The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1917-04-23
Late Market Quotations
Long Commission CO. Grain Letter.

| FURNISHED by Long commission Co.
403 Main ST., Telephone 35O-351.]
CHICAGO, April 23.-Wheat-Ex
treme dullness ruled. The deferred
deliveries were under greater pres
sure than the May crop reports, be
ing generally more favorable. The
Visible supply is decreasing rapidly
the reduction last week being nearly
four million bushels, which brings
the total down to about 3O,000.000
bushels against more than 100000
bushels a year ago. The government
is more likely to Ak minimum rather
than maximum prices at least until
the seeding period is over. High
prices will be greater incentive to
increased production than any purely
sentimental argument. The cash
situation still remains strong. a sale
of No. 2 red at 40 cents over the May
delivery having been reported.
Concentrations in corn are SINH
lar to those in wheat, except that it
is generally believed that reserves in
second hands are greater in the case
Of the former. There was a good
deal Of selling early today, especially
by local traders, on the theory that
an increase movement might soon be
expected The decline, however. was
checked by cash interests and by the
relative strength Of cash corn, premi-
ums for which improved as the fu-
lures declined. If the average is as
large as anticipated, there will be
constant pressure on the uture and
prevailing levels will be difficult to
maintain
Oats-Favorable crop reports and
the easier tendency in other grains
caused lower prices for oats, futures.
A fair proportion Of the heavy Chica-
go clearances of last week is des-
tined to Canadian ports and will
therefore disappear from our visible.
Bearish sentiment is very pronounced,
making the short side dangerous on
extreme breaks.
Grain Review.
UNITED Press Leased Wire Serviee1
CHICAGO, April 23.-Wheat open
ing with slight declines, broke to low
er levels and later regained earlier
losses. May opened unchanged and
later declined " to 2304: July opened
down u, later gaining r., going to
1914. September opened down IN
and later advanced II to 1751s.
Following wheat, corn prices also
broke. May opened down III re-
manning unchanged at 1879; July
opened down /, later losing Is to
1855. September opened down IN.
unchanged at 1854.
Oats lost steadily after the opening.
May opened down IS, later declining
~ to 63N; July opened down "a
later dropped an additional u to
61A. September opened loss Is, de-
clining " to 537s, later.
Provisions opened slightly lower,
but regained the losses on later trad
ing with the slight rise in hogs.
Chicago Estimates for Tomorrow.
FURNISHED by Long Commission Co..
403 Main. Telephone No. 35O.S5l.l
Hogs, $4,000; cattle, 5000; sheep,
$4,000; wheat, 100; corn. $50; oats,
200.
Chicago Cash Grain.
CHICAGO, April 23.Wheat-No.
2 red, s2.54@2.65; No. 3 spring,
s2.s6h.
No. 3 yellow, S1.45h@1.4SA; No. 5
yellow, SLASH @1.4s; No. 6 yellow,
s1.46; No. 2 white, $1.49@1-52; mo.
8 white. s1.4sk@1.5o: No. 2 mixed.
s1.46h No. mixed. s1.44A
91.4s; No mixed, s1.459l.47h;
No. 5 mixed, S145@1.47.
Oats-No. 3 white, 67@68Ac: No.
4 white. 66a4 @67hc; standard, 67h
@6shc.
st. Louis Cash Grain.
r Furnished by Long Commission Col
ST. LOUIS, Mo, April 23.-Wheat
No 2 red, new, s2.85; No. 3 red,
new, s2.73@2.S0.
Corn-No. 2, $1.4e; No. 8, s1.45k@
LAG; No. 3 yellow, s1.46k; No. 2 |
white, s1.54@1.5s; No. 3 white. s155 !
@1.56.
oats-No. 3, 69c; No. 2 white. 7tc;
standard, 6sA @6skc; No. 3 white, |
6s@691ac; No. 4 white, 6S@6Skc.
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