The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1914-03-20

p.sTRoiT. March 20.--Close: In the
early s's ling there was a lack OF snap
although Liverpool came mp nicely To
meet the American advance at the
close ON Thursday. Corn did not show
American ana winnipeg nrmnsss
was the cause OF some active covering
at the opening In Liverpool and prices
promptly advanced. The market was
quiet, but with plenty Of support In
May. Argentine exports were light.
Plate anu Australian cargo were strong
and the arm offers helped the Liver
poo! advance. The upturn was check
ed Lby estimates OF heavy worlds ex-
ports ana glowing reports OF eth
American winter wheat outlook. Shorts
IN corn were covering ana the mar
ket was strong.
The crop outlook In this country is
al favorable as ever for both winter
and spring wheat. Snow and rain
have relieved much OF the drought thar
nad Tor time threatened To cause
damage and the exports now travel
ing IN the southwest are sending In
very favorable reports OF the condi-
tion OF soil and plant The promise
- brighter than ever for the winter
crop In the northwest preparatiens
are on loot Tor large acreage 81
spring wheat and the ground 10 In
kood condition TO receive the seed All
THIS has bearish effect and checks
the advancing tendency that comes to
wheat through the strength In corn.
dealers think shorts are well covered
and an easy market is expected. Cash
demand Is slow and stocks show mod
crate increases. Receipts In all posi-
lions are running light. but grinding
Wheat had dull time on Friday
and the close was at unchanged prices.
Tne coarse grains were quiet and
uncnanxed. Cloverseed advanced &c.
Wheat quotations: Cash No. 3 red,
with nh nj
xl'ooh, declined TO yl.00h and ad--
vanced TO $l.00h: July opened at
VI Nc. lost Nc and advanced TO 01kc:
No. i white, SSc.
no. ., 6sc; No. 3 yellow. 3 cars 1t CSC:
No. yellow. 3 cars at e6c.
white. cars At 4lhc; No. ! white.
Rye: Cash No. 2, sshc
Beans: Immediate prompt and March
shipment. $3.50; April. Ass; May. el.sS.
Cloverseed: Prime spot and March.
$3.50; April. $s.25; sample red. - bags
alsike. Slo.60: sample alsiks, Is bags
at $3.50. s at $3.50.
Timothy: Prime spot $40
Alfnlfa: Prime spot. S7.26.
Receipts In this market Friday In
cluded 1000 bills. OF hour. cars Of
corn. Of oats and 3 OF hay. With
drawals were 1000 bbls. Of hour. TO-
600 bu. or wheat and 1900 bu. OF
corn. Stocks are 4s1. 200 bu. Of wheat.
Weeks exports OF wheat and hour.
according to Bradstreet's. 100000 bu.
$4,000 blu. OF corn. 76.40 bu. OF oats
and 1880 blu. Of rye.
Liverpool wheat closed kexd and
corn Y n Nd higher.
Wheat stocks in Minneapolis de-
creased 200, 900 bu. for the week
The wheat crop or New South Wales
Ia 36.O0o.000 bu, against $4,000 blu. .
year ago
Argentine wheat exports this week
were $4,000 bu against 4.96s.000 blu.
a year ago.
Receipts of wheat Friday: Winni-
peg, 1S9 cars. against 246 a year ago:
Duluth. 80 cars; Minneapolis. 1s9 cars /:
Chicago, % cars; southwest, 5000 bu.
Exports of wheat and flour Friday.
278.000 blu.
Primary wheat receipts were 100000
bu.. against $4,000 bu. a year ago.
Reported sale OF 1.000.000 bu. OF
Argentine corn In this country.
London Is reported to have bought q
cargo OF American corn.