The daily Gate City and constitution-Democrat. (Keokuk, Iowa) 1916-1922, 1917-01-15
Late Market Quotation,
ono Commission co. Grain Letter.

I lonQ commission 20. 0Tain IettS..
| CHICAGO, Jan. 15.-WheatLThe
confirmation OF prospective shortage
in supplies Of wheat was given to the
| trade this. morning in q report from
B.. w. Snow, VINO estimates the
amount Of wheat for export and carry
over from January to July l, 1917 at
seventy-four million bushels. In the
| light of figures issued Saturday ip re-
gard to, Europe's requirements, the
strength OF the situation is I'M
paralleled in our history. The visible
supply is decreasing rapidly, incom-
plete figures on last weeks change in
dicating an increase Of over three mil
| lion. Cash wheat is holding its pre-
MUM over the futures. No. 2 red sell
ing in Chicago today at 10 cents over
the May. We feel that it is advisable
| to be in a position to buy wheat ON
the breaks.
wheat, a fair share of Tie buying be-
ing created to export account. EA-
port interests are buying in the coun-
| try and the probability OF a heavy
movement to this market is being
daily reduced. Further unfavorable
reports are being received from the
/
hot and dry. Prevailing prices for
live stock do not warrant any sharp
decline in corn values.
/ Oats-Oats sympathized with the
firmness in other grain markets and
were also helped by clearances of l.
| 2S0, 900 bushels and the prospects OF
sharp decrease in the visible sup.
ply There are heavy stocks Of oats,
however. In all positions and bull
market, from supply and demand
basis cannot be expected for several
months.
| Grain Review.
1 UNITED Press Leased Wire Sery!ce.l
I CHICAGO, Jan. i5.--Wheat had a
steady but rather slow start, gained
slightly early. then dropped again. May
wheat opened up q then lost n, going
to 1856. July opened down Y and sub
sequently lost another u. going down
I 10 1491a September opened up rs
:ken lost Is. going to 134A. There
was no crop news Of importance.
Heavy snow throughout the middle
west was favorable to the winter
wheat.
Corn opened quiet and maintained a
small gain. Offerings were small and
locals bought on wheat strength. May
corn opened up " then gained y, go
/ ing to S91a. July opened up n, gain
ed u, going to 97A.
! Oats were inclined to hrmness.
Trade was light. May opened up Is
then dropped 7A. going to 57A. July
opened up ", the gained ", going to
SIS i
Provisions ruled shade lower
l EARLY TRADING warQ small q
/ Chicago Estimates for Tomorrow.
Furnished by Long Commission Co.
4n2 Max. Telephone No. 550361.J
/ Hogs, $1,000; cattle, 1000; sheep.
$4,000; wheat. Sc; corn. 451; oats.
1874.
! Liverpool Close.
Wheat, corn, oats. withheld by
British government.
/ CIeAranceS.
Wheat and flour, ,O34 600; corn,
$4,000; oats, 1,2S0,O0O.
Northwest Wheat Receipts.
Minneapolis, 400 cars; Duluth, Fl
4 cars; Winnipeg, SO cars.
i Chicago Cash Grain.
| CHICAGO, Jan. 15.-Wheat-No. 8
red, $1.89h; No. 2 hard. $1.94k q
j S1.94@1.95A.
Corn-No. yellow, 98kc; No.
yellow, 97AQ9sAc; No. 4 yellow, SO
Q97hc; No yellow, 9311095c; No.
6 yellow, 92@93c; No. 2 white. sS1k
09sAc; No. 3 white. 97A 09Skc;
No. white, 97@9Sc; No. 2 mixed
CSC; No. 3 mixed, 97@98c; No. 4
mixed, '95k@97kc; No. S mixed.
S4h@95c; No. mixed, 92h09 3c.
Oats-No white. 56h Oslo; No.
4 white. 56h@56Ac; standard, 56A
@57kc.
Kansas City Cash Grain.
furnished by Long Commission Co. ]
KANSAS CITY, Jan. 15.-Wheat-
No. hard. new, S1.90@1.92: No.
hard, new, s1s791.90; No. 4 hard,
new, S1.s4; No. red. new. 1880
1.s1; No. 8 red, new, s1.83@1.S9: No.
4 red, new, s1.S0@1s6.
Corn-No. 2, 95Hc; No. 8. San q
csc: No. yellow, &c; No. yellow.
95hc; No. white, 95hc; No. 3
white, 94h095c.
Oats-No. 2, 54h@551zc; No. 3.
52k@54hc; No. 2 white. SIC; No. 3
white. SEC.