The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-07-28
Late Market Quotations
long Commission Co. Grain Letter.

Long Commission Co. Grain Letter.
Furnished by Long Commission Co..
403 Main. Telephone No. 1901
CHICAGO, July The
news from the northwest ..as been
more bullish than usual AMI yet q
feeling exists that the market is due
Tor a sharp break. Local traders
were the best sellers and prices de-
clined to point under last nights
close and some stop loss orders were
apOlls were easier early. but mid
apoiis were easier early, but my mid
day had recovered their losses and
were steadying influence ON our
market. The Modern Miller weekly
report was regarded as bullish. Crop
estimates in the northwest and Cam
ada are being lowered and weather
indications point to still further re.
duction for spring wheat yield. The
buying side on breaks seems decided
ly preferable.
Corn-Corn repeated It's action OF
recent days by opening strong and
then losing ground. by midday the
July, in which there was scattered
liquidation was lower, but other de.
uyeries were shade higher than
last night. Weather conditions keep
unfavorable and are Just now sensa-
tionally bullish. Local traders seem
disposed to buy on breaks of the
weather condition. The cash situa-
ton Is not so acute as it was, farm
ers being more willing to sell at pres
ent levels. Eastern industries buyers
are supplying their needs to some ex-
tent, at least, with Argentine corn.
Oats-While the general expecta-
ton Is for large crop of oats. it
should be remembered that the
weather. which has hurt wheat in the
northwest has doubtless las a SINH
lar effect Of oats. There is a good
deal of pressure on the oats market
because of the expectation of heavy
run Of new oats shortly, but this
pressure is counteracted by buying
by cash interests against export sales
which continue to be on a liberal
scale. Up to noon 100000 bushels
were reported sold to seaboard
Modern Miller says: South Dakota
wheat fields have been heavily dam
aged by rust and heat in the last
three days. Southwestern and south
central North Dakota shows thirty
percent damage and strip through
to the Canadian line is losing sharply
every day. Samples show rust dam
age and chaffy heads. Minnesota has
light rust damage. Kansas farmers
threshing wheat, most of which has
been allowed to remain In the shocks.
Millers are good buyers and there is
an apparent absence OF export accr
mutations.
Grain Review.
CHICAGO. July 2S.-Heavy selling
on realizing by longs counteracted
unfavorable reports on northwest
crops and continued hot weather in
the wheat pit today. The market dis
played reactionary tendency few
minutes after opening and September
dropped cents to 1221s. July was
down B, at 121N; December down
LIZ at 1874. -.
Early gains IN corn on hot weather
reports were offset by poor buying
and prices were down. July was down
A at S3H; September down V at
78A; December down ~ at 6Shs.
Weakness in wheat and corn had q
depressing influence on oats which
opened nervously. July oats were
down AZ at 41%; September down "a
1T 41ss; December down Y at 43k.
Provisions we're quiet and irregular.
Chicago Estimates for Tomorrow.
Furnished by Long Commission Co,
4O3 Main Telephone No. 1901
600: wheat, 12S; corn, 291: oats. go.
Liverpool Close.
Wheat, 1h@3 up; corn. unchanged.
cjsaraneea
Wheat and flour, 1,175,000; corn.
3s1. 600; oats. $4,000.
Northwest Wheat Receipts.
Minneapolis, 200 cars; Duluth. 14S
cars; Winnipeg. e72 cars.
Chicago Cash Grain.
CHICAGO, July 28.-Whcat--No.
red, s1.19@1.26; No. 2 hard $l.22ss
01221s; No. hard, $1.21A.
Corn-No. 2 yellow. S3A 084c; No
2 yellow. s3A @84c; No. yellow, rs
M77Hc: No. Q white, s3A 084Ac:
No. 8 white, s2A 0S3Ac; No. 4 white
7sO80hc; No. white, TIC; No.
white. 73kc; No. 2 mixed, S33sc:
No. 8 mixed, s30s3hc; No. 6 mi1ej,
73Mc.
No. white, 4oh@41c; standard.
41A @423c.
Peoria Grain.
PEORIA, ILL.,, July 28.--Corn--Mar-
ket unchanged. No. white, No. 3
white. 731zc; No. yellow, S3c; NO
2 yellow, 21lQ83c; No. 9 yellow, sS
Os2hc; No. yellow, S1hc: No.
yellow, 78079c; No. 8 mixed S2hci