The Detroit times., 1917-03-29
Grain and Provisions

CHICAGO, March g. - wheai
started frm bat a few minutes later
UPON peace rumor, developed q
weakness. There was little buying
At the start and selling on the sd
vance was general. Longs eveneo
up their trades when the peace talk
started May wheat opened up IS
but later declined - 20 1913 81.
July opened up IS. later dropping
one point "a is6 81 Sept opened
up Ia. subsequently declining Ia
10 i52 Ia.
Corn was arm a. the star. but
later broke with wheat. Commits
sion house demands were fair. but
offerings small May corn opened
up IA. later losing SIS To III Is
July opened up is but declined rs
70 ll6 -; Sept opened up IS, later
losing "a to ia "a.
Oats were governed by the other
cereals. MAY opened up IA, lost
IL. going 10 so rs July opened up
rs. declining SIS TO 81 rs.
Provisions ruled slightly higher.
with the increased strength In hogs
DETROIT. March 3S-Ltverpooi
wheat was strong and American
start The feeling among dealers
VAS that prices had touched points
hlEh enough for the present and the
market Was weakened BY sone ac-
tive selling shortly after the start
Political news and war develop
naents arc OF 80 unusual character
that grain dealers are MIXED as TO
What their effect should be on prices
eonstdsred bullish, Altho the pressing
back Of the German line has always
been h-arish in the past The same
- tNe case with rumors or separate
peace. The most important influence
now ~ al home and r. decidedly bull
ish. but it's effect has been felt for
several days and dealers are inclined
10 wait = while and see N hne sprtng
weather will not give the future
more bearish outlook Recent crop
news sas been about the worst on
record and those who a short time
ago were predicting a decline IN July
are now looking Tor that month 10
creep close to the May.
scarcely any dealers are oearish
for MAY wheat Cash demand IL so
active and 80 much American wheat
Is now the property % foreigners
that there IL little chance for more
than a temporary dip. in fact. some
dealers look for much higher prices
before the May deal natures. In De-
troit easn demand IL active. all for
milling
ket. but gained strength again and
closed With cash &c above Tuesday,
close and futures unchanged
The coarse grains and seeds were
stssdy.
+, Wednesday wheat quotations
Cash No red t3O7 bid. May open
ed with an advance OF Nc at - es =
declined 70 S1eT advanced 20 t2.osh
and closed at t7os: July opened at
iiiois and closed al si@fo. No.
white. t9s4 bid Wednesdays coarse
grain quotations. Corn. cash No. !,
81 81 y No. yellow. 81 22A No.
ysilQ~ Miehigan Central. 81 ~: No.
No WHITE. sstsr No I white. e. n a.
Rye Cash No :. yis5. Beans Inn
mediate. prompt and April shipment.
tT55 seeds Prime red clover. tii.
March. sloso April. Ne.so. sisike.
Receipts IN the Detroit market
were 1000 bills % -four. cars OF
wheat. 10 % corn. OF oats and OF
hay Shipments Esrs 1000 eels %
90. 900 bu Of corn. 21s. o09 bu % oats
and 20 600 IA 81 rye
Primary wheat receipts we're l.
$4,000 ou. against -. see 10 a year
aRo.
Exports Of wheat and -four wed
nesday 4T5.0pe bu.
Receipts Of wheat wednesday ~
luth. cars, against IS year ago
Minneapolis s1k car HKain~t -
" iRniRAk 80 ears. against s&I chi
eaEo. - cars. against $50 southwest.
IS 900 hu against 100 600 bu.