The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-08-23
Late Market Quotations
Long Commission CO. Grain Letter.

Long Commission co. Grain Letter.
Furnished by Long Commission Co.,
4O3 Main st. Telephone No. 1901
CHICAGO, Aug. 23.-Wheat -
Wheat was strong under the influence
OF recent big export sales and more
definite confirmation of the outlook
for short crop in Canada. The prin-
cipal trouble with the wheat market
is the price, which appears high to
traders who have not been in the mar
ket and to those who have contended
from the start that crop damage re-
ports were exaggerated. The for
|efgners, however. who are obliged to
pay well in excess Of 81 per bushel
for cash wheat, does not seem unwill-
ing to contract for future delivery
wheat around the basis Of $3.50. The
outlook Is bullish.
Corn Opened little easier. be-
cause the weather was cooler and
scattered rains had fallen in parts Of
the belt. Reports from crop observers
and from railroads. indicate the heat
and drouth did severe damage to the
crop, which Is not yet apparent in
many sections and will only appear in
the husking returns. This situation,
with the present price OF old corn,
does not warrant short selling except
on good rallies.
Oats-Continue to show only mod
crate activity, although the underly-
ing cash situation is supporting fac
tor. Accommodations Of supplies at
terminal points. and the excess Of
these supplies over year ago is
checking bullish enthusiasm, but the
price does not seem inflated and on
fair breaks. the buying side is ad-
visable.
Grain Review.
CHICAGO. Aug. 23.-wheat prices
rallied today after an easy opening
Lower cables and local selling caused
decline at the start, but the market
gained on good buying and soon re-
covered its loss. September wheat was
up u at 149A; December up u at 1873
~; May unchanged at 1864.
Reports from abroad indicating a
demand for corn, prompted fractional
gains in that grain today. Slow trad
Ing at the opening was responsible
for declines. September was up at
the opening X at $685.; December up
ss at 74A and May up u at Tx.
Oats opened down on dull market
but recovered on the strength in 9TH
er grains. September was up " at
45k; December up n at 48A and De-
cember up u at 52A.
Provisions were steady.
Chicago Estimates for Tomorrow.
FURNISHED by Long Commission Co.,
403 Main. Telephone No. 1901
Hogs, $4,000; cattle, 5000; sheep,
1900; wheat. 1873; corn. SO; oats,
sos.
Liverpool Close.
Wheat, unchanged to lower; corn.
unchanged.
clearances.
Wheat and flour, $4,000; corn, o.
900; oats, 276,000.
Northwest Wheat Receipts.
Minneapolis. 292 cars; Duluth, 1913
cars: Winnipeg. 339 cars,
Chicago Cash Grain.
CHICAGO, Aug. 23.-Wheat-No. 2
red. s1.54; No. 3 red. $1.5O@1.52A;
No. 2 hard, $152N@1.53N; No. 3
hard. $1.40@1.53A; No. 3 spring,
$3.50.
Corn-No. 2 yellow, ss@ssMc; No.
8 yellow. s7@s7Ac; No. yellow,
SEC; No. 6 yellow, 79c; No. 2 white,
7k@88c; No. white. 87@87Ac;
No. white, s5Ac; No. white, No.
6 white. SIC; No. 2 mixed. $50; No.
3 mixed, SEC; No. mixed, SAC; No.
IS mixed, 1890.
Oats-No. white, 45@46c; No. A
white, 44A@45Ac; standard. $40
46kc.
st. Louis Cash Grain.
FURNISHED by Long Commission Co.,
403 Main. Telephone No. 1901
ST. LOUIS, Mo-. Aug. 23.-Wheat-
No. 2 red, new, $1.59@1.6O: No. red,
new, s1.50@160; No. hard. old, $1.52
@1.6O.
corn-No. 2. s5@ssc; No. 3. SAC;
No. white. SEC; No. 8 white, $40
85c.
oats-No. 3. 4a@4sMc; No 2 white
45@4514c; standard. 45@45hc; No. 8
white. 44h@45Ac; No. white,
441ac.