The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-03-01
NEW BOARD
OF TRADE.
viii Take Possession OF Music
Hall.
NEW ERA IN GRAIN TRADE
Some of Changes That Will
be Made.
NEW ERA IN GRAIN TRADE

The Wichita Board OF Trade will take
possession of its new room, Sedgwick
Music Hall. in the Sedgwick block. to-
morrow and from that time will date
new era IN the grain trade of this
city.
The organization is composed Of grain
dealers and millers. The membership is
already considerable and it is believed
that within a year from this time the
Wichita Board OF Trade will be one OF
the influential bodies of the great south
west. Grain dealers all over western Kan
sas and Oklahoma are sending applica-
tons for membership or inuiring in re-
gard to 1T.
The board of trade room is a large.
well lighted hall and will prove a splendid
place for the meetings of the new organ
izations. The Pauline Commission Com
pany have employed carpenters 10 put in
a large blackboard in the south end OF
the hall on which will be posted con-
tinuous report of the Chicago grain mar
ket and the New York stock markets.
The Pauline Commission Company will
have its office in the ante-Toom IN the
southwest corner of the hall and the
other south door will be closed and COW
cred by a portion Of the big blackboard.
The Knevling Elevator Company will
have an office partitioned off il the north
west corner and in the opposite corner
will be large sample room. This will
still leave a large space for public meet
ings in the main body of the hall. The
sample room and the secretary's room
together will occupy about one-fourth OF
the floor space of the large hall.
The board of trade rooms, with its tele-
grapher ticking the markets, Will have
a
men and millerS in the city are delighted
with the outlook. They are confident
that this city will have more elevators
and mills and that the movement is now
well under way that will result in making
Wichita the central market of the great
Kansas hard wheat belt.
At present David Heenan, of the New
ling Elevator Company. is secretary of
the board of trade. The board viii prob
ably be obliged to elect a new secretary
in a short time as Mr.. Heenan says the
work is growing so that he can not find
the time to do it without neglecting his
elevator business. 1t will require few
days to make the changes necessary in
the big room to accommodate the board
of trade, but possession will be taken to-
morrow. The changes will make the
entrance to the rooms on the. north and
south sides. 1t is expected after the
changes are made that many people will
visit the board of trade rooms.
Visitors to these rooms win be able to
learn something of how the grain trade
is carried on. They will see how grain
is sold to mills and exporters on grades
and sample and they will also see how
ale fellows who deal in hot air operate.
They will see how big plunges like Letter
and Armour and Cudahy buy and sell
grain for future delivery when they have
not grain of the actual stuff. The ups
and downs of the war between the bulls
and bears viii be licked on the tele-
graph instruments and written on the big
blackboard and if some Gates or Pierpont
Morgan booms or knocks the props from
under some particular railroad stock the
fact will be recorded on the blackboard
here about as soon as it occurs.
The latter, however, are but the side
shows to the main circus If they do some
times make more noise than the big
show. The Wichita board of trade will
be engaged in the actual grain trade. Its
members will buy and sell actual corn,
oats and wheat 1t will be a place where
the miller can buy wheat or other grain
to grind This business will benefit Wich-
ita. 1t Will help the grain men and
millers and will make a better grain
marke for the farmers who raise the
golden cereals.