The weekly times-record. (Valley City, N.D.) 1912-1922, 1922-07-27
ELEVATOR men SUP.
PORT WHEAT POOL

history of North Dakota, farmers OF
this state have been asked to name a
price for their wheat.
A. J. Scott, secretary of the North
Dakota Wheat Growers association
received communication this morn
ing from the Cooperative Wholesale
Society, Limited, with branches at
New York, London, England, and
Glasgow, Scotland, asking for prices
on association wheat in the 1922 pool.
The letter stated that the firm was in
the market for large quantities of No.
2 hard and No. / and No. Northern
Spring wheat for export purpose.
| +
A. J. Scott, secretary of the North
Dakota Wheat Growers, Associated,
and staff Of field workers began the
work recently of signing up the ele-
vator men throughout the state to
handle the wheat of the association
members.
U. L. Burdicb counsel for the Wheat
Growers of this state, recently drew
up a contract for this purpose, which
was adopted at meeting of the
board of directors held in Grand Forks
July 9th. A quantity Of these con-
tracts is now off the press and will
be submitted to the local elevator men
NJ S. Blair, member of the execu-
tive committee, interviewed about 100
elevator men in various parts of the
state previous to this meeting with a
view of getting their ideas of how
this wheat should be handled this fall.
He received valuable pointers from
these men, all but one of whom ex-
pressed themselves in hearty sympa-
thy with the plan but one Of whom
expressed themselves in hearty ym-
pathy with the plan proposed - pro-
missed full cooperation both with the
plan proposed and promised full CO.
operation both with the farmer and
the central association in caring for
membership grain.
The plan as contained in the con-
tract is simplicity itself. 1t consists,
briefly, in the farmer bringing his
wheat to the elevator where it will
be graded, and dockage, if any, de-
termined by the elevator under the
rules of the state grain inspection de-
partment on the basis Of the federal
grain standard.
The elevator man will then give the
farmer a negotiable storage ticket
Furnished for the purpose by the
Wheat Growers association. This
ticket may either be sent direct to
the Grand Forks office of the asso-
citation, which in turn will send the
farmer a check or draft for a certain
per cent, Tentatively decided at rs
percent) of the current market price
iof the wheat.
Or the farmer may bring his stor-
age ticket to his local banker, who
will be in position to draw a draft
on the association through his cores
ponding bank for like amount.
! This advance was made possible by
a loan of $25,O00,000 from the U. S
Finance Corporation, and the willing
Incorporation of the North Dakota
Bankers Association.
This wheat need not keep it's iden-
tity in the elevator, but in accordance
with the contract it is naturally a.
greed that the elevator man shall ship
or deliver to the order Of the associ.
alton wheat of similar grade.
The elevator will not be called upor
to store this, grain indefinitely, but
may store the wheat until called fol
providing he has bin room, and tt does
mot interfere with his regular busi.
mess. The warehouseman will o1
course be paid regular storage fees
and the cost Of handling grain, the
amount to be determined later.
1t is estimated that 500 elevators al
well chosen points in the U. S. will
be able to care for the membership
wheat this fall.
The state terminal elevator ir
Grand Forks will play an important
role in this movement, especially il
transportation east is curtailed or
account Of the railway strike.
Heatley & Co., European importers
Of American wheat and one of the
worlds largest establishments of thi:
| kind, will become the sole British anc
, European distributing agent for thu
, Northwest Wheat Growers associated
under contracts completed by th'
| board Of trustees of the organization
, according to word received in Crane
Forks by the officials of the Nortl
Dakota association, which is affiliace:
. with the Northwest Wheat C>|ers,