Bryan daily eagle and pilot. [volume] (Bryan, Tex.) 1909-1918, 1911-07-10
FOSTERS WEATHER BULLETIN


Washington, July S.-(Copyrighted,
1911. by w. T. FosterD Last bulletin
gave forecasts of disturbance 10 cross
continent July II to l6, warm wave
18th to 18th, cool wave 14th TO 18TH.
Temperatures of this disturbance Will
average lower than usual while thun'
der storms, possibly hail, will be fire.
.uuent and some of them severe. This
will be the low temperature storm oil
the month. and after it has gone by
the tendency will be toward higher
temperatures.
Next disturbance will reach Pacific
coast about July 10, cross Pacific slope
by close of 10Th, great central valleys
18th to 18th, Eastern sections 10th.
Warm wave will cross Pacific slope
about July 10, great central valleys
18th, Eastern sections 18th. Cool
wave will cross Pacific slope about
July is, great central valleys 2Oth,
Eastern sections I'D.
I This mid-month disturbance will be
of Importance in several ways. 1t will
inaugurate a series of high tempera-
ture disturbances that will end with
conditions that usually threaten
drouth. 1t will cause numerous show
ers in front of the storm center prob
ably the best rains of the month. 1t
will cause a great rise in temperatures
from near July IS to 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 frequent
showers and good rains during 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 a stip-
ulated price, to be delivered at some
future time, Il grain should rise con-
siderably in price the miller would be
ruined and therefore he must have
some method of insurance against the
rise in grain. Therefore when he
agrees to deliver -four six months
after the agreement he buys wheat at
option as a security. That is surely a
legitimate business.
This option dealing is explained in
this way: The miller sells 10000 bar
rels of flour to be delivered six months
from date, and in order to be sure
that he can get the wheat at the mar
ket prices on which he based his flour
contract, he orders his agent at Chi
cago to buy enough wheat to make
the 10000 barrels of -four. His agen
. goes onto the board of trade, buys The
wheat at option to be delivered si'
months after date. For this he pay!
only cents bushel in cash, ant
that will hold the wheat.
Now the miller has -four sold ant
wheat bought Both are to be deliv
cred six months in advance, and
matters not to the miller whether tn
price of wheat goes up or down, he i
perfectly safe. If wheat goes up h
will make as much on his option whea
as he loses on the wheat he puts int
the flour and will have his legitimat
profits on manufacturing the foul
Nothing wrong about that. The wron
is not in the option business, bu
comes from the wildcat manipulation
who tear the markets into shreds, d.
moralizing them.