The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1916-02-27
Late Market Quotations
Long Commission Co. Grain Letter.

feD. Zb.-Wneat -
break of about 6 cents from high
point Of the day is the best result SO
far in the drastic liquidation which
has occurred. There was very little
from the low point and shorts were
able to cover without bidding prices
up. The long decline and the uneasi-
ness over the political situation com
bined with the weakness in the east
ern markets un-neryed the longs who
were anxious to even up over Sunday.
There was nc attention paid to domes-
tic news and up to the close no export
figures had been given out. Cash in
terests were, however, good buyers on
today's break and that Is thought to
indicate an amount OF business will
result for export.
Corn-There was no news nor was
there enough new buying in corn to
hold the early rally and when that
turned weak corr followed and lost
considerable. Commission houses
We're free sellers throughout the ses-
sion. and a number Of holders were
disposed to close their long stuff over
Sunday, when there seemed to be no
rallytng in the wheat market. There
is a prospect of further increase in the
visible supply on Monday end stocks
on track waiting to be unloaded are
very heavy. Present circumstances do
not invite investment buying.
Oats-The carly bulge in other
grains caused some short covering
and temporary strength In the a
market On this strength q number Of
locals operators who have been bear.
tsh pressed the market. A little more
stubbornness was exhibited thar
might have been expected considering
everything IN the cereal lins was
weak.
Weekly Grain Review.
UNITED Press Leased Wire Serviee.]
CHICAGO, Feb. 26.-After a week
OF spectacular unloading. in which
fortunes were won and lost In the
Chicago grain pits. wheat traders to-
night said the market was electric
with possibilities. Wheat closed to-
day at low mark for the crop. a IA
cent drop since last Saturday for May
wheat and a liz cent drop for July.
Capture of one of the Nerdun forts,
the fear Of a break between the
United States and Germany, the new
submarine order which may imperil
hundreds of grain cargoes, heavy es-
Inmates of foreign crops and extreme
weakness Of the Winnipeg market
and half a dozen other factors kept
the market on a nervous edge all
week. Wheat dragged all other
dumped so much grain on the mar
ket in the last half Of the week that
the prices tumbled before they could
realize their profits.
May wheat closed Saturday at
1271a; today at 113k. Comparative
figures for July We're 1925 and
110&. Mays range for this week
was between 127 and 113A.
Corn held much steadier than
wheat. May which closed at 1914 to-
day was only Ia down, and July
which closed at 76A also lost IL.
This weeks range for May was from
1874 to 1914.
Oats lost 3A for May and 3% for
July since last Saturday, the former
closing today at 44A and the latter
at AK. May ranged between FA
and .j1s this week.
Provisions made a net gain of five
cents in all commodities but ribs,
which lost even cents. The range
for May pork this week was between
s2O.95 and $4,000.
S''ISSSo - WS''8oy'
FURNISHED by Long Commiyion Co..
400 Main. Telephone No. 1901
Hogs, $4,000, 1000 next week; cat
tie, 10000; sheep, 10000; wheat, 143;
corn, 1873; oats. 1856.
Liverpool Close.
Wheat, unchanged, u lower; o
unchanged.
Northwest Wheat Receipts.
Minneapolis, 4s1 cars; Duluth, 107
cars; Winnipeg, 656 cars.
Kansas City Cash Grain.
FURNISHED by Long Commission Co..
403 Main. Telephone No. 1901
KANSAS CITY, Feb. 26.-Wheat-
No. 2 hard, s1.O8@1.13; No. 3 hard.
s1.07@1.12; No. 4 hard, S1.04@1.o6;
No. 2 red, S1.0S@1.1S; No. 8 red, s1.04
91.08; No. 4 red, 98c@1.02.
Corn-No. 2, 69h@ 70c; No. 3, $40
CSC: No. 4, 64kc; No. 2 yellow. 71k
072hc; No. 3 yellow, 69069Ac; No.
2 white, zoe; No. 3 white, CSC.
Oats-No. 2, 44@45c; No. 3. 400
44c; No. 2 white. 47@4Sc; Nc. 3 white
45Q46c.
St. Louis Cash Grain.
403 Main. Telephone No. 1901
ST. LOUIS, Mo-, Feb. 26.-Wheat-