The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1914-08-29
GRAIN AND PROVISIONS

uAS<AA1N AMI NV AOAO2N0
DETROIT. Aug. 2s.--Close; Wheat
opened with break OF Sc on Friday
with nothing In the early news to ac-
count for IL: in fact. the war news was
Of a character that might have had the
opposite effect Dealers here believe
a movement Is under way. backed by
heavy Chicago dealers. with the object
OF checking the advance. Prices have
been going up at rate that WAS con-
sideI ed dangerous. The high prices
wheat from the county--larger than
could well be take ncare OF, One move
TO stop speculation was the advance
OF the margin asked to 15c per bu.
This shuts out practically all specula !.
tors. The previous advance to Ice had
already eliminated the small fry and
now Ii 10 almost Impossible TO specu-
late The immediate effect was an
abandonment or the long side and
dumping OF wheat that the market was
not In q position to take care of.
General conditions show no change.
wheat to friendly nations at certain
must get the bulk OF their supplies
from the United States The present
appearance OF the war Indicates high
prices as there IL nothing TO indicate
that II will be soon over. but the check
on speculation will render the market
Milling is very active and cash wheat
u In good demand. Wheat was weak
early and the decline was helped along
BY an absence OF fresh export buying.
prices ware s6sAc-iower than Thurs.
Corn and oat. declined NC and the
other coarse grains and seeds were
Wheat asosasions; Cash No, No; a red;
OF &c. at S1.11k,, declined to $1.1gx,
advanced to $Il1 and closed at
sinsa 10 p ssss Gpsneaa s to ana
SIash. declined 70 ,i.sS, advanced to
$l.2t and closed at $L2sh; No. I white,
Coarse grain quotations. Corn: Cash
Nc. :, s4S No. yellow, cars at ssc;
Oats: Standard. cars at soc: No. >
Rye: Cash No, q. csc.
ru s;aSs ss S rss%ps s ,sas Au
Cloyerseed: Prime spot, tIo.sb; octo-
Der and December, Sll.10; sample red.
ssf sss s saS y . s. s '' sas. at
Timothy: Prime spot. 1890.
Receipts OF fiour on Friday were a.
/ 900 ,bbls., against 1000 year ago.
Shipments were 1000 bbls.
Wheat receipts w, were ears against n
| 900 blu. Stocks are 2ss.s0o bu., against
1880 bu. q year ago.
Rscsipts Of coarse grains Were 1 ears
drawals were 5000 bu.l OF corn and 1s,-
900 bu. OF oats. Stocks are 10000 bu.
q corn. sto.soo blu. OF oats and 1oo6o
market were sic for No. Q red wheat:
7shs for No. > corn. and TING for
Hay inspection Friday. q cars.
A northwestern dealer wires that the
sna P.a INC oss a'. e 's sSs hrss
Ssi%ssy sasa. receipt. were l.4ss.ooo
s Wheat $685. SD n i.o y sna aeS
ksc:lp,s Of wheat Friday. Duluth.
sa ssr. "a sss,1 yssI ass sso wi MINI
pes: aoo car. Against ssi Chicago, log log
ssaSsf , Es:s s closed yea "a s%.
CHICAGO WHEAT.
CHICAGO. Aug. 2s.--wheat today
sancs = In q 9sanS or f sSs
board OF trade, but recovered q Ole
Of the loss early this afternoon. The
sslns s. inspired nI,ss BY the Ssl,sf tsss
country supply q wheat to the market.
CHICAGO, Aug. iS-opening -
Wheat: september down ih 0zhc;
Dscsmber down l csc; May down Y q
cemDsr down nc; May down NC.
Oats: September down &c; December
down Nc; May down xc. Provisions:
Ncon--whsat: September down fKc;
December down 2kc; May down Ixc.
Corn: September down fc; December
down sswS.rx SG, May down a.sx, ~ Oats s Sep.
May down re
closs--whsat: September down
LIZ; pScsnSsr down.s Ne: May dGyn
oomber steady May down &C. Oats:
esptsmbsr down Nc; December up Nc;
Nay up &c. Provisions: Lower.
whsst--
sspt... ! 0S 1 OF 8 1 % bl o4h