The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1916-03-05
Late Market Quotations

Long Commission Co. Stock Letter.
CHICAGO, March 4.-Wheat-Two
items OF particular interest have come
to the attention of the grain trade this
week. northwestern authority as
serts that the spring wheat crop Of
the four northwestern states tOtaling
$50 million bushels has all been moved
into commercial channels, except 80
million bushels, of this amount esti-
mated that so million bushels have
been sold in the shape of -four. II
these figures are approximately cor
rect, the supply to be marketed in the
next five months Is not burdensome.
The other item referred to is, the seiz-
ure by Portugal and Italy of informed
ships, which, added to the ocean trans
portation facilities will supply carry
ing capacity Of fourteen million BUSH
els Of grain per trip. TIL. most bear
1sh factor in the wheat situation at
the moment being freight congestion,
might quickly be solved by this addi-
tional tonnage.
Corn-The corn market has been
an evening UP affair. The local bears
were rather encouraged by an early
setback in wheat to press the short
side of corn, but covering of this same
corn closed the market very little low
er than yesterdays final figures. The
bulk Of the car lots came in when flu
lures were around inside prices, and
cash corn quoted steady to 5ac lower.
Primary points for the week received
about five million bushels, against
shipments of about four million bush
els. While this appears bearfsh on
its face, the difference between the
racntntS on1 oh 70 In
little more than the clearances for
the week. Aside from the uncertainty
over the course Of political develop
ments and the discouraging freight
situation, there seems little to justify
the selling side Of corn.
Oats-The range in oats was narrow
and the trade featureless. Receipts
for the day were moderate and the
cash markets steady. Exports seem
to have lost its effect for the time be-
Ing, and advancing prices will be
merely temporary, unless support of
a deciding nature comes from the 9TH
er grain markets.
Weakly Grain Review.
RUnited Press Leased Wire Service1
CHICAGO, March 4.-The grain
market ttis week failed to recover
from the bear raids Of last week,
which shot wheat down to It's lowest
mark in months. The bears made
such a breach in the market on Mon
day and Tuesday that efforts Of the
bulls to gain ground met with only
partial success. May wheat closed to-
day at 1884 and July at 1903, each
n below last Saturdays close. May
reached it's low mark on Tuesday
Uhon II r111oI nd ifc oh
for the week during early trading to-
day when it sold at 114A.
Longs sold corn freely throughout
the week. Bearish news ruled the
market. May closed today at 74as, q
net loss of 21s for the week and July
at 741a, loss of IL since last Sat
urday. Mays range for the week was
between 1914 and 71A.
Oats ruled in it's trend by the
wheat market, lost "a for May and Is
for July during the week, closing to-
day at 43A and 49, respectively.
Mays range during the week was
from 1875 to Az
Lard and ribs made slight gains for
the week on higher prices for hogs,
but pork through speculative interest,
dropped slightly. May perks range
for the week was between 21.20 and
21.30.
Chicago Estimates for Monday.
Furnished by Long Commission Co.,
400 Main. Telephone No. 1901
Hogs. $4,000: cattle, 10000; sheep,
$4,000 wheat 1888; corn, Ill; oats, SO.
Liverpool Close.
Wheat, unchanged to III up; corn,
n up.
Clearanees.
Wheat and flour, 1,266O0o; corn,
10000; oats, $4,000.
Northwest Wheat Receipts.
Minneapolis, 339 cars: Duluth, Is
cars; Winnipeg, 6O4 cars.
Peoria Cash Grain.
PEORIA. H.. March 4.-Cdrn, IS
cars: market unchanged, &c higher;
No. white, roc; No. yellow" CSC;
No. 5 yellow, Coo; No. yellow, &c;
No. 5 mixed, 63kc; No. 6 mixed, Gle;
sample, 4065SAc.
Oats-6 cars; nothing done in oats.
FURNISHED by Long Commission Co,
.U3 Main. Telephone No. 1907
Kansas City Cash Grain.
KANSAS CITY, Mo. March A.
Wheat-No. hard. $1.04@1.09; No. 8