The Birmingham age-herald., 1911-07-06
EXTREME ADVANCE | IN CORN MARKET IS DUE ID HEAT WAVE Excited Traders Fight Each Other to Secure the
 Grain KANSAS SCORCHED
 FROM END TO END Yesterdays Close on the Kansas City Board of Trade Showed an Ad- vance of Five and Three
 eighths Cents

Chicago, July 5.-A continuance or whitening heat over the corn belt was re- nected in an excited corn market today, the market selling early to an extreme advance of 4% cents as compared with the close last Saturday. Buying orders flooded the pit and quotations varied as much as 2h cents in different parts at the opening. July corn closed Saturday at 60lx cents, and advanced to 6o cents today. September rose to 65 cents, compared with the previous close at 62 cents. Oats extreme 2A cents.
 A private telegram from Kansas City l says:
 No precedent to go by as there have been no records like these. Temperatures Saturday and Sunday in the fields were 1 from 1o6 to 105 degrees. Private advices from all over the corn belt tell the same | story. Oklahoma burned to crisp, Kan sas scorched from one end to the other" It is reported here that implement re- tailers have cancelled many orders.
 The best known of the crop experts here report the condition of oats and hay is the poorest ever known. He places the | July condition of oats at 672, compared with Ss3 last month, and that of hay at 664, against SOP in June. His report puts the present condition of corn at SEA, as compared with s3.1 year ago.
 Corn Tassels White l Word from southern Illinois that the | -ef- an to white and had inflicted heavy damage gave prices another hard shove upward. Before trading ceased the September op- ton in corn had touched e63s cents, and in the end was strong at 6s74 cents, an ad- vance of IA cents for the day. Oats also showed a further rise on top of the early bulge.
 l St. Louis, July 5.-Corn advanced f4G AZ cents over the closing price of last Saturday on the Merchants' exchange he-e soon after the opening today. Oats | wenc ap Ia cents.
 The- July option in corn reached 6S cents and September 6s cents. After 90 minutes of trading the top prices eased off. | Kansas City, Mo, July 5.-Drouth and heat sent the price of corn on the local board of trade today to 5% cents higher than Saturdays close. While traders struggled with each other to buy. the September option reached 6'ss cents, an advance of cents for the week. Car | lots of corn sold cents to cents higher. while white corn brought as high as T cents bushel. Wheat was affected sym patheticaly and held 2ss cents higher
 Cattle Forced to Market
 At the stock yard 2S,p0o cattle arrived, most of them forced to market by ex- hausted water supplies and lack of pas ture Good beef cattle sold at steady prices. Hog receipts were 27,00o, many of them shipped before ready for market. Prices dropped 10 cents to 15 cents. | Amid the widest scenes enacted on the Kansas City board of trade for years, the corn market gained from S1a cents to cents in price In the first 10 minutes of | trad today. During that time approxi- mately l, ,000.O0O bushels had been traded in. | Traders fought each other to secure the grain. At 10:15 o'clock the market had steadied somewhat At that hour Septem- Der corn was quoted at 65i1 cents 10 66ss cents and December corn at 64A cents to 651a cents.