The Detroit times., 1913-03-04
GRAIN AND PROVISIONS.

DETROIT. March CLOSE: Mon
days wheat market was depressed by
estimates OF great deal OF wheat In
farmers hands This great total. with
the big visible supply. constitute stocks
much heavier than usual for this time
OF year.
question now before the trade 10
whether or not the big stock has been
discounted In the decline. Bears have
Deem ousy getting values down and
some OF the bulls believe the decline
viii be overdone, resulting in O sharp
upturn when an attempt Is made to
get the short wheat back. Liverpool
had some favorable crop news DAM
has had plenty OF rain; in fact one ca
bic says there is too much rain In some
Inrts, resulting I'm damage SHOWS
igures on farm reserves helped depress
Liverpool
The foreign situation was rendered a
little more bearish by an increase OF
3.S 80, 0e0 bu. in the European visible
supply, making the total now $4,000
900 bu. The northwestern states are
believed TO have 1900. 900 bu. OF spring
wheat on the farms, Notwithstanding
the heavy marketing done since har-
vest. Southwestern news IS bearish
The new crop looks so well that farm
ers are preparing to market their re-
serves which VIII Increase the already
heavy movement Milling demand Is
: quite unimportant as support TO the
/
The general feeling IL gearish, but
7 danger 10 the bears is seen in the very
[larse short interest In the general
strength even bulls admit that prices
appear like going several points lower
before there IS likely to be I. change.
! Crop scarss may still come. but none
are IN sight just now.
Wheat had very weak day OF ~.
closing at loss OF Ic In cash and
July, lh.c in May. and &c in septem.
Der. SHOWS report about the good
winter wheat outlook was the leadin q
fe3ture OF weaku-ss
I Corn was steady and oats were easy.
| cloverseed declined he.
Wheat quotations: Cash No red.
s1.O7lz May opened without change a;
sl.O9r and declined % s1.0sk; July
opened at s5lac and deSined to "a hct
September opened at &c and declin ed
10 s3iac. No. l white, sl.06h.
Coarse grain quotations. Corn-Casl
No g. 5Oc; No. 3 yellow, cars at sic
No yellow. cars at 4slzc. Oats
, Stanard. 34a. &C asked; No. white.
car AZ 33Nc closing asked, No. white
,32lsc Rye-Cash No g 62c. Beans
Immediate and prompt shipment, S.95
May. s205. Cioverseed-Prime spot
100 bags at s1l.25, sample, IL bags a
SO, /. AZ 50; prime alsike. sl2 Is sam
pie alsike. bags at $40. Timothy
seed-Prime spot. 40 bags at Sl,65.
Receipts in the Detroit market Tues
day included 900 bbls OF -four, car
OF wheat OF corn. or oats and l o
rye Withdrawals were 1000 bills o
-four ZOO bu OF corn and 5000 bu o
rye stocks are 4s6,9O4 bu OF wheat
237. 209 bu OF corn. $3.50 bu Of oati
1885 bu OF rye.
Liverpool wheat closed 4. q Il a lowe
and corn sd lower 10 I'D higher
Receipt Of wheat Tuesday: ~. Louis
$4,000 bu. against $1,000 bu; kansa
City. IS cars. against IL; Omaha. 2
cars against s. Minneapolis. 3Ss cars
against 1853, Duluth. l+5 cars. agains
Chicago. 81 care. against ~.
Minneapolis wheat stocks increased
so 400 bu for three Gays
The Argentine wheat surplus Is es
timated at 20, 600, 900 bu by Broomh all
Exports OF wheat and nour Tuesday
Worlds wheat stocks are 2os. 4ss o.
bu, against 1s3.l53.0OO bu year ago
Primary wheat receipts $4,000 bu
| against 345,0 900 bu year ago.
The Canadian wheat visible supply
is 1000 tu; against N,ssl.ooo ou
week ago ~ 2S.bSs.ooo bu year ago
TOLEDO GRAIN AND PROVISIONS.
TOLEDO, O., March Wheat: Cash
sloTl. May, sl.osh July. Csc: Sept.
s2b.c Corn: Cash. sic. May. 5s&c
July. $3.50, Sept. $3.50. oats; Cash
34Ec; May. ssl.e; July. ssc sept.
Cash and March. sii.2o: April. tii.io
Oct. ss.32ls. Alsike: Cash and March
Sass Timothy. Cash and March
ei.62la: April. f.6 y Butter. ess'
and hay: Unchanged.
HN.- CHICAGO GRAIN.
CHICAGO. March 1.-The wheat mar
ket started steady. bulllsh reports
from Liverpool regarding damaging
rains I'm India. chec king the decline OF
Yesterday Offerings were again heavy
this morning. however and the market
easod on Maynard July dropping isc
Corn started fatr- with prices littls
lower fhc weakness ia wheat provlng
a fartor Offerings were fair. There
was not much change Ia oats, with Ut
tie commission mouse buying. The pro-
vision market Was easier Dnering
wcrg quite liberal due TO the weak hog
market. ~
-.t,.r,lr,g-pAaat.L Aiav-aiid- Iul y-Enz
changed corn. NAV unchanged. jug
down &c. oats. May and July un-
changed Provisions Lower.
Noon-Whcat: MAY down SC; July
down &c. Corn: May down nc; July
down Sc. oats. May down i.c; July
down &c.
-CIosing-w wheat; May down &c. July
down nc. Cora: MAJ down isS; July