The San Francisco call., 1913-08-27
HOT WEATHER IS
CORN sCARECR0W
Prices Fly Up When An
other Dry Wave Is Re
ported in Corn Belt

CHICAGO. Aug. 26.-Corn prices rose
5kc to sc today on hot weather in
nearly the entire corn belt. Wheat
eased at the close, after an early show.
of strength, quotations being shade
to &c net lower. Oats closed sc to
5kc of and provisions finished a shade
up to Be down.
The chief bullish factor in corn to-
day was the renewed talk of damage
done by. the hot weather to the Ne
braska corn. Dry hot weather pre-
vailed today over almost the entire
corn country and the forecast was for
a continuance of this condition for sew
covered freely and rising prices were
helped by the higher cables. The mar
ket was nervous and active throughout
the day and prices. rallied quickly
after each little setback following
profit taking. Later in the day the
weekly Iowa crop report stiffened
prices with It's showing of large losses
to corn in various parts of the state,
the crop being estimated at more than
100000 bushels less than that OF last
year.
Wheat weakened toward the close Of
more than 100000 bushels In the
worlds available supply. Another
source of weakness was falling off
in speculative wheat demand, corn
again coming II. for the greater share
Of attention Failing off In export
business also helped the bears and
prices eased all round after noon. the
and hardening of cash prices being
counteracted by the persistent bear at
tack.
Heavy selling of oats by leading cash
houses took the snap out of the market
after an early show of strength.
Generous selling of near months by
tired longs depressed provisions.
though at the close there was a better
showing in lard.
Wilson's Chicago Advices
CHICAGO, Aug. 2s.--Firm cables and
light receipts armed wheat up. Strength
,rars IN corn nj helped but corn and wheat
market. which cost all the cereals
something finally. Kansas City had
but 81 cars Of wheat today and ST.
Louis wired that their wheat run would
be very light In the near future. Some
OF the trade is skeptical about touch
ing wheat until they see the effect on
tinental markets were all lower today.
which helped those working for a de-
cline.
Corn was sharply higher at the out
set. but has not made as high figures
since: Nevertheless. the reaction from
top has not been extensive and the
market has at no time been weak. Dry
weather has prevailed over the entire
corn belt and 1t is claimed that the
North Platte country in Nebraska is
now losing. rapidly. The weekly Iowa
report had much influence against
prices. 1t reports large losses by hot
weather in parts OF the state, but said
the state would, nevertheless, raise full.
average crop, not less than 35 bushels
p5er per oao acre, re- thus Indicating crop of
SSU,po1,oeo. @ lomcial government re-
ceivers claim country is loosening up
on corn and Is predicting Increased
marketings next week and latter part
or this Meanwhile, cash demand has
o. peen good and prices were nc to &c
market something. but on breaks like
yesterday we would make purchases.
oats were irmer early with corn, but
reacted later under heavy offerings Of
cash oats from the country Northwest
also sold oats heavily to Minneapolis.
considerable speculation and some
hedging pressure here Cash oats were
nlgher. with September early UP u to
nc sales for shipment were $50 011
bushels The market closed weak and
Provisions have ranged a little high
er. me market was a rather small
been inclined to nurse the market
Pressure was not large Hog run to-
Day was heavy at 67,5O0 against 5a e0n
year ago. Packing at principal CEN
ters last week fell down materially
,i1e yne cool weather and rains keeping
weeks packing was 331. 900 against
$4,000 the preceding week and afo-
600 year ago. 49,