The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1910-08-09
Daily Grain Letter.

Daily Grain Letter.
CHICAGO, ILL.,, Aug. 81 Wheat
Although the trade was disposed to
take a bearish view of the govern
ment report, there was no disposition
to raid the market. The country Of
ferings have fallen off and still less
can be expected unless the winter
wheat farmer is offered more money
for his crop. Sales for August ship
ment were large and the resulting
movement will keep the market under
pressure for some time. Western adj
vices indicate a falling off in the near
future. The foreign situation will be
bull factor late in the year but we
look for scalping market in the i'm
mediate future with much wheat for
sale on the bulges. Some northwest
ern advices indicate the spring wheat
losses over-estimated
Corn-Congestion in September Is
feature of the situation that cannot
be ignored The corn movement has
been disappointing and local stocks
are small. Shipments from Chicago
are heavy, exceeding receipts. The
government report is bearish and the
present condition should be maintains
ed or improved as weather has been
such as will benefit the crop. Local
sentiment and light stocks are the fea-
lures of most Importance now, but adj
vanced prices and a good crop out
look should bring out old holdings. We
look for a scalping market which may
advance on short covering but believe
sales on hard spots will prove profit
able.
Presented no features, the
market being neglected The govern
nent report about equals previous ex-
pectations. The short hay crop is be.
ing advanced as an aurgument for
buying oats future.
Provlsions-Tfade small, packers
ready to supply all demands whenever
they can sell without depressing
prices Hog market weak, receipts
are in excess of last year Demand
for cash product Is disappointing
Prices should work lower.
Sample markets-W Wheat premiums
somewhat easier Demand is lacking
only a few buyers in the market. 2
red &c to 1c over September. 2 hard
Y to &c over September. red and 8
hard September price to lie unce-
Corn offerings only fair. General de-
mand somwhat better, steady to Nc
higher. Oats slightly higher early but
closing about unchanged from yester-
day Demand still slow. Elevators who
have beer the best buyers seem to be
pretty we'll filled up. Shipping prices
still out of ne
Daily Range of Prices.
CHICAGO. H., Aug. o.
Open. High. Low. Close.
WHEAT Aug. 9. 8.
Sept. 1o1A 1915 1907 1919 1o1 Y
Dec. 1o4h 1o4% 1885 1o4h 10412
May 1851 1925 1885 100 1895
Sept. So ssss s2M $685. es
Dec. ]. 6oA 6o5s 1913 eoss 60
May !. e2A 62h 61A 627s 61M
Sept. :. as% 81 :ess aeM $685.
Dec. !. $685. $685. 3s1s $685. 1874
May =. 4o% AN 4oA 41B 4oM
PORK
Sept. 81. 20 81. 80 81 OF 81 .15 ri. II
Oct. 90. SIS % 81 90. Az 20. 55 90. 5;
Jan. 1910 1910 IS 90 49,. 90 II. 81
LARD
Sept. 11.52 II. 80 II. 40 H.. As II. Al
Oct. II. 40 II AZ 11.37 81 II. 81
Jan. 10. 40 10. 40 1926 10 .35 10. 81
RIBS
Sept 1877 II 81 II. 80 II 80 II @
Oct. !. 10. 80 10 80 1922 10. SIS 10. s;
Jan. !. s.45 9.45 9.37 9.S7 9.3-
Chicago Car Lots.
Graded Las
Today No. 2 Year
Wheat ......... 625 379 5o'
Corn 226 rs 2s.
Oats $50 497 50:
Northwestern Receipts.
Last Last
Today Week Yea
Minneapolis !. 1926 $50 a
Duluth ........110 81 L
Primary Receipts and Shipments
Today Last Yea
! WHEAT
Receipts ......1,2as,ooo 1,o7s,oo