New-York tribune., 1901-07-13
PRICE THREE CENTS.
NO RELIEF FROM DROUTH
CHICAGO GRAIN MARKET
SERIOUSLY AFFECTED.
FEAR THAT HEAT IN CORN BELT WILL
EXTEND TO SPRING WHEAT REGION.
IBY TELEGRAPH TO THE TR1BuSE.I

iSf TELEGRAPH TO THE TRIBUNE.l
Chicago July 12--Under the pressure OF con-
tinued alarming reports of drouth in the corn
belt of Kansas and Missouri. and the probability
that instead of abating in the very near future
the burning winds will extend northward and
make their force felt the spring wheat CROP
prices Of all grains the Board of Trade to-
day continued to soar skyward In nearly all
instances the high points recorded were almost
record breakers for prices which have resulted
from natural conditions. September corn sold
up to 54$ cents. which shows an advance of
about three cents since yesterday and gain
OF about liz cents since month ago. when
the hot spell beginning to have a pro-
nounced effect on the price Wheat sold at
6Sss cents, which is the best it has done for a
month and oats up rs cents.
Conditions in the drouth stricken regions OF
the country assuming a serious nature.
Advices from all parts of the Southwest and
Middle West. where the crops have been already
badly damaged by the excessive heat and the
dryness to-day state that there is absolutely
no change to be reported unless il be that the
situation is worse. There is absolutely nc re-
lief in sight 1t is the impression that outside
of Kansas and Missouri the corn crop has not
suffered TO a disastrous extent as yet. 1t is
still capable of making a fair crop in these
places, should rain appear within the next few
days
But in the event OF another ten days OF dry
weather. accompanied by fierce heat. such as
has been experienced in the last two weeks it
is probable that the country will suffer greatly.
Fortunately. immense winter wheat crop has
already been secured. While corn probably took
the leading place in the grain which is being,
affected. wheat showed the greatest strength
to-day No serious damage has resulted to the
spring wheat crop up to date as result of the
drouth- The indications are that not only will
the hot. dry spell continue but that it will
move northward and do damage TO that grain
Another item, which probably is the principal
cause for the remarkable strength shown in
wheat now, is that there is so little for sale.
This is caused by the probability that. owing,
to the losses of corn. oats and hay. much wheat
will be used for feeding cattle.
From Kansas City to-day came the report
that hay selling at $40 ton there and corn
at o612 cents bushel- Even with wheat cor
respondingly high. the message said farmers
would not sell that grain at present prices. and
only contracts that were made previously were
being filed.
Reports to-day were that in Kansas. Mis-
souri, and portions of Illinois and Kentucky.
the drouth unbroken. and that the damage
to the corn crop was grave matter. One man
who has travelled over Kansas and Missouri in
the last ten days expressed his opinion that the
crops in those states were practically gone
Corn. he said. had been badly stunted that
much of it will not under any conditions
from now on in the burned districts Only rain
within the next few days. he thought. would
help matters Belatsd showers will be of no
avail In saving any of the grain.
Conservative estimates are that in Kansas the
corn crop will not amount to more than fifty
million bushels at the best, and probably not TO
that much If the dry spell is pr0tTacted- Last
year that State had 163.0000H0 bushels and the
year before 23I,OOoOOO bushels. The loss on
hay ard potatoes, II is said. is only second in
seriousness. There is still no rain in prospect
Lincoln. Neb., telegraphed to-day that this
was TIE fifth day Of abnormal heat. The effect
on the corn crop in that vicinity. II was said.
was problenatical. According 70 advices from
| Des Moiues. there has been serious harm TO
corn as yet but IL is added that a few more
| days OF the intense heat will mean bad losses
| for both corn and oats Weather forecasts in
all parts Of the burned section are unanimous
in the opinion that IL will be several days before
any relief is experienced They also agree or
| the possibility of the hot winds going northward
| and menacing the spring wheat crop. Even to-
| day grain men in St. Paul, according 10 reports
received from that city. beginning 10 fear
| for the wheat in the Red River Valley, where
| fields recently flooded are experiencing fntensa
4 hear