The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-10-31
Late Market Quotations
Long Commission co; Grain Letter:

II IA A1SliCu LSti6o SoAAAAAAASoN
4O3 Main st. Telephone No. 1901
CHICAGO, Oct. 31.-Wheat-Inabil-
ity to fully insure wheat at these
prices has caused holders of stored
wheat to change over their hedges
from December to May, when it could
be done at good advantage today.
Seeing these operations, local traders
followed the lead of cash interests
and, at one time, the May narrowed
to about three cents under December.
There was evidence of buying by the
foreigners and export interests of The
December delivery and, around mid
day the undertone to the market was
firm at fair discounts under last
nights close. The encouraging fea'
ture to the bull was better inquiry for
old wheat, both from millers and ex-
porters. The course Of the market
will depend largely upon export TAX
ings, as the trade in general is dis
posed to go slow around these levels.
Corn-Corn was under pressure
from local bears, but there was buying
of good character on the decline ana
the action of the market was disap-
pointing to a majority of the local
traders. Export business in corn ap-
pears every time the market is de-
pressed. Anticipation of heavy run
Of new corn will probably reduce val
ues somewhat in the next sixty days,
but it does no9seem advisable to press
the selling side now on breaks.
Oats-Another big increase in the
visible supply of oats last week and
the building up Of large lines OF
futures by outside SPECTATORS has
given the market a rather heavy tone.
The position is not strong enough to
warrant investment: around these
levels, but the market is big enough
to warrant trading operations from
day to day.
Grain Review
limited Press Leased Wire Service.]
CHICAGO, Oct. 31-Wheat receiv-
ed a moderate setback today on a
nervous market. Quite general sell
ing was induced by the unfavorable
developments growing out of the new
submarine attacks. At the opening
today December showed a decline OF
rs and May dropped w from yes
terday's close. July down Il. De-
cember was down u at noon over to-
days opening at 1881; May down Il
at 1854; July down II at 148A.
Corn opened at the same prices as
yesterdays close and on fair selling
weakened. December was down rs
at S6T; May unchanged at $50.
Oats opened steady but general
selling caused a moderate decline,
December being down rs at 154A;
May down II at STA.
Provisions were steady with a
downward tendency.
Chicago Estimates for Tomorrow.
FURNISHED by Long Commission Co.,
4O3 Main. Telephone No. 1901
Hogs, $4,000; cattle, $4,000; sheep,
q 600; wheat, "a; corn, 124; oats,
235.
Liverpool Close.
Wheat, / up to / lower; corn, III
up.
cIearances.
Wheat and flour, 1,12SsOO0; corn,
5000; oats, $4,000.
Northwest Wheat Receipts.
Minneapolis, 463 cars; Duluth, $50
cars; Winnipeg, 1,101 cars.
Chicago Cash Grain.
CHICAGO, Oct. 31.-Wheat-No. 2
red, 1851; No. 3 red. $1.75@1.81;
No. 2 hard, s1.s9A 01.90; No. 3 hard,
SLIT; No. 3 spring, new, $1.74.
Corn-No. yellow. $1.07@1.09;
No. 3 yellow. $1O6@1.0s; No. 6 vel
low, No. 6 mixed, $1.o4; No. white,
s1.06@107; No. 8 white. No. 3 mixed.
s1.05; No. 4 white, No. mixed,
s1.O41k; No. white, No. mixed,
s1.06.
Oats-No. 8 white, 521k@531sc; No.
4 white, 52@521hc; standard, 1914 q
sac.
Peoria Grain.
PEORIA, ILL.,, Oct. 31.-Corn-Mar-
ket 1c lower. No. white, No. 2 vel
low, s1.O9; No. 3 white, No. 3 vel
low, No. 3 mixed, s1.0S1s; No. 2 vel
low, s1.06: No. mixed, s1.0S; No. 4
mixed, new, s1.05; No. mixed, $1.01.
Oats-Market %@1c lower. No.
white, SIC; No. white, Size.
St. Louis Cash Grain.
Furnished by Long Commission Co,
40s Main. Telephone No. 1901
ST. LOUIS, Mo-. Oct. 31.-Wheat-