The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-11-15
Late Market Quotations
Long Commission co. Grain Letter.
FURNISHED by Long Commission Co.
4O3 Main atreet

j
CHICAGO, Nov. 15.-Should an EN-.
barge be placed on wheat when we
have exported as much az we can
reasonably spare. what assurance
shall we have that the producer will
be willing to market the balance OF
his crop as needed for domestic con
sumption? The general government
can, undoubtedly by special legfsla-
ton. prohibit exports, but no power
exists in either any state or In the ma
ton that can compel the producer to
market his crop at any particular
time. The amount Of wheat now NOV
ing from the farm is comparatively
small, although good reserves re-
main in producers hands. The indie
pendence Of the western farmer, as
the result OF high prices since the war
started, has been shown to be politi-
cal factor and will be demonstrated
as a big market factor after we have
exported to Europe such wheat as we
can spare. Material swings In the
market at this level are to be ea-
pected. and they may not take the
same direction as indicated by the
news from day to day.
Corn-When corn prices are very
high, the producer Is inclined to be
very independent as long as the mar
ket continues to advance: but when a
declining tendency Is shown, offerings
become much more free. This was
demonstrated today In far more gener-
al and liberal offerings Of corn to ar
rive than have been Witnessed at any
time while the market was advancing.
Corn can have a very substantial de-
cline and still give producers in the
surplus states better prices for the
new corn than they have ever re.
ceived at this time OF the year. We
consequently look for a movement
during the next three months limited
only by the available car supply, and
expect this movement to continue re-
CARELESS of any decline In prices
which Is likely during that time.
Oats-With wheat high and corn.
for the moment scarce, grain handlers
with good storage capacity are de-
pending upon good carrying charge
in oats to pay their hxed charges. At
a difference of 4 cents per bushel
between December and May oats. at
least those not in a position to del1v-
er oats on December contracts, will
be inclined to change their hedges to
the May delivery, particularly as
longs In December oats have been dis
posed gradually to reduce their hold
ings and await good opportunity to
reinvest for May delivery. The declin-
ing tendency In corn may. during the
next few weeks, give such investors
an opportunity to buy oats at prices
which are likely to look cheap when
the spring develops the fact that re-
serves are small compared with the
size of the 1916 crop added to the
carry-over from the 1915 crop.
Grain Review.
limited Press Leased Wire Service.l
CHICAGO, Nov. 15.-Wheat opened
sharply higher today on rush to
buy. Offerings were light at hrst,
but later selling became general and
reaction followed. December was
down below today's opening ~ at
1855; May down 21s at 1879; July
down IL ct 1874
Corn also opened higher. due to
news of bad weather in Argentine.
but realizing later caused a decline.
December was down TX at 95; May
down rs at 96a.
Oats were steady. December was
down n at 57as; May down u at
61M.
Provisions were steady with a
downward tendency.
Chicago Estimates for Tomorrow.
furnished by Long Commission Co.,
4O3 Main. Telephone No. 350351.l
Hogs, $1,000; cattle. 1000; sheep.
4 rla~~
Wheat. 2z03 up; corn, unchanged,
CIearanees.
Wheat and flour, 954 900; corn, L.
900; oats, $4,000.
Northwest Wheat Receipts.
Minneapolis. 246 cars; Duluth, 1873
cars; Winnipeg. S14 cars.
Chicago Cash Grain.
CHICAGO, Nov. 16.-Wheat-No 2
red. 1891: No. 3 red, 31.77h@1.82;
No. 2 hard, s1.ssh01.Ss%.
Corn--No. yellow. 31.05h01.07:
No. 8 yellow. $1.02@1.04h; No. 4 gel
low. S1.oo@1.olA: No. 8 yellow, &c:
No. 2 white. s1.o2@1o3h: No. 3
white. S1.ol; No. 2 mixed. $1.04; No.
q lulASup $4.VSVA.VOAs &NO MlAcOs
81 No. 8 mixed, $3.50.
Oats-No. 8 white, 56h 057c; No.
4 white. 56h@56xc: standard, STU
@58c.
Kansas City Cash Grain.
Furnished by Long Commission Co.
KANSAS CITY, Nov. 15.-Wheat-
No. 2 hard, new. S1.86@190; No.
hard. new, $1.s201Ss; No. 4 hard,
new, S1.81@1.s6; No. 2 red. new,
$1.84@Iss: NO. 8 red, new, $1.ac:
No. red, new, $1.72@184.
Corn-No. 2, 9109Sc; No. 3, $50
97hc; No. 2 yellow, CSC; No. 3 vel
low, 96h09sc; No. 2 white, $1,000
1901; No. 3 white. CSC; No. white,
Mrs. Aiken will be remembered as