Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1910-06-23
CRISIS IN THE
WHEAT MARKET
J. J. Hill Submits Paper to
National Association of
Millers at St. Paul
'BETTER TERMINAL FACILITIES
Considered to Be One of Great
est Problems of the
Country.

Minneapolis, June 23.-"Wheat"
was the subject of discussion today at
the meeting of the National Associa-
ton of Millers. The subject was
treated in paper prepared by J. J.
Hill, chairman of the board of direc-
tors of the Great Northern Railway
and was read by Charles G. Jenking
of NoblesvilIe, Indiana. Hill was UNI
able to attend the meeting.
Need of Terminal Facilities.
Minneapolis, Mimi, June pa pa
per by James J. Hill was read at the
convention of the Millers' National
Federation today. In part it was as
follows:
One fact, it seems to me, should
give you more concern than almost
any other, because you have already
felt its effects and because it looms
large and dangerous. This is the pres
sure upon existing terminal facilities.
1t is a future menace and a present
handicap. You have felt, and will con-
tinue to feel, the partial embargo that
traffic conditions have placed upon all
the business of the country; upon
yours perhaps as seriously as any 9TH
er The milling interest of the entire
country, except where it serves
purely local demand is feeling the
pinch of the transportation situation
and will in the future feel it more
severely. The growth of the country
in population, in production, in trans
portation business, has been marked.
There has not been a corresponding
growth in the facilities for transpor-
tation.
For months past it has been I'M
possible to get freight shipments de-
| liVered promptly if these have to be
| transferred at any of the central mar
kets or principal terminal points. The
| food of business that rose to such
dangerous height in 1907 is piling up
again, with the additions made by
! national growth since then. The fu-
ture will add in increasing ratio to
| these difficulties as well as to the loss
es they involve. The only probable
relief from the pressure upon our
transportation agencies. and especial
! ly upon terminals, where the great
est difficulty exists is the decline of
our export trade. The demand of the
| home consumer is lessening the vol
ume of our export of food stuffs, and
will effect similarly some other items
on the list But this change will bring
relief to the carrier only in so far
las export terminals are concerned
! An enormous volume of new traf
fic is being developed by the indus
trial advance of the country between
the Mississippi river and the Pacific
coast. All of this must seek its mar
ket; and much of it will be added tC
the total that already overburdens oul
terminals.
In the great markets of the east
ern half of the country. in New York
Cleveland, Buffalo, Chicago, the crisis
has already arrived. Traffic growth
and terminal congestion are applying
the brakes to business progress. This
means trouble for the whole country
1t is no more disastrous to have the
banks close their doors than to have
the railroads choked The interes
which you represent must suffer will
the other, and therefor it should bt
taking thought with others for the
future. For the same cause will worl
out the same effects in the west.
What is the remedy? OF course
there is none cut and dried, complete
and effective, for an evil that ha:
been growing for so long time, an(
: which publication thus far has tend
ed to intensity rather than to dimin
ish. The best that can be done is t
offer suggestions for tentative ant
partial relief, and then to engage the
best thought and effort for the whole
country, especially of business mel
} and associations such as yours, in al
;. effort to lessen the tension that nov
strangles trade. Where terminals
can be enlarged without incurrin,
S prohibitive Indebtedness, that, 0
! course, is the natural remedy. Exist
a ing facilities also may be made NOR,
|. effective.
t Decentralization of traffic termi
= nails offers partial cure, partiall
e only, however, because it is apple
g able only to a portion of the bushes
to be done. Some of the through bus
iness of the country can be diverte
to other points than those where
!. now collects, but the great centra
markets cannot be destroyed nor tn
: bulk of their business affected.
q There is however, a considerabl
: element in our traffic aggregate
d which is capable of decentralization
5 Take your own industry for example
0 because both your raw material an