The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-05-03
Late Market Quotations

Ilena Commission CO., Grain Letter.
Furnished by Long Commission Co.,
40S Main ST. Telephone No. 1901
CHICAGO, May 3.--Wheat-After q
steady start, wheat broke on local sell
ling into stop loss orders. Commission
houses and cash interests absorbed
the greater part of sales. Some OF the
buying was credited against sales to
seaboard of new crop. Wheat damage
report continued to come in from MIS-
souri,. Illinois and Oklahoma. While
the trade in general is not disposed 70
take the reports very seriously, espec-
tally as to Oklahoma regarding insects,
reports assert that green bugs are
making inroads both In wheat and
oats, and that the crop will be mater
tally reduced unless the weather turns
more favorable for their propagation.
The fundamentally bullish factor in
wheat which will finally be demon
,strated in the worlds production will
be this year hardly equal tc worlds
consumption and requirements.
Corn-May corn was supported by
the leading long interests and held
small premium over the deferred fu-
lures. The difference between Sep
! TENDER corn and September oats Is at
tracing sellers In the corn and buy
ers in the oats The cash demand is
reported as dull but fairly liberal
quantities are being loaded out OF
store for shipment to the seaboard.
Kansas City reports good demand
and very little pressure.
Oats-The relative strength In oats
as compared to other grains appears
to be caused from the fact that the
country houses, instead OF selling their
cash oats, when the market was high,
sold the futures. They are therefore
short standard oats and are holding
their lower grade oats, which are
still to be marketed. ske
The action OF the deferred deliver
les will be governed by crop reports
| later on.
Price Current Winter wheat condi-
lions improved last week over the
western and eastern area and larger
crops expected in Kansas, Oklahoma
and Nebraska. In Ohio, Illinois and
Indiana, however, reports indicate de-
lterioration in spring wheat. Seeding
progressing very slowly, except in
South Dakota where seeding and field
work is nearly completed. Seeding In
other places has not made usual pro-
gress
Corn acreage expected to be enlarg-
ed owing to abandoned wheat lands.
Grain Review.
CHICAGO, May Brisk buying
developed firm undertone in the
wheat market today. Prices were a
trifie easier at the opening, but good
support was encountered on the dip
and prices rallied. May wheat was
unchanged at 116; July was up at
1177s; September up II at 1163s.
Corn had a Arm undertone, over
coming a bearish movement at the
start. May corn was up n at TVS:
July UP " at II; September un-
changed at 761s.
Oats was Influenced by the strength
In the other cereals. May oats was
up q at 46s; July up y at n; Sep
TENDER unchanged at 1919.
Provisions weak at the start. rose
as the hog market showed gains at
the close.
Chicago Estimates for Tomorrow.
Furnished by Long Commission Co..
403 Main. Telephone No. 1901
Hogs, 10000; cattle, 1000; sheep.
Wucdl, OF, SOAA, OosS' ~
Liverpool Close. =.
Wheat. unchanged; corn. unchang-
ed. !.
2 CIearances.
Wheat and flour. 1,512,000; corn.
so 900; oats, 47S,0O0.
Northwest Wheat Receipts.
Minneapolis, 161 cars; Duluth, 81
cars; winnipeg. 754 cars.
Chicago Cash Grain.
CHICAGO, May 3.-Wheat-No. 2
red, $1.18A 0122; No. red, $1.15H
@1.19h; No. 2 hard, $1.17A 01.17h;
No. 3 hard, $113A @1.141k.
Corn-No. 2 yellow, 7Sc; No. 3 vel
low, 76@76Ac; No. yellow, 74h@
75c; No 2 white, 77@7sAc; No. 3
white, 76076Ac; No. 4 white, 75kc;
| No. 6 white, 76c: No. 3 mixed, 100
761kc; No. mixed. 73@74c; No.
mixed, zoe.
Oats-No. 3 white, 44A @45Ac; No.
white, 43A @44kc; standard, 4Sc.
Kansas City Cash Grain.
FURNISHED by Long Commission Co,
! 40 MALI. 1elepuuNc ANO. 1VV.J
| KANSAS CITY, May 3.-Wheat-
No. hard, s1.o9@116; No. 8 hard,
s1.Os@114; No. 4 hard, s1.04@1I2;
No. 8 red, s1.0S@1-15; No. red, CSC
| @s1.O6.
Corn-No. 2, 71@71Zc; No. 3. 7oA
| @71Ac; No. 2 yellow, 71h@72A c.:
No. 8 yellow, 72@72Ac; No. white,
72@721sc; No. 8 white, Tx OHIO.
! Corn-No. 2, 40@41c; No. 3, $50
39c; No. 2 white, 431k045c; No.
white, 41043hc.
Peoria Grain.
PEORIA, Ill, May 3.-Corn--Mar-
ket unchanged. No. white, Tic: No.
3 yellow, 75@751sc; No. 4 yellow.
73Ac; No. yellow. 66@69c: No. 3
mixed, 75c; No. A mixed, 73Ac; No.
6 mixed, CSC.
Oats-Market nc higher No. 3
white. 44c; No. 4 white, 431ac.