A report of the Department of Agriculture on the July 1 condition of the crops explained the sensational rise in corn recently seen. The Government's estimate of the 1924 corn crop is 2,515,000,000 bushels—a drop of 531,000,000 from the 1923 corn crop of 3,046,000,000 bushels. Acreage this year in corn was 105,604,000, compared with 103,112,000 last year. Yet despite this increased area planted to corn, a relatively short crop is anticipated, owing to the condition of the 1924 crop, which on July 1 was only 72% compared with 84.9% a year ago.
Incidentally, while the rise in corn prices at Chicago has...
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