South Bend news-times., 1917-10-07
WEEKLY REVIEW BY
THOMSON & MKINNoN

CORN.-Eeavy frosts vI.h freez-
ing temperatures iu places over the
central portion of the corn belt
were construed as more beneficial
than otherwise. 10 is conceded that
the late corn is considerably hurt
but tbis damase is offset by the
new crop. Cash corn -las ruled
slow. but az unchanged prices New
corn offerings are increasing daily.
but no material weakness in ask
ing prices as vet Omaha reports
November shipment as 81 so with
out buyers Yellow corn from
Illinois December shipment 20 This
market. is selling az from 10
cents over December price Mixed
corn IS quoted al December price
90 I cent under. Another slow
market may be expected Monday.
awaiting the crop report due az the
close. This report gives prelimin-
airy estimates on sprins wheat
and oates together with condition
OF the ...n crop While no weak
ness is ~played i'm the market.
there ulS less interest displayed
each oh which. in itself should
bring a.art drasging values.
OATS 40 developments OF note
in the os- market or situation. EN-
port demand was not discovera BILE
and domestic sales were at a min
imum. cash values were - cents
lower relatively.
PRONf~I IONS - Buying Of nearby
deliver. HE packers representa-
tives Hy shorts was attributed
10 fur demand from 3. R
Volum. trade has been on
liberal Ie. all offerings goins
10 stro. hands
Eighty thousand hoEs expectcH
next week. which compares with
$4,000 last year. This discrepaucy
in movement should bring about
material relief in the supply or the
manufactured article as time goes
COTTON. - Although crop ac-
counts were OF q bulIsh nature.
there was a noticeable increase in
hedge sales with outside demand
tapering of and the urgent buins
for trade account apparently satis-
fed for the present some new iu-
Centiye must be had 20 put value-
much higher for the time bein-
STOCK.-Prices sagged Off atthe
closing without any special reason
The market lacks snap. but price,
are low and market should do
better next week.
STOCK.-This was a day typical o.
weekend markets. The volume of
business was moderate and Yluc-
tuations unimportant At the open
ing. there was "A feeling that the
market should do some better. the
theory being that the buying yes
terday was of sufficient volume 20
temporarily relieve the market OF
the pressure OF stocks that was s0
evident during the entire week
There was. however, an absence of
aggressive buying today. and as
result there was an easier tendeDc,
noted toward the close. AS 10 the
futures Of the market. we see no
material change at the moment.
The ruling factors are still OF
bearish character. The one re-
deeming feature is the prevailing
low price of our securities. The de-
cline has been great, liquidation ha-
been extensive. and, from "A stand
point OF price alone. 1t would seem
that we have reached a level whers
the public should begin 20 ac-
cumulate some stocks But this is
offset by the fear that the money
market is not yet prepared for
bullish turn. Rates are too hieh
and are likely 20 continue 30 for
some time. When we get a change
here and bankers shall offer funds
freely. then we viii have reached
point where the buying side may
again become attractive For the
present. we still feel that the mar
kat .hnmId La sold on raILLae.