The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1913-03-17
GRAIN AND PROVISIONS

ETROIT. March iT.--Close: Has EU-
rope more wheat than she needs? VIII
Europe be a large reselier OF wheat IN
case the war is terminated without
spreading 20 the other powers? An AZ
trInative answer means low prices ana
there are many in the trade VINO take
that view OF the situation.
Notwithstanding the BELIEF that fu-
rope il overbougnt, an early cable IRON.
Liverpool noted n good continental &c
mand and the markets on this side Oh
the Atlantic took ~ rrn tone from Eu-
/ rope Liverpool was rather easy b.
cause OF worlds exports almost AS large
os those or the week before and an n
crease IN stocks II * noted also that
larger snare Of the weeks exports
are headed for United Kin gdom ports.
The covering ot March wheat was an
important feature.
point Of the crop in Chicago on 5atur-
day there was not much support from
dealers going Ions: The buying was
nearly ali on resting orders for the
taking OF profits on previously SOLD
wheat General conditions are consid'
-ared hearish-- Flour is in small demo nd
and stocks are increasing. Big mllls
are shutting down. The northwestern
movement from farmers hands Is
heavy and exports travelling IN the
southwest report an almost perIect
crop outlook. Export buying was
greatly advertised last week. but actu-
ally amounted 10 little--just enough 70
scare away bears who wished TO sell
short. This prevented worse break
but there was not enough OF IL 70 elss
the market aggressive strength. Local
millers have all the wheat they want
and are not anxious TO buy even the
few scattering cars that are coming -
rnand FOR -four The Michigan wheat
crop is said TO be In very good shape,
excepting that IL is covered with water
in some OF the flooded districts.
Lon a. n
the close or very dull day.
The coarse grains were unchanged
Cloversecd declined &c.
Wheat quotations: Cash No, req.
si.05& touched sl.o6 and declined 70
si.0ais July opened at 9Z%, lost - {.
advanced 70 92a. q and closed AT seie c:
September opened At go ana ciose'
Coarse grain quotations: corn as y
No. 3. soc. 80. 3 yellow, cars at 1lc:
No. ! yellow. + car at 49nc oats
Standard, "a he. No. white, cars al
s3Isc. No white 3sIsc. Rye-Casn
No 2. SEC Beans--Immediate and
prompt SHIPMENT $50; May, S.so.
cloverseed--Primne spot, 100 oags az az
5000. u at 50; prim. alsike. 10 bags
~ $3.50: sample alsike. Is bags at
Sl050 Timothy seed--Prire spot, -
Receipts in the Detroit market Mon
day included 1000 obls Of Hour. ! ear
Of wheat. az corn, 6 Of oats and OF
rye Withdra walls were 1000 bbls or
-four. and 900 bU Of corn. Stocks are
4G5.752 bu Of wheat. 1851 % bu Of corn,
s2S3O bu OF oats and I5l - bu or rye.
Liverpool wheat closed unchanged 10
I. a lower ard corn unchanged.
Liverpool wheat stocks are l,SZso"p
bu. against l160.0"0 bu week ago
and Loo. 600 bu year ago.
Farm reserves and elevator stocks or
wheat just now make "a total OF sf4. :
o0O.0 bu. compared with 2's,ooo,Ooo
bu year ago.
Wheat on psssaGe ia 5T.64$.o0o hu.
against 5t.82S.0OO bu n week ago and
4Gi2s. 900 bu year ago.
Worlds wheat exports last week
were ls472. 900 bu.
Visible supply changes: Wheat. ss3.-
O00 On decrease Corn, has. 600 bu In
crease oats. 5000 hu Increase.
The visible supply now Is s22ts.0o0
hu against s3.25s.O00 bu a week ago
and 81 $50. 600 bu a year ago.
Primary wheat receipts were 1.23a.-
COO bu. against ss-. 600 bu year ago
Wheat stocks in MirBea polls in
creased 10000 nv for two days.
Receipts ~ wheat Monday: Chicago.
- cars, against % year 40: Judith,
~ care. against rs Minneapolis cSt
cars. against Cos: Winnipeg. rs cars.
against 661 south west. t1n.p0o hu.
against $1,000 81
tNrorts of wheat ana Nour Monday,
20 00a IN