The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1916-02-25
Late Market Quotations
Long Commission Co. Grain Letter.
FURNISHED by Long Commission Co.
403 Main. TELEPHONE No. 1901

Long Commission Co. Grain Letter.
| Furnished by Long Commission Co.,
403 Main. Telephone No. 1901
! CHICAGO, Feb. 25.-Wheat.-The
wheat market was erratic, opening
higher and on further liquidation sell
ing back to new low levels on the
present down turn. BY noon prices
had rallied to near the close last
night. Heavy buying by shorts and
by cash interests had a tendency to
| steady prices, but holders were nerv-
GUS and sold on every break. The
cash wheat market was unsettled
with the irregularity in the futures.
The clearances were very large, but
no new business was reported. Re-
ports of damage from winter killing
were numerous, many complaints
being received by trade papers and
local experts. Large and small hold
ers have been dislodged by the severe
decline. The market has given good
account Of itself today, considering
the pressure that mas been placed
upon it.
Corn-Corn was steady and showed
a firm undertone. Leading longs
added to their lines and the cash in
terests also bought considerable corn.
The cash markets did not encourage
bear operations. Receipts were not
grades of corn sold during the morn
ing from one to three cents higher
than yesterdays average. Indications
are for a steady but moderate run
of corn for week or ten days longer.
Conservative traders are disposed to
operate in corn as long as wheat huc-
tatiOns are so wide.
Oats-The steadiness Of corn and
an improved domestic cash demands
for oats, rallied that market from an
early break. Commission houses and
cash bought in fairly liberal quaint
ties and most of Lae pressure came
from local traders, who are generally
bearish.
The Modern Miller says: Regard
less that the entire winter wheat belt
seems to be covered with snow, re-
ports are coming in from all over of
considerable damage. In Texas the
crop has suffered heavy damage from
green bugs and winter kill. Under
favorable weather conditions it will
probably produce half a crop. Along
the Illinois and Ohio rivers large in
undated areas are in doubt Unfavor-
able reports are coming from south
ern Kansas, southern Illinois and
southern Indiana. It is too early to
forecast accurately north Of this line.
Grain Review.
UNITED Press Leased Wire Service1
CHICAGO, Feb. 25.-The longs
dumped so much wheat into fluctuat.
ing market today that prices continued
to tumble to new low levels for the
crops. May, opening at 11s, half up
from last nights close, sold up to 119
in brief period of heavy buying, but
attempts at profit realizing shot the
market down to 117H. a loss of 11s
and more than a seven cent loss since
yesterday morning. July opened high
er at rs, fluctuated with May and
dropped later to 113A.
A firm undertone early in corn, gave
way to the sway OF wheat trades. May
lost H. July lost H..
Oats shared in the slumpfng, May
ruling at 44A and July at 423s.
Bears worked the provision market
down after a steady opening.
Chicago Estimates for Tomorrow.
Furnished by Long Commission Co.,
4OS Main. Telephone No. 1901
Hogs. 10000: cattle, 200; sheep. g.
900; wheat. 2G6; corn, $50: oats, ZIG.
Liverpool Close.
Wheat, 1631s lower; corn, unchans-
ed to u higher
Wheat and -four, s,7ss,ooo corn,
$4,000. -a.. GUS
Northwest Wheat Receipts.
Minneapolis, 466 cars: Duluth So
Chicago Cash Grain.
CHICAGO, Feb. 25.--Wheat--No. 2
red, s1.17A @1.181a: No. red. $1.15
@1.16k; No. 2 hard, S1.17D118; No.
hard, $1.1o911s: No. 3 spring,
s1Os.
Corn-No. yellow. 77Ac: No. 8
yellow, 72A @741ac; No. 4 yellow, II
@711sc: No. yellow. 65@69kc; No.
| 6 yellow, 60@65c: No. 3 white, 1870
73Ac; No. white. 71@71hc; No. 5
white, 60967c; No. white, 60@63c;
No. 3 mixed, 7511c; No. 3 mixed, 10
@74c; No. mixed, 7o071hc; No.
Oats-No. 8 white, 421a @43c; No.
4 white, 41@42c; standard, 44444Ac.
Kansas City Cash Grain.
KANSAS CITY, Feb. 26.-Wheat-
No hard, SLIP; No. 2 red, SLIP:
No 3 red. $1.0s: No. red. 5000
i103
Corn-No. 2, e91ac; No. 3, es1s@
6s1ac; No. 4, 631a@64c; No. yellow,
TIC; No. yellow, 69A @70c; No. 2
white, zoe: No. white, 68@6Sac.
Oats-No. 2, 44@4oc: No. 3. 42@
44c: No. 2 white. 47@4Sc; No. 3 white
44945c.
Peoria Grain.
PEORIA, La, Feb. 25.-Corn-Mar-
ket unchanged. 1c lower. No. white
651sc; No. yellow, 6596olhc; No
yellow, 60@62c; NO. 5 mixed, 651ac;
NO. 6 mixed, 60@601Sc.