The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1914-04-14
MARKETS and FINANCE
GRAIN AND PROVISIONS

DETROIT. April 1i.--After three
days of idleness. the liverpool market
was again In session. starting on at
fractional declines due TO pressure OF
ments than expected. together with a
Quick demand for both cash and ex-
port european crop prospects are
larger and offers ofy American winter
wheat increasing. Domestic news was
simply repetition of that Of the past
wheat Is unusually large this year. Up
TO the present time the crop has been
slngularly free from damage scares
and from the present outlook there In
go through to a harvest of unpreced-
ented size and quality. There IN more
or less talk of green bugs az there
has been of winter killing. but no
damage claim have been confirmed
and general sentine In the trade IL
based on the expectation OF bumper
crop, In addition to this the corn mar
ket IL "a bearish fyactor. the effect of
the shortage In the American crop be-
Ing EFFORT by large importations OF
Argentine corn. Technical and pit
In check And cause occasional rallies.
but legitimate conditions warrant lar
ger prices.
The market for the day opened un-
sold up "a from the low point. closing
y higher for May and !. higher for
July.
Cost prices and the speculation
Wheat--No. 1 white. IS: No. 2 red
sen; May opened unchanged at 9sc
sold up TO and closed at 9sh.
July opened at sShc; eased of to
Ss4c; rallied to ss%c. and closed at
sShc per bushei.
Corn--No. 8 mixed. ssac, No. . yell
low, low ! car at 7ohe; No. yellow. sslac
Oats--standard. awe asked: No J
white, i2c: No. white. Ale per bushel.
nominal
Rye--No. Michigan. sehc; No. .
michigan, 6sifc; No. western, 64hc
per bushel.
Beans--lmmediate shipment, sl.ss:
April, 5000 May. $500 per bushel.
Clover seed--Prime. spot s5 bags at
Vio; April, $40; by sample, 80 bags
at N.3o. at $40 and Is at $500 per
l2 bagsi at $3.50 per bushel.
Timothy Seed--Prime spot, "a bais
at s2.3o per bushed.
Aifaifa see,l-.prime. spot. 20 bags at
Local receipts Included 1000 bbls of
hour cars OF wheat, 1 cars OF corn,
cars OF oats and cars OF rye; This
ears OF corn and 8 of oats u year ago
Shipments from Detroit consisted of
1000 bbls OF Hour. 80, 900 bu OF wheat,
1890 bu of corn and 5000 blu OF rye.
Wheat, $4,000 bu; corn. $4,000 bu;
oats, b6.a 400 bu; rye, 1880 bu. A year
ago there was In store 289. 500 bu OF
wheat. $1,000 blu OF corn. $1,000 bu OF
oats and 1880 blu OF rye.
spot No. red wheat closed In this
market year ago At $l.OS: No. 3 corn
at SIC and standard oats at 3sc per bu
receipts at Chicago were "a cars or
wheat. i49 cars OF corn and 161 cars OF
oats
Northwest receipts were lI2 cars.
compared with I'll cars last Tuesday
and l92 cars year ago.
. The Liverpool market closed "a q Nd
lower for wheat and sd higher Tor
corn from Thursday last
Export clearances OF wheat and -four
were equal To $4,000 bu
Primary receipts were cC7, 900 bu
against $4,000 bu year ago.
The worlds visible supply OF wheat
decrca sed last week S,263.0O0 bu
southwest receipts were $4,000 bu,
against $4,000 bu year ago.
The European visible supply in
creased $4,000 bu for the week
CHICAGO, April 1+.-Openlng -
Wheat: May and July down sc Corn:
May down isc: July steady Oats:
May down 'sc. July down sc Pro-
visions; steady. -
Noon Wheat MAY >up ~ a. JAY up
sc. Corn: May steady. ~Iuly downs
,xc oats: May down i,c. July down