Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-10-11
GRAIN MEN ROAST
WORLD-HERALD

Continued from First Page)
grain dealers, has never been in favor
Of government inspection. We have OPP
posed 1t from the start. It is one OF the
firm beliefs of the federation that we can
manage our own business II we are given
the opportunity to do so.
The afternoon meeting concluded with
a verbal report from w. NJ. Bell, chair
man of the committee on natural shrink
age Of grain, who declared, during re-
peated stops to make himself heard above
the noise of conversation, that his COM
mittee believed there was no natural
shrinkage" of grain and that loss in
weight should be called invisible loss"
John M. Dennis, chairman of the COM
mittee on uniform grades, read a de-
tailed and technical report from his COM
mittee. j. Adam Bede, who was to have
spoken at the meeting, did not appear.
To Restrict Speculation.
Restriction of speculation in grain was
recommended in the report OF A. Z.
Reynolds, chairman of the committee
on legislation, before the Grain Dealers
National association yesterday. The re-
port said
THE question of prohibiting future
trading in grain is one Of serious mo-
ment. The grain trade is in itself
divided on this question. All agree that
such control OF future trading as would
prevent cornering the market and unduly
advancing the price of breadstuffs, is
very desirable. 1t remains for someone
to work out such a plan of control as
will fnf vfyb he har
of our crops.
ITO prohibit all buying and selling of
grain for future delivery is not to be
thought of, but such control of specula-
ton as would prevent disasters, such as
have overtaken the country in the past,
is greatly to be desired.
1t behooves the grain trade to bestir
itself and formulate a plan that will
meet the requirements without seriously
disturbing the grain traffic"
MIR. Reynolds also warned the delegates
that the public will not walt indefinitely
for the adoption of uniform grain grades
over the entire country and the various
Exchanges should take warning and adopt
the uniform grade rules of the associa-
ton, as the best and only safeguard
against a federal inspection law.
Complaint was made in the report of
the lack of uniformity in the laws gov
erning the trade in various states and
the recommendation made that a COM
mitteeman be appointed in each state
to watch legislation and report to the
/ legislative committee.
Defends Abolition of Rates.
A. S. Hubbard OF New York, vice pres
ident of the American Telephone and
Telegraph company, spoke in defense of
the companys abolition OF the night
half rate on long distance telephone mes
sages, which the grain men desire to have
restored. Mr.. Hibbard explained that
| the night rate was an experiment which
| had proved a failure. So many wanted to
take advantage of the rate, he said, that
1t was a physical impossibility to handle
one-fourth of the business offered be-
| tween and in the evening. II the COM
pany had to increase its equipment to
care for the enormous business for the
rush hour that resulted from the night
rate it would be compelled to raise both
day and night rates to pay interest on
its investment.
Repol Is were received from the COM
mittee on crop reports. committee on
|
lading.
Wives of the visitors were given an auto
ride about the city yesterday afternoon
by the publicity bureau OF the Com
mercial club with entertainment at the
Country club by the Omaha Grain ex-
change, The women visited the Lininger
art gallery in the morning as guests OF
Mrs. f. L. Halter.
The Chief Inspectors National asso-
citation, after discussing uniform grade
rules for two days, approved the rules
as already in effect. L. II. Culver of
Toledo. father OF uniform grade, was
reelected president; Samuel Thomas OF
Baltimore, vice president; Alfred Ander-
son OF Buffalo, secretary-treasurer.
The grain dealers held their annual
banquet last night at the Rome
|