The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1917-05-29

AJf1lOANTO, iMdy 90 nc SAASc6O
board OF trade will be closed tomor-
row, Memorial day, it was announced
today.
Long Commission CO. Grain Letter.
FURNISHED by Long Commission Co..
4O3 Main. Telephone No. 350-35l.]
CHICAGO, May 29.-Note--No ses-
sion Wednesday, May 30, Memorial
day.
Wheat-Recent observations by
crop experts indicate a material I'M
provement in winter wheat, while no
complaints OF consequence are being
received in regard to the spring crop.
We have reached the first of June
without serious shortage of bread
stuffs, and there is every indication
that supplies will hold out until the
new crop is ready. 1t is true, OF
course, that we are much below the
normal stocks at this season. but
those in position to know claim that
the high prices this year have re-
suited in such economy that the per
capita consumption for the lass year
will be at least three-quarters of
bushel under the average.
Corn-Corn was held firm by short
covering and by traders who hoped
to see rally the- day before a holt
day. Their expectations were, how
ever, rudely shattered. The late
weakness resulted from reports from
Omaha and Kansas City that car lots
were in very poor demand and from
the posting Chicago receipts at over
300 cars, as against early estimates
for $50 cars. While, of course.
good portion of our receipts are being
applied on former contracts, they are,
nevertheless, gradually catching up
with the demand, and 1T will be no
surprise to see severe decline
should receipts some day exceed re-
quirements by only few cars. In
dustrial buyers are not supposed to
load up with future requirements at
prevailing premiums over the futures.
Oats-The same conditions that
broke corn depressed oats. There are
plenty of oats in commercial chan
nels, and crop prospects continue
highly favorable.
Observation-Disclosures were free
from selling orders at the openi>s,
and product was unable to be bought
until prices had advanced half
cent pound over yesterdays close.
Profit taking On the advance caused
a quick reaction, but further buying
held prices strong. Packers were
credited with purchases of lard and
meats. Short covering and inquiries
for product by the Belgian relief
commission caused the strength.
Chicago Estimates for Tomorrow.
FURNISHED by Long Commission Co..
400 Main. Telephone No. 350-351.1
Hogs, $4,000; cattle, 1900; sheep,
1000: wheat, 60; corn, 80; oats, IS.
cIearances.
Wheat and flour. 235,000; corn,
none; oats, 100000.
Northwest Wheat Receipt.
Minneapolis. 115 cars; Duluth, SO
cars; Winnipeg, 1893 cars.
Chicago Cash Grain.
CHICAGO, May 2s.-Wheat-No. 2
hard, s275; No. hard, s2.65.
Corn-No. yellow, S1.57h @159;
No. yellow, s157Q1.59; No. 2 white.
s1.57k @1.59; No. 3 white. $3.50
1.59; No. mixed, s1.58@1,59; No. 3
mixed, s1.57@1.59; No. mixed, No.
IS mixed. s1.57s; No. 6 mixed. s1.5612
@1.57s.
oats-No. white. 63@64kc;
standard, 1874 @65c.
st. Louis Cash Grain.
Furnished by Long Commission Col
s. LOUIS, Mo-, May 29.-Wheat--
No red, new, s2.73; No. hard,
old, $3.50.
. Corn-No. 2, $3.50: No. 3, s1.5s;
No. white, $3.50.
Oats-No. 3, No. white, 63kc.
Kansas City Cash Grain.
Furnished by Long Commission Col
KANSAS CITY, May 29.-Wheat-
No. 2 hard, old, s2.71@2.77; No. 8
hard, old, s2.66@2.70; No. hard, old,
's258@2.63; No. red, old, $3.50
276; No. 8 red, old, s2.6592.73
Corn-No. 2, s1.52G1.53; No. 8,
s152; No. 2 yellow, s1.52h9153;
No. yellow, s1.51@1.52; No. 2 white,
No. white, s152k.
Oats-No. 2, 68969c; No. 3, 67@