The Detroit times., 1913-04-03
MARKETS and FINANCE

prices an upturD. The foreign markets
had little innusncc Ga either dlrectiuh.
The steady tone here on Wednesday
Helped to give liverpool hrmn"ss al
III. opening un Thursday. Later the
foreign feeling was easier because az
LARGE Argentine exports. The fore
east II for large worlds exports and
India reports faNorably weather and
PROMISING crop conditions Australia
is offr.inr frr"ly.-h Russia has un-
faVorahl' weather. Rucn"s ANres shows
som" nrmiless aud higher prices.
Bullish dealers think the supply md
demand situation favots the huN x
side lust NOW. Recent prcssure -lA :
been from short sellers rather than
from holders anxious Ia he rid or the
property IL has noted that many 81
I'm the day aud some ~ the selling ap-
peared TO be for effect. The long In
terest is not heavy There is more
among dealers who feet that prices
should have gone lower under recent
pounding had the market been as weak
as claimed by the bears This feeling
Is encouraged by recent report by
Broomhall. showing worlds conditions
to he quite bullish in some respects.
Bear leaders point To crop conditions
and consider the outlook all that is
needed 10 put prices down.
The wheat market ruled firm during
ne greater part IT the session and and
September. which closed unchanged.
Corn advanced lsc and oats were
strong at an uptNrn OF lc. tlONerSeeu
advanced l5c. Beans and rye are dun.
Receipts in the Detroit market on
Thursday included l 600 bbls OF flour. !
car ~ corn and OF wheat Withdraw
ais We're 1000 bbls OF -four. 5000 bu OF
wheat and 1000 bu OF corn. Stocks
are 3S3 SEQ bu OF wheat. 1859 bu OF
corn. $3.50 bu Of oats and 1873 bu
OF rye.
Receipts OF wheat Thursday: Chi
cago. 43 cars. against 81 a year ago;
Minneapolis. 267 ears. against 1850: Du-
luth. 20 cars. against so: Winnipeg, 201
cars. against 1855; southwest, $4,000 bu
against $4,000 bu.
Stocks OF wheat in Minneapolis de-
creased 20. 600 bu for the week.
Estimated Argentine wheat exports
for the week, 100000 bu
Liverpool wheat closed unchanged to
sd lower and corn sd lower TO I'D
higher
SHOWS report makes winter wheat
SO on April !, against sl2 year
age and a lo-year average Of $50
Wheat receipts at primary points
were $4,000 bu. against 100000 bu a
year ago
Exports OF wheat and -four Thurs
day $4,000 bu.
Wheat quotations: Cash No. red
sl.0s. May opened with decline OF
&c at 81 90. advanced To sloeA and
closed at sl.o9x July opened at s3Lc
and advanced TO Ssc; september
closed at sshc: No. white. sos
Coarse grain quotations: Corn, cash
No. 3. 4tc; No. white cars at 5St,c
No. yellow. cars at 55c; No. vel
low. 53i.c oats: Standard. 3TLc bid:
No. 3 white, 2 cars At S6rc; No. I
white. 35itc Rye: Cash No .. soc.
Beans Immediate and prompt shie-
ment. $3.50: May. 81 80. Cloverseed:
Prime spot. SO bags at s1225 sample.
Is bags at ss.75 prime alsike. $3.50;
sample alsike. ~ bags at sll.50. Tim
othyseed: Prime spot. 70 bags at
$40
CHICAGO WHEAT.
CHICAGO, April 3. Wheat was
easier today on lower cables from Liv-
erpool. where estimates OF hiS Argen-
tine shipments gave the market a bear
ISL tone. Commission houses that
forced the advance yesterday by buying.
turned sellers today The decline over
yesterdays close ranged from u a a. c
for last month In early trading Corn
was firm and higher on Liverpool
cables, the early advance being from
"A a asc for each month. oats was Arm.
with a moderate volume OF trade. Pro-
visions We're steady and firm. with little
change In options
Opening Wheat: May down a.c:
July down sc. Corn: May and July
unchanged. Oats May and July un-
changed. Provisions: Steady.
Noon-Wheat: May up Sc; July up
ssc. Corn: May up sac; July up &C.
Oats: May up sc. July up a.c.
closing-Wheat: May up &C; July
&c. oats: May unchanged; July up
er.