The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-11-24
Late Market Quotations
Long Commission Co. Grain Letter.

Long Commission Co. Grain Letter.
Furnished by Long Commission Co.,
4e3 Main ST. TELEPHONY No. 350-351.]
CHICAGO, Nov. 24.-Wheat-Today
marked one of the quietest days we
have had in the markets for some time
Grains opened trifle lower and drag
ged through the day with practically
no changes registered 1t. seems that
all news that might affect the markets
either way has been exhausted and the
traders are waiting for some definite
vrend before taking any action. II TO-
days action of the maricet can he TAX
en- as an indication 1t wouiu appear
that the wheat values have not been
unduly inflated but on the other hand
if there is a reaction. it is slown In
coming However, after steady de-
cline it Is to be expected that there
will be reaction to some degree. We
would not advise purchases or sales
except for profit taking trades on the
breaks and the bulges. Embargo talk
will continue to increase as the time
for congress approaches. and while we
do not seriously consider the probab-
illty OF an embargo on our food stuffs.
the talk will be enough to keep the
markets in an uncertain state for some
time.
Corn-There have been no changes
in the corn situation in the past TWEEN
ty-four hours. The car shortage Is
still hampering the delivery Of the new
crop to the markets and the export
demand is taking care of all OF the
corn offered. Corn initiated wheat to-
day, as was to have been expected.
Talk of heavy offerings in the country
has caused the bulls to get away from
the buying side until they can ascer-
tain with some degree of certainty
Just how the corn situation sizes up
from all angles. The market contin-
ues to be an excellent two-sided, scafp-
ing one, and for short scalps we be-
lieve it offers opportunities for profit
taking on both sides.
Oats-And still oats, compared with
other grains, are too cheap. They trail
along with wheat and corn but the
fluctuations in oats are mot of such
wide swings as in other grains. We
believe that we will see higher prices
for oats, especially If wheat and corn
maintain their present levels, Or even
If anything close to their present levels
The pasture season is almost over now
and despite the heavy visible supply
we are of the opinion that the to be ex-
pected increase in the demand will
open the eyes Of the trade to the fact
that oats are too cheap.
Chicago Estimates for Tomorrow.
Furnished by Long Commission Co..
4O3 Main Telephone No. 350-351.1
Hogs, $1,000; cattle, 1000; sheep,
5000; wheat, So; corn, GIG; oats, ZIG.
Liverpool Close.
Wheat, unchanged, IN lower; Corn,
" higher.
Wheat and flour, 1856 900; corn,
none; oats, $4,000.
Northwest Wheat Receipts.
Minneapolis, AGA cars; Duluth, 1875
cars; Winnipeg, 1,0s5 cars.
Chicago Cash Grain.
CHICAGO, Nov. 24.-Wheat-No. 2
red, s182; No. red, $1.7fA 9181
Cornz&No. 2 yellow, 96@97c; No. 3
yellow, 941a@96kc; No. yellow, SO
@941Ac; No. yellow, S90911ac; No.
yellow, $40 S8c; No. 2 white. $50
'96Ac; No. white. 94@95c; No. =
white, sS9S9kc; No. 5 white, S81z
@S9c; No. 6 white, Sihc;; No. 2
mixed, 95@96Lac; No. 3 mixed, GAG
95kc; No. 4 mixed, 92sz @94c; No. S
mixed, 89@9Okc; No. 6 mixed, 500
90c.
~Oats-No. white, SIN @5SAc; No
white, 57A @57Ac; standard, 57A
@581hc.
st. Louis Cash Grain.
Furnished by Long Commission Co. ]
ST: LOUIS, No, Nov. 24-Wheat-
No. 8 red, new, s1.s2@1.84; No. 2
hard. old, $1.S701.90.