The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-07-25
Late Market Quotations.

Long Commission Co. Grain Letter.
Furnished by Long Commission Co.,
4O3 Main. Telephone No. 1901
| CHICAGO. July 25.-Wheat-The
failure Of the northwestern markets
to rally, from an opening decline az
| fected our market adversely. and ex-
cept for sharp bulge to new high
levels soon after the opening, prices
averaged lower. The sentiment. local
~ is bearish and with every show OF
weakness, pressure is brought to bear
to bring about a sharp break. Re
ports from the northwest are bullish,
both North and South Dakota claim
ing damage and from point In Mani
toba come reports of black, rust. The
situation appears extremely bullish.
Foreign countries are not likely to
raise an average crop and with the
weather in the northwest conductive
to hurting wheat by rust, it is doubt
full if America will be able to supply
foreign demands without materially
advancing prices.
Corn-Hot, dry weather and an
oyer-sold condition in the December
corn brought an advance 20 new high
levels early today. Although heavy
profit taking and large volume Of
bear pressure brought about sharp
reaction from the bulge. the market
received good support, and by mid
day corn showed an advancing ten
dency. Spot corn was i'll better de-
mand and prices up. Argentine freight
rates are SO high as to almost pro-
hibit shipment of corn from that
country, and the domestic cash
handler is enjoying an exceptionally
good demand. The demand for old
corn and the prospects OF hot weather
scares are factors which operate
against the bears.
Oats-Oats ranged lower. Cash
business houses were credited with
hedging against purchases of new
oats and the commission house de.
mand was not of sufficient volume to
take care Of these hedges without
price concessing. A fair export de-
mand exists and clearance continues
unusually heavy.
Grain Review.
CHICAGO, July 25-The market
was nervous today Unloading by
longs on a heavy tone in the north
western markets counteracted addi-
tional rust reports and caused further
declines in the September and De-
cember months. July down at the
opening, steadied on good buying and
was up " at 1875; September was
down 4 at 112A and December down
IA at 1243s. All months are below
yesterdays close.
Corn opened higher but received q
setback on good crop reports. De-
10 a. ot hQfnR
in demand. July was down Il at SO;
September down 70 at 1885.
Oats showed little change. July
down at the opening, was later un-
changed at 41a4; September dropped
3s for the day at 411; December up
at the opening. declined II at. 43h.
Provisions were steady.
Chicago Estimates. for Tomorrow.
FURNISHED by Long Commission Co.,
4O3 Main. Telephone No. 1901
Hogs, $4,000; cattle. 10000; sheep.
$4,000; wheat, 124: corn. 1S5; oats.
III.
Liverpool, Close.
Wheat, higher; corn, unchanged.
clearanees.
Wheat and flour, 1,450,OOO corn,
149, 900; oats, $4,000.
Northwest Wheat Receipts.
minneapolis, 2S7 cars; Duluth. 1S1
cars; winnipeg, $50 cars.
Chicago Cash Grain.
CHICAGO, July 25.-Wheat-No. 2
red, s1.27k; No. 8 red. $1.1ShV
i1.1eN. No. 2 hard, s1.231h; No. 3
hard, SLIT. ;.
Corn-No. 2. yellow, S4@S4Ac; No.
3 yellow, 82k084c; No. 5 yellow,
7sc; No. yellow, 7497shc; No. 2
white, S4@S4Ac; No.. 8 white, 800
S31hc; No. A white, Zee; No. 8 white,
73c; No. 8 mixed, 81hc;. No. mixed
75c; No. mixed, TIC.
Oats-No. white, Ale; No. white
4OA @41Ac; standard, 42k0 43c.
Peoria Grain.
PEORIA, H., July 25.-.corn-Mar-
ket h02kc higher. No. white,
No 2 mixed. SIC; No. white, No. 5
yellow, soc; No. 2 yellow, 81M0s2c;
low, 790791kc; No. 8 mixed, S1kc;
Oats-Market &c higher. No. 8
white, 40c; standard, 401sc.
st. Louis Cash Grain.
FURNISHED by Long Commission Co,
4o3 Main. Telephone No. 1901
ST. LOUIS, Mo-, July 25 Wheat
No. 2 red, new. $1.2901.34; No. 8 red,
new, s1.20@1.30; No. 2 hard. old.
$1.20h.
Corn-No. 8, size; No. 8 yellow,
No. 2 white, SIC; No. 3 white, 81kc.
Oats-No. 2, 40@41c; No. 3, 1910
40zc; No. 2 white, 43c. standard,
421ac; No. 3 white, 41@4akc; No. 4
white, 401a@41c.
Kansas City Cash Grain.
furnished by Long Commission Co ),