The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1891-06-18
A GRAIN ELEVATOR,
Storage Capacity. A Market, Board OF Trade
Supervisor and Official Inspsctor.

Convinced of the fact that more wheat,
oats and corn are annually handled and
marketed at Wichita than at any other
point in the state of Kansas, and being
impressed with the importance of the re-
lation which the grain product Of south
Kansas must hold to this city in the fu-
ture. Mr.. Geo. P. Glaze. A. A. Hyde and
associates last fall organized and incorpor-
ated under the state laws, the Wichita
Grain Elevator company. Subsequently
at meeting of the subscribers George P.
Glaze was elected president, n. F. Neider-
lander vice-president and A. A. Hyde
treasurer, with the following list
of well known business men as
directors, viz: A. W. Biting, George L.
Pratt, Finlay Ross, Frank Williams, NJ
c. Campbell and L. C. Jackson. 1t was
determined that each share of stock should
be sold at $50 ten dollars, payable in in
stallments, to be named by the board OF
directors as funds might be needed. The
company was only fairly organized when
the Texas Elevator company of st. Louis
and Texas, sent a representative here
authorized to make a proposition to erect
million bushel elevator, or of a half
million bushel storage capacity and
million bushel elevating and machinery
capacity. The proposition was accepted
by the directory of the Board of Trade.
but the city, or its property holders, failed
nv n irciOni fipont nf EirO O0nd
the city's part of the compact. Finally
the company notified the board that time
sufficient was not left in which such
building could be erected for the harvest
and markets of this year.
In pursuance of the inspection and grade
law passed by the last legislature. and of
the steps taken by the Board of Trade at
its Monday afternoon meeting, looking to
official inspection and a regular market
here, the members Of the corporation
alluded to were seen yesterday and it was
resolved to go ahead immeditely, and in
earnest with the work of securing the
necessary subscriptions for the building of
All additional and large capacity elevator
III w lCulbt. uo O1lN6T. lulDOuGu 6ltNdOOI,
the Zephyr mills elevator. the Furlong
elevator and the West Side elevator, all
combined are not of sufficient capacity to
handle one-tenth, or one-iftieth Of the
grain which would naturally center here as
regular market for official inspection and
grade, providing adequate handling and
storage facilities were here also. The
Zephyr elevator and the West Side elevator
have both been leased aud are ready for
operation, we understand, to their fullest
capacity, and, we suppose, in connection
with and pursuance of the steps taken by
the Board of Trade for an official inspec-
| ton and grade But the exceedingly fine
opening for great storage elevator, of
| splendid profits to the owners, could not
be effected by dozen elevators of the re-
spective capacities of the ones mentioned.
The aggregates of the wheat, and the oats
and the corn are ever great, if not rela-
lively so. There is no doubt of the success
of one or two monster concerns of i'm
mense storage. 1t is proposed to give
the farmers of this section an oppor-
tunity to take as many shares
as they desire payable in grain at market
quotations and in installments, giving
them thereby voice in its management
and an equitable share of the profits.
The EAGLE has said so much touching
the Importance of an established grain
market at Wichita, the natural center of
fully one-third of all the wheat and of one
fifth of all the corn and onesiXth of all the
oats grown in the state of Kansas, that
additional arguments aud facts would
seem unnecessary. But the opportunity
which the years crops will afford in Civ
ing "Wichita No. - and Wichita No. ~
a most enviable name and standing in the
markets of the world is of an Importance
that cannot be easily overestimated.
Cable inquiries were coming in from
Europe last week as to the probable price
of kansas wheat" A market success
fully established on the grade of this
seasons harvest means premium for the
future
On with the elevator