The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-05-23
Late Market Quotations
Long Commission Co. Grain Letter.
Furnished by Long Commission Co.
403 Main ST Phona no

fUS Mdlu SL. FQOn0 lUO.
CHICAGO, May 23.-Wheat-A fur
Their decline to new low levels on the
present break. resulting from an ac-
emulation of stop loss orders over
night. There was better demand
for cash wheat and this with a bull
ish crop from Oklahoma and Kansas
led to large volume of covering by
shorts which resulted in sharp rally.
The May failed to advanced as fast
as the deferred futures, which at
noon was about unchanged from last
nights close. Receipts Of wheat In
all markets indicate the farmers arc
not especially uneasy over the crop
outlook, and are selling their old
wheat. Some further rally should
naturally come after the long decline.
Corn-Corn started weak, but
those who believe in lower prices
were too bearish in their views on the
selling side and when they started to
cover a few short sales, higher mar
kets resulted. BY midday, prices
We're above those of last night. The
Argentine exportable surplus is esti-
mated at from Gghty-five to ninety
million bushels and the quality is
said to be good The weather is more
favorable for planting and for the
growing Of the new crop.
Oats-Oats were not as weak as
other grains on the opening, probably
because the Kansas crop report
claimed severe damage by insects
and was regarded by the trade as
bullish. Stocks in the country are
still heavy. Don't think 1t would pay
to buy oats on the bulges.
Grain Review.
CHICAGO, May 2S.-Wheat had
sharp recovery today from early de-
clines when pit traders bought freely
at the opening. May broke sharply
at the start but recovered little on
buying by spectators. May wheat
was up q at 1865; July up "a at
1851 and September up u at 1oS7s.
Corn was in great demand after
low opening. Gains in wheat strength
ened the market and made 1t firmer.
May corn was up Is at 721s: July up
Is at 71x and September up 70 at
69B.
Oats were practically unchanged;
July showed decline of lis at 4014;
May and September sold at 42A and
3Sss respectively.
Provisions had a weak undertone
on low hog market and early de-
cline in grains.
Chicago Estimates for Tomorrow.
FURNISHED by Long Commission Co.,
403 Main. Telephone No. 1901
Hogs, $4,000; cattle, 5000; sheep,
Is, 900; wheat, 1O6; corn. 50; oats, 26S.
Liverpool Close.
Wheat, los lower; corn, unchang-
ed to n lower.
clearances.
Wheat and flour, $50, 600; corn, H.
900; oats, 464 900.
Northwest Wheat Receipts.
Minneapolis. 231 cars; Duluth, 81
cars; Winnipeg, 1927 cars.
Chicago Cash Grain.
CHICAGO. May 23.-Wheat-Nt. 3
red, $1.O0@1.05; No. 2 hard, $1.G6h
@1O9ss; No. hard, s1.040l061A.
Corn-No. 2 yellow. 72AQ73hc;
No. yellow, 71h972c: Nd. yellow,
Tic; No. 6 yellow, CSC; No. white,
1874 @735sc; No. 3 white, 71@72c;
No. mixed, 72A @72Ac; No. 8 mixed
TIC.
Oats-No. 8 white, 4oh Q41Ac; No.
white, 3Sc; standard. 43043Mc.
Kansas City Cash Grain.
Furnished by Long Commission Co.,
4O3 Main Telephone M. 1901
KANSAS. CITY, May 23.-Wheat-
No. 2 hard, s103@1.O6; No. 3 hard,
s8c9s1O4; No. hard, 91@97c; No.
2 red, s1.03@11O; No. 8 red, 99cQ
s1.O1; No. red. 93@98c.
Corn-No. 2, $50 sec; No. 8, 6Sc;
No. 2 yellow, 69@70c; No. yellow.
69@6sAc; No. 2 white, 69@69hc; No.
8 white, 6s1a @69c.
Oats-No. 2, 3S940c; No. 8, $50
soc; No white, 44@45c; No. 3
white, 421sc.
Peoria Grain.
PEORIA, ILL.,, May 23.-Corn-Mar.
ket 101Ac lower. No. white, 701ac;
No yellow, 72c; No. yellow, III
@71Ac: No. yellow, 70Ac; No. 6
yellow, csc; No. 3 mixed. 71Ac; No.
6 mixed, Csc.
oats-Market Nc lower. No.
white, 4Oc; No. white, 391sc.
Omaha Butter.
OMAHA, Nebr., May 23.-Butter,
29G31 cents.
st. Louis Cash Grain.
Furnished by Long Commission Co.,
4o3 Main Telephone No. 1901
ST. LOUIS, Mo-, May 23.-Wheat-I
No. red, new, s1.1091.13A; No. 8
red, new, s1.0S.
Corn-No. 2. 72972hc; No. 8, 72c;
No yellow, 72kc; No. 2 white, 1914
@741sc; No. white, 721ac.
Oats-No. 2, 40@42kc; No. 5, $50
391sc; No 3 white, 401a 941hc; No.
white, 39Q40c.
Rye, Barley and Seed.
CHICAGO, May 22-Rye-No. 2,
9SG99c
Barley-62d7
Timothy-s6.0096. $50.