The Detroit times., 1914-05-04
GRAIN AND PROVISIONS

DETROIT. May 4--Close: May wheat
in Chicago took the lead I'm strength
on Monday and showed q smart ad-
vance at the start Foreign markets
were strong and SO were tile new crop
futures
There Is still a large short interest
in May in Chicago and II looks like
squeeze by the Armour people. There
was general feeling that there would
be no squeeze at the present time when
hostil legislation rs contemplated. Tor
a corner Just now is almost sure TO
seriously injure the grain exchanges.
but IL looks like squeeze neverthe-
less. There Is no other reason TOR
strength at the present time in the
new crop futures. but cash wheat -
believed 10 hold firm position and an
Increase In foreign demand Is expected
which causes some anxiety among July
shorts Offerings are drying up and
Liverpool opened with good support
and light offers. The continental
markets were firm and American wheat
was i'm demand. Russian shipments
were small and so were total worlds
exports. Wheat on passage had
large decrease. Some disposition to
take profits caused an easier feeling
near the close. but the finish was at
moderate advance In both wheat and
corn
cash wheat in the Detroit market
was I'm good demand and the situation
had the appearance or strength In all
the leading markets
Wheat was strong early. but later
lost some or the upturn. closing lac
higher for cash and May ~ higher
for September, and unchanged for July
Corn advanced nc No. white oats
lost NC and cloverseed declined sc.
Wheat quotations: Cash and Nay No.
? red. 9gAc; July opened with an adj
vance OF &c at S1hc. advanced to s7Ac
and closed at S1A september open
ed at S6Ac, advanced to SIC and closed
at S6atc: No; ] white, 9sAc
UFa In nm "a iftVa n d
No. 2. 6Sc; No. yellow. cars at 69k r..
AT zoe, No yellow. Sc.
Rye Cash No. ,. 65c.
Beans mediate and prompt ship
Cloverseed: Prime spot. pa bags at
$3.50: October, $3.50. prime alsike. $40
Timothy: Prime spot 80 bags at
Alfalfa: Prime spot. 10 bags at IS.
Oats: Standard. . cars AZ 41Lc. az
40hc; at 41ci No. 3 white. 1 ear az
4oisc. closing at 4Oc asked; No. 4
Receipts I'm the Detroit market. Mon
day included 1000 bills. OF -four. 4 cars
of wheat, OF corn. 10 OF oats and 4 Of
Hour, 900 bu. OF wheat 1000 bu. OF
corn. Stocks are 132i00 bu OF wheat.
265. SEQ bu. OF corn. So 100 bu. or oats
and 1880 bu. OF rye.
Liverpool wheat closed iAa'd and
corn * a I'D higher
The Missouri crop report makes
wheat 1918 Last June Il wax 50 and
the crop $4,000. 600 bu.
Wheat stocks at Minneapolis do
creased 100000 bu In two days
Worlds wheat exports last week
We're 9,24S,00O bu., against zoos. 600 bu
the week before and 1i,072.OOO bu. a
year ago.
Wheat in passage decreased 1.I20. 900
bu. last week The total IL now So
$4,000 bu.. against 5s,9s2. 900 bu. a
year ago
Receipts OF wheat Monday. Duluth.
81 cars against 1S a year ago: Min
neapolis. ls3 cars, against 1856 Winni b
| peg. Ice ears. against 21S. Chicago, ~
] cars. against %
Primary wheat receipts were $4,000
/ bu., against L2l4 600 bu. n year ago
I The American visible supply 81
| wheat decreased 100000 bu last
/ week. Corn decreased 3.243,000 bu and
oats l,63t.OoO bu.
| The Canadian wheat visible supply
| decreased l,2l5,000 bu. last week
| Exports OF wheat and Hour. Monday
| SIS, 900 bu