The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1913-07-31
WEATHER HITS
CORN CROP HARD
ESTIMATES OF CROP FOR YEAR
VARY FROM $500, 100000 TO e.
$751; 900, 900 BUSHELS.

Chicago, July 31.-James A. Patten,
! whose deals in corn and oats first
gained him fame in the grain trade,
is credited with being long on a sub
stantial line of December corn, which
was accumulated below so cents, while
George III. Phillips who carried the
title of corn king in 1900 after rum
ming a successful corner in the cereal,
has been o nthe bull side for some
time.
Since the advance started, the lead
ing bulls have been credited with au-
ding to their lines on the way up. Sew
eral of the big local professionals, in-
Guiding Arthur Cutten and James A.
Rankin. were supposed to have big
profits in corn, but were understood
to nave sold out a good share of their
corn recently.
Recently there has been a steady
volume of buying orders coming from
the country, which has been the big
sustaining influence in the market.
The excessive heat experienced In June
damaged the Kansas and southern
crop to an enormous extent, and since
July there a been no adequate
rains expect in comparatively small
sections of the corn belt.
L nc lu5I LS" II btSJ p AASA Er@ANo NSW~~
a return of intensely hot weather over
the greater art of the belt, and re-i
ports of damage to corn have been
pouring into the market from nearly
all sections.
The first Of July the government es-
tfmated a crop of about 2,964,0 00, 600
bushels, which was a larger crop than
was indicated a year ago. From july
1 on last year there was a steady I'M I
provement in the crop conditions,
however, and the final estimate of the
government vas 3,125, 100000 bushels,
the largest on record.
So far this season condition are
the reverse of last year The needed
rains have been lacking. and the crop
has suffered. Yesterday temperatures
in this state was reported ranging
from 90 to f106 and the entire belt q
scorching weather. with no relief prom
ised.
Patten and Phillips both have been
influenced by the reports they have
Sreceived. Ex-A1derman B. w. Snow,
crop expert for Bartlett-Frazier, yes
terday issued a report saying advices
from countries covering about one
half the p~gincipaI corn states showed
sensational losses.
These reports were influential In
causing the market advance. SHOWS
reorts indicate at loss OF fifty points
since July / in Kansas, Indicating q
practical failure OF the crop. where
last year the state raised 174,000,000
bushels. In Nebraska there has been
a drop of twenty points In condition
and in Oklahoma forty points. Illinois
and indiana have both lost ground
during the month. and Missouri con-
dition is of ten points.
Snow figures that If later reports
show the saIne ratio or losses the gov
eminent report for August will show
q crop Of not over 2.700.000,000
bushels.
George ia. Philips, who or several
years has maintained a crop report
ing system Of his own was out yes
terday with a report saying the pres.
emit outlook was for q crop Of 2,675.-l
O00 5000 bushels, with a possibility Of
Its dropping !. 800. 600, 900 bushels. On
SHOWS estimate OF 2,700,000, 600
bushels the crop would be 425,000,000
bushels less than q year ago.