The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1917-01-25
Late Market Quotations

I lokO N4
Long Commission Co. Grain Letter.
Furnished by Long Commission CO..
403 Main st. Telephone No. 350-351.]
CHICAGO, Jan. observation-disclosures
al commission house buying OF wheat
! forced local shorts to cover on the OPP
two cents over last nights close but
holding about only half the advance
at midday. Throughout the morning
leading bears pressed the selling side
but. on minor setbacks. commission
houses demand broadened out and
gave the market fairly firm under
tone. The fact that our market has
gradually gained on northwestern mar
kets is responsible for q good deal Of
| the bear sentiment locals. This mar
rowing of the difference is attributed
| to the even greater difficulty which
shippers Of spring wheat are finding
| in securing cars to go east. TOday's
advance here has been helped by the
unusual strength in corn and by the
fact that foreign buying has not abat-
ed as much as the trade had been led
to expect. The greater possibilities
seem to be on the long side.
Corn-Renewed export buying and
confirmation of serious damage in the
Argentine which, in some quarters Is
expected to result IL embargoes
against corn shipments, were features
in strong market. New high levels
were reached and well maintained at
midday. The late bulge resulted
from buying, in a large way, which
was attributed to seaboard and for
eign interests. At prevailing prices
| it seems advisable to await setbacks
before purchasing, although the ad-
vance does seem to have run its
course.
Oats-Buying by shorts and by
spreaders who have been selling oats
against purchases OF corn, was the
principal feature in a strong market
Exporters, who have been the heaviest
buyers for several days. were again
in the market. Bearish features have
tbeen well discounted and on moderate
breaks, the buying side looks better.
Grain Review.
limited Press Leased Wire Servtce]
CHICAGO, Jan. 25.-British COM
ments upon President Wilson's note,
regarded indicative of the opposition
| that peace moves would prevail.
caused a rise In the grain market. A
grains opened up. remaining tnat
way with exception OF July. May
wheat opened up and gained 70 go
ing to 1854. July wheat opened up
* subsequently losing ~. going 70
1874. September wheat which opened
! up IA, gained u, going to 1875
| Corn showed strength. Offerings
were light. but on the bulge some
long corr vas sold. May corn opened
iup * and gained y. going to 1O3A,
/ higher than January Is. when II
reached 1929 s., breaking
record. July corn opened up 70 anu
| gained Is, going to 10lA.
Sharp gains were made In oats, the
strength i'm wheat and corn being the
governing factors. May oats opened
/ I'm u subsequently gaining Is, going
| to $50. July opened up "a. selling up
IN at 5sk.
Provisions like grains sold higher,
firmness in hogs together with hgnt
receipts was responsible.
Chicago Estimates for Tomorrow;
FURNISHED by Long Commission 20,
4o3 Main. Telephone No. 350-35l.J
Hogs. $4,000; cattle, 1000; sheep.
5000: wheat, 20: corn, 260; oats. l79.
| Liverpool Close.
| Wheat, corn, oats, withheld by Brlt
| ish government.
| Clearances.
Wheat and flour, 100000; corn.
81, 600; oats, 1000.
Northwest Wheat Receipts.
Minneapolis, 157 cars; Duluth, ~
cars; winnipeg. 517 cars.
Chicago Cash Grain.
CHICAGO. Jan. 25-Wheat-No. 2
red. s1.91@1.92A; No. 3 red. $1.sbA
@1.S6h. oo. ~. !,
yellow, s1.o1k6103h: No; yellow.
s9hc@s1011a; No. yellow, SIC:
No. white, s1.O11s @1.o31a; NO. 4
white, s1.00ts G1.01; No. white. 30
0peec: No. 8 mixed, s1.01k @1.O21s:
No. mixed, 99hc@$1.01; No. 5
mixed. 97A@97kc.
Oats-No. 8 white, ssh @59c; No.
4 white. 57A@5sAc; standard, sS%
] @5skc.
! st. Louis Cash Grain.
FURNISHED by Long Commission Col
ST. LOUIS, Mo-, Jan. 25.-Wheat--
No. 2 red, new. s1.94@1.99; No. 8
red. new. s1.S6G1.87.
Corn-No. 2, s1.o3: No. 3, $1.Ol
No. yellow, s1.o1@1.01k; No: 2
white, $1.02@102k; No. 3 white,
/ s1.011b; No. 4 white. $1,000.
Oats-No. 2, 5Sc; No. 8, SIC; stand
ard, 591sc; No. 3 white, 5Sh@59c;
No. white, SIC.
Kansas City Cash Grain.
FURNISHED by Long Commission Col
KANSAS CITY, Jan. 25.--Wheat-
No. 2 hard, new, s1.89@1.901a; No. 3
hard, new, s1.S8@1s9; No. hard,
new, s1S091.ss; No. red, new.
sl.s8@1.89; No. 3 red. new, $l.S5W
;1Ss. No. 4 red, new, $1.80Q1.S6.