The Caucasian. (Shreveport, La.) 1900-192?, 1911-07-09
WEATHER BULLETIN
FORECAST OF STORMS TO CROSS
THE CONTINENT.
LOWER TEMPERATURES
Thunder Storms May Be Frequent
and Some of Them Severe, with
Local Showers and Probably Good
Rains Middle of the Month.

copyrighted 1911 by w. T. Foster
Washington, July 8.-Last bulletin
lgave forecasts Of disturbance to
cross the continent July t2 to 16
warm wave IL to Is, cool wave Ia
Ito 1S. Temperatures of this disturb
lance will average lower than usual,
Iwhile thunder storms, possibly hail,
will be frequent and some of them
severe. This will be the low tenn
|perature storm of the month and af-
ter it has some by, the tendency will
be toward higher temperatures.
The next disturbance will reach
the Pacific coast about July Is, cross
Pacific slope by close of 16, great
central valleys II to 10, eastern sec
tions 20. Warm wave will cross Pa
cific slope about July 10, great CEN
tral valleys II, eastern sections i9.
Cool wave will cross Pacific slope
about July iS, great central valleys
- CoobCll IL oCCIlOHS
The mid-month disturbance will
be of Importance in several ways.
/ 1t will inaugurate a series of high
temperature disturbances that will
lend with conditions that usually
threaten drouth. 1t will cause num-
Ierous showers in front of the storm
center, probably the best rains of
the month. 1t will cause great rise
In temperatures from near July 13I
to July Is. 1t will cause some of the
most severe storms of the month
and it will be the turning point of
the summers crop-weather.
This disturbance, with the fire.
quent showers and good rains dur
ing the preceding three or four
weeks, will have placed the crops, |
particularly corn, in good condition
as compared with June %, and the
corn crop will be in fair condition |
up to the end of July.
There are an immense number of |
people who deal in grain options
and they are not all spectators.
Millers and cash grain dealers are
fortunate in having so convenient
method of insurance. Millers sell
flour at stipulated price, to be de-
livered at some future time. If grain
should rise considerably in price the
miller would be ruined, and there
fore he must have some method of
insurance against the rise in grain.
Therefore when he agrees to deliver
flour six months after the agree
ment, he buys wheat at option as a
security. That is surely a legiti-
mate business.
This option dealing is explained in
his way: The miller sells 10000 s
barrels of flour to be delivered six /
months from date, and in order to &
De sure that he can get the wheat at 6
he market prices on which he It
based his flour contract, he orders e
'is agent at Chicago to buy enough
wheat to make the 10000 barrels of
lour. His agent goes onto the board
# trade, buys the wheat at option |
o be delivered six months after /
late. For this he pays only four l
ents bushel in cash and that will t
lold the wheat.
Now, the miller has flour sold and "
wheat bought. Both are to be deliv-
red six months in advance, and it
matters not to the miller whether
he price of wheat goes up or down, =
lie is perfectly safe. If wheat goes y
p he will make as much on his op-
ion wheat as he loses on the wheat
e puts into the flour, and will have .
is legitimate profits on manufac- =
uring the flour. Nothing wrong in
hat. The wrong is not in the option
usiness but comes from the wildcat
lanipulators who tear the markets :, =
lto shreds and demoralize them. = =