The Detroit times., 1914-12-22
MARKETS and FINANCE
GRAIN AND PROVISIONS

DETROIT. Dee. 2i.--Close-W neat
opened without change Oh Monday. bat
was strong later. rnere Was iisap-
pointment owing 10 the failure OF Live
erpool 10 take notice OF the American
strength or last week.
Out OF total OF wheat exports Tor
the world last week, amounting 10 l",-
10000 bushels, North America tuIv
nished IL. 465. 900 bushels, or a little
more than 100000 bushels for each
business day. This shows 20 what an
extent Europe depends on America just
now for food. The weeks American
exports are unusually heavy anu stlli
there Is complaint that foreigners can
not get ships enough 10 take the wheat
away as fast as they would like. They
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 DO a panic ia the American maj :
kets III the foreigners We're able to
! take away their purchases as II wouis
! show sales OF unprecedented mas nj
tude. They have been buying every
day for months and have been able 70
take away only fraction OF thelr
property. Wheat on passages Is now
very large at 4O3l2 bushels,
Everything now depends on the
farmers. should they sell freely AZ
the advance the bulls may become dis .
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 SouthwesterE winter wheat
receipts are very heavy ana the Mil
neapolis movement continues large
The tone in the American markets Is
very bullish. and il Is difficult 10 Sc
cure wheat, excepting AT extreme
lprLces Export demand is active In the
Wheat was strong all day and closed
with an advance OF 2lsc in cash ana
1 nc In May.
beans and cloverseed Were STEADY
Aisike seed advanced Sc and timothy
l0c.
Wheat quotations: Cash No. 2 red
change az ,I.a2 and advanced g
N.2iT May opened at sl.2s and ad-
vanced 10 sl.2sh No. ! white, N.l2 y
Coarse grain quotations: Corn, cash
csc. ! at IS Nc: No. yellow, sag:
Oats--Standard, i car at o2e NO
white. blhc; No, white, 5o1sO1sc.
Rye-Cash No. 2. Sl.0s.
Beans-Immediate, prompt and De-
cember shipment, SASS; January s2oS'
cioverseed-Prime spot. ss.45. March,
~ 10; sample red, loo bags at IS 70; -
at ss25; II at IS; prime alsike. ss4o
sample alsike. "a bags at $3.50. 10 at
IS. 20 at $3.50. at 81.
Timothy--Prime spot, $40.
Receipts In the Detroit market Mon
day were 5000 barrels OF nour, IL cars
OF wheat % OF corn. Il or oats. II OF
rye and / OF hay Withdrawals were
1000 barrels oi -four, $4,000 bushels
OF corn and 1900 bushels OF oats.
Stocks are 463.30O bushels OF wheat,
l446OO bushels OF corn, $1,000 bushels
OF oats, $4,000 bushels OF barley ana
$4,000 bushels OF rye.
Wheat on passage amounts 10 sv'-
$4,000 bushels against So,lsz, ovV
bushels a week ago and 2s,Ssl ousheis
year ago
Worlds wheat exports last week
were I3.l2g.00O bushels, against s,9l2..
600 bushels a week before and lS,vZt
bushels IA year ago.
Primary wheat receipts were 2.lbV.-
600 bushels. against l,6l3,O0O ousheis
a year ago. s
. Receipts of ~ heat hondaY-PHititf'-
SO cars. against 1873 a year ago; Min
neapolis 544 cars against SIS; Ninnl-
peg. ia cars. against 725; Chicago. 2Os
cars against S3: southwest. 13s,oVo
bushels, against $4,000 bushels
The American visible supply OF
wheat decreased 1.l34,O00 bushels last
week Corn increased 100000 bushels
and oats decreased $4,000 bushels.
The American wheat visible supply
now Is 75lus. 5000 bushels. againstt oZ,-
36g 600 bushels a year ago.
The Canadian wheat visible supply
Increased 2g5! 900 bushels last week.
Exports OF wheat and -four Monday,
500 900 bushels.