The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1913-03-07
GRAIN AND PROVISIONS.

DETROIT. March Close: Shorts
on Thursday made up their minds In a
hurry to get out when they found that
foreigners were in the market for chi
cage wheat. This accounted for the
burst Of strength. Fridays market had
a quiet opening.
An enquiry into the many export re-
ports OF Thursday brought out the fact
that nothing had been sold excepting
one Chicago lot and some Canadian.
This leads 10 a belief that there was
some special condition making the Chi
cago sale possible for the American
mai ket Is not on an export basis. Early
In the session shorts were still buying.
Offerings were limited. but the belief
was that bulls would have 10 take a
great. deal of wheat before an advance
could be established. Bears think the
not been large enough 10 form the
basis OF an important upward move
ment
Liverpool was frmed up by Thurs
days strength here and hrm tone In
Argentina. Canadian Offers were few
and higher and the bulk OF the weeks
exports are destined TO continental
ports. The weakening features We're
the heavy Argentine exports, estimates
of large exports for the week with an
increase on passage. together with a
fine crop promise In India and a Quiet-
err English demand
Trading here dropped TO small pro-
portions and the general outlook con-
tinues 10 favor an easy market. Millers
are not using much wheat and the
movement from farms IL quite large.
Experts In the northwest agree that
farmers have large holdings and the
crop promise IL very fattering.
Wheat closed At a decline OF u az
ter very quiet session. Corn and
oats advanced Il Cloverseed advanced
SC
Wheat ouutatinrs. caah No . red
Slo6h May opened without change at
310s. advanced To S1.0SL. and declined
to Sl.0Ia. July opened at 94Ac. gained
&c, and declined TO sac; September
No. white. sl.o5A Coarse grain quo
tations: Corn. cash No. 3. 50%c: No.
yellow. cars at 81 Nc: No. vel.
low. 5oLc. oats; standard. ssc: No; 3
/ at 3sc Rye. Cash No. 2. &c. Beans:
Immediate and prompt shipments. s1.95
May, sos. Cloverseed: Prime spot.
100 bags at sll.2o: sample. 10 bags at
sample aisike, IL bags at s1l. Timothy
seei Prime spot. 40 bags at 1856.
Receipts in the Detroit market Fri
day included 1000 bills OF Hour cars
were 1000 bbls OF -four. $4,000 bu OF
corn and $500 bu OF rye. stocks are
4o5 l52 bu OF wheat. 227.sos bu OF corn.
ss. $40 bu OF oats and u lb5 blu OF rye.
Receipts Of wheat Friday; ~. Louis.
a. 600 bu. against 1000 hu year ago:
40s cars. against ISL bI1.
iuth. so cars, against 8; Winnipeg, $40
cars against 44s: Chicago. +6 cars.
against 40 Kansas City. % cars.
against ~: Omaha cars against IA.
Proomhali estimates worlds wheat
exports for the~week at s,sne.o00 hu.
exclusive OF North America. He thinks
there will he an increase on passage.
liverpool wheaf closed "a asd and
corn lkThd higher.
Evports Of wheat and -four Friday
ss5 600 bu
bu against 3s5 600 bu year ago
stocks ~ Minneapolis and Duluth In
creased LOSE 600 bu this week
Argentine wheat exports this week
3. 27e.O bu.
Argentine wheat visible supply. L.
geo 000 bu. week ago. s,09e,0O0 bu;
year ago. 5.22I,0oo tu.
CHICAGO GRAIN.
CHICAGO March Wheat opened
"A bout steady and there was no cnlnse
in the first half hour OF trading. Corn
Was flrm al the oycning. shading high
~ In the early trading Trading In
oats was featureisss and there was no
change. Provisions were steady. with
the trend continuing upward
CHICAGO March 1-OpeninR -
Wheat: May and July unchanged. Corn:
May and July unchanged oats: May
and July unchanged Provisions:
slightly higher.
Noon--wheat; May and July un-
changed. Corn. May up &c; July M
&c. oats May and July unchanged
ehsngsd- Corn: MAJ up &c. July