The hope of a drop in food and clothing prices later this year changed abruptly into doubt. For the second successive week, the commodity futures market, which had been quiet or sagging during May and June, boiled up with an ominous hiss. Wheat futures rose the permissible limit of 10ยข a day. July corn jumped to an alltime high of $2.21 a bushel. Within two days, sharp rises in eleven major commodities forced the Dow-Jones commodity futures index up 4.07 points to 146.37. It was the highest since the index was first compiled in 1933 and 9.82 points above...
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