The Detroit times., 1913-05-10
GRAIN AND PROVISIONS

ing Influence in wheat just now is the
big winter wheat promise, Exports
had been telling about IL for weeks
and on Thursday IL was confirmed by
the government report, which show ed
about IL fine crop promise as pos
sible.
Many dealers consider that the con-
dition OF the wheat crop had already
been discounted by the decline Of five
cents. and this appeared 10 be the case
during the early trading on Friday.
for prices made small recovery and
the market appeared frm notwith-
standing an easy tone in Liverpool
The government report shows condi.
ton a little higher than expected and
the loss OF ], As.00o acres was larger
than the trade had been expecting, al
yield as now indicated IL the second
largest in history. Twelve winter
wheat states show 1877. 100000 blu more
than last year. There - still plenty
OF chance for loss between now and
harvest end II Ia on this chance that
the bullS are counting They figure
the big crop already discounted, 20
that any damage now reported Will be
decidedly favorable to an advance.
Bulls think the sentiment now is too
unanimous on the bear side.
Liverpool reported a firm tone In the
far OF deliveries The situation abroad
Is governed by supply and demand.
with stocks light in all directions. The
the greater part OF the day and closed
at an advance Of &c in cash and = C
In the new crop futures.
Coarse grains and seeds we're steady.
Wheat quotations: Cash No. red.
$1.osh; May opened without change at
$l.06A. advanced to $107 and declined
to S1.oSh; July opened at Ole and ad-
vanced to 9lhc and closed at SIN c;
vanosd TO s6Ec: No. white. si.O6.
Coarse grain quotations Corn. cash
No. 3. 6Sc: No. 3 yellow. 6sc; No. 4 yell
low. ssc. Oats: Standard. sshc; No.
Cash No. >, s4hc Beans: Immediate.
prompt and May shipments: s2o5. Glow
erseed: Prime spot and alsike. $l325.
Timothyseed: Prime spot N.76.
Receipts in the Detroit market Fri.
day included 1000 bbls OF -four and Z
cars OF oats. Withdrawals were 1000
bills Of hour. 1000 bu Of wheat and
1000 bu Of corn. stocks are 3S6.100 Blu
OF wheat. 80. 200 bu OF corn. 1880 blu
OF oats and 1880 bu Of rye.
Receipts OF wheat Friday: Minneap-
oils. III cars. against 10 a year ago;
Duluth. ~ cars. against 81 Winnlpes.
223 cars, against 257. southwest 19o.-
900 bu, against $4,000 bu.
Worlds exports OF wheat for the
week are estimated at II 800 900 bu
Exports OF wheat and -four Friday.
$1,000 bu; for the week. $4,000 bu.
Liverpool wheat closed u u IA and
Minneapolis stocks Of wheat de-
creased $4,000 bu for the week.
Primary wheat receipts were GIL 600
bu. against 100000 bu year ago.
TOLEDO WHEAT AND PRODUCE.
TOLEDO. May 9.--Wheat: Cash and
MAY. N.07ia; July. s0t<c: September,
s0tsc Corn Cash, 5fnc G: May. SIC.
July, 5T7sc; September. 5sa.c Oats;
Cash and May. ash. c: July, size Sep
TENDER; $3.50; Rye: Cash. csc. Clo-
Timothy. Cash. = 80: September. So.
Butter, eggs ard hay: Unchanged.
CHICAGO WHEAT AND PRODUCES.
CHICAGO. May s.--The locsl trade
did not consider the government crop
report issued late yesterday, cause FOR
further drop In the wheat market, and
wheat was finn ana higher today. At
the close OF the first half hour eacn
month was up va he over yesterday
close. Trade was light.
Corn started slow and steady and de-
yeloped frmness. The early advance
was &c for each month.
oats opened firm and picked mp lie
Provisions were firm and shaded
higher on higher hog prices.
CHICAGO GRAIN.
CHICAGO May a.--Opening--W Wheat:
MAY and July up isc. Corn May and
July unchanged. Provisions STEADY.
Noon--W heat May up Lei July up
Lc Corn. May up sc, July up i.c
oats May and July up NC
CIose--N neat. May up "a; July up
&C Corn May up &c. July UP y g.
oats May up SC: July up &c. Pro-
visions Easier.