The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1913-01-17
GRAIN AND PROVISIONS


DETROIT. Jan. l7.-Close: Wheat
had a quiet and steady time during
the early trading on Friday. General
feeling favored little more decline
and there was not much strength In
cables.
Liverpool had some early realizing
owing TO the weakness on this side on
Thursday and a forecast OF larger
worlds wheat exports for the week,
but both Buenos Ayres and Rosario
were firm and Argentine exports con-
tlnued light, which caused a return OF
support. English buyers were taking
wheat for milling. Good grades for
March milling are scarce and car
goes were In good demand.
Feeling among commission houses
favored a further setback because OF a
let-up in milling demand and the fact
that the short interest has been pretty
well driven in. weakening the techni-
cal position OF the deal Recent heavy
covering OF shorts had much TO do
with the advance The recent advance
was-a pretty fast movement and a
reaction OF some kind Is the natural
result General conditions are not
changed much. II lighting il finished
in Europe IL will remove one cause
or strength. but there IL sttll great
need Of good wheat in many parts OF
Europe and buying in this country 10
expected TO continue. strength In
South America Is encouraging to the
bulls as IL has been usual for democrat
| 10 follow the HTbl appear 4nCo
OF Argentine wheat In Europe.
The northwest Is doing an active
milling trade and much wheat Is going
into home consumption. At the same
time exports are almost as large as
primary receipts, indicating little or
no increase in the visible supply.
| Wheat ruled quiet am easy on FRI
day. closing aS>a loss OF nc.
Coarse grains were steady and AL
slke seed gained lbc.
| Wheat quotations. Cash No red.
S1.l5h. May opened without change at
3l.2oA and declined 10 t1.lS%: July
opened At ssI.c and declined TO s7%c;
No l white. Sl.l4I4. Coarse grain quo
tations Corn. cash No. 2. 5oxc: No ,
yellow. 2 cars at 81 &c, closing asked
4 No. yellow. ! car at 49%c, / at soc.
Oats: Standard. 36hc; No. white
! 35lac; No. ! white, 3il1c. Rye: Cash
and January shipment, ;21s; Febru-
| airy. s2l0 Cloverseed: Prime spot
Sl': sample. 10 bags at S10.75, at $40
at So; prime alsike. 31316; sample
sl0.75.
Receipts OF wheat Friday: Chicago
liz cara, against year ago: Mime
apolis. ass cars, against 3os; Duluth
cars. against 2S2 St Louis. 1O2. 900 bu
, against $4,000 bu. Kansas City, 50 cars
/ against 35 Omaha, So cars, against IL
I Liverpool wheat and corn closed un-
i CudukeQ TO a. lower.
! Receipts in the Detroit market Fri
| FAY included 500 bbls OF -four 20 car,
| OF corn and OF oats. Withdra walls
! were 1000 bbls Of -four and $4,000 bu
! OF corn. stocks are 7e36S9 blu OF
wheat l46,l54 bu OF corn, 67.420 bu OF
oats. 2s.916 bu OF barley and 4s.t60 bu
Of v rye, !, :. v,5.,, :, ,or,. ~. ,oo ~,
bu exclusive OF North America.
| Minneapolis wheat stocks increased
$4,000 bu for the week.
| The Argentine visible supply OF
wheat Is 2.b76.000 bu.
Wheat exports this week: Argentina
1 $50, 600 bu; Australia, l.S2s,ooo bu; In
dia, $4,000 blu.
Exports OF wheat for the week, g..
$4,000 bu: exports on Friday. 472.OOC
blu.
Estimated worlds exports Of wheat
this week, II. 100000 bu.
Polmary wheat receipts were g7O,OOS
bu. against 100000 blu week age
and 4s6 900 bu a year ago.
CHICAGO GRAIN-OpeninE.
CHICAGO, Jan. I7.--Wheat: May and
July up &c corn: May unchanged
July down &c Oats: May and July up
nc Provisions: Unchanged.
Noon-Wheat: May and July down
Ac Corn: May and July down nc.
oats: May and July down &C.
Close-Wheat: May down &c: July
down &C Corn: May down &c: July
down 10. oats: May down NC; July
down nc. Provisions: Higher.