The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-12-21
Late Market Quotations

CHICAGO. Dec. 21.--Wheat-Decid-
Ted weakness developed in wheat as
the result of note from the president
Of the United States to the warning
nations. urging them to state definite
~ peace terms, While moderate re-
action followed reports of good ex-
port demand and an improvement In
bids on the basis of May. the market
showed q heavy tone and, at midday,
was only around the high point of to-
days opening. The market is ex-
extremely cratic, being more influ-
|enced by political news than by sup
ply and demand figures. Primary ar
rivals today were above 100000 bush
els, or two million less than a year
ago. Shipments exceeded receipts.
Regardless of the outcome OF proposed
peace negotiations, the limited worlds
supply and the exceptional demand
which will come, either in case OF
peace or war, warrant investment buy
ing on breaks.
pathy with wheat, but shipping inter-
ssts bought freely on the declines and
the market quickly reacted and held
at midday around last nights closing
prices. The cash situation is tfGAt,
with receipts restricted by car short
age and accommodations insufficient to
cause much pressure.
Oats-Oats We're inclined to follow
the other grain markets, pressure be-
ing largely local and good class OF
buying appearing on an early break.
While the eastern shipping situation
is very bad. receipts show a sharp de-
crease, those at primary points today
being smaller than the shipments.
Purchases made on the drives should
prove profitable.
Grain Review.
UNITED Press Leased Wire Service.l
CHICAGO, Dec. 21.-Wheat broke
|. sharply at opening because Of the
Wilson peace note. but the heavy
drop Of six cents was quickly
checked an in a few minutes
recovery had set in. The gain
was not enough however. to off
set the lower opening. Deem
Der was 14SA at noon. UP u above
the opening today. and Az below
yesterdays close; May was 1853, up 2
terday's~close; July was 1914, UP
11s above today's opening, and Az
below yesterdays close.
Corn recovered after a lower open
ing. December being up 2 above the
opening at co.. May up ~ At 90h;
IJuly up 3A at 1884,.
Oats were higher. December was
up ss at ATS; May up " at 511A;
July up rs at 4sA.
Provisions were steady except pork
which was higher.
|. Chicago Estimates for Tomorrow.
Furnished by Long Commission Co.,
403 Main. Telephone No. 350-351.I
Hogs. $4,000; cattle. $500; sheep.
II 900; wheat, 80; corn. 1879; oats, IS.
Liverpool Close.
I Wheat. unchanged; corn. unchang-
ed, Il lower.
Clearances.
Wheat. and flour, 1890 corn,
1000; oats. 10000.
Northwest Wheat Receipts.
Minneapolis, 103 cars; Duluth. So
cars; Winnipeg, $50 cars.
Chicago Cash Grain.
CHICAGO, Dec. 21.-Corn-No. 2
yellow, 92Q921sc; No.~3 yellow, 1914
@92Ac; No. 4 yellow, sSA@91c: Nd.
5 yellow. $4,000: No. s yellow.
sS1kc;- No. white, s9h@91%c; NJ.
white, 9O@91c; No. s white, 8shc;
No. 2 mixed, 92993c; no 3 mixaI.
s9h @93c; No. !; mixed, s309on.r;
No mixe' ss1adps9c.
Oats-No. ) white, 49kQ50Ac; No.
white. 49A 9491Ac; standard, son
oslo.
St. Louis Cash Grain.
Furnished by Long Commission Col
ST. LOUIS, Mo-, Dec. 21.--Wheat--
No. red, new, s1.70; No. 3 red. new.
$1.63A @1.67; No. 2 hard, old, $3.50.
Corn--No. 2. Gle; No. 3. s91s 990c:
No. yellow, S9k690c; No. 2 white,
Gle; No. white, GOO.
Oats-No. 2. sic; No. 3. soc; stand
ard, SIC; No. white, .511kc: M. 4
white, SOC.
Kansas City Cash Grain.
Furnished by eng Commission Gu
KANSAS CITY, Dec. 21.-Wheat-
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