The Detroit times., 1913-02-13
MARKETS and FINANCE

encs OF heavy Argentine wheat eN-
ports and Winnipeg appears 10 rave
taken alarm and IL getting move on
ia attempting TO market the remainde'
OF the surplus Canada has great
deal OF wheat still for sale and must
now meet sharp competition from At
gcntine The latter has made hehNy
exports this week and worlds exports
sr,. expected 20 show Up pretty DIE.
Liverpools feeling OF weakness was
helped by bad weather but VIII escape
being wiped out. Bulls are getting no
help from the Balkan war oearish
feature is found In the small decrease
In the worlds supply compared VIII
last year and the fact that stocks are
= 0O0. 600 bu greater than year ago
Realizing has been going on at an ac-
tive rate for several days I'm Liverpool
Bearish sentiment prevails In me
American market. The most enthusl-
Astic bull admits that II Will take eN.
port buying 10 start something. ana
the market Is far above an export level.
There Is always some hope at this time
OF year based on the chances OF a crop
scare. but nothing or that kind Is now
In view, Bears pounded the Chicago
market with great confidence durins
the greater part OF Thursdays session.
Wheat put up very weak rnlsh on
Thursday after ruling easy all SEES
sion. The close was az a loss Of 4Ac
in cash and May. while the July and
September options declined lqlAe-
Corn and oats lost hac. Cloverssed
Wheat quotations: Cash No. ? red.
tl,0t n May opened at decline or &C
at ti.l4ls and declined 10 sllo; July
opened AT s6kc and declined 10 seho,
81 september opened at 94Ac and declined
to 30 "a c; No, l white. 81 06ls.
Coarse grain quotations: Corn-Cash
No. ,. sos. asked. No. 3 yellow. cars
az 5lac closing asked; No. ! yellow,
asked: No white, 36i.c asked: No,
white, 35c. Rye-Cash No. ?. 63e
Rtans-Immediate. prompt and Febru-
airy shipment. s2lo; May, t2.2o. Clov
sample. Is bags at s1O.s5. 12 at 1850;
prime alsike. $i250: sample alsike, 10
bags at Sl2. at Sill so. 10 at Sill. Tim
othy seed-Prime spot 80 bags at 81 80
corn y u VA lower.
Receipts OF wheat Thursday: Duluth.
So cars against IL cars year ago;
Minneapolis. 442 cars, against 645: Chi
$40 900 bu, against $4,000 bu a year
ago
Stocks OF wheat at Minneapolis In
creased 100000 bu for Ave days
900 Blu. against $4,000 bu year ago.
Exports OF wheat and iour Thursday.
504 900 hu.
Receipts in the Detroit market
and no grain. Withdrawals were 1000
bills OF -four, 1000 bu OF wheat $4,000
bu OF corn and 1900 bu OF oats Stocks
are 4sS.4O4 bu OF wheat, la5.f06 bu OF
corn. e4.43o bu OF OTIS and 2is55 bu
OF rye.
TOLEDO GRAIN AND PROVISIONS.
TOLEDO. o.. Feb i3.-Wheat: Cash.
n.o7: May, tl.os; July, s5ssc; septem-
Der. s3c. Corn: Cash. 50hc: May, S3fsc;
July, 54<c: September. S5Sc. Oats;
Cash. S5nc May and July. SsAc; Sep
TENDER. sec. Rye: Cash, sc. Clover
seed Cash and February. sl2: March.
sl2 April. tll90: October. $3.50 AL
sike: Cash $3.50; March. $3.50. Tim
othy: Cash and February, Sl.12h /;
March. 1915. Butter. eggs and hay;
CHICAGO GRAIN.
CHICAGO. Feb. ls-Lower Euro
pean cables and accumulation OF bear
ish influences over the holiday caused
heavy drop In grains May wheat
opened down NC, and was sold down
another &c In an hour. July opened
down nc and dropped anotheS NC.
At the opening corn was quoted &c
lower. Laser May contracts were ham
mered down Nc more. and July lsc.
Oats followed. May opened down ~
and declined IA. jolly 'ttI'i Ian
\ and yiel4ed an ADDITIONAL quarter.
Provisions opene fairly hrm. and
then dropped along with grain.
CHICAGO. Feb. ls.-openin
Wheat: May down &c; July down 10.
Corn; May and July down &c. Oats:
visions: slightly over.
Noor-N neat: May, down &C; July.
Gown nc. Corn: May down re: July,
down Sc Oats: May down. &c: July,
Closing-wheat: May down &C: July
down nc. Corn: May and July down
&c. Oats: May down &C; July down
hc. Provisions: Markedly lower.