The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1912-11-10
The MARKETS
The Grain Market.

tUslted Press Leased Wire Service.
CHICAGO, Nov, 9.--Depressing cir,
cumstances prevailed in the wheat
market this week. There were oc.
casfonal reactions. December wheat
showed net loss of u
cent for the week and May was
even with last Saturdays close. To
days covering by shorts who did not
want to leave their risks open over
Sunday brought prices up In both
futures. The likelihood Of delay In
peace negotiations in the Balkans will
influence the market for several
weeks, according to beliefs at this
time. The shadow of the immense
corn crop hung over the market ali
week and declines in prices were the
result. December corn lost one cent
and May was l V cent lower than at
last Saturdays close. The oats mar
ket was weak in the December future
and firm In May. The bidding prices
kept about even throughout the week
Provisions during the week held fair
y strong until today when heavi-
ness was manifested in spite of the
strong grain markets.
The Stock Market.
| United Press Leased Wire Service
| NEW YORK, Nov. S.-In its issue
of Monday, Financial America will
say:
Election over, Wall street was inn
patient to note which way the market
would move, when the political char
acter of the administration in the
next four years was definitely known.
On the day after election the market
started off with strong tone, reflect
/ ing satisfaction in foreign financial
circles over the ascendency of the
democratic party to the control of
the affairs of this nation The doubt
ors believing that the display OF
strength was false start, threw over
some large lines of short stock caus-
ing a sharp recession. The demand
increased, however, coming on large
scale from Europe, and some from
important capitalists in this country
openly appeared on the long side of
the market and apparently We're in
tent on accommodating as much Of their
fayorite issues as it was possible for
!. them to obtain without causing too
much Of an advance. There was some
heavy covering Of shorts as natural
result of this vigorous upward move
ment, which helped along the ad-
vance, and assisted in forcing stocks
to level two to over four points
above the final figures on the Monday
preceding election day.
wall street APPARENTLY believes that
nothing good can come out of MAJ
areth and most of the room traders
based their operations in the last
half of the week on confidence in this
belief With the tariff question agitat
ed, and brokers offices full of tall
}, about restriction of industry it is nat
{ ural that lack of confidence shoult
I he evident in the purely speculative
l circles. Many of the larger interests
3 however, felt perfectly secure owe
5 the stock market situation, and it wal
: these interests that had most to d.
, with the establishment of highe
: prices on Wednesday afternoon afte
: the Wilson statement was published
: 1T is not too much to expect tina
these large moneyed interests, com
r mitted as they are to the bull side
: will be easily able to carry along
|, bull campaign, and force substantial
6 upward movement in the prices of sc
curities in which they are directl,
. concerned
4 Daily Range Of Prices.
J, CHICAGO, Ill.,, Nov. g.
: Open. High. Low. Close