The Detroit times., 1913-02-05
MARKETS and FINANCE
GRAIN AND PROVISIONS

| DETROIT, Feb Close: Wheat was
| easy at the opening en- Wednesday v.
! Nobody appears ia care about the war
/ here or abroad Liverpool paid no at
| tcntion TO the American advance of
I Tuesday and ruled easy shortly after a
rather hrm opening.
J The most besrish influence az work
lin the wheat market en- Wednesday
vas rain In India. \ large section OF
\ the wheat growing part OF India was
suffering severely because OF dry
weather and II looked as II the greater
part of the crop would be wiped out. a
disaster that has been prevented 10y
timely moisture over part OF the dry
district and the promise OF rain I'm the
other sections. This IS OF much more
Importance in the making OF prices
than any nghting at present going on
iu tho Balkans. Liverpool reported
early nrmness because OF a stronger
feeling in the markets OF Australia
aud Argentina and the active buyinE
OF cargoes by the continent. Clear
anCes OF both Argentine and Austria
Han cargoes have been liberal and
holders were inclined 10 realize.
strength In corn had much 10 do
with the upturn i'm wheat on Tuesday
T here tS- ftttfp home news IN wheat and
IL Is difficult TO get up much enthusi
ssm ia the market Trading is slow
corn was weakened by favora BILE
yvUJther- IN 7trErutt1Hg where rtrg btg
corn crop appeared likely 10 be badly
injured by drought.
The wheat deal was quiet and easy
on Wednesday closing at a decline OF
q sc. \ bullish feature was shown
in the primary receipts falling below
the days exports.
Corn ana oats advanced NC and clov-
eTseed declined loc.
Wheat quotations: Cash No 2 red
$ll2A Nav opened with decline OF
l.c at $l.l5la and declined 10 $1.l5i4
-JtlS-ePeapd- az c aud declined to
90 y G; September opened at 1910 and
ruled steady No. l white STA Coarse
grain quotations; Corn cash No. g.
5lo: No yellow. l car at 52isc. 3 az
SIC; No. yellow. 5ol4c Oats: stand
ard 36c: No 3 white, 2Sc: No 4 white
cars at 3tc Rye: Cash No 2. csc
Beans hmm ediate prompt and Feb
ruary shipment. s2i0; Nav. So bid
Clovcrss ed: Prime spot. 100 bags al
SIG 20; sample. Is bags az sll.25. Il
at go, 2s al 50. 20; primo alsike, sls 40;
sample, lb bags at $3.50. Timothy
seed Prime spot. 25 bags at $3.50
Receipts in the Detroit market We'd
nesday were-l 600 bbls OF four. l car
OF wheat. s-of com and . Of oats. with
dre walls Were 900 bhls OF nour and
100 bu or corn. Stocks are 504 1876 hu
OF wheat. 20710a bu OF corn. $500 bu
OF oats and AZ ESQ bu OF rye.
Receipts OF wheat Wednesday: Chit
cage 81 cars. against Sc year ago
Minnea polls. 13a cars, against lsS; pu-
luth. 90 cars. AGAINST 26 winnipeg 2i5
cars against 20H: 81 Louis 100 900 hu
against 20 600 bu: Kansas City. So cars
against IS: Omaha 55 cars against 81
LIVERPOOL wheat closed \ a I'D lower
and corn Nd lower.
Primary wheat receipts were Ss6 0OC
bu against 434 90 bu year ago.
Exports 81 wheat and hour Wednes-
dav. $40 600 bu.
ToI EUO GRAIN AND PROVISIONS.
TOLEDO. o.. Feb. 6-wheat: Cash
Ills: May. s1.l5%; July. ssnlc; Sent.
$50. Corn: Cash. siHc; May. 5tEe
I'LL nnf .sh
3sc;: May and July. SIC; Sept. ssH c
Rye: Cash soc C1overseed; Cash and
Feb SEAS March. sl7521s April
st2 %; octo $40. Alsike; Cash. 1886
March, $lS.75. Timothy: Cash and
Feb. sls6: March. $3.50. Butter. egg.
and hay: Unchanged.
CHICAGO GRAIN.
CHICAGO. Feb. 5.-Reaction from
yesterdays rise set In today. and. de-
spite colder weather and bullish cables
MAY opened down &c. and sold dowr
sc lower in the first hour. JULY
opened down hsc. and dropped another
quarter Reports OF rainfall In Argen-
/ tine were responsible for a drop In
corn after firm opening. May options
were down sac, and July down be
Oats followed After opening un.
/ changed. both May and July offerings
bullish and made distinct gains
CHICAGO. Feb. 6-wheat: May and
July down isc. Corn: May and July
unchanged Oats: MAJ and July un-
SoonGwhsat: May down 3o: july
down &c Corn: May down sc; July
down nc. Cats: May down nc; July
down nc.
! Wheat May and July down
| tsc. Corn: May and July down &C
Oats; May and July down hc. Pro
visions: Generally lower.