The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1909-11-02
Daily Grain Letter.

Il
OF the name has appeared, while Rus
STA and the Danube are contributing
In the<neighborhood Of 100000 bush
els week and Canada is also prepar.
ed to ship heavily, there is not much
opportunity for the United States ex-
porter. More rain this morning shown
on the@map over the winter wheat
belt The weather northwest and
southwest continues generally favor
able for movement, easier cash mar
kets are the principal influence. Some
spring wheat is being worked from
Duluth to Chicago, reported that $780,
600 bushels worked there today for
this market. 1t will take great deal
OF 1t to supply the existing short in
terest in December wheat and cash
premiums are still fairly we'll main
tanned. We believe the market will
receive good support from the bull
leaders on the breaks unless there is
still further decline In cash prices.
We still feel that the short side Of
December wheat is extremely danger
GUS and that there are bull POSSIBLE
tiles in 1t owing to the big short In
terest and the strong holding. We
think May wheat sold and we'll marg-
ined will pay handsomely, but would
prefer sales on the bulges only.
Corn-Liverpool closed sd lower.
Receipts here today 214 cars Shows
report makes the acreage 102,750, 900.
Yield based on sustained results
makes the total corn crop 2,741, 900 900
bushels, an average yield of 26.S
bushels per acre. Further rains over
the belt may have a temporarily stiff
fleming effect on prices. The fact that
very little corn is now being sold has
little to do with the situation as the
enormous sales of some 80 to go days
ago will furnish ample supplies II It
is possible to move the stuff. Compar-
alive small supply of stock in hogs
and the fine pastures of the past two
months are bearish factors that will
probably make a big farm reserve
next spring. We consider May corn
sale and in all probabilities a very
good sale on any further bulge from
present levels
Oats--Receipts here today 324 cars
The market has been featureless for
several days. We believe December
oats are in strong position and in
strong hands, and it will take con-
siderable heavier movement to mater
tally depress prices. We believe pur.
chases Of December around present
levels or on any further breaks will
be profitable. May oats will sympa-
thize with any advance In the Decem-
Der but we consider them sale on
any good bulge.
Provisions Hogs, 5@16c lower.
Western receipts, 10000, over last
year The market was lower early
but closed firm. Commission houses
are taking advantage of all breaks
to buy January and May product. we
/ believe that purchases on all breaks
will result profiitably.
Daily Range Of Prices.
/ CHICAGO, Ill, Nov. p.
Open. High Low Close Close.
Nov. 2. Nov. /
WHEAT
May ;. 1o4A1o4ss 1osA 1oaN 1o4sa
Dec. 2. 1o4% 1o4A 1o3% 1O4 llo4N
July ). 97b OTIS 961h s6% OK
CORN
May 3. soM e1 soss COZ soM
Dec. !. 5sM sos $685. 5sss 5sM
July !. 6oss 6oh co.'s COZ CO.'S
OATS
May s. 42h 1875 41% AZ 40
Dec. I. asA ssA 39ss 391s 39%
July :. 39A 3sa a9h 1914 !.
/ PORK
May !. 10 % 10. 80 IS. 20 10 20 10 80
Jan. !. 10 60 1866 49, so 10. GO 19. 81
LARD
Nov. 200 1902 1875 IL. OF IL. o2
May .12 Ill IL or 11.07 II. is
/ Jan. !. Hap IL AS 1877 11.42 IL. AT
RIBS
May !. 10 .15 10. 16 10 .05 10. OF 10 .15
Jan. :. 10.17 1917 1910 1912 10 20
4 er.
Liverpool Opened.
LIVERPOOL, Nov. 2.-Wheat, sd
lower; corn I'D lower.
LIVERPOOL, 1870 p. m..-Wheat,
I'D lower; corn SD lower.
Liverpool Closed.
Wheat, 5s@Md lower; corn, 70 low