The Detroit times., 1915-01-05
! MARKETS and FINANCE
GRAIN AND PROVISIONS

DETROIT. Jan 5-zClose: The wheat
market failed TO hold big opening
advance. There is feeling in the
trade that the death OF the Kaiser
would bring a decline IN wheat and
cables early In the day said his con-
ditlon was serious owing TO exposure
This accounted f0r the early decline
Liverpool reported AN excited market
and much disturbing news came I'm the
early cables. IL is said that the ports
OF Italy are glutted with grain ships
that cannot be unloaded. In the mean
time the people are suffering because
they cannot secure food oefore the
war Italian dealers sold wheat TO Aus
tria. Now they cannot replace be
cause wheat cannot be shipped from
Russia. Big arrivals from South Am
erica are necessary 10 prevent a fam
inc, but the ports are not well equip
erpooi spot wheat on Tuesday was
quoted 4lkW5ild higher American
offers were fewer and Argentina was
asking asking higher prices some son r yeTs Ihinl hiSh
ments OF Argentine wheat.
Minneapolis reports an advance ot
40c per bbl in the leading brands OF
-four Primary receipts show large
falling Off and demand for wheat is
heavy. There is no way OF getting at
the quantity OF wheat In this country
owned by foreigners and waiting Tor
ships TO carry IL away. but the total IS
known TO be very large. The market
has had a large advance in the past
few days and many bulls are ready 10
sell out and take profits.
The European visible supply shows
heavy decrease for the week. enough
TO account for strong Liverpool mar
ket
Opening with an advance OF &c,
wheat declined sharply. but got fresh
grip and closed with an advance for
the day of 3GShe.
Beans lost Sc and corn advanced isc.
were steady.
Receipts in the Detroit market Tues
day included 1000 bbls OF -four, cars
rye and 3 OF hay. Withdrawals were
1 900 bbls OF -four. 5000 bu OF wheat.
10000 bu OF corn and 5000 bu OF rye.
Stocks are. 444.5 bu OF wheat. 252,9OO
bu OF corn. 81 500 bu OF oats. $4,000 bu
of barley and ~. 400 bu OF rye.
Liverpool corn closed 2@2i4d higher:
The European visible supply or
The total is now 76.stS.0O0 bu, against
81. 200 bu year ago.
Primary wheat receipts were $4,000
bu against 100000 bu year ago.
ss4, 900 bu.
The worlds visible supply OF wheat
7,s22.0O0 bu last week. The
total is now zoo. TOs,o0o bu. against
20s $50, 900 bu week ago and 2o7.o2S.-
900 bu a year ago.
Receipts OF wheat Tuesday: Duluth,
7S cars. against 11s a year ago; Min
neapolis. 2S2 cars. against l6l: Winut-
peg. IA cars, against 2VS: Chicago. 454
cars against 15S; southwest, $4,000
bu. against $1,000 bu.
Wheat quotations: Cash No. red.
sl.34a May opened with an advance
OF &c at $l37h1. declined TO sI.35is and
advanced 10 si.3sls July opened at
s137h declined 10 sI.25h and ad-
vanced TO si.2Slk; No. l white. s. 81 =
Coarse grain quotations: Corn, cash
No 3, Tic. No. yellow. cars at
71Lc, 9 at 72c: No 4 yellow, Tic. Oats:
Standard. cars at 53c; No. 3 white.
52ikc; No. 4 white, 81 lac. Rye: Cash
No g sl12 bid. Beans: Immediate.
prompt and January shipment, s2-fei7
February. $3.50: May. sass. Clover
seed: Prime spot. 50 go. March. SO 20 81
40 at $3.50: prime alsike, $3.50; sample
alsike. Is bags at IS. Timothy Prime
spot $3.50.
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