Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-06-05

(By Thomson & AlcKinnon)

Stock Ietter-Looking forward we see
good many doubtful factors, but also
more promising ones. Uniform conditions
are not to be expected at any time and
particularly during a postwar period
On the surface the money situation is
still critical, but In Analysing the general
financial situation we can ind much to
: be thankful Denomination of credits Is
making progress without the violence
witnessed In other countries and every az
count liz ated means that much relief.
The ra 4Oad situation l20ke compk-
Gated, but even mere we can nnG- some en-
enlargement.
The price Of commodities is still an un-
solved problem, but able judges are Of
the opinion that O. general decline Is not
| in sight. The fact Of the matter Is we
are no where near the point where FRO
duction equals The demand. There are
two matters before US, the conventions
and the interstate commerce commission
action on rates that tend to hold the mar
ket in check, but either or both might
give US the incentive for the next up
swing in values.
Grain Letter-Corn: The new crop Of
wheat is reported as offering freely. In
fact, pressing for sale. This condition
together with favorable weather, is shap-
ing sentiment In the corn market. As
yet, sentiment is displayed mainly In the
way Of reduced breadth Of demand
rather than any important offerings.
Cash market west and southwest are
particularly slow, 1t being difficult to eff
feet sales because of poor demand. There
is nothing neW to be said OF the railroad
situation, but as heretofore cash handlers
expect freer offerings by the country and
somewhat larger receipts.
Indications tonight are that market
will have downward tendency for time,
in sympathy with the offerings Of wheat,
but we direct your attention TO premiums
OF % to 70 cents Tor contract grades. 80
Flong as these are maintained the deferred
deliveries should react from every ap-
pearance of weakness.
Oats-There has been weekend realiz-
ing In oats and some scattered selling in
sympathy with corn, but market received
support from seAboard houses. Bearish
sentiment is held in check in this market
by the fact that cash oats are hrm %
the highest point on the crop.
There is no discovereble evidence 81
any important movement from-the coun-
try Sales particularly Of the July de-
livery are to be discoura geo.
Provisions-Scattered selling in SYM
pathy with lower hogs and corn appeared
in provisions. The most prominent fea-
ture in the market was the absence Of
any broad interest. The appearance of
any brisk demand from abroad would
/ stimulate this market considerably as
sentiment is Inclined to be friendly, so
far as summer and fail prices are con-
cerned.
Cotton Letter-FairIy strong cotton
| market prevailed early, but later on
profit-taking over Sunday weakened the
tone.
The fluctuations constitute a minor in
cident in the market situation.
Following a series Of short crops we
have the prospect of another one and
chance that IL might prove smaller than
any Of the preceding ones.
Under such circumstances the price
necessarily must be ignored and for that
reason we believe declines viii prove TO
be temporary.