Jamestown weekly alert. [volume] (Jamestown, Stutsman County, D.T. [N.D.]) 1882-1925, 1902-01-09
INCREASED CAPITAL
New Business Plans of the Russell
Miller MILLING Company Made
Public.

At meeting held here Wednesday
by the officers and stockholders OF the
Russell Miller Milling company, and
the other mills involved in the ar
rangement, it was decided to increase
the capital stock of the Russell Miller
| company to s250,0oo and To take over
the Diamond Milling company of
Grand Forks and the Smith & Helm
company of Minneapolis and James
town. The Diamond company has
modern up-to-date mill at Grand
Forks, costing over 100000, with a
capacity of 900 barrels of flour a day.
The Smith & Helm company have a
mill at Minneapolis, and -four and
feed mill at Jamestown. The Russell
Miller mills include the plants at
Jamestown and Valley city. The
board of directors of this company will
be increased to seven, adding Arthur
Miller and J. L. Withheld of Grand
Forks. The same officers will con-
tinue as heretofore-E. z. Wells,
president. John Russell, vice presi'
dent, F. H. Chapman, secretary and
treasurer-and offices Of manager and
superintendent of mills are created
for H. S. Helm and Arthur Miller,
respectively. The local mills at all
points will be managed as heretofore,
but all eastern and foreign business
will be handled through the Mime
apolis office in charge of Mr.. Helm.
Mr.. Geo. Smith will have charge OF
the company's wheat supply, &C., and
continue operating the feed mill
here.
The plans Of the company include a
much greater scope Of operations than
heretofore, and the necessity OF pur-
chasing largely increased amount OF
wheat. jamestown has OF late been
regarded as a poor wheat market and
great deal of the grain naturally
tributary to this place has been
marketed at the smaller towns OF the
vicinity. 1t is estimated that the re-
quirements of the mills will be over
two and half times the amount of
wheat that has heretofore come to
this market or a need for over 100000
bushels of milling wheat per year.
The company expect to buy from 4OO,'
600 to 100000 more bushels Of wheat
than in the past, and in order to make
satisfactory market for the farmers
will buy other farm produce as well
and pay the highest market prices for
it. Flax and other grains will be
bought, and wheat will be sought af-
ter at points on the branch lines OF
the railways in this part of the state
if necessary. 1t is needless to say
that the plans of the company mean a
good deal for the business men of the
city.
The capital stock has been $4,000,
and only 5000, 600 will be paid up at
this time, reserving $50, 900 for future
improvements now intended. The old
company had a surplus Of $50, 600. The
various plants were appraised at
fair valuation. The mill here will be
one of the best in the northwest and
it's products cannot be excelled by any
Minneapolis mill. The mill at Valley
City will be practically rebuilt and
enlarged. The mills expect to be able
to largely increase their foreign ship
ments and to keep pace with the de-
mand Of the local trade for the flour
which is ground solely from hard
wheat, not mixed with the softer vari-
cites. Test ovens in Minneapolis will
be put in to see that the flour of the
Dakota mills is kept up to the high
standard needed.