The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1913-05-12
GRAIN AND PROVISIONS

DETROIT. May l0.-Close: No Liv-
erpool markets until next Tuesday.
This gave wheat a steady aud dull
tone on Saturday Trading was higher
all day.
over some of the winter wheat helds.
but this caussd no alarm. The crop
IL making fast enough progress and
will not suffer IL held back little.
crop 10 days ahead of last Years. and
looking we'll. and the same forward
condition II noted in other states.
Dealers who were bulls. but who
have quit buying because OF the hne
sales. They consider the market 70 be
on = healthy basis. Some liberal de-
liveriss Of cash wheat are being made
by Armour on May sales aud II Is
next week Bulls think the market ID
oversold and figure that IL will require
heavy short selling TO keep prices
DOWN. The bulls are quick 10 take
bears get out short lines at the same
time. The outlook 10 considered bear
ish. but not sensationally so and II
will require some new Developments
to cause . sharp movement OF prices In
Although Liverpool was closed. the
tone OF other European markets was
rather bulllsh. Wheat L. going out vi
sight rapidly In European centers and
much foreign wheat Is needed. Buenos
Ayres rules strong and reports active
continental demand for cargoes.
Wheat closed At an advance OF i.c
after q very quiet market.
Oats advanced he and the other
deals were unchanged.
Wheat quotations: Cash No. red
e1.07; May opened without change a,
tl.0ek, touched $l.o6L and advanced
| % Id M l.. H.
vAnced TO slAc. September opened al
So+c and advanced 10 Ing, No.
white el.06. Coarse grain quotations
Germ. cash No, . sse No. No 3 y s,.o%.
ard. soc; No. s white, cars at S7iic
closing ut $50: No, white. car al
sec. at 36sc. closing at SIC. Rye:
Cash No. 2: s4Mc. Beans: immediste
srseed:. Prime spot and aIsike $l52s
fimothyseed: Prime spot. s1.T5
Receipts In the Detroit market Sat
urday included 500 bbis OF -four. ! car
were 500 bills OF -four. 100 bu OF
wheat. $500 Blu OF oats and 100 bu OF
rye. Stocks are 2s5.000 Blu OF wheat
$1,000 bu Of corn. $3.50 bu OF oats
and 1880 bu OF rye.
Receipts OF wheat saturday: Mime
apolis. l29 cars. against lo4 n year
ago: Duluth. los cars, against .; VIM
nipeg. 2ss cars. against ll3; Chicago
I'd cars against 70. SOUTHWEST, Aso,vVe
blu. against 1900 blu.
Wheat stocks in Minneapolis de-
creased $4,000 bu in one day. At st
Louis wheat stocks decreased 11S.00e
bu in five days.
Experts OF wheat and -four Saturday
$4,000 blu.
Primary wheat receipts were 5y6,00(
bu. against $4,000 pu year ago.
CHICAGO GRAIN.
CHICAGO, May 13.-Openfng-Whea
May up Nc July up Ne. Corn: Ma,
UP NC: July up NC Oats May up nc
July up &C. Provisions: Easier.
CHICAGO WHEAT AND PRODUCE
CHICAGO, May 10.--wheat started
| Arm today on firm foreign markets
There was some selling pressure or
May. but prices held at yesterday
closing and July, after opening up lee
| ranged 20 ssAc in the early trading.
Corn was firm in light trading and
ranged fractional advances after tn,
| start. May had gained asc in the earl,
I trading at the close OF the first hall
hour.
| Oats started strong and rose AZ dur
| ing the nrst half hours trading. Prices
were higher and moved upwards.