The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-08-15
Late Market Quotations
Long Commission Co. Grain Letter.
Furnished by Long Commission Co.

Long Commission Co. Grain Letter.
FURNISHED by Long Commission Co.
4O3 Main. Telephone 1901
CHICAGO, Aug. 15.-Wheat-The
shar pdecline in Liverpool brought
sharp decline in Liverpool brought
early today. but better broad de-
mand developed on the decline and
thereafter the market presented a
vance by midday was the result. Cash
houses bought the nearby deliveries.
confirming reports OF increased ex-
port business. Renewed complaints
OF low yield and poor quality in the
northwest and in Canada confirmed
the belief in the prospect of short
age In wheat before another crop Is
raised. European requirements are ex-
pected to exceed those of the last two
years and freight conditions favor
sales in this country as long as
there is any surplus obtainable.
Corn-As in wheat, low prices came
early. Leading bull interests abb
sorbed all offerings on the breaks
and prices were further helped by a
very bullish report issued by one OF
the leading local crop experts to the
effect that serious damage had oc.
CURED in corn since the August first
government figures were compiled.
Export sales were made yesterday at
good premiums.
Oats-Bearish features in oats were
the large receipts and heavy accumu-
lations last week in contract stocks.
The question OF an embargo on ship
ments to Baltimore was also against
the market. Buying by shorts and by
cash interests more than Offset these
'bearish features and combined with
the strength in wheat to give higher
level to values. AS a trading market
oats are safer than other grains and
at the present prices. buying on good
breaks, seems advisable.
Snow says: My reports from coun.
try agents at this date show crop loss
in spring wheat territory much great
er than indicated by my returns and
by the government report on August
first. In many sections. crop destruc-
ton was little less than complete
and estimates on possible average
yield per acre are running around five
bushels, including much light weight
grain OF forty-five pounds and under.
Considerable areas are not to be cut
and it is evident threshing will re-
veal spring wheat disaster worse
than was expected by the closest OBJ
servers two weeks since.
Winnipeg wires the Tribune: Wheat
is the worst in years. Wfnkler says
the crop is ruined In some sections.
Minister asserts the yield will go be,
low the lowest estimate made earlier
northern states are plague stricken
With YsiNof Tho An1Ao nv 70 heS cd
The Manitoba wheat crop viii be
smaller than the lowest estimates
early in the season, was the statement
of Hon. Valentine Winkler, minister
Of agriculture, today. 1t has been the
worst in years. In several districts
wheat will not be worth cutting, .ow.
ing to black rust and insects. It Is
not worth cutting in Clear water terri
tory and it probably will be burned.
Mr.. Winkler owns farm at Morden
and samples of wheat he obtained
show very poor grade. The blight has
been general throughout Manitoba.
Saskatchewan and the northern
states.
Snow says: Returns now coming
from my country agents show there
was heavy permanent damage suf-
fered by corn after the August first
reports were compiled and that the
crop prospects after the rain is low
er than last report A large part Of
the damage was from burning Of the
tassels and there is widespread com.
plant that the ears that did set are
poorly filed The crop in Oklahoma,
Kansas and Missouri is evidently
smaller than previously reported.
While there has been heavy shrink
age in Ohio. and parts OF Indiana. IN
Iowa and Nebraska, the promise Is al
so decidedly lower than on August
first in spite Of the current rainfalls.
Grain Review.
CHICAGO. Aug. 15.-After q low
opening today, due to a slump In Liv-
erpool, wheat jumped sharply, regis
tering advances of from five to i've
end five-eighths cents over today's
low opening. An over-estimate Of the
Russian surplus by 0O,0OO.OOO bushels
was believed to be the cause OF the
jump.
September wheat was up five cents
at 14OM; December up 5A at 144A
and May up SIS at 14Sss.
Corn was influenced by the strength
In wheat and rose over a lower open
ing, caused by heavy selling on re-
ports OF rainfall In the corn belt. Sep
TENDER was up y at S3A; December
up / at It's and May up IA at 74k.
Oats weakened at the start with the
decline in other grains. recovered
few later. 1t made strong recoveries
as firmer tones developed in the
other grains. September was up 1h at
43M; December up Is at 1914 and
May up Is at 49ss.
hog market.
Chicago Estimates for Tomorrow.
Furnished by Long Commission Co.,
4o3 Main. Telephone No. 1901
Hogs, 27,000; cattle, 10000; sheep,
$4,000; wheat, 227; corn. SO; oats,
,s9.
Liverpool Close.