The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1916-07-19
Late Market Quotations

Long Commission Co. Grain Letter.
furnished by Long Commission Co.,
4O3 Main st. Telephone No. 1901.
. CHICAGO. July -Wheat-The
factor In wheat market today has
been the total ignoring of the rust re-
ports by the majority Of the trade
The situation in the northwest as re-
ported has become sensational and
1t would seem that with no further
spreading Of rust there will be enough
damage to materially lessen the yield
as estimated at the beginning OF this
month. 1t has become SO generally
accepted that the low prices on
wheat should be reached during the
harvest In the fall that investment
buyers are holding of, awaiting q
more favorable time to buy. Mean
time, a good demand exists for all
the new wheat arriving and with ev
cry indication that the crop will be nc
larger than the governments recent
estimates, present prices seems rela
lively cheap and irregularly higher
values indicated.
Corn-Reported showers in Kansas
and the belief that the heated season
had, temporarily at least, ended
brought about sharp setback In
corn values, especially for the new
crop deliveries. Sentiment Is I'm.
commonly bearish on account of the
high prices and the prospects of a
large crop in the regular corn belt
Prevailing prices has resulted In a
heavy run Of corn for July and the
total primary receipts for the crop
year have been enormous. Exporters
are in the market for corn and the
heavy run of the month has all been
taken care of and local stocks gradu'
ally decreasing. Under the c1rcum-
stances it is well to avoid the selling
side of corn except on the sharp raj
lies.
Oats-The break in wheat and corn
affected oats adversely. Industr1als
and cash interests were good buyers
Of the December. One concern was
credited with buying million bush
els of September and December. Some
cut in the yield has resulted from the
heat, but it is generally believed that
the crop promises is so large that the
loss will not be q serious factor in ad-
vancing prices.
Price Current says: The winter
wheat harvest is nearly completed.
The returns are, in the main, about as
July / Indications, except from Mis-
souri, and southern Illinois and the
Pacific west. Spring wheat region
has been under black rust reports
and some little indications of proba-
Bile trouble from that source. How
ever the damage thus far is not great.
The oats crop is nearing harvest
in the big belt. but hot weather OF
the last ten days has probably checked
normal filling and some reports OF
damage are coming.
Corr has fine growing weather
where moisture is ample, but the
weather bureau indtcn1es warm
weather in some sections and reduced
prospects southwest.
Grain Review.
CHICAGO, July 19.-Wheat prices
were unsteady today, May and Decem-
Der making fractional gains on steady
buying, while September was down y
at 111N, on heavy offerings. July
and 114B respectively.
The uncertainty of wheat values in
fiuenced the corn market. July was
unchanged at 1914; September up "
at 747s; December down u at 63M.
Predictions OF cooler and showery
weather coupled with the easier trend
in the other grains, caused a drop
in September and December oats.
July was up IL at 40as: September
down " at 40A; December down "
at 421s.
Provisions were steady.
Stock Market Notes.
NEW YORK, July 19.-Studebaker
and Industrial Alcohol were the CEN
ter OF interest IN a quiet and narrow
market at the opening of the stock
exchange today Studebaker sold up
IA at 12S and Industrial Alcohol IA
to LOG. Reading was up "; Steel
gained fraction and coppers showed
slight Improvement.
The market gained in strength
around noon ard in the early after
noon. Industrial Alcohol was a lead
er, selling up Az to 1924. Pressed
Steel Car gained n and United Fruit
two points. Cuba Cane Sugar and
American Beet Sugar were excep-
tons in the market. both falling
back over point.
Chicago Estimates for Tomorrow.
FURNISHED by Long Commission Co.,
4o3 Main. Telephone No. 1901
Hogs, $4,000; cattle, $500: sheep,
IL, 900; wheat, 70; corn, 214; oats, IS.
Liverpool Close.
Wheat, "a lower; corn, 1 lower.
Clearances.
Wheat and flour, 100000; corn,
141 900; oats, $4,000.