The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-08-14
Late Market Quotations

Lona Commission Co. Grain Letter
Furnished by Long Commission Co.
4 403 Main ST. Telephone No. loo.1
I CHICAGO, Aug l4-Wheat-Price:
were easier during the forenoon, witt
little enthusiasm on the buying side
and considerable selling on the PAR
OF belated holders who failed to take
advantage OF the bulge last week
The railroad situation was used as q
bear argument, as was also the aglta'
ton of newspapers and politicians IN
regard to the fast advance In wheat
values, and the possibility OF manipu
lation playing part in the recent
high level of values. These criticisms
have all been thoroughly answered
and are not seriously considered as
permanent influence on grain values
The best information obtainable
leads to the conclusion that wheat
and its products are not likely to be
very plentiful. and that prices will Dc
CORRESPONDENCE high throughout this
crop year.
Corn-Heavy rains occurred over
Sunday in the greater part of the corn
belt, and the volume OF selling. pres
sure early today was consequently
heavy. Reports from the leading
railroads are bullish indicating as
they do, that the crop promise is only
moderate. While rains are undoubt-
edIy increasing, the crop where Sc
we're drouth damage did not occur,
large acreage was hurt to such an
extent that rains at this time can DO
nothing beyond checking the loss. NO
serious decline in price is therefore
anticipated.
Oats-The surface indications are
bearish in oats. The movement is
large. prices low enough to encourage
warehouse interests to buy and store
the oats at present discounts. rather
than to fill their ware houses with
more expensive grains. There was
enough hedging, pressure to- cause
considerable setback in values today,
but on the decline. export orders
were met and prices rallied moderate
" from the low point. The question
Of prices is now two-sided and a good
| trading market IL resulting.
Grain Review.
CHICAGO, Aug. flower Win
nipeg prices, action of federal author
| tiles in probing the wheat market
and a general bearish trend contrib
uted today to sharp declines In tne
Chicago pits. September wheat sold
freely asound 140M today, 2h cents
! lower than Saturdays close, and Us
below the days opening. December
at 1Ah was LIS below Saturday
market. May sold around 14SA, 2ss
down.
! Corn shared in the bear movement
September was down at the start and
lost fracsionally later, selling around
s3A. December at 70B and May at
74A were all below the opening
marks.
oats followed the general trend
September selling at 43s. December
at 463s and May at 49h. all slightly
lower than the start.
Provisions were fairly steady.
Chicago Estimates for Tomorrow.
| Furnished by Long Commission Co.
403 Main. Telephone NO. 1901
| Hogs, 1900; cattle, 5000; sheep
1900: wheat. 500; corn. 200; oats
1,225.
Wheat. unchanged: corn, k@SA
UP.
i
| Wheat and flour, GOT 900; corn
800 900; oats, 81 900.
Northwest Wheat Receipts.
Minneapolis, AS cars; Duluth, st
cars: Winnipeg, $40 cars.
s7.00@10,5o.
Chicago Cash Grain.
CHICAGO, Aug. 14.-Wheat--No.
red, 31.4391.44h; No. 2 red, $1.38k
| Q1.;42A; No. 2 hard, 1.42A 01.44;
No. 3 hard, s1.37k@143A.
Corn-No. 2 yellow, SSH 087h nc;
No. 3 yellow, 85@S6kc; No. yellow
js3984hc; No. yellow, SOC; No.
yellow, 75@79c; No. 2 white, S7@
87hc; No. 3 white, s6A 486Ac; No
4 white s4kc; No. 5 white, 78080c;
No. 6 white, 74@7sc; No. 2 mixed. 81
oslo; No. 3 mixed, s5@86kc; No
4 mixed, 840S4hc; No. 5 mixed, 7sc;
No. 6 mixed, 75@77c.
Oats-No. 3 white, 42k 443kc; No
4 white, AK 443c; standard, 43Q
44c.
Peoria Grain.
PEORIA, H., Aug. 14.-Corn- Mar
ket 1zc lower. No. 2 white. No.