The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-11-14
Late Market Quotations

Long Commission 70. Gram letter.
Furnished by Long Commission Co.,
CHICAGO, Nov. 14.-Wheat-Talk
about an embargo is plentiful this
week. 1t would seem reasonable to ex-
'pect the 1916 crop to be adequate for
domestic focA and seed requirements
at. or above. the present level of vlues,
because of reduced consumption due
to high prices. We hive. then, be-
tween $50 million and 100 million
bushels available for export during the
crop year and for carry-over on the
first of next july. Having exported
60 million bushels during the first sour
months of the crop year, we may we'll
seriously consider an embargo when
We have cleared much more but, IL
clearnces are at no more rapid rate
than up TO this time, it would mean
that an embargo placed the first Of
March would probably leave us plenty
for our own needs until the new crop
became available. We think an embar-
go before we have cleared 120 million
bushels of wheat would be premature,
unfair to the producers and therefore
improbable.
Corn-Bulls are counting on present
scarcity OF supplies, On serious car
shortage during the winter months, on
lack OF storage space to provide for
deliveries, and lack OF insurance for
the same purpose. and on possibly sub
stitution of corn flour fog wheat flour.
to some extent to give them a profit
above present levels. Bears figure 4
crop larger than last year ON feeding
basis, ON curtaiIment OF the use of
corn at the present level, on willing
ness of the producer to sell at present
prices. and on the consequent large
movement of corn during the winter
months to force values to lower levels.
enc OF the best judges OF -.erket con-
ditions ever connected with this mar
ket one remarked that corn IL not
even brother-in-law to wheat" One
Is feed; the other is food, and the
amount OF feed that IS ever likely to
be used as food is relatively small We
cannot feel that the maintenance Of
reasonable or probable.
Oats-A gradual reduction in the
movement OF oats to market Is looked
for. Both producers and dealers will
be now giving greater share of their
attention. to the movement OF corn.
Should corn decline oats are likely to
sympathize to some extent, but the de-
cline should not be more than one
third of the extent of the decline in
corn. At present relative prices, oats
will be used wherever it is possible to
make substitution in feeding Oats
are relatively the cheapest Of all
grains.
Grain Review.
| UNITED Press Leased Wire Service
CHICAGO. Nov. 14.-Wheat had a
falling off today on free selling. The
opening was steady to shade lower
than yesterdays close. December
was down over today's opening IL at
! 1888; May down 1A ct 1925; July
down Is at 1914.
Corn dropped sharply today on
profit-taking sales. December was
down IA at 96A and May down 2 at
l9N.
Oats were slightly lower. Decem-
Der was down ~ at 57A and May
down rs at 61A.
Provisions were steady with a
tendency upward.
Chicago Estimates for Tomorrow.
Furnished by Long Commission Co.,
Hogs, $1,000; cattle, $4,000; sheep,
-oJNVVB "hSot' q" vi ~, 1oo, OaloS Lie
Liverpool Close.
Wheat, unchanged, " up; corn,
strong, up.
cIearanees.
Wheat and flour, 100000; corn.
10000; oats, $4,000.
Northwest Wheat Receipts.
Minneapolis, 35S cars: Duluth, 272
cars; Winnipeg, $50 cars.
Chicago Cash Grain.
CHICAGO, Nov. 14.-Wheat--No. 2
red, s1.871a; No. red, s1.80@1.S11a;
No. 2 hard. s1.s9% @1.94k; No. 8
hard, s1.s3.
Corn-No. 2 yellow, s104@1.07;
No yellow, s1N21k @1.05; No. 4
yellow, s1.G0k 61.03; No. yellow,
s9c; No. yellow, o7c; No. 2 white
SLOPPY @1.05; No. white, $1,000
1.02; No. 5 white, CSC; No. 6 white,
&c; No. mixed, s1.04@106; No. 3
mixed, $1.o1@1.031s; No. 4 mixed.
$1.01; No. 5 mixeu, 9Sac.
Oats-No. white, 56A @5Sc;.
standard, 57h@ss5kc
Kansas City Cash Grain.
furnished by Long Commission Co.
KANSAS CITY, Nov. 14.-Wheat-