The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1916-01-05
Late Market Quotations
Long Commission Co. Grain Letter.

Long Commission Co. Grain Letter.
CHICAGO, Jan. 5.-In spite Of the
fact that large amount Of wheat was
brought here during December for de-
livery on future contracts, these
stocks have disappeared and this is
especially true of the spring wheat &C.
cumulated here during December, and
it is only reasonable to call attention
again to the consumption during the
first four months of the crop year, Of
over half of the spring wheat crop,
leaving less than half available for the
coming eight months. In spite Of the
heavy profit taking by longs, who
bought on the break, or held through
the breaks. wheat advanced over S
cents in two days from the low prices
OF yesterday. While the advance has
been very rapid, probably a little too
rapid to hold, We believe wheat Is
headed for higher prices than has as
yet been recorded. and on any ma
tertal setbacks, purchases are likely
to prove profitable in the long run.
Corn-The government report, with
out warning, on the condition and
quality OF corn as compared with last
year, was given very bullish recep-
ton by the trade, especially as the
wheat market was inclined to be
strong, and a rally of nearly two
cents resulted. Some local people re-
gard that this brings the amount Of
merchantable corn down to about the
size of the total crop of two years ago,
sixty per cent of the crop is shown as
merchantable corn, but Is only fit to
husk. It must be remembered that q
good deal of this corn arriving at this
market is corn that ordinarily would
be called understandable corn. Nor
must 1t be forgotten that there are
millions more OF this same corn that
will seek a market as soon as the
weather settles to the freezing point
It is co-incident with a more plentiful
car supply. It will be far better for
every one who has any corn to be
moved to move 1t during cold wealth
er for If it does not move until early
spring, there will undoubtedly be 4
material loss.
Oats-Oats were about two cents
above the low prices Of yesterday on
bullishness in wheat and the govern
ment report on corn. It is true that an
immense quantity Of oats will be
used as substitute 70 rcorn in north
ern sections Of the corn belt, and this
may be sufficient to prevent any bur-
densome accommodations at terminals
at any time on the crop.
Grain Review.
UNITED Press Leased Wire Service]
CHICAGO, Jan. 5.-Prediction Of a
cold wave and general com mission
demand, sent July wheat ~ points
above the closing of yesterday. Cold
wave traders predicted, would injure
M Il 1aI
.tecteded by snow. May wheat ad-
vanced cents, ruling at 1881, while
July sold at 1908.
Shorts rushed to cover and the
bulls helped the rush along with pur-
chases to increase their holdings in
corn. May was up at 775s, 2% above
last nights close. and July at 7SA, up
IN
Oats were active and higher, with
other grains. May sold at 45N, IL
higher than yesterday and July up
rs, to 4SsS.
Provisions were dull, but advanced
in price.
Chicago Estimates for Tomorrow.
Furnished by Long Commission Co.,
1929 Main. Telephone No. 1901
Hogs, $4,000; cattle, $500; sheep,
$4,000; wheat, 118; corn, PIP; oats, 176.
Liverpool Close.
Wheat, ~ @2 up; corn, " higher;
oats, none.
CIearances.
Wheat, 1.575,0OO; corn, $4,000: oats.
none.
Northwest Wheat Receipts.
Minneapolis, 376 cars; Duluth. LA
cars; Winnipeg, 497 cars.
Chicago Cash Grain.
CHICAGO, Jan. 5.-Wheat-No. 3
red, s1.275s; No. red. S1.24h Obs:
No. 3 hard, S1.19A01.22; No. 8 spring
s112@1.2e.
Corn-No. yellow, 7OA @71kc:
No. yellow, 66A 96s1kc; No. yell
low. 62A @66Ac; No. white, 691s o.
zoe; No. 5 white 66067c; No. white
64a @66c; No. 4 mixed, 691a; No. 5
mixed, 66& @6S1kc; NO. mixed.
651Ac.
Oats-No. 8 white, 44h@45kc: No.
4 white. 43044hc; standard, 4s14 @
4614c.
Kansas City Cash Grain.
FURNISHED by Long Commission Co,
4021s Main. Telephone No. 1901
KANSAS CITY, Jan. 5.--Wheat-
No. hard, new, s1.1S; No. 3 n.rd,
new, s111@1.17; No. 4 hard, new.
S1.02@1.10; No. 2 red. new, $1.25; No.
red, new, s1.15; No. red new s1.04
@10s
Corn-No. 2, 6s@6ec; No. 8, SIC;
No. 4, 63@65c; No. 2 yellow, $50
691sc; No. white, es1a@6sAc; NJ.
8 white, &c; No. white, CSC.
Oats-No. 2, 10000; No. 3, 500
sec; No. white, As n @44c; No. 8
white, 42k 943c; No. 4 white, 411ac.
ST. Louis Cash Grain.
FURNISHED by Long Commission Co,
4021a Main. Telephone No. 1901
ST. LOUIS. Mo. Jan. 5.-Wheat-
No. 8 red, new, S1.25@1.27.
Corn--No. 2, Tic; No. 3. soc; No.
8 yellow, 6796sc; No. white, 710