The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-10-03
Late Market Quotations
Long Commission Co. Grain Letter.


Furnished by Long Commission Co..
403 Main st. Telephone No. 1901
CHICAGO. Oct. 3.-Wheat-The
wheat market was in shape to advance
easily today because a considerable
short interest has gradually accumu-
lated for several days and many OF
the larger holders, having become
tired of the heavy tone to the market,
took their profits. So. today, when
Argentine news was of even more
bullish character than that of previous
reports, the market opened strong and
held the advance well. Winnipeg con-
tinued to lead the advance, and buy
ing orders from the seaboard and from
foreigners were a feature in the
strength. Up to noon there had been
little pressure on the market except
from holders of offers. The actual
shortage of cash wheat has not begun
to be felt and this is encouraging
bear operations. On setbacks of any
consequence, the buying side is recon-
Corn-Continued its upward course,
helped by wheat and by the ability
of the principal bull to sell his holding
for export. A local statistician who
usually forecasts the government fig
ures accurately, issued a report today
suggesting crop of about 100000, 900
bushels. With sustained EXPORT de-
mand, this will not mean enough sur
plus this year to cause sharply lower
prices.
Oats-Again fluctuated within mar
row limits, but the undertone was
firm. Speculative trade has been dis
posed to the selling side on account
Of heavy accumulation, but the drain
which the heavy movement has made
on country stocks and the heavy feed
ing which is taking place at present
prices will probably mean very light
movement OF oats during the winter
and spring months. 1t would, there
fore, seem advisable to take advantage
OF the sharp breaks to buy oats for
Grain Review.
UNITED Press Leased Wire Serv1cel
CHICAGO, Oct. 3.-December wheat
reached its record high price this sea-
son today at 1855. Continued re-
ports OF drouth in Argentine and
sharp advances in Liverpool cables
were chiefly responsible. December
was up 1s at 1885; May up y at 1853.
Corn had strong undertone. Good
buying in the face of light offerings
caused slight upward tendencies De-
cember was up rs at 74H; May up
N at 773s.
Oats showed slight falling be.
cause of the large supplies visible.
December was down rs at 48A; May
down ~ at 51A.
Provisions were sharply lower on
falling hog prices at the yards.
Chicago Estimates for Tomorrow.
Furnished by Long Commission Co,
403 Main. Telephone No. 1O0.] -
Hogs, 81 900; cattle, $4,000; sheep,
10000; wheat. 1870; corn, IA; oats,
FPS.
Liverpool Close.
Wheat. strong, 2k @31e up; corn,
unchanged. firm, u up
Wheat and flour, $4,000; corn,
III 900; oats, 100000.
Northwest Wheat Receipts.
Minneapolis, 472 cars; Duluth, 1893 |
cars; Winnipeg, 1,O06 cars.
Chicago Cash Grain.
CHICAGO. Oct 3.-Wheat-No. 2 J
red, $1.60k@1.62H; No. red, s1.58
Q1.5sB; No. 2 hard, s1.62A Ola; /!
No. hard, $1.53k @1.61%.
Corn-No. 2 yellow, s9A @90Ac;
No. yellow, s7h@SSc; No. yellow,
'5A@86kc; No. 5 yellow, S3@85c;
No. 6 yellow, 1917 @SOkc; No. 2
white, S9A@9Oc; No. white, 871h
0S8c; No. white, 85k @86kc; No.
, white, 83c; No. 2 mixed, S9@S9Ac;
No. mixed. S7@s71sc; No. 4 mixed,
S5k @86c; No. 5 mixed, 811k @82kc;
No. mixed, 7s@S6c.
Oats-No. 3 white, 47k@ 48Nc; No.
white, 46k@47Ac: standard, 4S@
1870.
st. Louis Cash Grain.
Furnished by Long Commission Co.,
403 Main. Telephone No. 1901
ST. LOUIS, Mo-, Oct. 3.-Wheat-
No. 2 red, s1.61@1.69; No. red, new,
s1.50@1.60; No. 2 hard, old, $1.61@
10.
Corn-No. e, 9oc; No 3, SOC; No.
yellow. S9h @90c; No. 2 white, S9c;
No. 8 white. ss1sc.
Oats-No. 2, 471kc; No. 3, 461kc;
No. 2 white, 49c; standard, 48A "a
I81ac; No. 3 white, 47k@48c; No.
White, 4T@47Ao