The Detroit times., 1915-01-04
MARKETS and FINANCE
GRAIN AND PROVISIONS

DETROIT. Jan. 4.--"losA. Liverpool
came across will strong market and
substantial advance in both wheat and
corn This was quickly responded 70
in the leading American markets and
the opening was strong
Liverpool had plenty OF reason Tor
strength Wheat on passage decreased
week were small. AZ the same time
Argentina reported bad weather hln-
dering harvesting operations. Ihe
strong tone WAS also I'm part, the re-
fiection OF recent strength on this side
and flrmness OF Plate and Indian offers.
Millers are buying freely In England
and paying the advance. The percent
age OF the weeks wheat exports going
TO the United states is small and the
strong freights for Argentine wheat
are causing anxiety \ general broad
ening OF European demand rs noted.
stocks OF corn are decreasing and
Plate offers are higher. The Liverpool
corn market is very strong.
The feeling in wheat I'm America -
decidedly hullish and the bulls have
plenty OF statistics with which 10 back
up their beliefs. While the southwest
is still a liberal seller OF winter wheat,
there Is plenty OF evidence OF de-
creasing movement for the country at
large. Demand is pressing and at
pears 10 be Of dimensions that cannot
he tllled, Foreigners are buying every
day and all the time. and the advances
do not make them even hesitate. En-
ports from day 20 day would he
doubled N ships could be found to car
ry the grain,
Tonnage for wheat moving is now
81 per cent under normal and there is
much anxiety as TO the moving or Ar
gentine wheat This crop must pay
35c per bu to move TO Europe and TO-
100000 bu. must go 10 italy before
March.
The market ruled strong all day and
closed with an advance OF ? y ~ 3c.
Corn A6NAnpa1 &c nnfS i.g ana
timothxseed SC. March cloverseed de-
clined n. Rye advanced %.
Wheat quotations. Cash No. > red.
si.31 = Nav opened with an advance
OF 1c at sl.34 and advanced TO sl.25Lg
July opened at Sl,2i and advanced 20
81. 25i3 No ! white. sl.2Sis No. miN-
Coarse grain uuotations-Corn; Cash
No 3, 70lsc; No. 3 yellow, car at
70lsc. > NJ 7ice - y c bid No. yellow.
70isc.
oats standard. ears at 53c No 3
white. L car at 59isc; No. white.
RYE: Cash No. .. uls bid.
Cloverseed: Prime spot. 81 so March,
$9.!5 sample red so bags AT s9.2O, -
at sS75, 20 at sS %; prime alstke. $3.50 /;
sample alsike. ~ bags at $3.50.
Timothy, Prime spot $3.50
Beans: Immediate. prompt and Janu-
ary shipment. S2.75 February, sass;
Receipts in the Detroit market Mon
haN HltlNutu I.NVV npls. bA lOhEs -
ears of wheat. SO Of corn, 2 OF oats. 5
OF rye and OF hay. shipments were
1000 bbls. OF -four. Stocks are 441.5G0
bu. OF wheat. 249,700 bu. OF corn. %, O00
bu. OF oats, $4,000 bu. OF barley and
26.G00 bu. OF rye.
Worlds wheat exports last week
were s.595. 0O0 bu.. against s.414. 900 bu.
the week before and l1.632,0oo bu a
year ago.
Wheat stocks at Minneapolis in
creased lee.o bu. in two DAYS.
Wheat on passage decreased $500. 900
bu last week
Liverpool corn closed with an ad-
vance OF 2Kd.
Primary wheat receipts were ,4S4,
900 bu.. against 100000 bu a year ago.
Receipts OF waieat Monday: winni-
neg. 191 cars. against 6S a year ago.
Duluth. 63 cars, against rs; Minneapo-
lis. 45G cars. against $40: southwest,
$4,000 bu against 10S 600 bu: Chi
caRo 1e7 cars. against rs.
Exports OF wheat and -four Monday:
2.12S 900 bu.
The American wheat visible supply
decreased $4,000 bu. last week. Corn
Increased 3,S39,00O bu. and oats los. 900
bu.