The Detroit times., 1913-04-07
MARKETS and FINANCE
GRAIN AND PROVISIONS


DETROIT. April close. Wheat
started the week with some OF the lett
over strength II last week The early
Liverpool market was firm and no In
dlcation was shown OF materlal
Weakening The opening here was
firm
Firmness in Buenos Ayros and
strength I'm America helped 10 hold the
Liverpool market Arm on Monday IN
the face Of very large worlds exports
and heavy increase ON passage. much
OF the wheat being headed FOR Ens!lsh
ports France and Russia had strong
markets and unfayorable weather
ShoIts IN IArls were covering TerlS
on light offerings and reduced stocks
Argentina holders We're nrm anu re
poted an urgent export demand.
After week OF strength. decli'
would be no surprise 10 the trade. but
dealers are shy about getting on the
short side OF the market while the Eu-
ropean and south American markets
are So nrm. The short interest has
been materially reduced and bearish
dealers are looking for hard spots on
which To sell. The bears are surprised
AT the continuation OF strength abroad
and are inclined To blame II on the
balkan situation. which was sufficient
~ complicated on Monday 10 cause a
weakness in consols.
government report IL due Tuesday
and this may have been the reason for
"A rather dull market The figures are
expected 10 he hearish for the crop is
known 10 be in fine condition over
nearly the entire winter wheat belt.
eastern markets reported some foreign
buying and bulls feel that the bearish-
ness OF the government report has been
discounted.
The market had very strong day.
The big visible supply decrease turned
many 10 the buying side. old wheat
advanced u a isc. and the growing
crop gained &c.
adv l.. -.
cloverseed soc and alslke zoe oats
We're firm.
Wheat quotations: Cash No red.
SLIP, May opened with an advance OF
&c at $l.ll. touched sl.llA declined
To S.ll and closed at SlI2; July OPEN
ed at 9+&c, declined TO s4c and closed
at sihc; September opened at s+c. de-
clined to 99%c' and closed at s4c: No.
tions Corn. cash No. 3, Sane: No 8
yellow, 3 cars at IS We. No. 4 yellow
5tc. Oats. Standard. | car at am {:
No white, car AT 36tsc; No. 4white.
Immediate and prompt shipment, sos:
May. 81 Cloverseed: Prime spot 80
bags at sl2.7i. so at sl3: sample i
bags at SO, prime spot, ,l2.75; sample
Prime spot, 90 bags at $40
Receipts In the Detroit market Mon
day included 1000 bbls OF -four. cars
OF corn and OF oats. Withdrawals
ga 500 bu Of wheat. 1875 500 bu OF corn,
rs 1870 bu OF oats and 1873 bu OF rye.
Receipts Of wheat Monday: st Louis,
1000 bu. against 10000 bu a year ago:
luth. 80 cars. against IS, Winnipeg. +o4
cars. against 7T3 Chicago. 90 cars.
against 81; southwest. $4,000 bu
against $4,000 bu.
were l5,4Ss00O bu, against 1880. 600
hu for the same week before and 49,
sssooo bu year ago
Wheat on passage increased e.t2t-
GOO hi last week.
Liverpool wheat closed I'D lower 10
Nd higher and corn I'D higher.
Exports Of wheat Monday. $4,000
hi
bu, against AL. 900 bu year ago
Minneapolis wheat stocks increased
30 600 bu for two days
Last weeks visible supply decreases
Wheat 2225.o00 bu, corn. l.76s.00o bu:
oats. $4,000 hu
TOLEDO GRAIN AND PRODUCE.
! TOLEDO. April Wheat. Cash and
May, N.ls., July, 9+.c; September.
es.c. Corn: Cash. So. c. May. 81 c;
July 5shc; september. 5sIac. Oats:
cash s': :s, May n sso JnIy $40 49, Sep Sep
verseed Cash. 1920; April. I3: Oc-
toher, $50 December s7.s5. Alsike
Cash s12.50. Timothy: Cash. April
/ aid October. N.IO. Butter, eggs anC
/ hay: Unchanged
| CHICAGO GRAIN.
| CHICAGO April Firm Liverpool
cables continued the advance Of wheat
today. May was up &C over last weeks
close and ranged 10 iLc in the early
trading. with commission houses doing
considerable buying. July was steady
\ and gained nc. Corn opened strong
| and higher and made a sharp advance
Light receipts and heavy buying forced
obth months up from u q NC over las,
weeks close. oats followed corn. OPP
tions advancing from "a NC. Provis-
! ions were very weak with general IT,
quotation May pork led in the de-
cline.
CHICAGO. April 7.--Opening-Whea
May up re; July steady Corn May
up Nc; July up &c oats May and
July unchanged Provisions: Easier.
Noon--Wheat May up isc. July
down nc. Corn: May UP &c; July
up &C Oats May up sc: July UP
sc Provisions: Weaker
Close--Wheat May UP &c; July up
&c Corn: May up &c; July UP NC.
Oats: May UP &c; July UP nc Pro-
visions: Steady. shading lower.