The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-08-10
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 st. Telephone 1901
CHICAGO, Aug. 1O.-Wheat-A new
high level, $1.50 for December wheat
brought heavy realizing today and
the first reaction Of consequence since
the recent bulge began. The talk OF
an embargo against exporting wheat
which was thought to have been COM
pletely disposed OF two years ago,
was renewed. Towards midday there
was also an unconfirmed peace rumox
abroad. Cash houses were good buy
ers Of wheat on the break and early
today they worked good sized vol
ume Of export business. The bulge
has brought out free selling by farm
ers, and moderate accumulation has
taken place at terminal markets. A
new bullish feature has come into the
market today in the form of frost re
ports from the Canadian northwest.
Reactions like that of today must
naturally come out, on good breaks.
the buying side is suggested.
Corn-Scattered rains and predic-
lions for more led to free selling.
Crop reports from Illinois show more
damage than those Of previous days.
and rain in most sections Is urgently
needed. Arrivals are estimated at 120
cars, and the grade was only fair. The
cash demand is reported good. On
good bulges further heavy selling
may be expected.
Oats-Liberal receipts, hedging
sales and profit taking combined with
the break In corn have been against
the oats market, which ranged lower.
Receipts are of better quality than
generally expected, and the cash situa.
ton in general appears to be against
buying on bulges.
Grain Review.
CHICAGO, Aug. 10.-Advancing
wheat prices hit the American house
wife today. Flour was advanced fifty
cents a barrel on the Chicago whole
sale market and the housewife who
buys a big sack" will pay ten to ff-
teen cents more for it than she did
yesterday. Flour today sold for $7.25
a barrel for the bakers grade. Yes
terday it sold at s6.75. In the last
month flour has advanced. two dol
lars barrel and the bakers already
are considering abandonment Of the
time honored five cent loaf and sale
Of ten cent loaf, slightly smaller
than the present dime" loaf.
While the flour market was advanc-
ing today, wheat prices alternately
rose and fell amid excited buying and
selling.
Scenes in the wheat pits were like
those of the days when big traders
sought to corner the Whole worlds
wheat supply. Everybody was trying
to buy wheat except those conserya-
NJ
10 to Is cents higher than they
bought it at.
Just when things had quieted down
to an ordinary din Of trading, some
body busted into the pit with rumor
that the United States government
had planned an embargo on shipment
of wheat because the crops were SO
small. This started things again.
The market scared for minute.
Then someone else had another flock
of rumors and prices dropped again.
It was see-saw up and down through
out the morning.
Brokers in close touch with condi-
lions discounted rumors that two dol
lar wheat was in sight. They said It
would stick somewhere around dol
lar and half bushel until some
thing, nobody knows what, throws an
other bomb into the market.
At noon September wheat was up
n over the opening at la; Decem-
Der was down one cent at lat. and
May down two cents at 155. In the
early hours May jumped three cents
from last nights close, but dropped
when those who held mucn wheat I'M
loaded to get their profits.
Corn made further declines. Re-
60 III n a
corn states were responsible. Sep
TENDER was unchanged at 83A; De
cember down n of cent at IT'S, and
May down q of cent a. IS.
Continued selling decreased oats
values. September was steady at
44A; December down 70 at 47as;
May down % at 50A.
Provisions were strong and higher
on a bullish hog market.
Today's market closed, after a tur.
bulent day 1ss cents higher for Sep.
TENDER wheat, " cent lower for De-
cember and ~ lower than the open.
ing for the May future. Prices were
144as, 147k and 152A respectively.
Chicago Estimates for Tomorrow.
FURNISHED by Long Commission Co.,
403 Main. Telephone No. 100.
Hogs, 10000; cattle, 10000; sheep,
5000; wheat, 31s; corn, 116; oats,
6eS.
Liverpool Close.
Wheat, sos up; corn, 11s92 up.
CIearances.
Wheat and flour. $4,000; corn, 316,-
900; oats, $4,000.
Northwest Wheat Receipts.
Minneapolis, 2TO cars; Duluth, Is
cars; Winnipeg 800 cars.
Chicago Cash Grair
CHICAGO, Aug. 10.-Wboat-No. 2
red, s144h @14S3s; No. ren. s1.4214
No. 2 hard, $1.43k Ql45k;
No. hard, s1.40@1.44E.
Corn-No. 2 yellow, S7@S7kc; No.
8 yellow. S6k0S6Ac; No. yellow.