The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1909-12-24
Daily Grain Letter.

LAZY Sratn letters
CHICAGO. Ills. Dec. 24-Wheat--
Liverpool closed lsd lower. Receipts
here today rs cars year ago holiday.
Trade today was of truly holiday
character. Market heavy but the per-
sistent bullish attitude Of local trad
ers along with the fairly firm cash
market and the December premium
makes 1t easy to maintain May prices.
The new crop under snow everywhere
Is reported as in excellent shape. We
look for scalping market throughout
the holidays with good many sharp
bulges probable, especially should the
December develop to be oyersold. We
feel however that the best opportunity
Is on the short side Of May wheat.
Corn-Trade was on much smaller
scale t<an for sometime past. Shorts
were active buyers most of the
offerings were from elevator concerns
who are buying to arrive or taking
current arrivals to make contract
grades. There is practically no dis
tributing demand for corn arriving
and the pit is the best market local re.
ceivers can find. 1t Is believed how
ever that the short interest Is pretty
we'll evened up and unless shorts are
unreasonable dilatory the December
deal should go out quietly. If wealth.
er conditions remain favorable, corn
should accumulate rapidly after the
first of the year. We strongly advise
Profit taking on long stuff but are
friendly to corn and would buy May
on any sharp break.
Oats-Purchases of May oats
against sales Of corn tend to keep the
oats market firm in spite Of liberal
profit taking for the account OF longs.
December shorts are still delaying
their purchases and as a result
some serious congestion may de-
velop. With standard oats on the
sample tables around As cents, there
is no reason why December should not
sell at this figure, although we adj
wise profit taking on long stuff We
anticipate some further advance in
oats. Oats are the cheapest thing on
the grain list and the pit is the cheap
cts place to buy them. Buy May oats
on any sharp break.
| Provisions-Owing to the holiday
year ago no comparison of hog re-
ceipts. Hog market is again firm with
western reseipts for five days slightly
more than half OF the figures for all
last week. The market still shows re-
markable firmness and unless the hog
movement again increases the bull
party may be able to bring about an
other advance, although cash trade is
i restricted and prices seem too high to
/ be maintained.
Daily Range Of prices.
CHICAGO, ILL.,, Dec. "a
Open. High. Low. Close.
WHBAT- Dec. "a. 49,
May 1855 lily 110A 11o1s 111M
July 101A 1925 1O1A 1o1% 1O1%
Dec. 116 116k lle 116M 116A
/ CORN
May s. 6eA s7s esM SEX seM
July 4. 661a 66M 66M e6N 6eM
Dec. e21A e3ss 62M e2A ssh
i OATS
May ). 45ss 45B 45ss 451a 45aa
July !. 43A 43k 43A 43A 43M
Dec. AN AN 44A 44ss 441s
/ PORK
Jan. 80 81 IS 81 70 81. 10 a 65
May 21.75 81 80 81. IS 21 50 ri. Go
july 800. 49,. 21.70 81. 60
II LARD
Jan. 1876 70 81 IL. so 10, so 10. so
May 1892 11.97 IL. 80 1fe95 IL. so
July 11.s0 1892 1887 1892 IL .s7
Jan. Hat IL. 81 IL AZ Hat ii. 40
May Hap IL AS 1877 II. 40 IL. 81
July IL. 40 11.45 ii .35 II. 40 II. So
Chicago Car Lots.
Today. Graded No. 2
Wheat 49,. ......26 z
Corn ...... -. 1888 Q
Oats ........ -. .142 IL
Northwest Receipts.
Today. Last year.
Minneapolis 49,. ....20S Holiday
Duluth ......... .23 Holiday
/ Winnipeg ....... ....215 Holiday
Chicago Cash Grain Market.
CHICAGO, H., Dec. Wheat
No. red, 81 25@1. 2s1s; No. 8 red,
$1.1s@1.25; No. hard winter, s1.16
/ @1.17k; No. 8 hard winter, 81. 100
Ills; No. / northern spring, s1.1S@
1.19; No. 2 northern spring, SLIGO
1.1S.
Corn-All new, No. white, e1kc;