The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1914-12-05
MARKETS and FINANCE
GRAIN AND PROVISIONS


DETROIT. Dec. 6.-Close: Wheat
was quiet and steady on Saturday.
The tone was steady at the opening
owing 20 hrmness and higher prices In
Liverpool.
Foreign news contained lot OF
bullishness. According 10 cables. italy
Is trying 10 buy up the Argentine sur
plus. Very large purchases ara re-
ported by the Italian government and
ships have been chartered TO carry
great deal OF the grain. Liverpool re-
ported firm feeling In wheat and OF
fers light. There is more disposition
TO buy speculatively. spot parcels are
held 3Q4ied above Fridays prices;
American winters are In good demand
and Argentine offers are hrm interest,"
centers in the Argentine crop ana the
chance for early exports IRON Souu,,,
export hgures this week are too large.
Plate offers OF corn were small slNlhs
the Liverpool corn market hrm zone.
Argentine weather Is nne for wheat
and corn. Business Is restricted py
lack OF ships.
The home situation is beginning 10
notice a eonsesuon In the Dece,nos
option. IL has been gaising streng IN
recently I'm Chicago and wheat stocks
In that market are decreasing, Recent
sales have been made OF 100000 bu
for export all rail 10 the coast and
stocks are sure TO show heavy reduc-
tion. Sellers are going 90 have trouble
delivering the wheat recently bought
by the Armour people and some other
big dealers and shorts may find them
selves In corner
Farm selling IS said TO be on the de-
crease and. with moro ships arriving
crease largely during the remainder OF
Wheat was quiet and nrm all day
and closed with an advance OF hc.
A
a i%i nS; So 81. advanced " anu
Wheat quotations. Cash No, 2 red,
advanced to tl,i5h;. May opened at
Sl.?Sh and advanced TO ;1.24, No.
white, SHAY,
Coarse grain quotations Corn; cash ash
No. yellow, cars at 64Aci No. I
yellow. | car at 6Sci No. yellow l
car at 6ohc No, yellow. car at $50.
3 white. car at soc; No. white. i9c.
Rye: Cash No 2, s1.Oe bid.
Beans: Immediate and prompt ship
ment 1885; December. ss,4o; January,
Cloverseed: Prime spot ss.I5; De-
cember $3.50. March, s9.4o; sample red.
II bags al Ss.25, "a at $3.50; prime al
ss.25, ii at s7.Ts, at 81.
Timothy: Prime spot $2.70.
Receipts, in the Detroit market Sat-
S,zOu DDls. OF
cars or wheat 80 Of corn, OF oats and
7 OF rye Withdrawals were 1900 bbls.
OF -four, 5000 blu. OF wheat $1,000 bu.
OF corn, 1000 bu. OF oats and 5000 hu.
OF rye. Stocks are 4es,000 bu OF wheat,
l4l, 500 bu. or corn, 81, 500 bu OF oats,
$4,000 bu. OF barley and 3l,1oo bu. OF
rye.
Liverpool wheat closed nd and corn
a higher
Primary wheat receipts were 1,e73.
600 bu., against $4,000 bu. yeah ago.
Exports OF wheat and -four Satur-
day, s74,0 blu.
Frank 7: Caughey has returned from
q trip TO Colorado.
Minneapolis is shipping wheat TO
Receipts OF wheat Saturday South
west, $4,000 bu, against iia.6OO bu. a
year ago; Duluth, l5S cars. against 33s;
Minneapolis, SIS cars, against 264
Winnipeg. 2s4 cars. against $50; Chi
cago. LAB cars, against rs.
CHICAGO, Dec. 5.-wheat: Decem-
Der. UP tsc, May, up &c. Corn: De-
cember. UP sc; May up sc Oats:
December, up sc; May, up nc. Pro-
visions; Steady.
Close-Wheat: December e.
May. steady. Corn: December. down
lsc; May, down sc. Oats; December,
up &c; May down lac. Provisions:
Easier.