The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1917-05-12
Late Market Quotations
Lona commIs.lon Co. Grain Letter.

Long Commission Co. Grain letter.
| Furnished by Long Commission Col
CHICAGO, May 12.-Wheat-The
unprecedented action in regard to
May contracts in Chicago led to such
unsettlement on the part of the gem
eraI trade as to cause spectacular
fluctuations in values. Whether the
buying Of later deliveries was by
| frightened shorts by foreign govern
ments, or in the way of replacing in
! later months, contracts originally
made for May delivery, would be
difficult to say The market has
demonstrated its dangerous character
and the upturp today occurred be-
cause of lack of heavy offerings.
rather than because Of any enormous
volume of buying. We cannot believe
that prices now quoted for July and
September delivery will be the prices
at which the entire United States
and Canadian output will be absorbed
and consequently feel that radical
readjustment of prices to a lower
level will soon follow.
Corn-The action Of corn was
largely sympathetic with the radical
upturn in wheat, with much Of the
late buying to protect daily offers.
When the anticipated decline in
wheat occurs corn will no doubt,
sympathiss.
Oats--Added to the reflected
strength from wheat came a good
deal of covering by shorts, particu-
larry in the current delivery, and the
opening interest has no doubt been
materially reduced. Should this prove
true, the market is likely to be
affected by the comparatively small
volume of trade. We believe every
thing on the list is now selling too
high.
Chicago Estimates for Tomorrow.
FURNISHED by Long Commission Co.
403 Main. Telephone No. 35O-351.l
Hogs, $4,000; cattle. $4,000; sheep.
10000; wheat, 40; corn, 100; oats,
1875.
Clearances.
Wheat AMI flour. 314.000; corn,
81 900; oats, $4,000.
Northwest Wheat Receipts.
Minneapolis, 1S1 cars; Duluth, 81
cars; Winnipeg, 1888 cars.
Chicago Cash Grain.
CHICAGO, May Wheat-No. 3
spring, 1886.
Corn-No. 2 yellow, s167016s; No.
8 yellow, s1.65k@1.67; No. 4 yellow,
s1.64@1.641s; No. 3 white, s1.675sD
1853; No 2 mixed, $1.67; No. 8 MIXED.
$165k@167; No. 4 mixed, $164k;
No. mixed. s1.66.
Oats-No. 3 white. 72k @73Ac;
No. 4 white, 72c; standard, 72A@
74Ac.
ST. Louis Cash Grain.
Furnished by Long Commission Col
ST. LOUIS, Mo, May 12-Wheat-
No. 2 red. new, $3.40; No. 3 red, new,
S338@3.46; No. hard, old. $3.50.
Corn--No. 2, $1.6701.67h; No. 8.
81 66@ 1877; No. 2 yellow. $1.6s; No.
2 white. $1.721a @173; No. white.
$1.70As.
oats-No, 2, 71hc; standard, 74c:
No. 8 white. 72h@7sc; No. white.
71h@72c.
Kansas City Cash Grain.
Furnished by Long Commission Col
KANSAS CITY, May 12.-Wheat-
No. 2 hard. old, $3.34@3.32; No. 3
hard, old. s3.30@3.34: No. hard,
old, s3.24@3.29; No. 2 red, old, 1896;
No. red, old. 1928.
tOTn-INO. q, $I-o3I2j NO. q, $I06A
@1.59; No 2 yellow, $1.591s; No. 3
yellow, s15S@1.59; No. 2 white, $3.50
CLIO; No. 8 white, s1.66@1.6s.
Oats--No. 2, 72@73c: No. 3, TO
72c: No. 2 white, 74k@75c; No. 8
white, 741sc.
Chicago Live Stock-cIose.
Furnished by Long Commission Co
CHICAGO, May 12.-Hog receipts
11.000; market 10c higher Top,
$3.50; mixed and butchers, s1575@
1910; good heavy, s15.70616.40;
rough heavy. s1570@15.90; light,
SIS 2o@1630
Cattle receipts 700; market steady.
Top, 1870.
Sheep receipts 500; market steady.
Tops, s14.75@19.00.
Chicago Live stock.
CHICAGO, May 12-Hog receipts
10000; market strong, 10c higher.