The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1914-05-07
GRAIN AND PROVISIONS

DETROIT. May Close: Foreign
wheat markets were firm in the early
trading. but business was restricted
because all hands were waiting for the
government report that was expected
10 show the tnest crop outlook ever
seen In this country.
Some complaint is coming regarding
late seeding In North Dakota. The
weather has been rather backward and
farm work has been hindered in parts
OF the northwest but the general feel
ing is thxe the acreage viii be as
great as year ago and the crop pros
pect is better owing to an ample sup
ply OF moisture In the soil. There Is
not enough said against the crop out
look 10 give IL the least turn OF bull
lishness and the present promise Is as
good as Indicated earlier In the sea-
son.
Liverpool reports an increasing
scarcity OF wheat OF all kinds and the
spot article in European markets is
firmly held. Manitoba offers are Arm
er and early statistics point 10 an
other week OF light wheat exports.
Russian offers are light and the market
In Argentina Is strong, counterbal-
naturally come from the fine American
crop promise The Liverpool close was
higher FOR wheat and easy Tor corn.
There was some covering OF May
wheat in Chicago, but not enough 10
cause any excitement, The squeeze, II
there is one. is quite gentle The
market ruled firm great deal OF the
time the strength coming mostly from
the cash situation. Demand for cash
wheat In Detroit is quite active from
local and eastern millers and receipts
are small. Michigan farmers are well
sold out OF wheat.
Wheat was quiet and easy, closing
&c lower FOR cash and -May-aRd- IN
changed FOR July and September.
The coarse grains and seeds were
Wheat quotations: Cash No red,
991zc, May opened without change at
99S4c, advanced to S1.0O and declined
TO S1Ac and closed at SIC. September
opened at S6Isc gained "A and de-
clined 10 96lsc; No. ! white, 9sc.
Coarse grain quotations. corn. Cash
No 3, soc; No 3 yellow, 1 car at 20 ~ c !:
No yellow. ! car at 69c
Oats standard, cars at i1Iac: No.
white, Ale. No. Z white. car at SO &c.
Rye: Cash No. >. csc.
Beans Immediate and prompt ship
ment $2.0S. MAY. Sab. June. s21s
Cloverseed: Prime spot. 20 bags at
$165' october, $tSO; prime alsike, $40.
Timothy: Prime spot, 80 bags at
Alfalfa, Prime spot, IS.
Receipts in the Detroit market
! car of corn; I OF oats; 2 Of rye and
OF hay. Withdrawals were :, 900 bills
OF -four, $1,000 blu. of wheat. and 1000
bu. OF corn. Stocks are 10000 bu. OF
wheat; 25S. 500 bu. OF corn: $500 bu.
of oats, and 26.550 bu OF rye
Argentine wheat exports this week
are larger at million bushels. Ex-
ports year ago were almost three
times as great.
The ONO crop report makes the con-
dillon OF wheat 99c Last July IL was
94c. and the crop amounted 10 $1,000
900 BID.
Receipts OF wheat. Thursday: Duluth.
al cars, against "a year ago. Min
neapolis. 100 cars, against 1873. Chi
cago, 81 cars against SO; Winnipeg,
20S cars, against 1871 southwest So, pUv
bu.. gainst $4,000 bu.
Liverpool wheat closed l. IA u d
higher and corn u a I'd lower
Primary wheat receipts were 62I, 600
bu.. against 10000 bG. a year ago.
Exports OF wheat and hour. Thurs
day $4,000 bu