The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1915-01-28

~, CACau0ly 0Ao ~ - n VOOSs
dairy tubs. 23@32c; imitation cream
cry frsts, 24@25hos
Egg market unsettled, weak. Re
ceipts. 9,776; nearby white fancy, SO
@37c; nearby mixed fancy, 32@3sc;
fresh. 32@34c.
New York Money Market.
NEW york, Jan. .2s.-Money on
call, liz percent.
six months. 1854 percent.
Mercantile paper, percent.
Bar silver London, 22%d.
Bar silver New York, 4s%c.
Demand sterling. $4.S4.
St. Louis Hay.
ST. LOUIS, Mo, Jan. 27-The
hay market continues quiet and
weak; clover scarce. Timothy-No. 1
$17.O0@1s.00; No. 2, 314.0001e.00.
Glover mixed-No. 1. $16.00017.60;
No. 2. 1$14.5O@15.5O. Alfalfa-No. /,
$17.50@1s.0O; No. 2, $13.60@15.00.
Live Stock Market,
CHICAGO, Jar, 28.-Today. the
live stock market had steadied some
what from the effects Of the foot and
mouth quarantine and there was some
recovery over the low prices OF yester-
day. The hog market closed slow,
but maintained the early advance.
The cattle market closed strong. with
5000 as the top. The sheep market
was strong, late receipts raising the
total to 1000.
Steel Stock Drops.
NEW YORK, Jan. 2S.-United
States Steel common today dropped
1--WE points at the opening Of the stock
market, selling at 43. the new mini.
mum price. Nineteen hundred shares
sold at this figure. The board of gov
errors of the exchange had lowered
the minimum price from 4S to 43. due
to the passing of the dividend on the
common stock.
Other stocks were generally q tribe
Off at the opening. Union Pacific sold
at 119. on H. Steel preferred was on
y at 1929. ~ +
Steel sold regularly at the minimum
Of 43. and finally ground noon was
offered at that figure with no purchas-
ers. 1t was believed 81 brokers' that
the minimum would have to be furth-
er reduced. The steel situation SEEM
ed to check again. advancing markets.
Horse and Mule Market.
ST. LOUIS, Jan. .27.-Horses-
There was fair attendance OF pur-
chasers from the southern states.
They were calling for their usual
types of small animals While prices
were low as compared with previous
seasons, the outlet for the material
was an added help to the market.
Eastern states took liberal offerings
and the market was on fairly good
basis. Prices on all classes were only
fair, but shippers can find sale on
the market for their supplies IL they
buy right in the country.
Demand for horses to- be used by
the warning nation of Europe was
strong. Heavy supplies we're shipped
and they are continuing to buy as
freely as they have been. Prices range
from $125 to $3.50.
Mules-There were many buyers
on the market looking for quality, but
this was essential, as buyers would
not look at anything that did not have
the qualifications yof being the very
best. While they were mighty partic-
ular about the quality Of the Offering.
they we're not nearly sc, about putting
on little in price. Shippers should
get their mules In the country with
this one view In mind. and buy them
cheap, with plenty Of quality. Cotton
mules are the most desirable sellers,
but the fact is that most any class
mule that will come up to require.
ments in duality will meet sale.
Wheat up Again.
UNITED Press Leased Wire Service. ]
CHICAGO, Jan. 2S.-The highest
wheat prices. with four exceptions,
since the civil war were reached in
the local pit today when options on
May deliveries sold for s1.503s Ger
bushe1. During the war Of 81 wheat
was around SO per bushel. In 1898
during the famous Letter corner, 1t
sold at $1.s5. When James A. Patten
engineered his corner in 1909, wheat
scared 20 $3.50 per bushel Wheat
sold at $I.85 in 1876 and at $500 in
1883 during the corner engineered by
B. P. Hutchinson, known as "Old
Hutch.'
Number two rec and NUMBER ,wo
hard wheat we're right UP with wheat
futures, both reaching $1.5OA. Oper-
ators pointed to this fact as sig
nifcant as indicating that high prices
were not at least chiefly caused by
speculation, as during the Letter and
Patten corners.
Today's prices were the highest re-
corded since the civil war on the local
board of trade when legitimate sup
ply and demand largely governed the
conditions, said pit leaders.
The rise to today's high mark has
been gradual. but steady since the
declaration of war. May wheat was
selling at S41s cents on July IA, 1914
Within a short period the price went
ito s1.32. This was in September
Then came sharp reaction, the mar
ket going back to $1.11K when opera
tors began to believe thew had become
too greatly excited over the outlook.