The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1910-08-17
Daily Grain Letter.

i Odtty 0Faln EcttcT.
as CHICAGO, Aug. 17.-Wheat-Re-
ports of possible frost damage across
] the Canadian border, while somewhat
exaggerated in Importance, helped
1 prices Most of the Canadian crop
is too far along to be bothered by
i frost. Considerable wheat is already
cut and in shock While there is no
question but that some export business
was done on recent breaks, the for
4 eigner is not following the advances
4 and probably will not The slightly
4 higher prices early in the session
started hedging pressure, under which
the market sagged. We look for
scalping market, breaking from the
bulges under hedging pressure and
rallying from the breaks on an ex-
! port demand
Corn-Corn has shown considerable
strength at times today in spite of
4 the favorable weather and additional
trains Too enthusiastic short selling
and consequent covering of shorts was
the principal cause of strength. Many
favorable corn reports are being re-
ceiyed. Fully as many unfayorable
ones are coming in. Advices as a
whole indicates the crop badly spot
tied, which does not indicate the bump
er yield recently promised. Sections
where the crop is assured are mar
keting old corn freely and the Sep
! TENDER is under considerable pressure.
The high price Of, live stock will mean
IA big feeding demand this fall and
winter and we feel the new crop fu-
lures are a purchase on soft spots. A
, bull movement is likely to develop UNI
less all weather conditions are alb
solutely favorable until after the first
/. Iof October. The bearish situation In
! wheat and oats will probably be a
drag on corn, however.
Oats-Are sagging under continued
hedging pressure resulting from tie
) free country marketing and enormous
1 movement. In spite OF the relative
: cheapness of oats there is little to en-
: courage the bull. We look for scalp
4 ing market working steadily lower
: Provisions-Liquidat has been
u the principal feature. Packers are
) making a slight effort to sustain
] prices and some of them are reporting
cash demand good. Other distribu
tors, however, report the cash demand
poor. The market acts heavy.
Sample markets Wheat offerings
. moderate. Owing to the congestet
& condition of local elevators the de
. mand has Stacked hard and 2 ret
. September price Lower grades hea7v
. lily discounted. Corn offerings heavy
demand fairly good, mostly from eleva
!. tors. having storage room to fill. Un
!. Hess shipping demand develop
9 soon. offerings will be too bic for TIL
n market. as elevator room is filing vi
h rapidly.
e Daily Range Of Prices.
+. CHICAGO. H., Aug. H.
is Open. High. Low. Close.
y WHEAT Aug. II. 16.
Sept. 101A 1925 101 1917 1921
o Dec 1861 1855 1O41a 104a4 1865
,e May 11OA 10Y 1922 1895 1903
n CORN
y. Sent, ss ssA e2a e2A ess
N Dec. co.'s 81 COZ COZ Gil
n Nav GO ss1s 62k 625s 63s
D. OATS
Sept. sc Sc s5h 35% 3s1
H. Dec, !. 1915 1915 37A S7% 3sl
w May &. Al Al 405s 4o% Az
~ PORK
n Sept. 81. so 81. so 21.27 21.42 21.S
r. Oct. 2O7O 2o.s2 2o.62 80 20. s
b. Jan. 49, 60 1857 IS. So 1866 1S.t
ed LARD
~ Sept. 1872 l1.92 1852 11.s7 H.!
r. Oct. II 80 II 80 .75 11.77 liz
OF Jan. 10 65 10. 67 1862 o.65 1o.t
e. RIBS
he Sept. 1877 IL. rs II 80 1925 12.t
", Oct. 1142 11.47 11.27 11.47 H.
OF Jan. 9.75 9.75 9.67 9.75 g.
re Call Prices.
yn Wheat. 1s@1c lower; corn, u
IT, changed to &c lower; oats, A@a
IS, lower.
he Track Illino
er Chicago Prop
lie 10 Days shipment
ID NO. s Corn ...s........... DO Do
St No 8 White Corn 800. GA CD
re- No. 8 Yellow Corn $500. 631a 63
gn Standard Oats ........ 35A 30
TT No White Oats ..... 35A IS
at No. Oats ......... 33% S3
lis No 2 Red Wheat u. Ok ] OIL
of No. Hard Wheat !. l OH OF
Id August Shipment
re Standard Oats ........ 33A 35
is No. 3 White Oats 49,. 35A 35
ill No. 2 Red Wheat -. Ok / OF
ew No 2 Hard Wheat -. ! OH / OF
ire 80 Days Shipment
Sc No. Corn ......... 62& GO
No White Corn $50. 65h 63
is No. 8 Yellow Corn 49,. 63 GO
40 c+,,dord n,+. oEal %