The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-11-01
Late Market Quotations
Long Commission Co. Grain Letter.

Co., 4O3 Main st. Telephone lOOI
CHICAGO, Nov. 1.-Wheat-The
first sharp reaction since the recent
big advance started. occurred today
in wheat, liquidation being general
and more pronounced In the Decem-
Der than the later deliveries. The
hearish feeling is more pronounced
as the market declines, the large WIS.,
ible supply, inability to secure insur-
ance up to the full value OF wheat at
these prices, and private reports or
rains in southern Argentina, were
bearish factors. 1t was reported here
also, but not confirmed, that two car
goes of Australian wheat had been
bought to come to our Pacific coast.
This was not fully credited, however,
because 1t is understood that the
British government owns the entire
Australian surplus. The speculative
situation will be improved by the
cleaning out of the weaker class of
longs and as the offerings seem to
have gone into strong hands, it is
doubtful If the decline will be OF
much further duration.
Corn-The break in wheat was all
that was needed to lower the price OF
corn. Another heavy run of hogs is
further indication that the country
Will market both hogs and corn rath-
er than feed corn at these high lev
els. 1t is therefore, likely that the
early run of corn this year will be
much more in excess than ordinary
times and that the pressure OF futures
will exceed speculative support.
Oats-Oats, which have been bor-
rowing strength from wheat, were
heavy today under forced liquidation.
Scattered long interests have been
increased on bulges while, at the
same time, accumulations at terminal
points have daily and weekly been
enlarged by heavy receipts.
Grain Review.
UNITED Press Leased Wire Servicel
5 CHICAGO, Nov. L. December
wheat had drop Of So points below
the opening today at $1.SS, one point
lower than yesterdays close. May
and July also fell sharply after low
openings. A general bearish senti-
ment and heavy selling by longs were
factors in the depression. December
was down 81 over today's opening at
1874, May down IL at 1891 and
July down at LAT.
Corn had weak undertone. Better
weather in the corn belt and in Ar
gentine districts caused general sell
ing. December was down 1H at IS;
May down 11s at S75s.
Oats averaged lower on fair selling.
December was down Is at $3.50 and
May down n at 57A.
Provisions were generally steady,
January pork showing a good gain.
Chicago Estimates for Tomorrow.
Furnished by Long Commission Co.,
403 Main. Telephone No. 1901
Hogs, $4,000; cattle, 5000; sheep,
$4,000; wheat. 80; corn. 1870; oats,
24O.
Liverpool Close.
Wheat, unchanged; corn, " UP.
ciearances.
Wheat and flour, $4,000; corn, 49,
900; oats, 100000.
Northwest Wheat Receipts.
Minneapolis, 472 cars; Duluth, IS
cars; Winnipeg, 1,O36 cars.
Chicago Cash Grain.
CHICAGO, Nov. 1.--Wheat-No. 2
red, s1.S11s; No. 3 red, $1.70.
Corn-No. 2 yellow. new, $1,000
LOB; No. 3 yellow, new, 98hc@$1.0O;
No. S yellow, new, 94@96c; No. 8
white, new, s1t1; No. 4 white, new,
97@9Sc; No. white, new, 96c; No
6 white, new. 92c; No. 4 mixed, new,
97@9S1ac; No 5 mixed, new, 94997c.
Oats--No. 3 white, 52A @53c; No.
a white. SIX @52Ac; standard, SIX
Q535ac.
St. Louis Cash Grain.
Furnished by Long Com mission Co.,
403 Main. Telephone No. 1901
ST. LOUIS. Mo-, Nov. 1.-Wheat-
No red. new, $3.50; No. red, new
s1.S7; No. 2 hard, old, S1.S6h@
1.941s.
Corn-No. 2, s1.os; No. 8, s1.o5;
No. 2 white, S1.05.
Oats-No. 2, 52hc; No. 3, 511sD
SIC; No. 2 white, SAC; standard, 5''s
@54c; No. 3 white. 52h@53kc: No.
4 white, SIC.
Kansas City Cash Grain.
Furnished by Long Com mission Co..
403 Main. Telephone No. 1901
KANSAS cli1, NOV. I.-"neat-
No. hard, new, S1.82k @1.S5; No.
8 hard. new, S1.S0@1.82; No. 4 hard,
new. S1.78: No. red, new, S1.79@
1874; No. red. new, $1.76@1.87; No.
4 red, new, s1.69@1.79.
Corn-No. 2, 97@98c; No. 4. $50
97c; No. yellow. $1.021a @1.03; No.
8 yellow, s101@1.02; No. yellow,
s10O91.01: No. white, s1.o1: No. 8
white 81 90. No white Q7moSc
Oats-No. Q, 52A953hc; No. 3,
51h@52hc; No. white, SIC; No. 8
white, SIC; No. white. 52hc.
Peoria Grain.
PEORIA, ILL.,, Nov. 1.---Corn-0lar.
ket 1@3c lower. No. 2 white, $1.08;