The Detroit times., 1915-02-27

GRAIN AND PROVISIONS.

DETROIT. Feb. 2s.--ciose; Wheat
went all 20 smash In the early trad
Ing. Liverpool was steady. but Chi
cage was demoralixed. IN the local
market the opening was At slump
q &c. but Chicago continued the de-
cline cir and was on over &c shortly after
:. The market opene, with heavy
Iiquidation. Whether people believed
the opening OF the pardanellss near
for the market was deluged with
wheat and big declines followed each
Other In rapid succession. Selling or
ana ssm as. from e an parts % the he, %s
grain business. IL was not all unload
ing. some dealers were going heavily
on the short side and Q. very nervous
they came, were sudden. and dealer
on the right side had no trouble max
ing money. IL IL believed that long
holdings were pretty thoroughly haui-
Foreign news was not specially
weak. Liverpool had some advances
and Argentine news was unfasorable.
ing both threshinx and arSsting and
exports did not show the expected In
crease. The need or wheat In Europe
Is said TO be very great. but IL Is ad-
increasing. Nothing has yet been re-
ported about the sinking OF grain
ships. but there 10 no reason TO sup
pose that these viii be spared should
submarine get chance at one. The
most significant point about the
H. that the market In Liverpool is not
affected. while the American markets
The wheat market was demoraiized
during the greater part OF the day,
but recovered lie from the lowest Just
BEFORE the close The finish was II
. La ! { +
Corn and oats lost Ike, rye 4c and
seed 1cQ25c. Beans advanced &C.
Wheat quotations: Cash No; red,
az 91.5t. declined 10 S1.5o. and closed
"a . sl::i. and Closed at si.as; WI No.
Coarse grain quotations. corn--cash
7ihc; No. yellow. zoe. Oats stand
ARD. ard. Ssne No white, SEC: No q
Beans Immediate and prompt ship
ment $50. March. ss.ib: May $3.50.
,ssS saeie r.d 60 s Ssa. s At ,s
At IS, ~ at $3.50: prime alsike. SS.7s;
sssmpie alsike. 70 bags at $7r. IS at
receipts in the Detroit market on
Friday included 1000 bSls. OF ioSr,
seven cars Of wheat 4of corn and
one of hay. Withdrawals were 1000
pult. OF nOuf. t,U00 Du- OF wheat H.
900 blu. OF corn. and 1000 blu. OF rye.
Stocks are $4,000 bu. Of wheat. $780,
zoo bu. Of corn. $3.50 bu. OF oats, 1000
bu. OF barley, and 1900 bu. Of rye
Primary wheat receipts were 10000
bu., against 77e.o0o bu. q year ago
Exports of wheat and hour Friday.
Receipts OF wheat Friday, winni-
peg. 500 cars, against 136 year ago;
Duluth. % cars against IL. Minneap-
oils, 3Ts cars. against 432; Chicago.
1e5 cars. against 131: southwest. 49,
600 BIZ. against $4,000 bu.
Timothy--Prime spot. 93.1B.
CHICAGO GRAIN MARKET.
CHICAGO. Feb. 2S--News OF the de-
struction OF the Dardanslles outer
forts today played havoc in the wheat
pit. The market opened ut S1.b2 per
bushel for May and 11.fl per bushel
Tor July wheat These prices repre-
scented overnight losses OF from "a to
4kc per bushel. within rs minutes
prices dropped to Sl.4sA for May and
to $l.21h for July.
Corn dropped with wheat. May corn
9Psnsd r IS os and July options, ss
yesterday's close Of from = TO &c per
market was opened. corn was at Tie
for Mag and 7sHc for July futures,
Noon--Wheat: May down 3hc. July
up &C Corn: May up &c; July up
I &c. Oats; May down sc: July
ciose~-wheat: May. down ixc: July.
up INC. Corn: May, up NC: July. up
Generally higher.