Show 1 HEAT GETS GETSI I Crop Reports Cause Caus Prices to Break CHICAGO o June 16 Notwithstanding 16 t temporary e a upturns p f es that resulted ob fi-ob 1 unfavorable reports of crop conditions t 1 tI ii Missouri and elsewhere especially 10 ICa I sac sas the whet wheat market today under wen wena r Ded a material setback In price vw speculative a buying formed formel torme h chief 51 c- c parent reason The close was heavy to l ic c net lower July Jl 10 I e 1 I 10 and September 11 OD J 1 Coin Corn fill a a shade to down oa oats oafs s varying from e c off oft to a shade shade advance advance and provisions at a a rang range tat tnt extended i from 7 lObe decline to gain Wheat started with wih a a moderate dow down downward ward heat tendency which I in II some quarte was ascribed to selling based baited on opt opt Ions expressed by Secretary Wallace Walace th the thelow low prices for farm products we wet largely due to overproduction Crop damage complaints from Missouri bb ever and from other places that have bays heretofore been sending good reports I led d doon soon oon to a rally which lifted the September Septem Septem- ber delivery and December to above yesterdays yesterday's delvery finish h. h July meanwhile continued weak Influenced by spreads spread between July and the later months Aside from the buying Involved in I spreads though general demand w ws s small smal and adow award slide of values value en ensued ensued ensued sued which became more and more pr pro pronounced pronounced as the day drew to an end Word Vord that the first fIrt car of new wheat in Oklahoma from this years year's harvest had been shipped hipped and was expected f arrive in Kansas City on Monday a to exercise e a bearish influence On the other hand band forecasts of addi rains Sunday over the Southwest tonal were virtually I Ignored r after the market lt started e downgrade r and d ae so too o were dt dry weather reports from the Northwest Northwest- North Dakota and Montana In particular Corn and oats weakened with wheat Firmness of hog values tended to steady adY the provision market I |