Reports Of A Short Crop

Chicago, May 3 - Unmistakable conürmalíim of the reports of damage to growing cropa and shortage of visible eupply not only in this country but in every other country where wheat iagrown got under the inarket and gave it suoh a boost as it has not had during all these weeks of excitoment. Even before the market opened the advance had begun. Atclosing Tnesday eveniug the price for July was 73% cents; yesterday morning It was in the neiahborhood of 75 cents, but it was on the rise and and did not stop until itreached 77 cents. There had not been so niuch exeitement on the board sinco B P. Hutchinson ran the price up to $3, while the bears stood around "cussing" him. The advance may be explained as the result of a strengthened belief in a short erop. For veoks reports have boen coming in Irom all portions of the north western and central otates of damage by frost aud insects. From South America and Europu and Kussia also reports came of shorc crops aud liinited supplios All this was verified by the natioual erop report aud that of Crop Expert Inglis. They boch agreed thnt thu dainage done to wheat in Dakota, Minnesota,Nebraska, [owa, Illinois, Indiana, Michigan and aven So' ïork had been underestimated, if anything. tío wheat went up Pnces on the curb alter the close oí the iay's business rose to 79X and 80. New Yokk, May iJ3 - Intense excitement prevailed in grain circles here, the transMCCions in wheat alone footing up to 34,UOO,000 bushels, making over 103 0J0, 000 busheis for three days. As the market nearud the close July wheat touched 8U cents. ïhis price was groeted with loud choers from the bulls The market closed at fop piices.