The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-08-19
GRAIN EXCHANGE
NEEDED HERE
Grain Men Discussing Matter
of Its Establishment.
EXPORTERS ACCEPT IT
And They are Planning for
Elevators Here.
EXPORTERS ACCEPT |

Circumstances are rapidly changing 70
make Wichita ere Of the great grain
markets OF the vest. People are coming
70 recognize the fact that they can con
sign wheat oats and corn 10 this market
and have separate inspection and secure
the legitimate market price FOR it just
the same as in any OF the other grain
markets Of the west That necessitates
q grain exchange.
The grain men are discussing the propo-
sition 70 organize grain exchange in
this city where grain can be sold on
sample as wen as on the regular inspec-
ton The indications are that an ex-
change viii soon De orga nized and the
grain men say IL viii materially aid n
making market for milling wheat
Every grain man understands that
while two car loads Of wheat may. owing
TO weight. have to be graded Just the
same. that enc may be a little better
than the other. That IS the reason they
sometimes speak OF a car being good or
poor number two or three. II the COM
mission man has an opportunity 70 show
the sample he can obtain an extra price
for the car load Of wheat. over wheat
OF its grade because the miller buys il
The Spectator buys wheat on grade
and he does not care what IL is so that
It viii pass muster in the grade that he
has contracted. but 1t Is different with
the miller. He buys wheat for the num-
Der Of pounds OF -four it viii make OF
certain grade and that IS the reason
he viii pay 4 premium for good num-
Der OF the grade he wishes 20 buy. Some
OF the grain dealers say It IS a settled
fact that this is going 10 be 4 fsvorite
market for miIlers and that they are al
ready coming here to buy their wheat
Il would surprise a good many people
even in THO city If they knew the amount
OF wheat that has been bought and sold
on this market since last harvest. There
IS one buyer here. Henry Herzer. who
makes a speciality Of buying wheat for
mills and export who has handled OVER
So. oo0 bushels since the new wheat began
10 move There are other buyers hand
ling wheat in large amounts and this
shows that the wheat IS being handled
from here and that IL IS in reality sold
en- this market although II does not all
come here 70 be unioaded
The grain men are not from Missouri.
and they do net have 20 b. shown. They
can read the signs Of the times and
they are able 10 see that Wichita is the
great coming grain center OF the south
west. The exporters AZ Kansas City
and Galveston have interpreted the hand
writing on the wall and already they
are figuring on securing elevators in this
city
W F. Green said yesterday that he had
inquiries from two firms in regard 10
elevators here but they did not want
their names given until they secured
ground for building elevators. Wichitas
position for handling grain
is recognized and the trade Is coming
here not because OF any supreme EFFORT
made By anybody. but as naturally as
water follows in the channel nature form
ed for II. This city is the center OF one
cs the greatest. II not the greatest grain
producing sections IN the world and she
has the lines Of transportation in her
magnificent railroads 70 handle IT.
The grain trade IS not only corning but
IL is now here as the result OF natural
causes and here 1t viii stay Practical
business men are recognizing the fact.