Traders in the grain pit on the Chicago Board of Trade have not had so much excitement since the Cargill Grain Co. of Illinois cornered the corn market in 1937. This time it was an alleged corner in rye. As usual at such times, the air was hot last week with acrimonious charges and countercharges, all hinting at scandalous disclosures involving Government agencies and politicos.
What happened, according to the War Food Administration, was that in December 1942 big General Foods Corp., and their brokers, Daniel F. Rice & Co., began buying rye futures, i.e., promises of delivery of rye at...
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