Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1911-07-05
CORN SOkRS
LIKE SKYROCKET
Wild Scenes Enacted on Kan.
sas City Board of Trade
and Chicago Market
HEAT IS KILLING THE CROPS
Oklahoma Burned to a Crisp
Kansas Scorched From One
End to Other.

tBy Special Leased Wire to New Mexican)
Kansas City, Mo-, July 5.-Amid the
widest scenes enacted on the Kansas
City Board OF Trade for years, the
corn market gained from 3 1-2 to )
cents in price in the first ten minutes
OF trading today. During that time
| approximately one million bushels had
been traded in.
Chicago Market Excited.
Chicago, ILL.,, July 5.-Continuance of
whitening heat over the corn belt was
reflected in excited corn market
here today, the market advancing
early to an extreme advance of 4 ga
cents compared with the previous
close Of Saturday
Buying orders flooded the pit, and
quotations varied as much as PIP
cents in different parts at the open
ing. July corn closed Saturday at
60 IA cents and advanced to Go cents
today. September rose to &C, compar-
ed with the previous close at 81 cents.
Oats shared in the excitement, ad-
vancing an extreme of IA cents.
A private telegram from Kansas
City says: Temperatures Saturday
and Sunday in the fields were from
106 to lis degrees. Private advices
from all over the corn belt tell the
same story Oklahoma burned to
crisp; Kansas scorched from one end
to the other
1t is reported here that implement
retailers have cancelled many orders.
The best known of the crop reports
here report that the condition of oats
and hay is the poorest known.
Wheat was affected chiefly on the
bulge in the course grains. Reports
of excessive heat in Russia added to
the encouragement of the bears. Sep.
tember started at 80 ga to 81 10, a
gain of "a to 1-2 and rose to 81 3-4
bears.
Provisions sympathized with the ad.
vance of cereals, but receded on ac.
count of an extraordinary increase
shown in the worlds lard supply.
First sales We're unchanged to Z IL
higher, with September delivery at
1886 for pork, S.45 to SAT 1-2 for lard,
and S65 for ribs.
Wall Street.
New York, July 5.-Bear operators
sold stocks heavily this morning in
the expectation that the continued
hot weather would influict heavy dam
age to crops. Prices broke sharply at
first but the movement soon grew
steadier and stocks recovered part of
their loss.
The decline of four points in Cana.
dian Pacific and of lesser amounts in
the Erie issues was explained as be.
ing due to the official denial by the
head of the Canadian line that it was
to obtain control of the Erie. Re
verses from the low level became
more extended during the second hour,
Canadian Pacific rallying l -, and
other stocks half to three fourths.
Activity, however, gradually diminish.
ed as the rise proceeded.
Mrket Saggs.
Chicago, July 5.-The market sag
ged materially when the effect Of the
corn furry wore Off somewhat.
Cotton.
Liverpool, Eng, July 5.-Close-
Cotton spot in fair demand. Prices
four points higher. American mid
ding fair S.53; good middling S.21;
middling 799; low middling 7.79; good
ordinary 1853; ordinary 72S; sales
5000 bales.
Market Shoots Up.
The close was steady at a gain of
/ 3-S@1 L. Corn closed strong. In
the final hour of trading the market
shot up higher than ever. The close
was strong at gain of 3-4 for Sep
tember.
New York, July 5.-Standard cop
per weak; spot and September 1850
1925; dull s4.45@4.50; bar silver
527-S.