The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1913-07-15
GRAIN AND PROVISIONS

DETROIT. July l4.-Close' liow long
Will a market gu one way Wilh""l q"
reaction, The price has been on. ., lny
slump. for "a Ions time ana CONDITIONS
appear quite favorable for e coht!huA
tiou 81 the decline. uut bulls are loon
ing for reaction and shgure th"t T"
ought 20 Ice near.
Saturdavs break let prices down
low enough Go permit me worN'hb OF
some wheat for tApOrt late lu inc 9"A ,
Antwerp Eot 100000 nu Amsterdam
200. oOo nu and liverpool 4uo.Qoo u',
Jb->js shocked the decline and E1Ne
Nope to the Sulls that the worst Wa
over Tn, feeling is that prices VIZ
not decline over cent or Nv" more "ll
this slump. many believe the bottom
has already been reached ana expect
q moderate advance. At the same liihe
word comes from Chicago that h4uida-
ton is not finished selling ot long
wheat has hccu hoavy on The 49, de-
cline and the books OF commission
houses show much short wheat VITA
only few longs hanginE on. sen
timent Is very hearish among the
sp,culatfng people. and they have the
money 20 back up their belief In a
further decline
While Liverpool was lower, the de-
cline did not 10 as far as the Atnvil-
can break OF Saturday and Is not con-
sideTed beRrtsh Prices are sttll on an
export basis Liverpool weakness was
checked by bad weather IN RuSslh ana
moderate worlds exports The wealth
moderate temperatures over the north-
west Chicago cash men believe ~ DIX
broad export market mas betU tSldp-
lished for wheat carltec IN the season
than expected. but the market VIII de-
pend on the action OF winter Wneat
farmers In holding their wheat or
rushing II 10 market Last week tn'
selling was on "A liberal scale, but inc
frat rush OF wheat may be over anS
hedging sales are not expected 20 DC
quite SO heavy Bulls expect the IN
trinsic value OF the wheat 20 snow
itself on any further decline
The wheat market was firm on Mon
day and advanced Nc for the leading
Corn was unchanged and oats de- e.
clined " c. The other coarse grams
were dull and steady
Wheat quotations: Cash No. red.
car al sS1c, later ssc BID, July;
s7lsc, september opened AT Selgc ana
advanced 20 $50. December opened az
92Lc and advanced 10 93c. 80. ! white.
sSc Coarse grain quotations. Corn.
cash No 2. car az 81 l5c' No. g. ! car
closing bid No. yellow. sac bid oats:
Standard. cars at 42c; No, 3 white. !
car AT 4lc. No. white. soc asked RYE;
Cash No 3 sac Beans Immediate
and PROMPT shipment; sao5, Au 1eto.
Der prime. 1885; August alsike. So
October alsike, So sample alsike 10
bags at se.25. Timothy; Prime spot.
20 bags AT SZhV haIltN NJ y 4 N"'
at $40 per cwt
Receipts In the Detroit market Mon
day included 1000 bbls 81 -four. , cars
OF wheat. Of corn. 10 OF oats ana 81
rye Withdrawals were 1000 bbls or
flour and 2155 bu OF corn. Stocks are
l6O. 900 bu OF wheat. $1,000 bu or corn.
1870 bu Of oats and 1900 bu OF rye
Worlds wheat exports last week
were 10, $4,000 hu.
Liverpool wheat closed "a dd ana
corn u Il lower
Wheat stocks az Minneapolis de-
creased S55 600 bu IN two days.
Primary wheat receipts on Monday
1891, 600 bu.
southwestern wheat receipts were
100000 bu. compared with $4,000 on
a year ago
The Hart Grain Co bought the first
car OF new wheat on Monday. II came
from Indiana and graded No. . red.
Visible supply changes Wheat
$4,000 decrease. corn. 37S,oOo hu de-
crease. oats. $4,000 increase.
Exports OF wheat and flour Monday
S3l 900 bu