The sun. [volume] (New York [N.Y.]) 1833-1916, 1911-07-06
HEAT BOOSTS CORN FUTURES
FEAR or CROP FATLt RE SENDS
PRICES SOARING.
(hicaso and ~. Louis Hoard OF Trade
Markets Open with Isig Advance over
saturday and with Much Excite.
mcnt Among speculative Buyers.

WcUt AMONG SpccUlatNc buyers.
CHICAGO July S Tho effect of the
countrywide grasp which the hot wave
has taken became evident on the Board
Of Trade to-day. Inside Of two minutes
after opening there was an advance Of
from to 5 cents in corn futures, which
closed at CO.. cents to-day The market
closed within ga. cent of the highest
figures of the day and from "a cents to
cents above where they left off Saturday
Wheat traders were loss alarmed about
the fate Of the spring wheat than were
the corn traders about their specially.
for the weather in the Northwest had
been comparatively COOL with some
moisture scattered in showers in the
northern part of the region this side of
the Canada line. TN the other side tho
prospects were fine for the record wheat
crop that has been getting into shape
since seeding. Chiefly under influence
of the excited demand for corn and oats
July wheat closed a quarter OF cent
higher and September lssm zc. higher.
Oats gainel from IL. to cents a bushel
ST. LoUIs. July s. Naturally enough
in view Of the hot. dry weather and ncws
OF deterioration in me growing orop
tltTe WIS an ullsftlI Itu SftSlol vi lit WIN
future market here to-day. At the out
set prices were up %. GEMS TO ~ cents
from Saturdays finish and traders found
II difficult to execute orders when the bell
| rang. 50 excited were operators Sep
! tembcr was the great centre of attraction.
opening at G6'a to 86'.. but falling of
steadily TO % cents and then to 60is cents
as the excitement cooled on The market
hesitated for u while. but suddenly up
to 07' cents, to B8I cents, TO 81. cents
bid al the close. A.. cents over last Satur-
day and 10 cents higher than on June -.
There was also great furry in Decem
ber. which ofened at GS'. cents. ranging
afterwari from as. cents to go cents, to
85l. cent ), to SO cents when selling became
more general and the market sagged to
0o's cents. advan, ed to 65ss cents and then
| at 85i3 cents. to co., cents. 10 CO cents, to
8f%Oh cents bid at close.
The general condition OF the corn crop
on July 10 unless. there Ia good rainfall
meanwhile, will be much lower than last
Saturday The weather IL hot and dry
! nea rly everywhere. the only precipitation
being in The Southeast
An Iowa report says corn has lost
poinIs since the last summary.
An expert rcpo,,s the condition Of corn
50 4. against Sal last year. and the possi
bile crop 1850. 600 OCO bushels.
| CoItMBIA. Mo. july Sam Jordan.
corn expert in the employ of the State
~ u
night from a trip through the Big Mis-
| souri, cCrn counties. said:
Unless i; rains in three days the Mis-
sour; corn crop will be cut TO almost
| half. because il is already damaged SER
ious'y in many localities In northwest
| Missouri corn is in better cultivation than
in central Missouri. Hot winds have
made the corn curl Much Of il is just
ready to tasssl ard some has already
tasse|sd. Corn that has tasseled is not
| going 20 yield"
CHI,.ot. Julv Shows report for
july shows m increase OF jW.0n acres
! ia tho corn area, the increase being mainly
| IN Iowa and tho NorthwCs:. lne con-
dition is reported a, se4. against S3.i
last year. end with the exception Of 1898
I is the lowest July average reported in
! ten years
Ho.. dry wee .hor has greatly damaged
| tho GRO, in tho extreme Southwest. End
| is iniuring il in tie lower Missouri Na'ey.
! In Iowa. NebIcskr end east OF Tho Mis-
sissirpi River conditions are high. but
in Re western district tho cron is urdnr
| severe strain ~ tho teginn,nc OF the
month. Conditions in iu portrnt States
T"c Texas, 40; Oklrhoma. a.; Ksnsrs. 7G;
! Missouri. 81: NebrSsHa. 50, love-. 81; IL
| Lao e. 81; lndiEn5 -: Ohio. 81, Kentucky,
| IS. Tennessee %. South DakOtF, 81. Pres
en-, condition. m"intalned until harvest.
would warrant crop expectation OF
c,95O. 900 Gn bushels. His report indl-
ca'es e possible" con crop of go $4,000
bushels
Winter whca.. 7ss against S? 5 last
month indicating ,5001,0oo bushels.
| Spring wheat. 20 =. against 03 last month,
! indicating $4,000 Onu bushels Total
wheel 49, 900 900 bushels
Oats lowest on record o. against o. :
! last month, indicating 500 ,ow bushels
. MCy condition, 6G.,, against tOo last year.
| lowest ever reported.