The Detroit times., 1913-06-02
GRAIN AND PROVISIONS

DETROIT May 3i.-Close: Satur
days market opened with sronA
tone in wheat. Liverpool had an al
vance which the American markets
We're quick To follow. The news wa'
all in favor OF bullishness.
The strength in Liverpool was large
| ~ based on American crop damage
news, but there We're also light Mani
toba offerings and the official repor
! or the crop OF India was disappointin :
IL showed crop over l0.o0O,OoO gu
less than that of last year. An IN
crease had been expected.
At home there was an increase III
the area effected by dry weather an,
! the outlook was that much worse. Ne
/ braska had fields burning up south
western Kansas. Oklahoma and south
western Missouri had very unfavorapI'
conditions. In Texas the outlook was
| better and harvest VII start III tina
state next week. In the other south
/ ern states they vii be cutting whea
about June 8. south Dakota and Ne
oraska had scattered showers. but th'
{ dry parts OF the southwest We're un
relieved and the general tone OF re
ports were very bullish.
4 The wheat market Is entirely mat
ter or weather. This has been IL bu!!
/ ish influence all week and on Satur
! day there was not much sign OF relief
J The map had few spots or light RAIN
| but nothing like the moisture that Il
needed 20 save the winter wheat croi
in several important parts of the south
west.
The market gained he after open
ing AT an advance OF nc and close,
at the opening price. the tone at tn
| finish being slightly easier.
Corn, oats rye and beans were quIe
| and steady
Wheat quotations: Cash No . red
N.l0h May opened with an sdvanc'
| of VIC at sl.10iY, advanced to sl.lOa
and Asrlinad N Inly and Sen
| te,nber opened at 93hc. gained &c an'
declined to s3l.c: No. ! white. 81 0s L
Coarse grain quotations Corn
cash s,S NO; g. ss,.s; No Yellow ~ &c cars
car at 42tsc. No. white. 4Ol4c.
Rye: Cash o. g 6ic
Beans: Immediate. prompt and June
Receipts in the Detroit market sat
urday included 1000 bbls. OF -four.
| car OF wheat, OF corn and q Of oats
| Withdrawals We're 900 bbls OF fiou
and 10000 hu. OF wheat Stocks arr
| $4,000 bu. OF wheat $4,000 bu. OF corn
| 25.T30 bu. OF oats and 1880 bu. Of rye
Receipts of wheat Saturday: Duluth
| 81 cars against SO year ago: Mime
| apolis. 292 cars. against no Winnipeg
| 40 ears against 236; Chicago. 10 ears
| against 30; ST. Louis, - 600 bu.. agains
$4,000 bu: Kansas City, l01 cars
| against 81; oamaha. - cars. agains
Estimated worlds wheat exports ex
| elusive Of North America; 100000 bu
for the week.
Wheat stocks at Minneapolis de
| creased 10000 blu. IN one day
Wheat exports this week Argen
tina. l.+s400 bu.: Australia. l,is0. 90
! bu. India, 2344.00o bu.
India wheat crop this year. 800 $40.
900 bu. against S73. 100000 bu. yea
Primary wheat receipts were 1900
bu.. against $4,000 blu year ago.
Exports Of wheat and -four Saturday
2l7. 900 bu
TOLEDO WHEAT AND PRODUCE.
TOLEDO. O., May 3l.-Wneat: Cas-
sss% IVA" 66ecsm t. sly an" corn, Gas
spa MAJ" Oats sec cas-. sSi and Nay gS
axe; september. ioiec. Rye: Casl
SAC Cloverseed: Cash, sl2; Octobei
1927 re; DECEMBER. s1:s2ls Alsike
Cash and May s2o2Aa August ss27 !:
hay: Unchanged.
CHICAGO. May 80 p e n n e
Wheat: May up Nc; July UP sc. Corr
May UP. NC; July up hc. Oats May L
"CioseHwheat: May down &c: iul
down Nc Corn: May up 1c; July u
tsc. Oats May steady; July up X
Provisions: Steady
CHICAGO WHEAT AND PRODUCE.
CHICAGO May 3l.--Wheat Jumpe
at the opening today on more news q
crop damage in Kansas and Oklahom
due to hot and dry and maintained a
advance of u over the prices prevail
ing at Thursdays close July close
at 92hc, d gain Of nc and May at 2.
a gain Of sc over the closing prices q
Thursday.
a fnal furry among shorts droy
May corn up TO 90 cents. the hlYhes
tigure in several weeks and an I'd
vance OF full cent over the lay
opening. The jump occurred just he
fore the market closed at noon. Jul
advanced only a fraction.
Oats had strong undertone In sym
patty with the other options. but an
effort to push prices beyond AZ cent
was met by prompt selling that kep
May at that figure and July at 3sc.
Provisions were quiet but firm. 81
ferings were small and there was
moderate commission house demand.
July s2A $685. 92~ xbggL