at 4s'c
Oats Stanard. l car at sec. at 36!c;
| 34hc Rye: Cash No 2 ! car at &c.
| Beans: Immediate prompt and Janu-
airy. SAGE February ) hipment s215.
| Cloverseed: Prime spot, t12, sample.
10 bags at So AT $3.50; prime alsike,
| $13. sample alsike. 10 bags at S1175.
| Receipts in the Detroit market We'd
! nesday were 1000 bbls OF -four cars
OF wheat, 20 OF corn and II OF oats.
| Withdrawals were 1000 bbls OF -four
end $4,000 bu OF corn. stocks are 1872
| 49, bu OF wheat 1864 bu OF corn,
$500 bu OF oats. 2s9l6 ou OF barley
and $1,000 bu OF rye.
The worlds wheat visible supply in
creased s252,0O0 bu last week. com
pared with 1850 900 bu the week be-
fore and 1,9T4 900 bu a year ago
Liverpool wheat closed I'D higher
and corn unchanged.
Receipts OF wheat "wednesday: 81
Louis 100000 bu against 25. 900 bu a
wear ago; Minneapolis. 2se ears. against
2S1: Winnipeg. 226 cars; Duluth, al,
against II: Chicago. lo3 cars. against
"a
MINNEAPOLIS stocks OF wheat increas-
ed $50 600 bu for four days
worlds wheat visible supply Is 2eS
6s7 900 bu. against 2O9.SOS,OOO bu
year ago. ooo
Primary wheat receipts we're $4,000
bu against 396 900 bu a year ago.
Exports OF wheat and hour Wednes-
day. $4,000 bu.
s.uUrACO GRAIN-Ope ming.