The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1909-10-28
Daily Grain Letter.


CHICAGO, Ills, Oct. 2S.-Wheat-
Liverpool closed, Il to SD higher. Re-
ceipts here today IS cars, year ago,
AZ. Minneapolis stocks even up for
. days, against an increase last year
OF $4,000 bushels. One house here
received message from their Duluth
agent saying: up to p. M, yester-
day not single car load OF flour was
sold there Peavey and Marfield
were sellers of December wheat to-
day, trade was of quiet nature. and
mostly local. Viewing the situation
from thirty to sixty day proposition,
the indications point to higher level
for the December future. There is
the best sort of buying of this delivery
on all weak spots, not aggressive but
of a quiet accumulative character.
The best people in the trade have
good lines bought. The small stocks
of contract wheat here do not lend
much encouragement to the short who
expects these to be liquidated at a
lower level. There is room for con-
siderable reduction in cash premiums
and to still hold the whip hand. Who
knows but what the next move of
cash wheat will be higher? We favor
sales of May wheat on all good bulges
for the long pull and ultimately they
will show profit.
Corn-The Price Current says husk-
ing shows some disappointing returns,
but on the whole meeting exceptions.
EXcellen. weather conditions are fav-
orable for harvesting of the crop and
movement Comstock, Bartlett Pat
ten and Co., were sellers of May corn,
and there seemed to be quite few
resting to buy May corn There is
little to be said in regard to the corn
situation, and for the present we ad.
here to our previous advices, that
sales on the bulges in May for scalp
ing profits seem to be the best propo-
sition. Purchases of December are
preferable, because of the effect of in
clement weather and car shortage.
Liverpool closed 1sd higher. Receipts
here today 161 cars. year ago AZ. The
cash market remains about unchang-
ed.
Oats Receipts here today ISL cars,
year ago 81. Selling of this cereal is
in sympathy with wheat and corn, par
ticipated in by cash houses and ele-
vator interests, who appeared to be
taking profits on recent purchases be-
low 40 cents. These interests will
probably repeat their operations and
take oats on scale down, since the
big line of oats is held by big people.
We think purchases on a scale down
for moderate scalping profits the best
proposition.
E ~ Range of Prices.
CHICAGO, H., Oct. rs
Open. High. Low Close Close.
| Oct. rs. Oct. 27.
). 1o4ss los 1915 1O5 1o41a
II :. :. 104k 1854 1o4A, 1861 1041s
" :. 971a 1914 97A ssA s7ss
! JORN-
May !. 6o5s e1as so1a s1A CO.'S
Dec. >. $685. 59A $685. 1914 $3.50
July !. 6oA 6oa CO.'S 6oa 6o1s
/ OATS
May !. a. 42A 41M 42A 42M
Dec. !. 1925 40 s9ss 1915 39ss
July !. 1915 1915 asss 1878 1895
PORK
Oct. ). .... $50. 80. 1856 90. 35
May ;. IS. 80 10 10 is. So 10. IL 1S 80
Jan. ). 49,. Is 10. As 10 10. AZ 10 20
| LARD
Oct. ;. 1910 -. 40 II % 10. 81 u. oo
May :. 11.o5 11.22 II. o5 11.15 II o5
Nov. ). 1907 Is 1902 1915 II 90
Jan. :. 11.35 IL. so II 80 1850 II. so
RIBS
Oct. :. 10. 67 1875 10 CT 1875 10. 50
May :. 1902 10. 10 1902 1o.1 10. 90
Jan. i. 1905 TO-. Is 1906 1915 10. 90
Liverpool Markets.
LIVERPOOL, Oct 2S.-Opened-
!