The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-03-05
MILLERS WILL
EXPORT WHEAT
They Form Company and Elect
Directors.
CAPITAL Is $4,000
Business Will be Conducted
on Large Scale.

j. E. Howard, of the Union Mills, re-
turned yesterday from Newton, where
about fifty millers OF southwestern Kan
sas met at the Arcade hotel Tuesday
and discussed their grievances together
and organized a corporation TO be called
the American Grain and Flour company
The application for charter, describing
corporation proposes to engage in is as
foAows:
To buy and sell all kinds of grain and
grain products in both domestic and
foreign markets;
To buy, sell or lease mills and elevat-
ors, and operate the same.
To buy and sell real estate that may
be necessary TO conduct the business
hereinbefOre mentioned.
To act as broker or agent for the pur-
pose Of selling all kinds of grain and the
sale of all kinds of mill products for
other mills and elevators, owners or
lessees.
To buy, build, charter and operate
steamships or vessels for the marketing
of all kinds of grain and all kinds of
mill products.
The milling fraternity generally find
many obstacles to overcome in the OPP
Grafton of their business. One of the
chief difficulties is the competition OF
the railroad track buyers and the Texas
Grain and Flour company, representing
the syndicate of Texas millers, who
spasmodicaily buy grain at the different
elevators throughout Kansas, at times
out of line with the Kansas City market
and thereby keep the. prices of grain
throughout Kansas in a chaotic condi-
ton and not benefiting the producers but
resulting in a detriment to the produc-
ers.
These large export companies are able
to handle grain for export at times more
advantageously than any of the millers
or small grain dealers, by reason of theiT
large operations, and it is hoped by the
millers that this new corporation will be
able TO cope with them in a business
way, to the material advantage of the
grain growing interest generally.
While the capital stock of the corpor-
alton is only 10000, yet it is the inten-
ton of the incorporators TO increase the
capital from time to time. as the bust
ness grows until il eventually will en-
brace all the kinds OF business set forth
in the application for charter.
One large mill, located on the southern
coast finds it to their advantage to own
and operate a small steamer plying be-
tween the southern coast and the South
American countries. If one mill car
afford to do this. as a business PROPOSE
ton it is more than likely that the COM
bined mills. owning this corporation
could do the same. and whatever is to the
advantage of the milling interest in Kan
sas rebounds to the benefit of the grain
growing interest.
The directors for the above corpora
ton. who will act the first year are: J
Z. Howard, Wichita: ]. II. McNarr. Hal
sted; S. p. Kramer Wellington; II. d
Larribee. Stafford; z. W. Moses, Great
Bend; S. W. Miller. Oswego. and H. E.
Hunt, Arkansas City.
The list of the stockholders at the out
start is very large and comprises nearly
every mill in southern Kansas. and some
in Oklahoma, with assurances from
others that they will join in the scheme.
making it one Of the strongest corpora
tons in existence in the state.
No doubt within three years from this
date this corporation will have a paid
up capital or 100000 or more and accom-
plish the purpose for which ii is formed
The directors will be called together at
Wichita within few days and elect the
officers, who will have charge OF the
management of the business