The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1909-11-01
THE WORLDS MARKETS
Furnished by James Bennett Co., Members Chicago Board
Of Trade and ST. Louis Merchants EXCHANGE
LOCAL oFF1cE-RooM q BUILDING PRIVATE WIRE
MISS VALLEY PHONE
Daily Grain Letter.

Daily Grain Letter.
CHICAGO, Ill.,. Nov. 1,---Wheat--
Liverpool closed sd higher to SD
lower. Receipts here today Al cars,
year ago So. Worlds shipments
l4,S62.000, against 14,304,000, the pre-
vious week and 9,16S,000 last year.
The Canadian visible supply increased
l,o22,O00 bu. against an increase last
year of 1877 900. Trade was quiet and
mostly of a local nature, no particular
features. Darrell sold a little wheat
this morning. Minneapolis wired:
Flour sales Saturday were good,
mills all running full capacity and are
likely to do SO well into next year.
There is seine hedging going on here
but It is small. They can sell all they
have to arrive" Minneapolis stocks
increased 5000 for two days against
no change for last year. The stu
alton remains distinctly bullish on
December wheat. Even though the
cash markets in all quarters is mater
tally lower, the absence of foreign de.
mand and the liberal Russian and Ar
gentine offerings make the future
prospect decidedly bearish on the May
delivery, If the prospect for the new
crop continues as glowing as at pres
ent. We believe May wheat is fine
sale around the present figures, and
especially a good sale on any bulge
resulting from a furry In the Decem-
Der. Scalping the long side of De-
cember on tho breaks will continue to
result profitably.
Corn-Liverpool closed sd lower.
Receipts here today 154 cars, year ago
53. Worlds shipments 1885, 900, pre-
vious week 2.Os7, 900 last year 1857
900. The visible supply decreased
100000 Blu. Weather unfayorable in
the belt for harvesting and movement.
me immediate action of corn depends
IN great measure on the weather
and railroad conditions. Cars are sup.
posed to be scarce. Our personal OBJ
servations and numerous advrces
make 1t clear that husking is making
unusually rapid progress. Farmers de-
livertes on old contracts will undoubt-
edly be very heavy the next sixty
days. We are inclined to think that
very little new corn will be sold on
the basis of the present market, at
least for some time to come. The
movement of corn already sold will be
very burdensome unless the cash de-
mand improves materially. Speculat.
ors SO far have been the only buyers.
Bartlett Patten were sellers Of corn
today. We consider May corn a good
sale around present prices and believe
December will sell lower If conditions
will permit. The cash market TO-DAY
was about unchanged.
Oats-Receipts here TO-DAY ~
cars, year ago 1879. The yisabIe
supply increased $4,000 pu. Bart.
lett Patten were buyers or Nav
oats. Cash houses sold some oats.
Nye jerks & O., were sellers of
May. December Oats still in
strong position: farmers are hold.
ing and the movement is keeping
light. Armour, Peavey and their fol.
lowing control big lines of December
and the cash as we'll We believe pur-
cnases OF December oats on soft spots
Will net scalping profits or possibly
better. There is very little new in
the situation.
Daily Range Of Prices.
CHICAGO. ILL.,. Nov. L.
Open. High. Low. Close.
WHEAT Nov. /. Oct. 80.
May 1o4zs 1O4M 1o4ss 1o4sa 1o4M
Dec Jos 1855 1o45s 1o4A 1851
July Ga. ss 90 s7A 97A s7M
May ). s19s e1A 6oA eom CIV
Dec. :. 591a 591s 5s7s 5SM 59h
July 81 81 6Oas 6Os COS
OATS - -
May ]. 421k 42A AZ ~ 42x
Dec. s9A 1919 ss% 3sA ssM
PORK
May 80. 40 10. 40 10. 80 10. 80 10 40
Jan. > 10 80 19. 80 10. 81 10. 81 10 ~
LARD
Nov. 1910 10. 10 10. 90 IL. OF ~. IL
May 11.22 1872 lib lib II %
IAN 11.52 11.52 11.42 II. Al IL. IS
RIBS
May 1920 1920 10. Is 1918 10 20 |
Jan. 1922 10. 25 10. 90 1920 10. 25
Liverpool Opened.
LIVERPOOL, Nov. Wheat. sd
lower; corn, unchanged.
Liverpool, 100 p. m.-Wheat, I'M
changed to Esd lower; corn, I'd lower. /
Liverpool Close.
Wheat sd higher to ed lower;
corn, ssd lower.
Car Lots. i
Graded |
Today. No. 2.
Wheat ............. AZ IL
corn .............. 104 9
Oats ........... 1T "a