The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1915-10-24
LATEST MARKET QUOTATIONS
Market Report Over Gate CITY
' Leased
Grain Review.

limited Press Leased Wire Strv1cel
CHICAGO, Oct 23.-Despite bullish-
ness in Liverpool, the bears had ey-
erything their way in the local pit
during the week closed today.
Sellers always were in the major
ity as result Of enormous receipts
and the finest week of weather OF the
present season.
Price declines on some days were
rather sharp, but the weeks decline
as a whole was gradual. Prices today
closed 1913 and points lower than
the close week ago.
The downward wheat trend was
chiefly responsible for the weakness
of corn throughout the week The
fine weather also had it's effect.
These conditions more than upset
the promise of tying up OF Balkan
grain through Developments IN the
near east Prices today were lower
by 31s and 2A than at last Saturdays
close.
strong and steady demand in
oats kept prices for that grain from
feeling too strongly the effect OF
weakness in wheat and corn. Prices
at today's close were down 2A and
IL compared with the close q week
ago.
Provisions were sharply lower
throughout the week. There was lit
tie activity and sellers always were
in the majority.
LAmson Bros. Daily Market Letter.
Wheat-selling by the people who
became enthusiastically bullfsh last
week was prominent feature of the
To-
Of wheat purchased in September for
export when prices were considerably
higher was turned back. Fresh pur-
chases in good volume are quite likely
to be made at the present level and
below, and we do not think 1t advfs-
able to press the selling side at this
radical decline, even though the re-
ceipts in the northwest continue as
heavy as at present. Conceding that
the northwest has an immense crop,
it is easy to figure scarcity of wheat,
should the movement keep up for any
length Of time. We suggest covering
short wheat and watching for good in.
vestment opportunity. especially in
May
Corn-Until today corn has been
given good support In order to hold
prices, while immense quantities Of
wheat has been pressed for sale. Such
support was withdrawn in the later
part Of today's session and Monday
will see further weakness in
the market More corn was offered
from the country and receipts next
week are likely to increase. This in
the entire absence of shipping de-
but care should be used not
to press the short side too much on
breaks at this season Of the year.
Stocks of corn and the movement
from first hands are not yet liberal,
or such as to bring such lower prices
as should come when producers begin
to freely market their soft corn.
Oats-The movement of oats which
was sold by producers on the recent
Is charging and more oats
will be moved in the near future. The
large movement of northwest oats
which are of good quality, has given
buyers a chance to express their pref
erence for them to the disadvantage
Of this market. MANY eastern buyers
who have oats bought for serial Ship |
ment are slow In giving shipping d.
rections. We do not feel like express.
ing an opinion as to the outcome Of
this market. having been friendly to-
ward oats at the present level of /
prices.
Provisions-The market opened
steady on little scattered buying Of
January lard. Commission houses
sold pork while the packers sold ribs. |
Volume Of business was very small. |!
the market having an uncertain tone. !
but support from packers later pre- |
vented any marked losses. Cash trade I
for the week was very liberal.
New York Stocks-Close.
A. r. e. S. F. ..................1 06A !
ANN Smelter Observation-Disclosures. 923s I
Am T. T. ............... .124k
3. & o. 80