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

DETROIT. Jan. 4.--Closs: Liverpool
came across witt strong market and
substantial advance I'm both wheat and
corn. This was quickly responded IL
In the leading American markeS and
the opening was strong.
Liverpool had plenty OF reason for
strength Wheat OH passage decreased
heavily and worlds exports for the
week were small At the same time
Argentina reported bad weather mn :
derinR harvesting operations. Ihe
strong tone was also, in part. the re-
fiection OF recent strength on this side
and tirmness or Plate and Indian ouers.
Millers are buying freely IN Englanu
and paying the advance. The percent
age OF the weeks wheat exports going
TO the United states Is sman ana ,the
strong freights for Argentine wheat
are causing anxiety a gen+ral brouu,
sninE OF European asmans hnaneasins " o% and
Plate offers are higher. The lANerpooi
corn market Is very strong
The feeling in wheat in America -
decidedly bullish and the bulls have
plenty OF statistics with which TO back
up their beliefs While the southwest
is still liberal seller OF winter wheat
there Is plenty OF sor sNId1Smee tSs onrtrv S ' St
large. Demand is pressing and az
pears TO be OF dimensions that cannot
be filled Foreigners are buying every
do not make them even hesitate; EN-
ports from day to day would be
doubled IL ships could he found TO ear
ry the grain.
35 per cent under normal and there Is
much anxiety as TO the moving or Ar
gentine wheat This crop must pay
Soc per bu. TO move TO Europe ana zo.-
March.
The market ruled strong all day and
closed with an advance OF ga n
Corn advanced lhc. oats isc and
timothyseed sc, March cloVerseed de-
clined Sc Rye advanced &c.
Wheat quotations: Cash No. red.
81 III y May opened with an advance
July opened at s1.24 and advanced TO
s1.254 No. I white, Sl2Si8 No. mix
ed. l car at s1.27la.
Coarse grain quotations-Corn Cash
No. 3, 7ohc; No. yellow, ! car at
70hc, at Tic. Il lsc bid; No. 4 yellow.
Oats: Standard. cars at 5sc No 8
white. car at 52lsc; No. white,
Rye: Cash No ., sI.12 bid.
Cloverseed: Prime spot. $3.50: March.
s9.I5; sample red, so bags at $3.50, -
sample aisike, Is 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
day included 1000 bbls. OF -four 3
cars of wheat, 33 OF corn. l2 OF oats. D
of rye and OF hay Shipments We're
1000 bbls. OF -four. Stocks are 44T.5G0
bu Of wheat, 249.700 bu. OF corn. 80. 900
bu. OF oats. $4,000 bu. OF barley and
26.600 bu. Of rye.
Worlds wheat exports last week
were S,595. 900 bu., against S.414. 600 bu.
the week before and ll,6S2.ooo bu.
year ago.
Wheat stocks at Minneapolis in
creased 100. 900 bu I'm two days.
Wheat on passage decreased $4,000
bu. last week.
Liverpool corn closed with an ad
vance of 2h d.
Primary wheat receipts were l.4si.-
900 bu.. against 100000 bu. year ago.
Receipts of wheat Monday Winni-
peg, lsl cars, against sS year ago;
Duluth, 50 cars. against "a; Minneapo-
lis. 456 cars against s16. southwest,
$4,000 bu., against l03, 900 bu.: Chi
cago. 1s7 cars. against as.
Exports OF wheat and -four Monday:
2.12s,00 bu.
The American wheat visible supply
decreased Ss4 900 bu. last week. Corn
increased 3S3s.000 bu and oats 1oS.00O
bu.