The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1915-12-19
Late Market Quotations
Long Commission CO. Grain Letter.

lfurnlShed by Long Commission Co.,
4O2h Main. Telephone No. 1901
CHICAGO. Dec. 18.-Wheat-There
has probably never been in the his
tory Of the trade so. much long wheat
sold as has been disposed of in the
last few days. Longs not only took
profits but they freely admit they were
sellers and indicated by their attitude
that they were perfectly willing to
have the market break sharply. At
the close tonight the market Is within
n cent OF the high point on this up
turn, and no signs Of weakness. It
has stood, during the past week an
enormous lot Of selling pressure and
two bear government reports While
1t is not possible to trace the buying
to any one source, long wheat seems to
have gone into strong hands. No Of
ficiaI figures have been given out as
to the amount of damage done during
the last harvest but private advices
are that damage was enormous, and
that large part of that harvested is
unfit for milling purposes. we will
probably have in the near future an
enlarged demand for our surplus and
higher prices seem to be the logical
result.
Corn-The strength in wheat caus-
ed rally in corn from an early break.
and at the close the deferred futures
were higher, while the December was
under pressure from the start and
closed at loss Of " cent. Purchases
to arrive were not liberal. Although
country last night was reported as Of
fering corn freely. farmers are bullish
on this crop and this with the strength
in wheat and the shortage of cars is
preventing a burdensome surplus.
There probably will be some corn
come to market within the next sixty
days but with our wheat strong, the
corn market will probably offer stub
Ibors resistance to any pressure by
bears.
Oats-Sentiment in oats Is bearish.
but despite that. farmers reserves are
larger, the producer is in no great
hurry to sell. The high price Of corn
!; is also resulting in enlarged country
consumption of oats. On its face, the
cat situation is bearish and the stead
i mess in the market more a reflection
of the action Of other grains than an
independent strength.
Provisions were higher and there
was little pressure on the bear side
1T requires persistent pressure to ret
the market down and once that pres
sure Is removed, prices recover very
quickly.
A large run Of hogs is expected Mon
day. $500 with 24o,e0O for next
week and II az expected, 1t will have
"a depressing effect on the product
market. The long side. however
would appear the best attraction.
Wookly Grain Review.
United Press Leased Wire Service. !
CHICAGO, Dec. 18.-The bearish
trend in the wheat market early this
week was lost sight OF when local
shipping difficulties threatened to tie
up many cars OF wheat The market
which began the week slightly under
last Saturdays close, wound up about
four cents above 1t. December wheat
closed at 11TA. as compared with
1873 last Saturday. May closed at
I119A today, gain OF As over last
Saturday.
Bad weather stirred the corn mar
ket to activity early. in the week and
the market closed up from last Satur-
days close. December closed at 69as,
TX points up and May at 1919 also III
up.
May oats closed today at 447s, up
~ from last Saturday. while Decem-
ber was stationary at Az. The mar.
ket was quiet throughout the week.
Provisions were slightly higher at
the close today than at last Saturdays
close.
Chicago EstImates for Monday.
Furnished by Long Commission Co.,
402h Main. Telephone No 1901
Hogs, $4,000; cattle, 10000; sheep,
$4,000; wheat. 17S; corn. 224; oats,
Sc.
Liverpool cioee.
Wheat, unchanged; corn, a up;
oats, none.
CIearances.
Wheat and flour, $4,000; corn. A.
900; oats, 1000.
Northwest Wheat Receipts.
Minneapolis, 67s cars: Duluth, 375
cars: Winnipeg. 1901 cars.