The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-10-28
Late Market Quotations
Long Commission Co. Grain Letter.
r Furnished by Long Commission Co.

Long Commission Co. Grain Letter.
Furnished by Long Commission Co,
403 Main. Telephone No. 1901
CHICAGO, Oct. 28.-Wheat-Wheat
continued it's upward course which
has been the most consistent and
the largest consecutive advance in
the history of the trade. The power
of the market to absorb all offerings
at this level of prices is astonishing
and is attributed to the gradual real
izing by the entire world of situa
ton unparalleled. While it is not
difficult to see the reasons for the
advance it certainly is not conserva-
tive to follow the rapid rise with
buying orders. No one who is familiar
with the facts Of the business Ques.
lions the bullishness of the present
situation. but everyone realizes that
the foreign buying that has caused
the phenomenal rise is due to the
anticipation of long drawn-out
European war. It is therefore only
reasonable to expect that some
political complications, or peace
scare will be injected into our mar
ket conditions, and it is very desir-
able that some unforeseen bearish fac
tor should soon arise to check a
market whose course has been I'M
bridled for many weeks.
Corn-The strength in corn Is part
ly due to Two factors, viz: High
prices of wheat and an acute cash
condition at terminal points. Pre-
vaiilng cash prices are SO high that
it is reasonable to expect that farm
ers will sell very large proportion
of the new crop, which will be short
ly ready for market. It is the time
of the year tor country offerings to
increase, and this year is no excep-
ttion, it seems quite probable that
the farmer who ordinarily markets
25 percent of his surplus in the fall,
will this year dispose Of near 40 per-
cent. At this level of prices we
therefore strongly advise against buy
ing on bulges.
Oats-With corn and wheat strong,
there was little to depress oats. Com
mission hous es were liberal buyers
early, but later in the day were free
sellers for profits. The big increase
which has come in oats trade is max
ing very attractive market for the
day-to-day trader. While ultimately
oats prices will be higher. large accu-
mutations and the difficulty of secur-
ing cars for eastern shipments,
should check buying enthusiasm on
bulges.
Chicago Estimates for Tomorrow.
Furnished by Long Commission Co.,
403 Main. Telephone No. 1901
Hogs, $4,000; cattle, $4,000; sheep,
$4,000; wheat, &c; corn, IS; oats. 271.
Liverpool Close.
Wheat, 1@2 up; corn, h@1 up.
Clearances.
Wheat and flour, 49, 900; corn, 40,
900; oats, $4,000.
Northwest Wheat Receipts.
Minneapolis, All cars; Duluth, 81
cars; Winnipeg. 651 cars.
Chicago Cash Grain.
CHICAGO, Oct. 2S.-Wheat-No. 2
red. s1.s5A @1.86; No. red, s1.7SA
@1.s2; No. hard. s190A @191k;
No. hard, 1851 @1.s6A.
Corn-No. 2 yellow. $1.12@1l2k;
No. 3 yellow, s1.11@1.11h; No. G
yellow, $1.07@1.0 s; No. 3 yellow, new
SLOT; No. yellow, new, S1O0; No
mixed, new, 99c; No. 5 mixed, new
CSC; No. white, Sill; No. 3 mixed
i$1.1O@1.10k; No. 4 mixed, S1.O9; No
mixed. s1.Os.
Oats-No. 8 white, 53k@54Ac:
standard, 54k@55c.
Kansas City Cash Grain.
Furnished by Long Commission Co.
403 Main. Telephone No. 1901
KANSAS CITY, Oct. 2S.-Wheat-
No. hard, new, s1S6@1.9Oh; No
hard, new. s1.s2@1.s1; No. i hard,
new, $1.sO@1.s6; No. 2 red, new,
$1.86; No. 3 red, new, s1.76@1.s6;
No 4 red, new, s1.69@1.s2.
Corn-No. 2, s1.01; No. 3, s1.OO:
No. 4, 9s@99c; No. yellow, $1,000
1.031z; No. yellow, s1O2h; No. 4
yellow, 99c@S1.O1; No. white, s1.O2
@1.93; No. white, s1.O1@1.O2; No.
white. s1.O0@1.Oo1a.
Oats-No. 2, 52953c; No. 3, 51@
SIC; No. 2 white. 55c; No. 3 white.
54@54kc; No. 4 white. 52h@53kc.
Peoria Grain.
PEORIA, ILL.,, Oct. 28.-Corn-Mar-
ket &c higher. No. 2 yellow, $1.O9:
No. 3 yellow, No. mixed, s1.OSh:
No. yellow, s1.07k; No. mixed,
s1.O7@1.071s.
oats-Market A@Ac higher. No.
3 white, 52&c; No. 4 white, SIC.
Grundy, Lawrence and Co., yelling