The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-10-27
Late Market Quotations
| onn Commission CO. Grain Letter.

Iona Commission Co. Grain Letter.
FURNISHED by Long Commission co..
400 Main St Telephone 1901
CHICAGO, Oct. -Wheat-There
was buying of wheat early this morn
ing, credited to seaboard account
against expert sale greatly in excess
of the quantities published. Thls
gave the market a higher range ana
strong undertone. Argentine cables
came sharply higher which was re-
garded as complete denial OF the
various reports received yesterday OF
beneficial rains. The shortage or
wheat the world over is we'll known
to those in public life, as illustrated
by news items appearing daily. Yes
terdays evening paper carried an
item to the effect that French leg1sla-
tors are discussing favorably a plan
to pay farmers bonus equivalent to
about sixty cents for every two BUSH
els of wheat raised. Another article
quoted the chief Of the bureau OF
crop estimates in Washington as eX-
planning logically the present high
price of wheat, asserting that the
United States is in condition to pay
this price, and expressing the belief
that an imposition OF en- embargo on
wheat at this time would be unfair.
The situation to us seems to warrant
much higher prices before another
crop year.
,Corn-The strength which de-
ve1oped in the wheat pit late in the
session was reflected in corn. Early
in the day the majority of the trade,
impressed by larger offerings to ar
rive, particularly of new corn, was dis
c~lI JrNo CIR
There was therefore, a good deal OF
short corn to cover when the market
turned strong. 1t is probably unwise
to invest in corn at these levels,
just before the new crop is ready to
move: but, on good breaks, the buying
side is advisable because OF the
worldwide shortage of cereal crops.
Oats-Oats have been accumulated
by a class OF traders who are I'M
willing to undertake the financial
risk of trading in wheat at this level.
There is, however, a better reason
for buying on breaks, namely, the
reduced production in practically
every surplus country outside Of the
United States. Canadian and Argen-
tine crops are short, and the big
prices of both wheat and corn in
creases the consumption Of oats.
Bought on good breaks. they are,
therefore. a commendable investment
Chicago Estimates for Tomorrow.
FURNISHED by Long Commission Co.,
4O3 Main. Telephone No. 1901
Hogs, $4,000; cattle, 1900; sheep,
5000; wheat, 50; corn, IL; oats, 2S4.
Liverpool Close.
Wheat unchanged, UP; corn, u
to lower.
Wheat and flour, $4,000; corn, &c.
900; oats, 225,0oo.
Northwest Wheat Receipts.
Minneapolis, 391 cars; Duluth, n
cars; Winnipeg, SIC cars.
Chicago Cash Grain.
CHICAGO, Oct. 27.-Wheat-No. 2
red, s1.S1& @1.S3k; No. red, s1.74
@1.741k; No. 2 hard, $1.S6@1.86&; j.
No. 8 hard, $1.S1.
Corn-No. Q yellow, $1.08@1.11; No
8 yellow, s1.09; No. 5 yellow, $1.07;
No. yellow, $1.06; No. white. $1.OS
@1.O9; No 4 white, S1.071s; No. 2
mixed, $l06@1.09; No. mixed, $1.W
@1.OS12; NO. WiAeu, NJ. hiAeu'
oats-No. white. 52k @53Ac;
No. 4 white, 51k@53c; standard,
52k @541sc.
Kansas City Cash Grain.
FURNISHED by Long Commission Co.,
403 Main Telephone No. 1901
KANSAS CITY, Oct. 27.-Wheat-
No. 2 hard, new. s1.s31a@ 1.9o; No. 3
hard, new, $1SO@1.85; No. 4 hard,
new, s179@1.s0; No. red, new.
s1.S2h No. 3 red, new, $1,000
1.s2: No. 4 red, new. s1.67@1.S2.
Corn-No. z, 9S1sc; No. 8, 96@97c;
No 4, 95996c; No. 2 yellow, 99c@
s1.OO: No. yellow, 9S@99c; No. 4
yellow, 97@93c; No. 2 white. s1.01@
l.o2; No 8 white, $1.O0Q1.O1; No. 4
white, 99c@S1.00.
Oats-No. 2, 53@53hc; No. 3, 52A
@53c: No. white, 531a@53&c; No.
8 white, 52A@53c; No. white, 5TX
@521ac.
St. Louis Cash Grain.
FURNISHED by Long Commission Co.,
4O3 Main. Telephone No. 1901
ST. LOUIS, Mo-, Oct. 27.-Wheat-