The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1913-02-06
GRAIN AND PROVISIONS

DETROIT. Feb. Close. Wheat was
STEADY al the opening on Thursday be-
cause OF highcr Liverpool prices. the
latter market declined on "Wednesday
because Of rain IN INDIA and nrmed ny
again en- Thursday because the mols-
ture had been Insufficient
The rain in india Was confined 10 the
PunJauo and was light Since then the
weather has cleared and the outlook Is
about as bad as ever Buenos Ayres
reported nrm wheat market win
hisher export bids for distant ship
ment Liverpool had bulIish news from
Russia also. Weather Is very cold ana
the winter wheat is not well protected.
OHers OF Russian ana Danubian wheat
are lignt The most bearish feature is
the estimate OF heavy exports for the
week from Argentina
Chicago showed a disposition TO rally
promptly from the recent depres on
and large number OF traders in that
market are fayOra bic to an advance.
May wheat becomes quickly cOngcsted
on every dip aud the long end OF the
option is believed 10 be ia very strong
hands. The coming Of the crop scare
period helps 10 hold short sellers In
check, making the long Side the more
popular At present Dealers can see
ON! scalping market for the present.
Btsrs ngure that Argentina VIII
pr, mptly hll the continental demand.
leaving America with full elevators
but they are afraid to sell freely In
the meantime farmers are not selling
well sustained
Wheat was dun and steady early.
later gaining strength. Cash closed a
an advance Of ttc, May a.e July IL and
september ! NC.
oats advanced Iac and the other
coarse grains and seeds were unchang-
ed
Wheat Quotations Cash No. red
H.12il May opened without change
at Si15h. and advanced TO s1.16; july
opened at 50 u and advanced TO "a ., c;
September opened AT a3l4c and adj
varced TO s4ac, No. I white. Sl11ie.
Coarse grain quotations: Corn. cash
No. 2. sic; No 3 yellow. see: No. 4 yell
low 5Ol.c. Oats. standard SO ne; No.
? white. 80 &c bid; No. white. ] car
st SAC. closing az 34l9c. Rye: Cash No.
2 63c. Beans: Immediate. prompt and
February shipment s2t0; May. SEQ
bid. Cloverseed. Prime spot tl2 40.
sample. is bags At sll 10 at s975;
prime alsike. sl3 30: sample alsike. l.
spot. 90 la r. at $3.50.
Receipts IN the Detroit market Thurs
dav Included 1000 bbls OF -four and
cars OF oats Withdrawals were . .000
hbls Of -four and 10000 bu % corn.
Stocks are 5O4 1915 bu Of wheat. 207 500
bu Of corn $4,000 hu or oats and 42.2bo
bu OF rye.
Receipts 81 wheat Thursday: Chicago
40 cars. against 10 a year ago: Mime
apclls, ESQ cars, against lss: Duluth. 81
cars against %: Winnipeg 2i7 cars
against 443; St Louis. loo, 900 bu
against "a. 600 bu: Kansas City. 80 cars
AGAINST 60
Estimated exports from Argentine
this week. 200. 900 bu Of wheat
Wheat stocks in Minneapolis In
creased 27b00c bu In i've days
Liverpool wheat closed i4d higher
and corn IA higher 10 al lower
Experts OF wheat and hour Thursday
400 900 bu.
Primary wheat receipts were 72s coo
bu. against $4,000 bu 4 year ago
CHICAGO GRAIN.
CHICAGO. Feb. 6--f.ittle change I'm
grain prices was recorded here today
with trading unusually light. May and
July wheat remained unchanged, de-
spite bullish Liverpool cables Corn
developed little activity May was
firm but heavy offerings OF July pro-
duct brought IL down hc. oats ranged
from kc lower to unchanged with
shorts varying moderately. Provisions
were much easier than yesterday with
good offerings.
CHICAGO, Feb. 6-Opening-whe
Nav unchanged; July M &c Corn
Nav unchanged July down &c. oats.
Nav and July unchanged. Provisions;
Generally lower
Close-Wheat: May up &C; July up
&c Corn: May up sc; July up &c
Oats May and July up &C. Provisions;