Salt Lake Telegram | 1936-07-06 | Page 1 | Grain Prices Soar under Drouth Grip

I GRAIN PRICES SOAR UNDER DROUTH GRIP I J CHICAGO July 16 UP Major R-Major Major grains soared the full limits permitted permit permit- ted under trade regulations to new seasonal highs In Iii the nations nation's markets markets markets mar mar- today as record heat increased damage da age and distress ss In the mi Vest Vestern em ern drouth belt Despairing farmers pinned their hopes for a break in the protracted siege on a a. change in weather cather but none was sighted for the immediate future Instead a broadening of the high temperature blanket was forecast fore bra cast The feverish speculative buying stimulated by the tho drouth shot wheat up 5 cents a b bushel shel corn 4 cents oats 3 cents and rye 5 cents in the tho leading markets Abnormal heat scared seared the prairies from the Rocky mountains to wester western west west- er em ern Kentucky k yesterday and temI temperatures tem tern rose rapidly under a biasing blazing blazing blaz bias ing sun again today