Show 1 Fear Over Safety Causes Bull Crop Move Moye in Wheat Pit V By JOHN P. P BOUGHAN Associated Press Market Editor CHICAGO July 27 Fears AP-Fears for safely of tooka quick grip on trade In grain today and prices flashed upward all around Abnor Abnormal Abnor mat mal heat and drouth that have swept away tway untold millions of bushels busts bush V cIa els of wheat in the spring crop re- re slon northwest were authoritatively ly reported today as now endangering c corn from Ohio west to Nebraska and south to Oklahoma Big Biff buy buy- buyIng In Ing of corn future deliveries ensued and wheat am nal well as corn and oats went bounding aloft In price I ICorn Corn Com quotations closed buoyant 1 3 to 2 l Sc a bushel than higher yesterdays yesterday finish Wheat closed firm 1 l 1 to 2 1 Sc up oats 3 3 to 1 l 1 advanced and provisions unchanged to down Soaring prices in the corn market market- became chiefly manifest today aft after one of the foremost unofficial crop rop experts In 11 the United States Issued a comprehensive summary showing that two weeks or more of deficient rainfall and excessive heat is hayIng hay hav Ing widespread Ill effects on the the- growth of corn He said that the period of general of corn oj-n cornIs' cornIs Is Is' at hand making the corn cam plants plants' now peculiarly susceptible to heat and drouth damage The r report jort added that Ohio Indiana tho southern south south- era ern two thirds of Illinois most of of Iowa the greater part of Nebraska and a large part of Missouri and Oklahoma are indicating injury In typical districts Leadership of the grain markets markets' switched almost at once to corn In instead in- in stead of wheat and ancl whereas wheat had previously plunging plunging- cereal Irregularly downgrade today the ne new development as to cOrn corn crop peril brought about a a. sudden decided upward movement of prices in every one of the grain pits in- in A further stimulus to corn buying was announcement that primary r receipts of corn for forthe forthe the last week have beers been hardly more than half as much as a. a year ago bushels against bushels Another strengthening g factor mactor mac fac- tor directly influencing the corn market as well as oats was o rd from Winnipeg that Canadian ex export export ex- ex port business in oats will go to the United States this year on account of drouth disaster to thin the Canadian oats crop Except for borrowed borro strength from the action of corn the tho wheat dominated chiefly chief chief- V Vly market today was ly by selling as a result off of of general genera rainfalls In gin the vast drouth region north and south of the Canadian boun dary y According to one leading au authority au- au soaking general rain now with favorable weather following follow follow- ing would still 10 acres of summer fallow wheat land in lii Canada despite tile the extraordinary ravages of drouth and heat up tip to date Scattered selling and lightness o of demand eased cased down the provision market V I |