American Falls press. [volume] (American Falls, Idaho) 1907-1937, 1921-08-19
LATER WILL WAREHOUSE WHEAT
FOR IDAHO WHEATGROWERS
ASSOCIATION, ACCORDING TO AN
NOUNCEMENT-FlNAL ARRANGE
MENT BEING MADE TO-DAY.
SEVERE LOSSES BLAMED
New Company Expected To Retain
Pollard As Manager Ample Finnn-
cling And Establishment of Foreign
Export office Are Other Develop
ments OF the Week.

Leasing OF nine 1ntermountain Farm
er's Equity elevators by the Globe Mil
ling Company OF Ogden, which viii in
turn warehouse grain for the Idaho
Wheatgrowers Association, IN an
nounced this week by ]. II, Fisher,
state manager of the Association, who
has been working on the deal for sew
eral weeks. Elevators taken over, are
| located ut Rexburg, Rigby, lnkom,
McCammon, American Falls, Schiller,
| Virginia, Arimo and Downey The ar
rangement will greatly facilitate the
marketing OF grain In these sections,
according TO Mr.. Fisher, and gives the
members and organization, shipping
accommodation unexcelled In the
Snake River Valley. II. II. Alton and
w. Il. Peterson OF the Globe Milling
Company, are here today completing
arrangements with the Association for
warehousing the grain They will con-
fer with G. W. Nelson, of Spokane,
sales manager for the Northwest
Wheatgrowers Association, and J. II.
Fisher, manager for Idaho.
Lease For One Year.
While no definite announcement has
1 been made public regarding the future
of the Intermountnin Equity, II Is un-
deratood that II Will withdraw from
the grain business, excepting perhaps
lin three or four sections where ele-
IN vators are still maintained. Severe
losses on declining market this
" spring are believed to have caused
,o the suspension of the Equity Elevators
~ The terms OF the lease hold for one
-, year from June first and include only
~ the grain business The implement
~ and local business at each station VIII
Iv be run AS usual
- ARRANGEMENTS are being made, z
~ close the local business Of the Farm
eSS eS ers Equity Ind turn II over to tn,
Globe Milling Company. O. w Pollard
q, who for the past five years has man
90 aged the Equity here, will continue ~
'ts manager for the elevator for tn
- Globe Milling Company, according q
"a. tentative plans arranged to date,
nis In explaining the deal with tn
ar Globe people yesterday Mr.. a. y. SAT
40 terrified. general manager of the Eanit
lls said.
~ u's . sntterfIeld Talks.
eve have lenscd our elevators 10 th
Globe Milling Company for perio
OF one year. the lease TO expire Jun
- first, 1922. We were unable TO finnnC
"a q grain business this year, due TO IN
,at, stringency OF the money market W
,or feel that we are doing tho very bel
,oc thing for our members In leasing tiin
property until conditions have "s'' DTS
lay ed themselves. by another year "
al VIII probably be I'm position 10 r,
for sumo our grain trading.
The Had we not leased, we would hny
md had our entire Investment in elevator
my lying idle, The present solution
fly much better. Our brokerage bualnes
20 here. In Pocatello and at other point
will be maintained and operated A
usual as the terms of our lease are 70
the elevators only"
H.. Announcement is also made thi
week OF the ample finlncing OF tn
We Warehousing Corporation IN Idaho
and the establishment OF an expor
office In London In charge OF Mr.
lianno, an expert OF Internatlona
10 prominence who has bought and SOLE
lts grain In Russia, Spain France, Ger
Is, many, South America, Holland, Aus
ON tralia, and the United States.
~. Wheat hauling IL getting under waJ
We In practically every section Of the
er Valley whore the Association Is oper.
". ating, II VIII be ten or fifteen days
d. however, before the bulk Of the wheat
h starts 10 move.