The sun. [volume] (New York [N.Y.]) 1833-1916, 1900-06-24
BOOMIN WHEATANDC COTTON
DULLs IN CONTROL or THE AMERI.
CAN MARKETS.
Europe slow 10 Bay wheat and Pooh-rsenIns
the Advance in otton-Dous Whsss non
40 Far Away, Say the Bulls in That staple.

Europe slow 70 Bay wheat and Pooh-Peohins
the Advance in C~otton-Douar Wheat Not
10 Far Away. Say the Balls in That staple.
A rise OF AZ to 8 cents took place at the
Produce Exchange yesterday owing to con-
t.nued drought at the Northwest. TIL cables
were also stronger. showing . rise OF ~ pence
at Liverpool, OF u to 90 confines at Paris.
Nv marks at Berlin and Is kreutzers ct Buda-
nest Winnipeg reported . temperature OF
% in the shade. and in other parts Of the ex-
trsme Northwest It was l02 10 i0<. Commission
houses we're doing q large business, and Europe
was also buying on Q liberal scale.
The private wires wore so loaded down with
orders to buy and sell that crop news and other
routine matter were delayed, The Chinese
news was unfavorabla. but 10 had far less
weight than the crop reports from the North
west and Manitoba. On every slight setback
big orders to buy flooded In. and the talk Is
arowing louder and louder that dollar wheat
h not fsr,of. Flour advanced Is cents q bar
rel In Duluth September wheat rosa D centa-
Some Of the foreign houses sold December on
on the rtse. Europe was not 20 large q buyer OF
any Of the months az Is this County DenS
rather ~sceptical about the extent OF the damage
s 2 th IN N me- soSts 10 or make sisT good 9ety' the a2esaoiy.
The !rsn.aOa9ns az the Produce 1nIs E sios1aS
0IuOuIL6u W UDsV pubh'o WIFI $3.50.
O7N, September at s2>1 and DecembSr At s2k
conts. The general sentiment, V stu bullisni
Some winter wheat fields are being ploughso
up In South Dakota.
THE bulls again resumed business on th9
Cotton Exchange yesterday and the shorts ana
others accepted an invitation to pay an eo-
vance OF q % n poi1ts or : rise o. about Tbs
Eississipu Valley and the Gulf Ststes and heavy
buying BY the West the South and local opera
TORS for both and q long and short account. itn
argued by the advocates OF higher prices thst
unless the crop conditions improve materially
and very marked advance. The Onrortcte
weekly weather and crop report was bullish In
asmuch as 1t reported an excessive rain not
only In parts OF the Mississippi Valley bat also
IN deorata, Alabama and Florida, From Texas
too there are some complaints. OF shedding ana
Of boil weevil, while the northern part OF the
State needs rain. All this. together With another
They were rather demorallzed anyhow after the
rough handling they have had during the week
Western, Southern aud New York shorts;
Europe Is trying to pooh.pooh the advance.
but bulls say that Lancashire and the CONT
nees BY this time. as they have had to pay dearly
enough for II, especially Lancashire, within tho
last six months. The argument Of the bears Is
that 1t 10 too eary In the season to gauge tho
crop accurately. Bulls answer that II looks bad
enough and that II the outlook continues bad
much longer bears will have further cause to
wish they hsdnt The speculation wa. vsry
substantial advance. Notwithstanding some
reaction due TO the usual realizing. September
was the banner month, and It wound up at s.o< |
October at 40 and January at SIS.