The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-08-25
NEW ELEVATOR THE
DEMAK9OF THE HOUR.
Richmond Grain Dealers Want
Better Facilities and Co
ing to Have Them.
ACTIVE COMMITTEE AT WORK
New Elevator Must Conle-Rail-
roads Will Assist in
the Good Work.


mond have long felt the need Of bet
ter grain elevator facilities and after
discussion they are now making ac-
tive efforts to secure what they want.
very active committee from the
Grain Exchange Is at work on the
proposition with brilliant prospects OF
success that Will mean n great deal
for the commercial interests OF Rich
mond Tho grain trade Of Richmond
has Increased to a very marked ex
tent during the past three years, the
Increase in the total number OF BUSH
els Of grain handled from 1905 to 1901
being more than three million bushels.
Tho total amount OF grain handled
in 1905 was 4.5a4.o66 bushels; the
grain handled In 1907 was 10000
bushels.
nichmond's Advantages.
The increase in grim traffic at Rich
mond Is largely due TO the advant-
ages OF Richmond as grain and
freight centre. Richmond has decided
advantages as to location as n ship
ping point for Southern trade. over
Baltimore and other competitive points.
On account of its water connections, 1t
enjoys specially low freight rates and
i,s distributing facilities for Virginia,
North Carolina and South Carollnai
points are superior to those Of any
other large market in this section.
me prices for wheat on the Rich
mond Grain Exchange this year have
ranged higher than the Baltimore
market, which has caused quite an In
crease IN shipments Of wheat to this
market, and farmers and grain ship
pers in the country districts OF yir-
sinia are noting this and increasing
ket. 'tio'
Grain Reservoir.
o"lns TO the great car scarcity ex
1stlng In the West at certain seasons
large. up-to-date elevator here would
be reservoir for grain which would
enable the merchants here to always
have sufficient stock on hand to hll
all southern orders promptly. The
fact that this market had such facili-
ties would turn more trade here, rath-
er than depend on the uncertain direct
movement from the West. In times
OF car scarcity. The facilities would
give the railroads their empty cars
more quickly: besides, the Western
shippers. as soon as they learned OF
the new accommodations. would con-
sign much more heavily than now.
There Is capital sufficient in the trade
to do a much larger grain business.
All that Is needed is the better facili-
ties which the trade Is now seeking.
The demand here for grain, for both
milling and feed purposes and also for
seed purposes is Q client, and there
SIS plenty OF competition in all lines to
maintain an active and healthy mar
ket.
Grain Exchange Acts.
A special committee appointed by
the board of directors OF the Grain
Exchange. who have the question OF
the new grain elevator in their charge,
is composed OF Messrs. Henry w.
Wood. chairman; S. T. Beveridge. w. F.
Richardson. Jr., w. Gary Bragg. w. T.
Selden and r. a. Justis. This commit
tee has held several conferences, and
has arranged to have meeting with
railroad officials to take practical
steps towards the necessary accom-
mediation of Rlchmonds increased
grain trade.
The advantages OF having a mod
ern. up-to- date elevator here are In
calculable for the proper handling of
Richmond's heavy grain trade. the
present grain elevator being made
quate. both as to equipment and facili-
ties for handling the business
Another thing which is very great
~ needed. and which could be handled
IN connection with the elevator. is a
hay barn for tho extra storage OF
hay on arrival here, by the different
railroads The increased facilities
which the Grain Exchange hopes to
secure are very necessary for the
grain and hay trade OF Richmond II
Richmond is 20 maintain and increase
its prestige as a grain and hay mar
ket.
Railroads VIII Aid.
The railroad officials, who have been
approached on the subject. have ex-
pressed their willingness to aid In the
matter, realizing that the grain traf-
fic is one of the most important and
profitable parts Of their freight busi-
ness. and that anything that can be
done to increase the facilities Of
Richmond merchants for handling
grain in an effective and proper way
very considerable extent. Leading
grain dealers have for a long time
felt the need here OF larger and fuller
reserve stocks, so as to have plenty 81
stock on hand at all times to supply
the trade.
Elevator Much Needed
A modern, up-to-date elevator her.
would help very much In this connec
tion. Another advantage of having
suf1cIent stocks OF grain here alst
With the grain elevator capacity a
NEWPORT News, lis that 1t would pu
Richmond merchants in position +
do an export business Iii grain. Their,
is no reason why Richmond merchants
should not do very large export bus
mess in grain Grain can be HANDLED
from the West on a through eNpor
rate. and shipment made via Ches
apeake and Ohio Steamship Line, o
by specially chartered steamers, y
even more favorable rates than from
Northern ports, and with proper facili
ties for handling the grain, both her.
and at Newport News. there Is M
reason why Richmond merchants
should not do considerable expor
business In some other lines, the ex
port business via Newport News ha
resulted In very great benefit to Rich
mond merchants, enabling them t.
both import and export supplies whicl
are handled or distributed to ndvan