The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-05-18
Late Market Quotations

Long Commission Co., Grain Letter.
Furnished by Long Commission Co.,
403 Main. Telephone No. 1901
CHICAGO. May 1S.-Wheat-The
failure OF wheat to respond to bullish
crop advices has discouraged the 10.
cal holders, who have been sellers OF
wheat yesterday and today. Many
who have been bullish are now bear
ish and short and pressing the selling
vigorously. Indications of a large
carry-over are having more effect on
the trade than the possibility Of a
short crop. Since the decline started
export business has enlarged and
there was considerable buying today
by the same interests. The complete
reverse which has taken place in To-
cal trade sentiment will probably re-
suit In somewhat lower prices for
awhile, but eventually our surplus
from both old and new crop will be
taken care OF at higher values.
Corn-Corn was firm and slightly
higher during early trading, but was
nnally affected by weakness in wheat
and lost about Il cent from the early
west are said to be larger, but indus
trial and export demand seems to be
steadily increasing. Crop prospects
are excellent and will probably be too
much OF load for further sustained
rallies.
Oats-There was good demand
early for July oats from brokers
thought to be acting for cash inter-
ests May turned weak under scat
tered selling by longs and stop loss
orders were encountered in all de-
liveries. A fair volume of export
business was reported on the decline.
Grain Review.
CHICAGO, May 18.-Dxcellent crop
conditions and a rush to unload by
buyers was responsible for the drop
in wheat prices today. Lower cables
and weak outside markets helped to
influence the decline. May wheat
was down ~ at 1144s; July down LIZ
at 1855; Sept. down n at 1873.
Corn was unsteady, firm at opening.
weakening under the Influence of the
drop in wheat. May corn was down
rs at 75A: July down II at 74A ;
September down 20 at 1915.
Oats were down because of slow
trading. May oats were off " at
455s; July down u at 42A; Septem.
Der down rs at 39al.
A strong hog market influenced a
rise in provisions.
Chicago Estimates for Tomorrow.
Furnished by Long Commission Co.,
403 Main. Telephone No. 1901
Hogs. 10000; cattle. 1,0O0;, sheep.
1000; wheat, 50; corn, 100; oats, 352.
Liverpool Close.
Wheat, unchanged to n higher;
corn, unchanged.
Northwest Wheat Receipts.
Minneapolis, 2o6 cars; Duluth, %
cars; Winnipeg, 331 cars.
Chicago Cash Grain.
CHICAGO, May 1S.-Wheat-No. 8
red. s1.11@1.12; No. hard, $1141s %
1.165s; No. 3 hard, s1.041z9 112.
Corn-No. 2 yellow. 76@76Ac; No.
3 yellow. 740751ac: No. 4 yellow,
724c; No: white. 76@76Ac; No. 8
white, TAX @75c; No. mixed. 1885 q
Oats-No. 3 white, 43@ 45c; No.
"nA'e' "a ~ " 1oS' o' 7pTs w
47Ac.
Kansas City Cash Grain.
FURNISHED by Long Commission Co.,
403 Main. Telephone No. 1901
KANSAS CITY. May 18.-Wheat-
NO 2 hard, s1.Os@1.15; No. 8 hard,
s1.06@1.14; No. hard. $1.02@1.06;
No. 2 red, $1.o7@1.fS: No. 3 red, s1.03
Oil; No 4 red, 95c@$1.O3.
Corn-No. 2, 70A @7Ozc; No. 3,
69A @70c; No. 4. SOC; No. 2 yellow.
73c; No. yellow, 72A @72kc; No.
white. 71@7111c.
Oats-No. 2, 4o@4zc; No. 8, 500
Ale; No. 2 white, 46@47c; No. white
45c.
st. Louis Cash Grain.
Furnished by Long Commission Co,
4O3 Main. Telephone No. 1901
ST. LOUIS, Mo-, May 18.-Wheat-
No. 2 red, new, S1.16@122; No. 8 red,
new. $1.15@1.16.
Corn-No. 2, 75c; No. 3. 74c: No 8
yellow. TAX @75c; No. 2 white, 75ke:
No. 3 white, 74kc.
Oats-No. 2, Acc; No. 8, 42hc: No.
3 white. 43A9441ac: No. 4 white, AZ
@42hc.
Rye, Barley and Seed.
CHICAGO, May 17.-Rye No. 2,
nominal; No. 3 961sc.
Barley-61@ SOC.
Timothy-$5. 506 500.
Gover-37.50@15.0o