The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-06-17
Late Market Quotations
Long Commission Co. Grain Letter.
lIFurnished by Long Commission Co.,

ana make his Investments Wnen low
prices occur as they come from time
to time, presenting opportunities in
the grain trade, such an opportunity
is at this time. A year ago, with the
largest crop Of wheat We ever raised,
there was an advance of nearly 90
cents per bushel from the low price
in the summer to high prices early
in the present year. 1t was apparent
that If there was any depressiSs IN:
fluence from the large crop, 1T would
be from the low grades Of winter
wheat, rather than from the large
crop of fine spring wheat. This de-
preston influence is shown at the
present time and has encouraged
great deal OF selling for declines by
those who were impressed and want
others to be impressed by the amount
of wheat now in the visible supply
These sellers hope to make purchases
to fill their contracts when hedging
the new crop begins to come into the
market. Consequently good support
Is likely to come into the market al
any time short sellers begin to buy
and the professional element take the
buying side, and considerably higher
prices are likely to be recorded hefore
the crop begins to move. The depre5-
sion caused by the Dear selling pre-
sents the opportunity for purchases
OF December wheat as itjis sfRely pric-
es will go higher during the coming
year than the past twelve months.
Our government tells us domestic
crop of 600 million bushels, less THAI.
last year, and even II we are carry
ing over a hundred million busheie
into the new crop more than we did
a year ago, will the supplies available
for the coming year be 100, million
bushels over last year? The United
States and Canada both have smaller
acreage and poorer seed planted. and
less available labor for the crop OF
the coming year We ask you to care
fully study the conditions. War Ell
fects across the water and consider
the advisa bility Of making Invest
ment in wheat for December delivery
at present prices on scale down
from the present levels.
Corn-A decline in wheat and bet,
ter weather prospects brought about
a decline in the corn market. The
closing figures were, however, at
reaction from the low points OF the
day brought about by resting orders
/ III lie uduuS VI SOLAhiASoioh AAONs,SS
and buying against privileges. The
cash prices, which were well above
the futures most of the week have
narrowed down sharply. Country OF:
ferings are becoming more liberal
showing there is a large amount OF
corn held back and only waiting foT
prices to show advances and for farm
work to be completed.
l b nr$ followed wheat and
corn to certain extent but closed
steady at small declines for the day
Cash undertone was easier. Primary
shipments exceed the receipts and fol
| the week stocks are likely to show
some decrease The cash demands
remain good for the moment.
Grain Review.
| CHICAGO June 1i.-Bearish cables
continued evidence of the British poll
CIV of buying wheat from her colonies
| and a general feeling of nervousness
shot July and September wheat down
| near the dollar mark today. july
closed "a down at S1.00. It's low fol
the day was 1908.
| September was q down at 102A.
| Nervousness affected the corn mar
lket, too. July closed ss down al
I711h and September u down at. 70h
Oats slumped only slightly. July
sold at 3Sss and September at 3SA.
! Provisions were slightly higher.
CHICAGO Estimates for Tomorrow.
Furnished by Long Commission Co.
4O3 Main. Telephone No. 1901
Hogs, $4,000; 10000 all next week;
cattle. $4,000; sheep, $1,000; wheat
AZ; corn, rs: oats, 1874.
Liverpool Close.
Wheat, k@2 lower; corn, 1k@
212 lower.
Ciearances.
Wheat and flour, $4,000; corn
| 300, 900; oats, 10000.
/ Northwest Wheat Receipts.
| Minneapolis, 225 cars; Duluth, "a
cars; Winnipeg, 1874 cars.
Chicago Cash Grain.
CHICAGO, June 17.-Wheat-No.
hard. CSC.
Corn-No. yellow, 75@f61ac; No
8 yellow, 71k@74c; No. 2 white. "a
@73hc; No. white, &c: No.
mixed. 71Ac: No mixed. 70@71c
Oats-No. 8 white, 38@38Ac; No.
! white, 37@3Sc; standard, 39h @4Oc.
st. Louis Cash Grain.
Furnished by Long Commission Co.
403 Main. Telephone No. 1901
/ ST. LOUIS, Mo, June 17.-Wheat-
No. 2. red. new, s1.09@1.10; No. red
Corn-No. 2, 74@75kc; No. 3
731sc; No. 3 yellow 73c; No. 2 white
oatsENo. 2, a7@371sc; No. 3
35Ac; No. 3 white, 3s@39c; No.
white, 37k @37Ac.
Kansas City Cash Grain.
FURNISHED by Long Commission Co.
4o3 Main Telephone No. 1901
KANSAS CITY, June 17.-Wheat-z
No. 2 hard, 95kc@$1.02; No. hard
92h @99c; No. 4 hard, S0@94c; No.
nrDooN