OCR Text |
Show CORN ADVANCES 2 CENTS A BUSHEL Chicago, July 29 Sensational lowering low-ering of crop estimates, owing to damage by the drought and heat, brought about a rush of buying today In the corn rade. The result was to put up prices two cents a bushel. I Profit taking by holders caused no important setback, the market absorbing ab-sorbing all offerings in a manner that seemed almost ravenotiR All hope of a three billion bushel ' vleld of corn this season appeared to have been abandoned Instead experts ex-perts talked of 2,fi75.onr),onrt bushels to 2.70U.00O.OOO busheds, with a possibility pos-sibility of a drop to as short a total I as 2.500 000.000 bushels. Excited purchasing carried pricen yet higher before the final gong cleared the breakers from the pit, which had been crowded throughout ! the day. The sharpest advance was In the December option which at one ' time showed a net advance of 2 7-8 !?3c a bushel, al fiSftfil l-8c The I close for December, however, was at I 62 5-Sc oo |