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Show CORN AND WHEAT DROP HEAVILY ON CHICAGO EXCHANGE CHICAGO, July 26. Big drops In tho price of grain today ao companled disturbing financial and Industrial development, s -peclally reports of the closing down of a large motor enterprise on account of Inability to sell Its products. Wheat dropped a- much as eight cents a bushel and corn 9 5-8c. Optimistic bank reports about crop conditions had started the grain market downward, but lowest low-est prices came after reports circulated cir-culated of weakness In tho Stock market and of Industrial difficulties. difficul-ties. Prices on 'change here flr-lshed flr-lshed at the lowest point of the day, with December delivery' Of corn down to $1.28 In some cases as against $1.37 5-8 at the close on Saturday. Extreme decline in wheat amounted to eight cents a bushel at $2.51 for March delivery. Pork fell $2.00 a barrel nnd lard more than $1 a hundredweight. Much of the selling pressure both In grain and provisions came from distressed holders. There was also heavy speculative selling and unusual lack of buying support. |