The Detroit times., 1913-02-18
MARKETS and FINANCE
GRAIN AND PROVISIONS.


DETROIT. Feb. ls-Close: Wheat ia
tho Detroit market opened without
changc on Tuesday hut the tone was
hrm anu other American markets had
IN Upward tendency. The foreign mar
ktt9 were all strong
liverpool confirmed reports that Rus
STA II wing milling wheat in Argen-
una and the strained relations be-
tween Russia and Austria had some
liHrcncc Ia strengthening the foreign
rta'NttS onerings OF Canadian wheat
~ ere rev nnd higher prices were ask
~, and Plate offerings We're nrnly
,i1. NarSoes We're in active demand
anu the Liverpool spot market was
nyim with ,millers anxious tor good
neat News from India was a little
more favorable and an eNportable sur
Tho yield in the central provinces
promises 20 be normal, the United
provinces ngure about half a crop and
me recent rains have helped the Pun
Juap SO that normal crop appears
3 \ Liverpool crop expert figures the
ArAentine wheat surplus at Us 000,o00
on, against Broomhalls last estimate
/ OF lAAO0O;000 bu.
! Bears are frightened by the easy
way In which wheat RECEIVERS after
every decline. Several recent bears
are now over on the bull side d!scour-
IaEed by the failure ~ attempts o. de-
/ press prices The moisture conditions
4 In the southwest make short selling
dangerous. as the chances are favor
able for bad crop damage scares a
\ little later In the season
/ Wheat had little activity on Tues
day The close was unchanged Cor cash
and July and &c lower fer May and
, September.
Corn was unchanged and oats adj
Yanced Nc. The other coarse grains
and seeds were steady
Wheat quotations: Cash No red,
si.6TL May opened without change
a ~ a4lf IN =. do
+ clined 20 81 N9L July opened az psc
&c clined 10 g5S ana closed at csc;
September opened az - and deGl'n-
Coarse grain quotations Corn, cash
No. 5, 4si.c 10. 2 yellow. 10 cars a.
51fac No ( yellow : car tt 49c Oats:
standard, l car az 3Sc: 40. white !
lear az 3&Ac AZ SO. No. white.
cars al CSC, sample ! car al &C, Rye.
. Cash No 3 tSC Beans Immediate.
nrcmpt and February shipment s2lo.
May ss:o Cloyerseed Prime SPOT, %
hsgs az Sl3; sample, IS bags at Sll -.
~ Slo5o. % az Ss,75. 10 AT SS25;
prime alstke $3.50, sample alsike.
bags at sig. ; AZ SRI. mothyseed:
Prime spot. 40 bags az Sl75
I The European visible supply OF
wheat Increased Gas 600 bu last week
Foreign crop summary is slightly
urfavorable.
tuesdays wheat receipts chicago.
81 cars against 50 year ago Mln-
insapolis. e2l cars against &f9. Duluth.
I i+s cars, against AZ Winnipeg t6s
+ cars. against $50; southwest. $4,000
4 bu. against 10000 bu.
Liverpool wheat closed Z, n l. d high
/ er and corn unchanged 20 ID lower.
Worlds wheat Visible supply de-
creased $4,000 bu last week against
~ 600 bu decrease last week and
t.S 200 bu decrease last year
MINNEAPOLIS stocks -prAaat In
creased $4,000 bu for three DAYS
Receipts in the Detroit market on
/ Of
cars OF corn and Is II oats. with
dr7wals were 1000 hhls OF -four and
Is roo bu q corn Stocks are az i04
bu OF wheat. 200 400 bu OF corn 50 $50
bu OF oats snd % 1858 bu OF rye
Primary wheat receipts were SCI 600
Thu. against $4,000 bu year ago
Exports OF wheat and -four Tuesday,
/ Tho worlds visible supply or whes,
/ 3. now 2"e $4,000 bu, against lso,157.-
I 900 bu a year ago.
TOLEDO GRAIN AND PRODUCE.
TOLEDO Feb. ls.-wheat Cash
!Lo,s. May '.og: July. ssre; Sep
MAY SAC: July. 80 isc, September. 5ehc.
oats Cash 75i4c May. SIC; July.
/ 56Tsc. September SEC. Rye: Cash. sac.
Mech SI2o:Is April. slfsTh Octo-
i Der. IS 40 Alsike: cash. sl3 35 March.
1 1888. Timothyseed Cash and Feb
ruary. s172ts March, ,l.75 Butter
.
/ CHICAGO GRAIN.
! CHICAGO, Feb. ls-Gralns opened
easier today, despite buillsh cables
\ from Liverpool. owing 70 the feeling
iof traders that the warm weather
would swell the winter wheat crop
The demand became brisker later In
the morning and prices rose. Wheat.
May and July were down &c at the
4 opening. but gained &c later. Open
( ing-Corn: May and July offerings
Were quiet. down = but IT, too, re-
covered sc. oats were duh. May
. ops ned firm. then declined &C; July
was up &c al the opening and held
IT'S ground. Provisions opened steady
ana grew stronger as trading Increased
CHICAGO. Feb SO ming
Wheat: May anu July down &c. Corn
May and July down &c. oats: May
unchanged; July UP isc. Provisions
Higher.
Noon Wheat: My unchanged: July
down to Corn; May down isc July
unchanged oats May and duly un-
changed
Close-.Wheat. May and July down
&c. Corn May down &c. July down
lac. Oats May down &c: July uu-
tsk tat