The Detroit times., 1917-04-21
Grain and Provisions

CHICAGO. April n.-L4shtnins
changes were recorded In an erratic
wheat pit today. Fluctuations were
fast and unexpected owing to the
smallness OF trade May wheat
opened down 8 i-4c and later sold
as high A. t3S7 l-2. or one cent
higher than yesterdays close. Later
IL declined and the market closed
down &c from the opening n Si.Si.
July opened down lie and subse-
qnently gained i-Sc, closing AZ
ti.ss rs. September opened down
le. and later Loaf $40. closing at
ti.Ts IA Corn had a weak under
tone. Nay In particular being weak.
May opened down sec and later
lost SIC closing At t1.4o IA. July
opened down l-3o subsequently, los
ing &c TO $50. Trade In oats was
moderate Values averaged lower
in sympathy with the major grains.
May opened up lac remaining un-
changed AZ the close. July opened
down lac lower declining T-Sc 10
SO I-sc. seotcmbcr opened up S-sc.
and remsined unchanged Pro
VISIONS opened iower but mtcr ad-
v.uced slightly ON moderate buying.
DUTNorr. Ap~ u,-Cose wheat
tDck an easy turn In the early trad
ing and thare Was q general feeling
that prices had reached such q high
level that trading wAs decidedly un-
safe.
Early war R~ws and the general
vora6le 20 lowor erices- Food riots
and reports OF GsrxaAn losses point
ms TO . ahortsnins OF the war are
always IN favor Of lcwsr prices Lay.
TIE continent was . liberal buyer.
Hone news wNS beArtsh IN several
directions chiefly In the improved
outlook for growing wheat All the
winter wheat acreage has reesivsa a
DO not contain the word disaster
eny more. Estimates Of the yield
are being materially Increased ana
many neids that were about 20 be
absndoned viii be left % produce a
making good progress and the ground
- In the best Of condition Acreage
In the Canadian and American nOrth-
west will be large.
that prices have advanced too much
owing 20 the excited buying Of nour
during the past two weeks and those
who have been bullish are afraid 20
buying saeitemsnt 20 .ussids and
let the market I'm for a sharp drop.
Practically everything In the news
line points 90 lower prices
wheat was weak all dag and closed
Sc lower for cash and May and 40 &c
lower for the new crop futures
Corn declined &c and beans sh-
Rsos,pts IN tn. Detroit market
saturday included 1000 hbls. OF -four.
II cars OF wheat. 4 OF corn and 7 Of
oats Shipments were zoe bills. Of
-four. 200 bu. OF wheat. 1000 bu- OF
corn and 5000 bu- OF oats stocks
are stS.0 900 bu. OF wheat l7s.ooo bu-
OF corn. irs.ooe bu- OF oats and H.
primary wheat receipts were ss1. e
900 bu- against l.TsS,ooo bu. year
ago.
Exports Of wheat and -four satur-
deg. sss.eoo hu-
luth. is ears. Minneapolis. ls7 cars
against ses year ago; winnipeg.
stl ears. against sss. Chicago. ts
cars. against %; southwest $4,000
bu.. against $40 600 pa.
wheat quotations 5aturday-Cash
No red. $3.50, MAY opened With a
drop OF &c at S2s1 and declined 90
3 90 July opened without change a.
sos and declined TO s1-0g. Seprsm
Der opened az o. - and declined 20
Ssh No. I white. tss7.
Coarse grain quotations SAturday--
Corn cash No. I. ti5i. No yeuow.
t153 No 4 yellow $751;
f4tsa4thn8a 20 Ne site
Tst5 $u WHITE Sc
Rye-Cash No. 2 f2.00
Reane--fmmediat prompt and
April shipment. s. 90.
Seeds-Prine red clover SO IS
October. tie4B Alsike fit.5o. timo-
thy. s5.5S