The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1917-03-08
Grain and Provisions

strong UNDERGONE AZ the Opening 10
day. Futures opened lower but lAtel
Z regainel the loss and advanced no
ticeably May opened unchanged
/ but later gained is. TO Sl.SS SIS
July opened down l.2. later advane
ing I. 20 Sl5S. September wheat
opened down i-2. and advanced 1
20 Si.46l-4 in the later trading
Corn was hrm az the start and
later a demand developed with light
offerings May opened up "a. later
advancing /. 10 sl.0s SIS. July open.
cd unchanged but subsequently, gain
ed lis. TO sI.07 rs. September
opened up Is. later advancing 80,
20 sl.06 rs
Oats ruled lower az the opening in
sympathy with wheat. but continued
with the major grains, May opened
down IL. but later gained SIS. 10
90 rs. July opened unchanged. later
advancing l2. going 20 81 Ia.
Provisions reflected no important
price changes az the opening Pork
Was up a few cents while lard and
ribs remained stationary Later quo
tations showed no material changes.
DETROIT. March S-New crop
wheat was on nc az the start and
the market was unchanged for cash
and MAY Early trading was quiet.
Liverpool had Arm tone. Oner-
lngs lea Europe were small and eN-
porters were arm in their views
Weakness developed s-ortly after
the opening and lower prices result
ed Cancellations Of foreign export
contracts, the re-selling OF wheat
held by reiEners and belief that
there viii be more OF both. Consti-
tuted the weakening feature. Foreign
purchasers are showing a preference
for Canadian wheat because OF low
price and high quality. and IL IS be-
inE substituted for some OF the
wheat recently sold in American
markets The coming % the opeR-
ing OF navigation is already having
a besrith influence as there Is much
Canadian wheat at the head OF the
lakes and Il viii probably move tree
~.
The government report on farm
reserves comes out this afternoon
and will be carefully examined by
dealers. u - expected 20 show very
little wheat held back. but the small
ness has probably been discounted IN
the recent advance. Exporters In
some cases are explaining the selling
OF their wheat by showing that they
cannot ship 10 Holland. Greece and
sea ndinavia Leading Chicago pa
pers were hearish in their views and
so were many dealers. but there is
a general feeling that heavy selling
should BE- avoided a. dangerous
Some Improvement IL noted In the
new crop outlook The plant IL
Wheat lost lie in the early trading.
bat recovered and closed at an ad
vance % he In July and &c In cash
Ciorerseed declined 4Oc and Alslks
wheat quotations Thursday. Cash
No. 2 red. s3.ei; May opened with
out change AZ s203 declined 20 SAGA
ant ssA sdS saoe q 70 a gy ,S SSsssS
81 - and advanced TO tls3ha. No.
white. tias. Coarse grain quota
tions. Thursday Corn. cash No. :.
. OIL i.ii, No. ? ysllow HlieLi::
standard. ssL as7ke. No : white.
esds1c No I white. sS6ssc. Rye:
Cash No. ?. tlsf Beans: Immediate.
prompt and March shipment 81 50.
March. s1i sistke. tii.io: timothy.
t.s0
Receipts In the Detroit market on
Thursday Included loco bbis OF hour
2 cars az corn. ] % rye and OF
hay Shipments were ] 900 bills OF
nour 300 bu % wheat. Is 900 bu
OF corn and {. 600 bu OF oats Stocks
are f3a. 0ng hu % wheat. 2s1 600 bu
Of corn. $4,000 bu OF oats and $4,000
bu Of rye
Primary wheat receipts were II
900 bu. against sss 900 bu a year ago.
Exports ~ wheat and -four Thurs
day. I.fTsAo8 bu.
Receipts Of wheat Thursday. Du-
iuth cars against - year arc:
I3T cars. against 5e7;
Chicago. 20 cars. against ISL; Win
nipeg 2s7 cars. against ass. south
west. 1s5 900 bu. against $4,000 bu.