Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1907-11-16
GRAIN RECEIPTS GROWING
Omaha Market Will Be Normal in a
Few Days.
CHECK SYSTEM WITH BANKS GOOD
Elevator Men from Various Towns
and states Hold Conference
at sioux City with
Bankers.

Within a few days the receipts OF grain
at the Omaha market will be normal, while
farmers in the country will be able to dis
pose of grain as usual and congestion viii
be avoided by the arrangement which the
grain men have made with the bankers OF
| Omaha, Sioux City and Minneapolis.
j. w. Holmquist has returned from Sioux
City where he has been attending a confer
ence of grain men and bankers The grain
check system which has been inaugurated
will enable elevators in the country TO buy
grain as usual Few elevators have been
actually shut down, but the prices quoted
for grain, from to 10 cents lower than be-
fore the financial furry, have prevented
the farmers from selling grain.
BY depositing the grain checks at the
country DanHs, payable in the checks Of
Omaha, Sioux City or Minneapolis banks,
the farmers may receive the same as cash,
without the banks being inconvenienced or
drained. Mr.. Holmquist said the move of
the grain men had two-sided purpose,
to protect the banks and at the same time
avoid delay in the sale and delivery of
grain.
Many Points Represented.
Among the representative grain men
present at the conference in Sioux City,
Grain and Lumber company; Saunders
Westrand Grain company, Wakefield, Neb
Blenkiron Grain company, owning line
of elevators on the Burlington and Omaha
roads with headquarters in Sioux City;
Benson Grain company, Heron Lake,
Mimi; McCaul- Webster Grain company.
Minneapolis, Mimi, and a large number of
elevator and grain men from northeastern
Nebraska and South Dakota, nearly all of
whom ship TO Omaha. Bankers present
from Nebraska points we're: John d.
Hastings, Levi Kimball, Wakefield, Neb.
e. t. Rice, Bancroft; George ]. Adams
and e. A. Wiltse, Pender; John F. Piper,
Lyons; George Hasse, Emerson; w. L,
Mote, Plainview; Charles Randall, Ran
dolph and Il. A. Halstead, Ponca.
Bankers of Omaha and Sioux City are
honoring the checks issued by the coun-
try banks and on the other hand the grain
men are doing everything to assist the
farmers and bankers. During the last two
weeks, the grain trade has suffered more
than any other one line of business be-
cause of the currency shortage, but within
week it is expected the normal condl-
ton will be reached. The sales on the
! floor of the Omaha Grain exchange have
fallen off from thirty to fifty cars day to
| two and three cars and many days have
passed without e single car being sold.
increases Demand for Cars.
The demand for cars for the movement of
grain continues TO increase and the North
western showed a gain of 90 per cent for
/ Thursday over "Wednesday, the increase
/ being caused by the large grain firms
starting to buy grain at the country ele-
vators Wednesday. The remarkable in
cident Of the situation in the matter of
moving grain was the showing of the Union
! Pacific. More cars OF grain were moved in
Omaha by that road during the last week
than for any Of the three weeks previously.
Also more loads of live stock were hauled
to South Omaha by that road than for
| either of the preceding two weeks.