The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-09-08
] ate Market Quotations
Grain Letter.
FURNISHED by Long Commission Co.

Grain Letter.
FURNISHED by Long Commission Co.,
4O8 Main. Telephone No. 10O.I
CHICAGO, Sept. 8.-Wheat-Those
who have been bearish on wheat are
quoting the government report az
bearish but an even superficial an
alysis would see INTO warrant the con
clusion that it is sensational1y DULL
ish. In the first place. there are only
GIL 900 900 bushels of all wheat IN
dicated, which Is 44,000,00O bushels
less than the winter wheat crop last
year. 1t Is safe, also to presume
that the government report represent
measured bushels and large pro-
portion OF the spring wheat crop
weighs less than so pounds per bush
ell. and contains little wheat OF any
milling value The market yesterday
and today has shown remarkable
strength, and investment buying on
breaks now seems just as reasonable
as when prices were so cents lower
and the crop expectation normal.
Corn-Although the government
raises its par in figuring up the esti
mated yield from month to month,
the condition of corn since August ]
has been reduced two points and the
prospects is for a crop OF only 2,71O.'
OOO, 600, or 100000 million bushels
less than August l. In this connec.
ton 1t IS noteworthy that the kafiir
corn condition is 62.3 per cent as
compared with 73 on August l, last
and 9O.S September !, last year. Sep
TENDER corn sold today at the high
est price in many years. Presen.
prices are likely to attract all the Old
corn that is available for commercial
use. An increased run at this time
may prevent any further discomfort
to September shorts. The buying OF
new crop futures Is warranted on the
breaks.
Oats-Only a small reduction i
made by the government in the est
mated yield. as compared with Aug
ust 1. They are, however. so much
cheaper than other feed grains thai
consumption is undoubtedly heavy
There is also better export and 90
nestle demand than there was 9
year ago. The principal obstacle e
bull market at present is the dit
ficulty in securing cars to I'LL sales
for shipment.
Grain REVIEW.
UNITED Press Leased Wire Service.
CHICAGO, Sept S.-Bulls boosted
wheat prices from rs to 2B cents IN
the wheat pit today on rumors thai
the government crop figures. to be
issued this afternoon, will show q
shortage. September was up 2As
cents above a steady opening at 154,ss
December rs at 1868 and May up
IA cents at 1878.
Corn opened easy but rose steadily
on the strength in wheat. September
was up ~ at 90A; December up n
at 76 and May up u at IS.
Oats made further gains on active
trading and strength in the other
grains. September was up " at 46B
December up Y at 49A and May up
IN at 52A.
Provisions ruled lower on the
weakness in hogs.
Chicago Estimates for Tomorrow.
FURNISHED by Long Commission Co..
4O3 Main. Telephone No. 1901
Hogs, 10000; cattle, TOO; sheep. g.
900; wheat. AZ; corn, 201: oats, 23S.
Liverpool Close.
Wheat, unchanged; corn, unchang
ed.
Clearances.
Wheat and flour, 1,1O7 900; corn
249 900; oats, $4,000.
Northwest Wheat Receipts.
Minneapolis, 443 cars; Duluth. 81
cars: Winnipeg, 244 cars.
Chicago Cash Grain.
CHICAGO, Sept. S.-Wheat-No.
red. s154h@1.57A; No. 3 red, $1.51h
@1.54%; No. 8 hard. s1.52.
Corn-No. 2 yellow. S912091c: No
8 yellow. S8A@S9hc; No. yellow
1861 @s8hc; No. 6 yellow, 8l@S4c;
No 2 white, Ssh@90c; No. white
1914 @89hc; No. 4 white, SIC; No.
white, s5c; No. white. s2QS4c: No
2 mixed, 9O@90Ac; No. 3 mixed. 8SA
@89c; No. mixed, 86h@87c; No.
mixed. SIC.
Oats-No. 3 white, 47@47Ac: No
white. 461s04GAc; standard. AN
@4S1sc.
Kansas City Cash Grain.
Furnished by Long Commission Co.
4O3 Main. Telephone No. 1901
KANSAS CITY, Sept. 8.-Wheat-
No. 2 hard, s156@161; No. hard
l1.50@1.60; No. hard, $1.47@1.55;
No red. sl.61@1.64; No. red
$1.5501.61; No. red, s1.40@1.57.
Corn--No. 2, S5h0S6hc; No. 8
85c; No. 4, S2h @S5c; No. 2 yellow
861ac; No. yellow, 841s0S6c; No
II white, 85hc; No. 3 white, $50
85kc; No. 4 white, 84085c.
Oats--No. 2. 48@49c; No. 3. 46h @
48c; No. white. 48c; No. white
Ate; No. white, 46hc.
Peoria Grain.
PEORIA ILL.,, Sept. 8.-Corn-Mar