The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-05-16
Late Market Quotations
Long Commission Co. Grain Letter.
Furnished by Long Commission co.

Furnished by Long Commission Co.,
4O3 Main. Telephone 1901
CHICAGO. May 16.-Wheat-The
failure of wheat to respond in posi-
tive way to the numerous crop dam
age reports which have been coming
In. encouraged traders to take the
selling sides in the hope Of causing a
sharp break. Their efforts met with
reverses, however, because commits
sion houses and one or two Of tho
larger traders took the buying side on
September wheat in fairly large vol
ume. The results have been higher
market today, after an early decline.
Crop reports have been mixed, but
most of those from Kansas indicate a
crop below the early estimates. A
part of today's buying was credited to
the removal Of hedges against export
sales. Wheat is in position to adj
vance easily and the prospect of the
worlds supplies with the worlds re-
quirements for the coming year ap-
pears to warrant buying on the
breaks.
Corn-The action Of wheat helped
corn which have become over sold
and was ready for an advance. Re-
cefpts are light. and the local bull in.
terests supported the cash prices.
Weather throughout the corn belt is
unseasonably cool. No serious dam
age is indicated. however, and the
prospects are for large acreage.
Farmers have not been selling freely
since prices have been easier, but
any higher figures will bring out a
liberal movement of corn after the
planting is done.
Oats-Except in the southwest.
where green bugs have doubtless
done considerable damage, the out
look is for a good crop Of oats this
year. The present cool weather is
regarded as favorable. Export de-
mand is a supporting factor, but the
prospect of heavy receipts from thu
northwest and from the territory
which regularly ship oats to Chicago,
operates against a strong bull market.
Grain Review.
CHICAGO, May 16.-The wheat
market rallied today after a weak
opening and prices were up Us cents
On all futures. Lower cables and d
tendency to sell caused drop in the
early hours, but the market shifted
toward noon and the bulls boosted
values with heavy buying orders May
wheat was quoted at 1161s; July at
HTS and September HTS.
A strong undertone in corn held
that market fairly steady despite an
easy opening which caused declines.
May corn was up n at 745s; July up
IL a. 74A; September up " at IS.
Trading in May was slow, not a bid
being offered in the first few hours.
Oats made slight gains in May and
July deliveries. but September Offer
ings were hardly quoted, with the re-
suit there was a drop in that future.
May oats was up n at 4612; July up
IA at 42A and September down " at
1914.
Provisions were slow and lower, be-
cause Of weak hog market.
Chicago Estimates for Tomorrow
Furnished by Long Commission Co.,
4O3 Main. Telephone No. 1901
Hogs, $4,000; cattle, $4,000; sheep,
II 900; wheat, So; corn, SO; oats, 249.
Liverpool Close. -.
Wheat, unchanged to 3 lower;
corn, 1s@1 lower.
Wheat and flour, SGS,ooO; corr, L.
900; oats, $4,000.
Northwest Wheat Receipts.
Minneapolis, 1873 cars; Duluth, 66
cars; Winnipeg, S25 cars.
Chicago Cash Grain.
CHICAGO, May 16.--Wheat-No. 3
red, s1l4@1.17A; No. 2 hard. s1.o7h
01.18A; No. 3 hard, s1.11@1.16.
Corn-No. yellow, 75A976Ac;
No. 3 yellow, TAX @74Ac; No. 5 yell
low, 71@73c; No. 6 yellow, zoe; No.
white, 75075Ac; No. 3 white, 74A
@74hc; No. mixed, 75k@75Ac;
No. 3 mixed, 73A @74c.s
Oats-No. 3 white, 4S@ 45c; stand
ard, 47A @47Ac.
Kansas City Cash Grain.
FURNISHED by Long Commission Co.,
4O3 Main. Telephone No. 1901
KANSAS CITY, May 16.-Wheat-
No. 2 hard, S1.09@1.15; No. 3 hard.
s1.os@11I; No. 4 hard, $1.0001.08;
No. 2 red, s1.0s91l5; No. 8 red, S1.04
OLE; No 4 red, 96c@S1.05.
Corn--No. 2, 70@71c; No. 3. 69A q
sshc; No. 2 yellow, 72@72kc; No. 3
yellow, INC; No. 2 white, 71@71Ac;
No. 8 white, 70k@70&c.
Oats-No. 2, 40442c; No. 3, 36@
41c; No. white, 46@ 47c; No. white
domd6c