The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1917-04-23
Grain and Provisions

CHICAGO. April 2i.-Ilghtnins
changes were recorded In an erratic
wheat pit today. Fluctuations were
fast and unexpected owing to the
smAllness OF trade May wheat
opened down 3 lac and later sold
as high as t237 l.2. or one cent
higher than yesterdays close. Later
IL declined and the market closed
down &c from the opening al s2.Sl.
July opened down I l-2c and subse.
Qucntly gained i-Sc. closing az
Si.ss IS. September opened down
lc and later lost SAC. closing al
SIG IA Corn had a weak under
tone. May in particular being weak
May opened down +. sac and later
lost Sac closing at $40 - July
opened down l-2c subsequently los
ing % 10 81 80 Trade in oats was
moderate Values averaged lower
IN sympathy with the major grains
May opened mp La remaining un-
changed AZ the close. July opened
down l-2c lower declining 7-sc 10
- l-Sc September opened up 3-sc.
and remained INC hanged. Pro
visions opened lower but later ad-
vaaced slightly on moderate buying.
DETROIT. Apr 2i.-Close, wheat
took an easy TURN IN the early trad
ing and there was a general feeling
g H a.. kHarh
level that trading Was decidedly IN
safe.
Enrly war news and the general
European situation were taken as ia
yora nle L. lower prices. Food riots
and reports 81 German losses point
ing 10 shortening % the war are
always IN favor OF lower prices LtN-
srpoUI reported a arm market and
the continent was liberal buy err
Home news was bearish IN several
directions chiefly IN the improved
outlook Tor grow ng wheat All the
winter wheat acreage has received
rstn anu reports II the probable YIELD
do not contain the word disaster
any more Estimates OF the yield
are being materially Increased and
many heids that were about 10 be
shandon~d will BE- left 20 produce
fair yield spring wheat seeding Is
making good progress and the ground
is In the best Of condition. Acreage
IN the Canadian and American north
west will be large.
There is very general feeling
that prices have advanced roo much
owing % the excited buying ~ Tour
during the past two weeks and those
who have been hullish are afraid 10
buy az this level They expect the
lei the market in for sharp drop.
Practically everything In the news
line points 90 lower prices.
wheat was weak all day and closed
IL - - t.
lower FOR the new crop futures.
Corn declined 2c and beans Ad-
vanced 40c
Receipts in the Detroit market
saturday included 1000 bbls. Of hour.
~ cars 81 wheat. OF corn and ! of
oats Shipments were 900 bills %
-four. 900 hu % wheat. 5000 hu. o.
corn and 5000 hu. OF oats Stocks
are 3f5. 0AC pa % wheat. $4,000 hu.
OF corn. rs 900 bu. Of oats and -
Primary wheat receipts w.r. s57.-
900 bu-. against lIS5,o0o bu. GEAR
ago
Exports u wheat and -four satur-
dav ee1 900 bu
Receipts % wheat saturday-Du-
mth. rs cars Minneapolis ~ cars.
Eainst 800 year ago. winnipeg.
5it cars against eSS Chicago. 40
cars. against -. southwest. $4,000
bu against $4,000 bu.
neat quotations SATURDAY taAn
No red o. 50. May opened with a
drop ~ &c at tzs1 and declined 10
s2s0 July opened without change at
81 % and declined 10 f2o4 Septer-
Der opened a. tist and declined TO
tLsl No Z white. t3S1.
Coarse grain quotations saturday
Corn cssh No. 3 as Go yese~.
tt6a No yellow, tiSlh
Oats-stHhdaFd 77c. No. :. white.
ssC- No white TSc
RI aaA &l A. A
Beans -fmmcdiAts. prompt and
April shipment 81 20.
Seeds-Priu1e red clover. afe6S,
October. tiof5. Aisike. til5o tiuO-
thy. 13.85