The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1916-02-21
Late Market Quotations
Long Commission Co. Grain Letter.
[ Furnished by Long Commission Co.,
4O3 Main TaiSDhone M 100

Long Commission Co. Grain Letter.
| Furnished by Long Commission Co.,
403 Main. Telephone No. 1901
CHICAGO. Feb. 21.-Wheat-Lib-
eral receipts and the prospects Of
spring like weather created very
bearish feeling locally in wheat and
the market sold back into new low
figures. encountering numerous stop
loss orders. BY midday, prices for
the May delivery were near the low
point, while the July had rallied mod
erately. The buying of July and the
selling of May deliveries in locals
hands caused the narrowest spread
Of the options. The absorption Of
wheat on the break was good by COM
mission houses and cash interests. At
this stage the local bears seemed to
be the best sellers. TRANSPORTATION
is stiil a problem, especially as 1t re-
lates to ocean tonnage. Europe de-
mands are urgent and North America
is favored above all other exporting
countries by its geographical location.
Corn-Corn opened sharply lower.
after that the range was narrow, and
market showed a remarkable steady
tone. Demand in the local sample
market broadened materially with the
arrival of a number of outside buy
ers who were competing with the
local elevator and industries inter-
ests. The visible supply of the week
increased over two ml.lion and the
prospect is for continued liberal
run of low grade stuff. This will tend
to check bulges for a week or ten
days longer, but there is notable in
crease in the general demand at pres
ent prices.
Oats-Considering the poor demand
for cash oats and the weakness OF
other grains. oats were steady early
and were helped in the latter part Of
the session by rally in other grains.
Reports Of seeding in Texas and
the south and ample reserves were
bearish factors.
Grain Review.
limited Press Leased Wire Servicel
CHICAGO, Feb. Blower cables,
big receipts and favorable weather,
were big bear factors in the wheat pit
today. May down ~ at the start,
dropped 19s more to 124ss. July,
which opened at 1219s, point down,
a further loss Of X.
Corn had a weak undertone, with
the situation in this market, practical
ly the same as in the wheat pit. May
ruled at 1878, Is down from low
opening and July at 76A, n down
from the start
Oats suffered moderate losses. May
% to 1875 and July Is to 44ss
Provisions were dull, but firm.
Chicago Estimates for Tomorrow.
Furnished by Long Commission Co.,
400 Main. Telephone No. 1901
Hogs, $4,000; cattle, 5000; sheep,
10000; wheat. $50; corn, ST.; oats.
1876.
Liverpool Close.
Wheat, u lower; corn, 1d1h up.
Clearances.
Wheat and flour. 1,41S.o0o; corn,
lS5, 900; oats, 321 900.
Northwest Wheat Receipts.
Minneapolis, 262 cars; Duluth, 40
Chicago Cash Grain.
CHICAGO, Feb. 21.-Wheat-No. 2
red, s1.25@1.27as; No. 3 red, $1,000
l22: No. nard, $1.23ss @1.26; No. 8
hard. s1.16B @1.2115; No. 8 spring.
s121A @1.25A.
SOTn-1NO. . yellOW, Io12C, 4SO =
yellow, 6S@71Ac; No. yellow, 57@ |
roc; No. yellow, 52@581ac; No. 3 |
white, 72@72Rc; No. 4 white, 100 |
7Okc; No white, b4@67c; No. 6 |
white. 52@5Sc: No. mixed, ITO |
72c; No mixed 66@70hc; No. 5 |
mixed, 60@6sc;~ No. mixed, SEQ
SOC.
Oats-No. 8 white, 41a@45Ac;
No. 4 white, 43@44Ac; standard.
10 @47Ac.
Kansas City Cash Grain. |
Furnished by Long Commission Co., !
403 Main. Telephone No. 1901
KANSAS CITY, Feb. 21.-Wheat-i
No. 2 hard, sl.16; No. 3 hard. S1.13w
is; No. 4 hard, $l.04@1.07; No. 2
ed, sI.1S; No. 8 red, YI.10W1.1s; No
/ red, s1.04@1.09. |
Corn-No. 2, 69@e91ac; No. 8. 661s
Q67c; No. 4, 64c; NO. 2 yellow. Tic:
10. yellow, zoe; No. 2 white, 691s !
D roc; No. white, 6714c; No white
;41ac.
Oats-No. 2. 45@46c; No. 3, 429
L4c; No. white, 4S049c; No.
White, 45h@46hc.
St. Louis Cash Grain.
Furnished by Long Commission Co.,
403 Main. Telephone No. 1901
ST. LOUIS, Mo-, Feb. 21.-Wheat-
70. red, new. s1.26@12S; No.
ed. new, s1.176125.