Weather Worries. Prices for corn futures broke all records on the 99-year-old Chicago Board of Trade. They reached $2.00¾ for July corn; the previous high was $1.99⅛, set in 1919. The jump was caused by a forecast of subnormal temperatures for the corn states, already suffering from a cold, wet spring that delayed planting. The Department of Agriculture, calmer than corn speculators, still expects a big corn crop, exceeding three billion bushels.
Profits Up. The Department of Commerce reported that corporation profits, after taxes, reached $12½ billion in 1946, an alltime high, and $2 billion above the previous high in 1943. But...
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