The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-11-20
Late Market Quotations
Long Commission Co. Grain Letter.
Furnished by Long Commission Co. ]

| Long Commission Co. Grain Letter.
Furnished by Long Commission Col
| CHICAGO, Nov. s20.-Wheat-A
week of declining markets had so
revived the spirits of the bears and
so shortened the funds of the bulls
that sharp reaction quickly fol-
lowed an easier opening today.
Foreigners VINO have been neglecting
the cash and futures market, were
liberal buyers today and made it diff
ticult for shorts to save the accumu-
lated profits of the last few days.
Unfavorable reports from the Argen-
tine, and large clearances, which
totalled over 100000 bushels were
factors in the carly strength. After
large increase in the visible supply
was a factor Of considerable import
ance, but was probably overrated by
the local bear contingent. At this
season of the year the visible usually
accumulates in very large volume, a
year ago the increase being over
100000 bushel. There is every in
dication that the worlds supply Of
wheat is inadequate and that what
ever happens in the fluctuations from
day to day, very high prices will be
registered before another crop is
raised.
Corn-Those who were expecting
heavy receipts of corn today were
not disappointed, the early estimate
being for 800 cars. Shippers, came
into the market in a large way and
the early loss of about cent per
bushel was regained by noon. A sharp
bulge in futures buyers was the re-
suit of buying by export interests
and shorts. The present situation is
anomalous; country elevators are full
of corn and farmers are willing to
sell at these prices, but the car stu
alton Is such that it is difficult to
move supplies to the terminal points.
Shippers at terminal markets are
short Of corn and are ready buyers
whenever supplies are sufficient to
I'LL old and current contracts. Until
there, is some evidence Of an accumu.
lation of supplies, the seller VIII do
welPto take profits on breaks.
Oats-Oats were Influenced by the
other grain markets and while there
was general selling early by commits
active for the seaboard were large
buyers. The trade, which sees a con-
stantly increasing visible supply, find
it difficult to believe that export BUSH
ness is as large as reported. A re-
cent visit to the east convinces us,
however, that export business is of
very large proportions. and that much
of the present big accumulation will
move out Of the country as fast as
cars are available.
Grain Review.
UNITED Press Leased Wire Service
CHICAGO, Nov. 2O.-Wheat took a
sudden jump shortly before noon to-
day after low opening, due chiefly
to heavy buying and reports of I'M
favorable Argentine weather. At
noon December was up AZ over TO-
days opening at 1919: May up 81 at
1874 and July up SM at 18Th.
Corn opened easier, but later
showed good gains when buying be-
came more general. December was
up rs at 94A; May up ~ at 96ss.
and July up az at seA.
Oats showed fair gains. December |
was UP 1 at 5T1s; and May up IN at
615a. gs kr
Provisions opened lower, but made |
sharp gains on active buying when |
gains began to Jump.
Chicago Estimates for Tomorrow.
FURNISHED by Long Commission Co., |
403 Main. Telephone No. 350-351. ] |
Hogs, $4,000; cattle, 11,000; sheep, |
$4,000; wheat, ISL; corn. GOT; oats,
364
Liverpool Close. /
Wheat. unchanged; corn, higher.
Northwest Wheat Receipts.
Minneapolis, s31 cars: Duluth, 129
cars; Winnipeg, 947 cars.
Chicago Cash Grain.
CHICAGO. Nov. 20.-Wheat-No. 2 |
red, 1892; No. red, $1.74A@1.s0;
No. hard, s1.S601.88; No. 3 hard,
$1.74h Obs; No. 3 spring, s1.s35s.
Corn-No. 2 yellow, 96h@97hc;
No. yellow, s5@9shc: No. vel. |
low, 93@95Ac; No. yellow, 900 |
92c; No. 6 yellow, s9Q91c; No. 2 !
white. 95N@9skc; No. 3 white. GAG
96kc; No. Awhile. 93@s4Ac; No. S
white. s0@93c; No. 6 white. S9h@
9Oc; No. 2 mixed, 95h@97c; No.
mixed, 95096c; No. 4 mixed, 921s@ !
941sc; No. mi1 ed, 90092c;> No. s |
mixed, soc.
oats-No. white, 56h@57kc; No.
4 white. 56h057c; standard. 67@ |
58hc.