The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-05-24
Late Market Quotations
Long Commission Go. Grain Letter.
FURNISHED by Long Commission Co.
4O3 Main st Phone 1907

CHICAGO. May 24.-Wheat The
recent sharp break in the price OF
wheat has placed the market In q
position to readily respond to bullish
crop reports. The covering move
ment, which started yesterday, con.
tinued today and prices advanced
easily with little pressure except from
scattered longs who had profits.
There was a fair volume of new buy.
Ing, based ON decided bulffsh reports
! from Oklahoma, where the weather is
dry and hot. Kansas, also sends con.
frmation Of damage from Hessian fly.
The weekly weather and crop report.
issued by the federal government was
| regarded as bullish, with the more
disposed to credit crop damage re-
ports. Buying on the breaks now
seems safer than at any time since
the decline.
Corn-The trade in general in corn
has been slow to believe that there
was anything to warrant an advanc-
Ing market and many who we're short
were unwilling to take profits on the
| recent break. Heavy buying by this
class of trade furnished the back
ground for strong market, which
steadily advanced prices. Up to noon
there were only minor declines. The
government weather report asserts
that corn in Iowa is making poor
progress and that much replanting is
| necessary. Cash demand is dull. The
tightness OF the May delivery seems
to be the principal supporting factor
in the deferred deliveries.
Corn-Strength in other grains and
complaints received from Oklahoma
was responsible for a higher oats
market. The seaboard continues to
report good clearances and cash de-
mand appears equal to the heavy re-
ceipts.
Grain Review.
CHICAGO, May 24.-Bad crop re-
ports from the, southwest were re-
sponsible for bull raids on the wheat
market today which caused boost
OF 70 cents in May wheat. Pit trad
side shortly after the market opened,
Small offerings tended to increase
the prices. May wheat was quoted
at 1895; July was up 1 " at Ill and
September up rs at 111A.
Corn prices opening steady, were in
fluenced by the rise in wheat and
were higher. There was a fair wire
house demand in evidence while Of
ferings were light. May corn was up
n at 1875; July up " at 721a and
September UP n at 701z.
Oats opened firmer and developed
some strength because Of gains In
the other cereals. Early trade was
exceedingly dull and featureless. May
unchanged at 49,; July up as at Al,
and September up IL at 3SH.
Provisions we're steady at opening
prices despite weak hog market.
Chicago Estimates for Tomorrow.
Furnished by Long Commission Co.,
403 Main. Telephone No. 1901
Hogs, q 900; cattle, 1000; sheep,
10000; wheat, 115; corn, II; oats, 1913.
Liverpool Close.
Wheat, unchanged; corn, unchang-
ed to 1 lower.
Wheat and flour, $4,000; corn, 1922
900; oats, $4,000.
Northwest Wheat Receipts.
Minneapolis, 231 cars; Duluth, p
cars; Winnipeg, holiday.
Chicago Cash Grain.
CHICAGO, May 24.-Wheat-No. 2
red, $1.11@1.11h: No. red, s1.l0@
Ill; No. 2 hard. s1.09h W1.11h; No
3 hard. $1.o6Q1.09; No. spring,
S1.O6
Corn-No. 2 yellow, -74@75Ac; No.
8 yellow, 71k@731xc; No. yellow,
Tic; No. yellow, roc; NJ. yellow,
CSC; No. mixed, 74c; No. 3 mixed.
71k@72Ac; No. 4 mixed, Tic; No. 5
mixed, Sc; No. mixed. 66@e7c.
Oats-No. 3 white, 40A 042kc; No.
4 white. 4004oAc; standard, 1910
44Ac.
Kansas City Cash Grain.
FURNISHED by Long Comm ission Co.,
403 Main. Telephone No 1901
KANSAS CITY, May 24.-Wheas-
No hard, s1.O4@1.1c; No. harL,
s1O001.0s; No. hard, e5099c, No.
2 red, s1.04Q1.0s; No. 3 red. 99c@
$104; No. red, e2c0s1.OO.
Corn-No. 2, 691kc; No. 3, 6skc:
No. 4, 67hc; No. 2 yellow, Tic; No, 8
yellow, 6sAc; No. 2 white, 7OAc:
No. 8 white, 691zc.
Oats-No. 2, 40041c; No. 3, 500
37@40c.
Peoria Grain.
PEORIA, ILL.,, May z4.-Corn-Mar-
ket k9Zc higher. No. 2 white, No
2 yellow, 72kc; No. white, Tic; No.
3 yellow. No 3 mixed, TIC; No.
mixed, 71@71Ac.
Oats-Market unchanged No. 81
white, 40A 941c.
ST. Louis Cash Grain.
Furnished by Long Commission Co.,
4O3 Main. Telephone No. 1901
ST. LOUIS, Mo-, May 24.-Wheat-
No red, new, SLIP; No. 3 red, new,
$1.07@1.10.
Corn-No. 2, 72h 074c; No. 3, No.