South Bend news-times. (South Bend, Ind.) 1913-1938, 1917-04-15

Market Review by
Thomson & MCKinnon

STOCK-With a small amount of
speculative commitments in the
market, a short interest quickly de-
velops and it is this that has kept
the market strong for the past few
! days. Before June it is believed rail
roads will get an advance in rates.
probably 10 percent. This will not
be enough. Labor. the Adamson
law, high price Of coal and all ma
terials in fact have increased ex-
! penses TO a greater extent than this.
Motor shares. especially Studebaker.
have been for sale for days, and this
/ is not surprising when one realizes
/ that they are affected by the same
/ conditions that affect railroads. The
impossibility of advancing the sell
ing price and the constant increase
| in cost of production
COTTON-Fluctuations were with
IN narrow limits advancing early
and rallying later on evening up
/ business at the end of the week
Spot people sold July and bought
| October. The figures on consump-
/ ton were bullish but had no great
effect as they had been largely dis
| counted Texas had little or no rain
/ but cloudy weather was predicted.
Ii is still time for cautious trading
| though big interests favor buying
on breaks.
! WHEAT-Further advances in
cash wheat prices together with an
! absence of any prominent offerings
in the pit have been responsible for
| today's advance. Market is more SEN
sitive daily TO minor operations, run
/ ming rapidly away when orders ap-
! pear. The forecast calls for rain to-
| night and tomorrow over southwest
! and central portions of belt Week
! " forecast anticipates general rains
! until Tuesday. 20 be followed by fair
weather with rains toward the last
| Of next week. Temperatures are and
/ will be lower which Will initiate
against any excess growth Of straw.
| permitting strength in the plant to
he conserved for developing and
maturing the grain itself Western
| houses We're moderate sellers of the
| new crop futures although Omaha
reports keen milling demand. The
cash demand appears to be almost
I entirely from domestic sources, our
/ advices from the gulf being to effect
that no export business doing. De
man at the seaboard said 10 be
slow. although there was some for
! eign buying of futures. Strong I'M
! dertone is likely to prevail until
crop news becomes more favorable
or until offerings of cash wheat in
/ crease.
CORN-Another record price i'm
corn futures under a very scattered
and comparatively small demand.
Tension was relieved to some ex-
tent by increased country offerings.
! Although spot corn retains il for
/ mer premium of II over May, sales
/ by the country TO arrive are con-
siderably lower. Some of the early
| buying was said to be for seaboard
account but no export business is
| intimated.
OATS-There was foreign buying
Z or oats FUTURES, together with rather
good support by some Of the larger
| local operators. Above sc for May
Winnipeg houses were good sellers.
! Local sentiment is moderately bear
ish. Country offerings reported in
| creasing. Our advices are to the eff
| feet that supplies in country eleva-
! tors are very liberal.
| TDDONvTCTONC hoo
receipts induced small amount of
| reinstatement Of holdings by yes
| terdays sellers. The market lacks
| leadership and is waiting the effect
| Of increase in hog receipts.
THOMSON & M'KINNON.