COMMODITIES: Comedy of Mismanagement

The comedy of corn last week reached a new high of low farce.

On Tuesday 3,600,000 bushels of corn were sold on the Chicago Board of Trade -a new record for one day's business; two days later no corn at all was sold. (Tuesday was the deadline for a Government guarantee that any farmer who sold his corn at the present ceiling price would get any increase in price that occurred between then and Oct. 31.)

Grain traders estimated that during the whole 41-day lifetime of the Government guarantee, which was designed to bring more corn to market, only 35,000,000 bu....

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