Salt Lake Telegram | 1924-12-06 | Page 8 | Corn Market Scores Gains

C CORN ORN MARKET I SCORES GAINS II I S Short hort Shor Crop Is l Found in inThis inThis inThis This Country 1 CHICAGO Dee Dee 6 With With this his years year's 1 c corn orn crop said to be bo the smallest In Inthe Inthe t the he United States since 1908 the corn m market arket this this- week eek scored a 3 sharp advance ad ad- v vance ance owing to to reports that the Argentine Argen- Argen gen gen- I ad-I t tine ine corn crop was In great danger from d drouth routh and excessive beat neat Compared j I w with wilh ith a I week ago corn values this mornIng morn- morn ling i Ing ng were 3 to 4 Jc c hl higher her with wheat I v varying front from 31 1 lic c decline to 1 lc c advance ad- ad adI I 1 and provi- provi v vance ance oats 1 to lic c up s ions showing Ole to t 40 gain Although foreign corn COln crop conditions prOVI 1 g generally have li 1 little tle le effect on corn p prices rices h here re It soon became evident that t the he smallness of the 1924 yield In this thise c country u bad made the market sensitive II t to o thre threatened e tend e a widespread d re damage In s such uch an Important exterior source of or s supply as Argentina It was said lh that U unless relief from the heat wave In Arentina Argentina Ar Ar- g gentina entina developed soon the the tho Argentine c corn orn crop would be bo lost lost Anxiety over the outlook for the Argentine Artt Ar Ar- g gentine entine crop rop was s heightened e eI by the tt f fact act that records co s showed that t as tile tha I I r result of a a. heat wave In 11 1910 the tho i Argentine I corn yield was s r reduced ed to only l lO peT cent n tor of f normal First blizzard weather of the te tle present winter Inter west of Chicago tended further to give an up up- war J twist to the corn market A lare iario Increase In the te United States state visible supply of wheat wheal was responsible f for or the relative weakness of the tha the wheat market Oats followed corn Expected Expect d future scarcity of hogs hoisted hoisted hoist hoist- e ed d the provision ru