The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-12-02
Late Market Quotations
Lohe Commission Co. Grain Letter.

Long SommIS1lCn 70. 0TAu LottoV.
Furnished by Long Commission Col
/ CHICAGO, Dec. 2.-Wheat-Wheat
reached new low on the present
this morning. There was, however
enough investment and export de-
mand to check the decline and cause
a good reaction before the close. The
week has been marked by drastic
liquidation, and those who were bull
ish and buying twenty cents higher.
for the most part see no hope now
on the long side. The car shortage,
which is the result Of lack of ocean
tonnage, has been played up to it's
greatest possibility as a bear argu-
ment. Politici ans who are seeking
some advertising through the pro-
pOsal of legislation against foreign
shipme nts of wheat stuffs, have not
reckoned with the higher authorities
In Washington who. from all reports,
are disposed to take no action along
this line. Mr.. j. Ralph Pickell, widely
known as an authority on matters
pertaining to the grain trade, asserts
that bread is the cheapest and most
wholesome food obtainable, even with
wheat at $3.50 per bushel. This state
ment is made at the conclusion Of an
exhaustive study of the history Of
embargoes and the reasons for an
embargo at this time.
Corn-The feature in corn was the
heavy buying by one of the most sue
cessful shorts. There was also some
buying that was credited to export
accounts. While there is a prospect
Of some increase in receipts. charters
are being made to carry out enough
y he
navigation to prevent any great accu-
mutation here in the immediate
future. Under present shipping Con-
ditions we deem it inadvisable to sell
corn short, except on good rallies.
Oats-There were fewer oats on
delivery this morning than expected,
indicating that the heavy deliveries
yesterday had been paid for by those
who wanted the oats. The market
felt the effects of this and when wheat
turned strong, there wal. little diff.
Guilty in advancing the Price of cats.
The big stocks in Chicago are. how
eyer,~a bearish factor that will con-
tinue as load on the market as long
as the present difficulty Of obtaining
eD4ern cars continues.
! Provisions-HoS products opened
strong. especially lard, on reported
buying by tae Belgian relief commits
sion. Locals were good sellers at the
advance. Pork broke sharply on stop
loss selling by commission houses
! A falling off in TIE European demand
for. meats together with the very
heavy hog receipts, have been bearist
factors. Cash trade remains quiet
We would not ADVISE short sales or
a decline.
chicago Estimates for Tomorrow.
| FURNISHED by Long Commission Co.
403 Main. Telephone No. 3b0-351.
! Hogs, Ct, 900; 100000 all next week;
cattle, 10000; sheep, $4,000; wheat
AZ; corn, 325; oats, 1876.
| Liverpool Close.
| Wheat, up; corn, unchanged.
Clearances.
Wheat and flour, $4,000; corn,
none: oats, 1000.
Northwest Wheat Receipts.
Minnea>olis, 1872 cars; Duluth, 354
cars; Winnipeg, 933 cars.
Chicago Cash Grain.
CHICAGO, Dec 2.-Wheat-No. Z
red, s1.7O.
Corn-No. 8 yellow, s7A@ssAc:
No. yellow, s5Gs7kc; No. yell
low, SIC: No. 4 white, SEC; No. S
white, 83ac.
Oats-No white, 51A@52Ac; No.
4 white, sic: standard, 52Q52kc.
st. Louis Cash Grain.
Furnished by Long Commission Co.
ST. LOUIS, No.. Dec. 2.--Wheat-