Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-09-13
WHEAT STILL CLIMBS
STORIES OF FRosTS ADD FRESH
zEST TO BULL CAMPAIGN.
Chicago Chamber Opens With Widest
Excitement-New High Rec
ord at Minneapolis.

. CHICAGO. September 13.-Blighting frosts
over the Canadian northwest today added
lfesn zcst to the bull campaign in wheat.
FORCING prices up to new high record
mark Following SO closely upon the gov
eminent crop report. showing the smallest
yield III decade for the United States, the
announcement today that untold damage
h;sd been inflicted during the night upon the
Canadian wheat fields necessarily awaken
ed gravest fears among traders.
Adding to the seriousness Of the situation,
the weather bureau forecasted frosts to-
night throughout Minnesota and the Da-
kotas. AS one trader expressed IT all that
now remains. apparently. is for a fire to
come and burn up the leavings.
The widest excitement prevailed Oil the
board from the moment trading began.
Shorts were urgent bidders for wheat, but
offerings were hard to find. AS evidence of
the scarcity initial quotations on all deftv-
cries were up cents compared with yes
terdays closing price. May opening at 115H
to 116A. December opened at ia to 114a4.
AS trading progressed May scared to 113
a bushel. which is 1 cent higher than the
record price made on August 20. In the
meantime December had advanced to 116
bJshei.
During the latter part of the session a
new high record market for the May deliv-
cry was reached, the price touching 11S&4a
l1S3ss., nearly 2 cents above the former high
price. December also shared in the ad-
vance, selling up to 116asc. The demand
the market closing strong with May up 3Aa
3ss., at 11T7sa11Sc. December closed with a
gain Of 3hc., at 115Ac.
Advance of 8 Cents at Minneapolis.
MINNEAPOLIS Mimi, September ID
Wheat advanced today nearly cents above
yesterdays close touching 127 and max
ing new high record for September. News
Of heavy rains in the Canadian northwest.
followed by freezing temperature last
night. gave the trade a bad scare.
Then came the weather report predicting
hard frost in the American northwest to-
night. II this prediction IS borne out there
viii be heavy damage to the spring wheat
that has been left by the rust. The Deem
Der option went to 119h and May to 1201z.
Raise Of 4 Cents in New York.
NEW YORK. September 13.-Wheat in
the New York market shot up no less than
A cents bushel today, making almost 8
cents rise in two days as result of Satur-
days bullish government crop report and
todays cold weather in the northwest. The
map was especially unfavorable in this re-
sPect and caused heavy covering during
the forenoon by some of the big houses
that have hitherto stood out against the
advancing tendency of the market. Wheat
Is now higher than any time since the
Letter deal of 1898. Corn Jumped cents a
bushel on the abnormally low temperatures
and the rains In western states Frosts
were predicted tonight as far south as Kan
sas. ''--,'7 -
While the afternoon market was less ex-
cited. 1t showed great strength and at one
time went to s1.2Oss for December, estab-
fishing new high record for the past six
years. tremendous realizing on the bulge
caused prices to waver but failed to create
any important reaction, and the market
closed strong at 31a advance over Monday
night, with corn up rs for the day