The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1917-04-10
Late Market Quotations

Long Commission Co., Grain Letter..
FURNISHED by Long Commission Co..
4OS Main ST. Telephone No. 35O-351.l
CHICAGO, April 10.-Wheat-To
the lay mind, speculation, or, more
broadly speaking, trading in contracts
Tor future delivery, is the cause for
high prices. Even those well inform
ed on general subjects connect trad
ing in future deliveries with boosting
prices. AS a matter OF fact, farm pro-
ducts dealt in are cheaper than those
not traded in in an open market. Pro-
such as potatoes, onions, beans
and cabbage are relatively higher
than grain. Contracts for wheat for
delivery in May are quoted now
around $2.07, while cash wheat of con
tract grade is selling around 20 cents
to 40 cents per bushel higher, depend
ing on the location. Similar prem
iuns exist, although not Sc great on
cash corn and oats. Now, future trad
ing, instead of boosting prices, has
held them down. Grain dealers. ex-
porters and millers, by hedging in the
open market, have been able to fix rea-
sonable commercial profits. In fact,
there is no business in which the diff
ference between producer and con-
ume is so small as in the grain bus
mess, as at present conducted. Close
the grain exchanges, and the increased
risk of handling products will concen-
trate the business in a few hands, and
the producer will receive what the
buyer sees fit to pay, while the con-
sumer will be charged whatever the
seller may be able to exact.
Let us not permit ourselves or the
Nv ( ~ ~ JNo~sy1l 1-T{~ 4Lo R,~~
ton of u open market, such as the
Chicago board of trade, which has
I'VE closed it's doors in any emer-
gency, The hardship worked on the
southern farmer by the closing of cot
in memory to warrant similar action
now in regard to graip exchanges.
Chicago Estimates for Tomorrow.
FURNISHED by Long Commission Co.,
Hogs, $4,000; cattle, 5000; sheep.
Wheat and flour, SIP 900; corn,
$50, 900; oats, 5000.
Northwest Wheat Receipts.
Minneapolis. POI cars; Duluth, IS
cars; Winnipeg, 423 cars.
Chicago Cash Grain.
CHICAGO, April 10.-Wheat-No.
2 red, s2.19@2.19A; No. 8 hard.
s2-15A @2.15h.
Corn-No. 2 yellow. s1.31@1.34;
No. 8 yellow, si.soA @1.3Sh; No. 4
yellow, $1.3O@1.31k; No. S yellow.
S1.31; No. 3 white, S1.3S@1.39; No. 3
white, s1.37Q1.3S; No. a white,
S1-36A; No. 5 white, $1.35@1.36; No.
2 mixed, $1.31k; No. 3 mixed, s1.29
@1.33k; No. 4 mixed, $1.28k Obs;
No. 5 mixed, s1.29k.
Oats-No. 8 white, 66@6skc; No.
4 white. 66k467c; standard, $40
67kc.
Kansas City Cash Grain.
Furnished by Long Commission Col
KANSAS CITY. April 1O.-Wheat
No. 2 hard, old. s2.22h @226k;
No. 3 hard, old, s2.1792.26; No. 4
hard, old. s2.14@2.1s; Nc. 2 red. old,
s2.22@2.26; No. 8 red, old, $3.50
2.25; No. 4 red, old. s21O@2.18.
Corn-No. 2, s1.37@139; No. g,
s1.33@1.35k; No. 2 yellow, S1.37@
1.38 NO. 2 white, S1.37@1.40; No.. 3
white, $1.39.
Oats-No. 2, 6s@6sc; No. 3, s7@
CSC: No. 2 white, CSC; No. 3 white.
.7Ok@71c.
St. Louis Cash Grain.
Furnished by Long Commission Col
ST. LOUIS, Mo-, April 10.-Wheat
No. 2 red, new, 1898; No. 8 red,
new, $2.17@2.23; No. 2 hard, old,
s2.27@236.
Corn-No. 2, s1.O4k; No. g., s1.4o;
No. 8 yellow. s141@1.41k; No. 2
white, s1.42@1.43; No. 8 white, s1.41.
Oats-No. 2 white. 72hac; standard
71h q No. 3 white, 71@72c; No.
4 white. 7o970Ac.
Peoria Grain.
PEORIA, ILL.,, April 10.-Corn-
Market 3@5c lower. No. 3 white,
s1!3501.36; No. 2 yellow, s1.36; No.
3 yellow, No. 4 mixed, s1.34; No. 5
yellow, s1.32; No. 3 mixed, s1.34@
1.35.
Oats-Market 1k@2c lower. No.
3 white, 67k46Sc.
Chicago Live Stock-Ciose.
FURNISHED by Long Commission Col
CHICAGO. April 1O.-Hog receipts