The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-12-07
Late Market Quotations
Long Commission Co. Grain Letter.
FURNISHED by Long Commission Co..

wv
403 Main Street,
CHICAGO, Dec. 1.-THE quick rally
which has occurred from the low
point in wheat has encouraged a. good
deal of realizing and much short sell
ing by those who are bearish, either
for moderate profits or are unable to
see the strength in the wheat situa-
ton. The recent decline unquestion-
ably was more drastic than cash con-
ditions warranted, but was highly sat
isfactory to foreign buyers and to
elevator interests. The situation con-
tains much that is against a bull mar
ket, but the underlying feature OF
strength is the proximity Of our sur
plus to foreign markets and the need
on the part of importing countries to
get their supplies at the nearest mar
ket, on account of ocean tonnage.
Coma sharp bulge in Liverpool
caused some strength in our market
today, shorts in December being par
ticularly disturbed. The recent adj
vance has brought about liberal COW
ering movement, and, consequently
the market reacts easily unless well
supported. There is likely to be
further show of strength in the De-
cember delivery, as no heavy run OF
corn is likely to come to market In
time to take care OF the heavy sales
which have been made for shipment
this month. On the breaks the buy
ing side looks better.
Oats-On an easier opening, there
were indications Of an improved cash
trade in oats, although 1t was impos-
sibIe during the morning to confirm
export business. Around the low
point a considerable volume OF the
trade appeared to be lin the form OF
liquidation by discouraged holders. !.
There are certain articles 81 food
that are selling at prices not Justified
by conditions, but among these we
cannot place grain. The very public
ity attached to an open, competitive
market such as the Chicago board OF
trade, is a safeguard against under
hand manipulation Nof prices. The
grain trade welcomes the invest1ga-
ton for it will show that OF all foods,
wheat is selling at present prices on
its own merit and not because Oh any
or manipulation of prices.
CHICAGO Estimates for Tomorrow.
Furnished by Long Commission Co..
4O3 Main: Telephone No. S50-3o1.]
Hogs, $4,000; cattle, 1000; sheep,
$4,000; wheat, 81; corn, I'll; oats,
Liverpool Close.
Wheat. unchanged. l up; corn, z
to 8 up.
cIearances.
Wheat and flour. 100000; corn,
none; oats, $4,000.
Northwest Wheat Receipts.
Minneapolis, 538 cars; Duluth. liz
cars; Winnipeg, 1,139 cars.
Chicago Cash Grain.
CHICAGO, Lee. 7.-Wheat-No. 2
red, s1.s0ss; No. hard. s1.S1A.
Corn-No. yellow, 95AQ96hc;
No. 3 yellow, 95@96kc; No. 4 yellow.
93A @95hc; No. 5 yellow. 92995hc::
No. 2 white, 9e1ac; No. white, $50
96c; No. 4 white, 94@95c; No. 2
mixed, N96Ac; No. 8 mixed, 95@96c:
No. mixed. 93h@S5hc; No. s
Oats-No. 8 white, 5sA@55Ac; No.
4 white, 53k@55c; standard, $50
55Ac.
Kansas City Cash Grain.
FURNISHED by Long Commission Col
KANSAS CITY, Dec. Wheat
No. 2 hard, new, $1.78Q1.83; No., 3
hard, new, $1.7501.S0k; No. hard,
new, s1.70@177; No. red, new.
s1.76@181; No. 8 red. new. $1.710
1.72; No 4 red, new, s1.61@1.74.
Corn-No. 2. 9Oh@91Ac; No. 3.
soAQ91c; No. yellow, 92@92kc;
No. yellow, Gle; No. white, 92c;