Show BLACKBOARDS BARE OF GRAIN FIGURES CHICAGO July 21 Big Big blackboards black blackboards boards that usually show how from minute to minute the fluctuations In grain grai prices here and throughout the world work were mostly moty blank today as OS trading in futures was wa suspended in Uni United d States markets market Interest was wa-s wa shown show chiefly cheny in returns re re- turns tr from Winnipeg recording an a advance of about abut 3 cents cent a bushel buhel in wheat values as compared with wih yes' yes yesterdays yesterdays yesterdays finish fini Representative comment from leading lead lead- ing lag Chicago Chiago wheat specialists was wa voiced by B. B W. W Snow generally regarded regarded regarded re re- re- re as a the dean of ot gra grain l trade tade authorities here Discussing the te temporary temporary tem tern closing of ot the United States grain exchanges exchange today Snow said In I times ties of d deep p feeling or of general apprehension excitement is i said sad to t carry human action acton beyond the bounds of well wel thought reason renson Market action of ot the past 10 days has ha been ben the result reul of ot a 1 general public buying panic The price prie rise riso ri came camet t faster tr in future commitments than coul equaled by cash cah consumptive price prie changes The sudden established within the final week represented represented rep rep- rep resented public hysteria based to some extent upon fears fea of food too shortage and probably to a n larger lager extent upon hazy and ill iii i informed belief that tha that mon money y Inflation was wa under way anc and destined to bring artificially high price prie Quotations for all al commodities Snow continued The fundamental tal ll situation has not been changed in inthe inthe the least Drouth and heat since sice June 1 have destroyed crop prospects in inthis inthis this thi country and ad in Canada until our own wheat crop is some bushels bushel below pur our needs nee and the Canadian Canadia crop cop apparently is i below the failure year of at 1931 In I view of ot crop loses losses since June 1 and In view of ot price recessions during the past pat two days due to t overburdened holders holders' holder panic It I would seem that the temporary closing of the exchanges ex cx- changes will wl afford aford needed opportunity opportunity for price prie adjustment and more Important for recovery of ot public mental men men- tat tal t balance The actual supply anc and demand changed situation Is i not In the te least |