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Show MAXIMUM CORN PRICE SET AT $1.65 Chicago, Juno A. Tho board of trndo directors fixed a maximum prlco for corn lato today, as was dono with wheat several weeks ago. Tho' Ptico fixed fas $1.65 on all contracts or corn for future delivery. There was less excitement among hto brokers brok-ers than on tho occasion of tho similar simi-lar action tnken on wheat some weeks ago. Tho following resolution was adopted at the directors' meeting: "HcBolved, that on and after Wednesday, Juno B, 1917, until four-ther four-ther notice, members of this board In making contracts for tho purchase-or purchase-or salo by grado alono of corn to be dollverod In store, olthor for Imtnedl-' ato or future delivery, shall not In entering into such contracts exceed i tho prlco of $1.65 per bushel. Do it further, "Hesolved, that any member trading trad-ing In violation of tho foregoing shall be deemed to have committed a grave ofenso against the good namo of tho! association." i Joseph 1 Griffin, president of tho , board of trado, said after tho meeting: meet-ing: "In order that thla action of the directors in fixing a maximum prlco for nil corn controcts may not bo misinterpreted, I would 'havo it understood un-derstood that tho step was taken for purely preventive rensons. Whllo It Is a fact that governments and consumers con-sumers nro liberal buyers of corn for present nnd future delivery, thero la no present Indication that this buy-l lng has reached proportions that might result In unduly enhancing values. "It Is tho policy of tho administration administra-tion nt Washington to provont tho price of foodstuffs reaching an abnormally ab-normally high leyel nnd tho acctlon of our directory In fixing $1.65 ns the maximum for corn contracts Is simply in support of tho policy of President Wilson and his advisors." According to brokers about the board of trado there is llttlo corn In Chicago. Slnco last Thursday tho pric of tho commodity has advanced IS to 15 cents and tho tendency to further ndvnnco Is believed to havo prompted tho board of trado officials to take action similar to that Uken on wheat. |