The Detroit times., 1914-12-21
\ MARKETS and FINANCE
GRAIN AND PROVISIONS


DETROIT. Dec. 2I--Close---wheat
opened without change on Monday, out
was strong later. There was disap-
pointment owing TO the failure or LiN-
erpool 10 take notice OF the American
strength OF last week.
out OF a total OF wheat exports Tor
the world last week, amounting 10 To-
l2s,OO0 bushels. North America inr
nished 1865, 0O0 bushels. or little
more than 100000 bushels for each
business day. This shows TO what an
extent Europe depends on America Just
now for food The weeks American
exports are unusually heavy and still
there Is complaint that foreigners can
not get ships enough 10 take the wheat
away as fast as they would like. Ihey
have bought so heavily In this country
OF late that they are believed 10 con-
troll the entire American visible sup
ply Many close observers think there
would be panic in the American mar
kets III the foreigners were aDle to
take away their purchases, as IL wouiu
show sales OF unprecedented magnl-
tude. They have been buying every
Pday for months and have been able 10
take away only fraction or their
property. Wheat on passages is now
very large at 40.3l2 bushels.
Eyerything now depends on. the
farmers should they sell freely al
the advance the bulls may become dis,
couraged but II receipts remain small
there Is little chance for decline.
Mondays receipts at primary points
were larger than those OF week ana
a year ago, and do not show any tall.
ing on. Southwestern winter wheat
receipts are very heavy and the Min
neapolis movement continues large
The tone In the American markets Is
very builish. and ~ Is dlniGui, , 10
.prices. Export demand is active In the
Detroit market.
Wheat was strong all day and closed
with an advance OF gao In cash an"
Corn and oats advanced re. Rye.
beans and cIoverseed were steady
Alsike seed advanced DC and timothy
Wheat quotations: Cash No. 2 red
$l24h. December opened without
shasq eng NAY opsned ana at ,iss ssd ad
vanced 10 sl.2sh No. l white. Sl2h
Coarse grain quotations: Corn. cash
SO 2 s7He; No Yellow yellow s7 ears al
oats--standard. ! car at s2ei No
white. Size. No. white. bo95ohc-
Rye-Cash No, 2. Sl.Os.
ceR nfs&S sni Pi%sH' ss55. January. sass.
cioverseed-Prime spot. ,s4S: March,
ss1S "a sample red lS sp,@ Dsss al 81 ,s25
sample alsike. "a bags at $3.50. 10 al
IS. 90 at $3.50. at 81
Timothy-Prime spot, $S.lV.
Receipts in the Detroit market Mon
day were 5000 barrels OF -four. IL cars
OF wheat, 20 OF corn. IL or oats, II OF
rye and i OF hay. WithdraWas We,e
1900 barrels % hour, $4,000 bushels
OF corn and 1900 bushels OF oats.
Stocks are 463.3OO bushels OF wheat,
144, 600 bushels OF corn. $1,000 bushels
OF oats. $4,000 bushels OF barley ana
$4,000 bushels OF rye.
Wheat on passage amounts 10 ~
81 1000 bushels against 36,lyz,0Vo
bushels a week ago and 1851 bushels
q year ago.
Worlds wheat exports last week
were l3l29.000 bushels, against s.5lz.-
900 bushels a week before and lS'oZt
bushels a year ago.
Primary wheat receipts were 2loV,-
900 bushels, against l,els.oOO bushels
q year ago.
Receipts OF wheat Monday-Duluth.
SO cars against 1873 year ago MIN
neapolis. 544 cars, against $40; Winnls
peg ia cars, against 1875; Chicago. zOS
cars. against 80; southwest. T3s,oOo
bushels against $4,000 bushels
The American visible supply OF
wheat decreased l.l34,o00 bushels last
week. Corn increased 100000 bushels
and oats decreased $4,000 bushels.
The American wheat visible supply
now Is T5,lO6.000 bushels, againstt co.
s6y, 600 bushels yeaF-a CO.
The Canadian wheat visible supply
1851, zoe bushels last week
Exports OF wheat and hour Monday
100000 bushels