Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1914-06-03
Business Summary.


New York, June 3.-New Haven in
quiry resumes today.
Huerta will resign when Mexico is
pacifed, is peace ENJOYS Official state
ment.
House passes the personal guilt
clause; not necessary that corporation
be found criminally guilty first
Nine sheet mills of American Sheet
and Tin Plate company resume opera
lions.
Bankers say conditions are improv-
ing on Pacific coast.
Kansas, Missouri and Oklahoma
need $4,000 more harvest hands.
Southern Pacific sued for $4,000, 900
by development company of America
for alleged loan failure.
Judson Clements of interstate COM
merce commission advocates absolute
publicity OF railroad arrangements.
Mexican congress has nullified impor-
tant oil concessions to two of Huerta's
adherents.
American stocks in London quiet
and irregular
European Wheat Promise Deficient.
Chicago, June 3.-The United States
June wheat promise will evidently ag-
gregate 120,000,OO0 above last June,
whereas the entire European promise.
including Russia, may total 100000
600 below one year ago. Intense heat
In June is the worst enemy of Russian
spring wheat. North France, South
mic
wheat raising trouble" while England
has serious drouth.
For 1914-15 the wheat imports of Eu-
rope may thus exceed all records.
From July 1 to June 1 worlds exports
are 595. 000, 900. To July they will be
around 645,OO0,O00. Record is the $685.
100000 total of 1901. Looks like
near 70O,000,o0O imports for 1914-15
versus 5O9.O00,OO0 yearly average
for 1907-S-9.
Oats are peculiar plant. and only
once in two decades have they been
accorded a June condition in excess of |
SO. Allowing an average of 80 for 49,
100000 acres and 20 for Illinois and SO |
for Indiana, Onio-the June promise |
would be near 81 or about 1,14O.4OO, 900 |
o; is on 3515 per acreage yield. The |
June 1913 promise was figured around |
|, 100, 200, 900.
Oats are in a critical period Proba-
bly, 25 per cent of the crop requires lib
sral rains. About 40 per cent of our
Eats reports for past seven days have
'anged So per cent condition and be-
ow. The lower ones runs 60 to rs.
n Indiana, Ohio and Illinois COM
'laints are numerous. Large sections
If New York, Pennsylvania, Tennes-
ee, Alabama, South Carolina, Georgia,
Oklahoma and Texas, etc, also com
lain.
The extensive foreign drouth may
lot advance our wheat during the first
o days of June, but will dissipate the
Ceas of extremely low unprosperity
rices. The world is now in its crucial
tx weeks of spring wheat raising, and
S our wheat is at or near fully dis
ounted levels the market should ,
rove purchase around the govern /
lent report date.
Our wheat and oats reports from
-ansas, Nebraska and northwest con-
nue. excellent. The June 1 report on
hicago provision supplies leaves lard
nchanged in an oversupp:y position,
ut indicates the Chicago stock of ribs
Ill be consumed without trouble
The weekly government weather re-
orts OF today and one week ago in
icate that the condition of winter
heat is around SO and oats Sc to 81.
lso that the dry is plaguing the
'rn start in 20 per cent of the belt.
he central west requires very gener-
is June rains.
July and September corn are in a
rong short old CROP position. Parts
the west are now asking for a share
the Argentine corn supply about
hich the east has Dragged SO heavily