The Minneapolis journal., 1903-03-31
new ELEVATOR Line
Twin City Men Organize a Company
Which Incorporates With
100000 Capital.
Its Headquarters Will Be Winnipeg
Houses VIII Be in Canadian
Northwest.

The Imperial Elevator company, capl-
talized at $500, 900, is the latest corpora
ton backed by Minneapolis capital to en-
ter the Canadian northwest. The organ
izers Of the company have carried on their
work quietly, and with the announcement
of the incorporation at Winnipeg, comes
the information that contracts have al
ready been let for the erection of twenty
Of the seventy-five houses which the
company plans to build.
Some weeks ago the Independent Ele-
vator company of Minnea polls, changed
hands, as announced exclusively in T h e
j o u + II a at that time. w. J. Bettin-
the Minnesota and North Dakota houses
Of the Independent company to j. r.
Marfeld, formerly Of Winona, but now
president of the Brooks Griffiths COM
pany. 1t was reported at that time that
Mr. Bettingen was disposing of his inter-
ests on this side the better to devote his
time to new enterprises across the Cana
dian line. -s.-. d
The grain commission firm of W. J.
Bettingen & Co. will maintain its office
here, but Mr.. eBttingen, as manager of
the new Canadian company, will have
his headquarters in Winnipeg, and will
divide his time between that city and
Minneapolis. "
Associated with Mr.. Bettingen as one
of the largest stockholders in the new
company is w G. Leistikow, we'll
known banker, miller and politician OF
Grafton, N. d. Other stockholders are
MELVILLE Boyd of Minneapolis, c. A. Bet
tingen of st. Paul and ]. K. Cummings,
banker Of Detroit Mimi
VIII Handle Lumber.
eve are also going into lumber and
will operate country line yards in connec-
tion with the elevators" says Mr.. Bet
finger. "Mr. Leistikow of Grafton N. D.
will be one Of the men most heavily in
terested with me, and his wealth an(
prominence in the trade will strengthen
the company My headquarters will be al
Winnipeg, but will spend a part of the
time in Minneapolis. The capital of the
Imperial Elevator company will all be pait
up. We have already let the contract fo
the first twenty and expect to be able tt
complete thirty or thirty-five houses this
year. We are figuring at present upon {
line Of seventy-five houses but it will
probably: take several years to get then
all built. These houses will be the mod
ern and up-to-date and will have a ca
pacity of $4,000 bushels each. The new
company will have sufficient capital tt
meet any new development that ma.
come, but we are not trying to anticipate
the growth of the country. While ther,
Is every evidence or WOnOeT1ul growth u
tianson & Co. of Minneapolis, adding tt
Another Company to Expand.
The McHugh Christensen company Q
Winnipeg, an offshoot of McHugh Chris
tanson & Co. of Minneapolis, is adding t,
! it's line of Canadian elevators and twelv
houses will be erected this year which WI
| give the company thirty houses in all.
Andrews & Gage, another we'll know,
| Minneapolis grain firm will enter the fielt
| later. The firm has in contempla tion tn
creation of a, system of country elevator
along the lines of the Canadian Pacih
and Canadian Northern roads.
New Terminals Talked OF.
! There is rumor' that Minneap polls cap
| ital is being solicited for plan of inde
pendent terminal houses Of large capacit.
to be: erected at Port Arthur Fort Will
liam. In the twenty-fourth annual re
port of the Winnipeg Board of Trade re
Gently issued President John Russell call
attention to the need of having termina
elevators at these lake points under othe
| than railway control, and several Ca
madam promoters have been making in
quiries with a view to ascertaining tn
possibility Of enlisting American capital.