Omaha daily bee., 1916-02-27

Here is an interesting historical
document, the verbatim account OF
the opening Of the Omaha Grain
exchange taken from The Bee Of
The morning OF February 2, 1904,
beginning with big heading on the
front page left-hand column. II
shares the interest OF the day with
a startling account OF the Russian
fleet gathered at vladivostock and
the grave possibilities Of war be
tween Russia and Japan. Also with
the story OF Senator Dietrich's first
appearance in the senate after the
charges had been preferred against
him by a grand jury in Omaha.
Here is the story, verbatim
literatim and punctatim:"
EXCHANGE is OPENED.
New Commercial Agency Of Omaha
Begins Actual Operations
Monday.
BTorSNING IS AUsPIc1oUs AFFAIR
President wAttles Makes interesting
Speech. Urging Fair Dealing
for All.
CROWDS OF BUSINESS MEN THERE
Chicago hoard OF Trade Man Attends
and Offers Much Encourage
mept
GOOD MARKET AND LIVE TRADE
Omaha at Last Realizes the Bsginnins
~ an Industry Which II Has SO
Long Fought Odds 20
Secure.
No Incidental music was noticeable on
tho streets; the populace looked about as
cold and cheeriess and overworked as
usual and tho glad-oolored bunting re-
mained tucked up with the sequestered
moth ball-there was no sign OF holiday
enthusiasm. Yet Monday the Omaha
Grain exchange began business. From
this day. perhaps. Omaha takes SIS right
fuI place as the market town TO which
shail come the products OF the soil which
OF right Ia tributary TO the city through
geographical location.
From the first moment the infant in
dustry was healthy one and sang out
loud. May corn opened at 70 cents and
by 1850 o'clock was up TO az cents. while
Chicago during the Same time had gone
up only X of a cent. Oats Oday) started
az ssM and was soon up to ao,t, leaving
Chlcago's advance far behind. June wheat
was y cent batter in increase than the
big city'a market. Some OF this advance
was due. no doubt, 70 local enthusiasm
but Il was. especially IN corn. a fine,
strong market.
In announcing the opening Of the en-.
change for trading. President q. w. Wat
ties said;
Il would like 10 impress upon the mer
who form the backbone OF the exchange
Tho actual grain men--that they should
observe q little more than fair dealing
with the men who are 10 build UP the ex'
change-the producers and shippers. Fail
business only Is the sort which will bulit
up the market In the starting OF trad,
II would be well for the brokers 10 over
lcok the temporary advantage which the,
may have over the others and work onl,
for tho upbuilding and permanent goot
OF the exchange. which is 10 be worth 81
much to this city. Attempts have boeI
made on several occasions 70 start mar
ket. but these have failed for some rea
son. We have begun this exchange fo
keeps and the mon who are back Of 1
viii see Il through.
Some selfishness is Natural.
"A certain selfishneas IL TO be expected
In all businesses-averyon must firs
consider his own advantage. say to yol
for this reason that you should not So
too heated or angry over tho rate situa
ton in the state. There has never befor
been a real demand for grain rates 20 thi
city II Is true the rates have discrimln
ated against Omaha in the past and dc
parhaps. a little now. but these are bein
c. n~xsI. E Al