Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1922-05-27
WHEAT POOLING
IS EXPLAINED
Geo. c. Jewett of Portland,
Oregon Gives Interesting
Address Here.

Business men OF Grand Forks n
farmers Of this vicinity have q better
insight than formerly into plans for
pooling wheat as carried on by the
Northwest Wheat Growers, asBoci-
atcd, as the result of the address here
this afternoon by Geo. C. Jewett OF
Portland, Ore, general manager Of
that organization, and president of
the American Wheat Growers, associ-
ated, recently amalgamated in Den
yer, Colo. The meeting was held at
$3.50 O'Clock in the large council
chamber OF the city hall, which was
we'll filled with interested people.
Associations Work.
The speaker explained in detail the
work of his organization which has
operated in Washington. Oregon,
Idaho and Montana for the past two
years with such marked success, and
with which the North Dakota Wheat
Growers, Inc. have affiliated for the
coming year.
He followed the wheat ON the
farmer to the ultimate buyers. who
usually arc exporters. millers or for
discriminate against any buyers, how
ever, Mr.. Jewett said. and the wheat
is sold to the highest bidder. Last
year IA million bushels of grain we're
marketed by the Northwest Wheat
Growers, associated, at prices from Z
to Is cents over the prevailing mar
ket prices. 1t is not the purpose. Mr..
Jewett said, to monopolize the wheat
market, but merely to stabilize it by
orderly marketing with the product
spread over q reasonable per7od OF
time. To do this it is necessary. he
said, to centralize the selling organi-
zation as much as possible and get the
greatest possible cooperation between
the different states, otherwise the
various state units will unintentionally
, compete with each other to a com
mon detrtment.
q Has Been Success.
Speaking Of the success Of the
western organization. Mr.. Jewett at
tributed it largely to the simpli1ca-
ton of the plan and the absence OF
internal strife.
The wheat is brought to the ele-
vator and the grain receipt forwarded
to the association, which advances
from 60 to rs 9 cent of the market
price at thai time to the farmer to
! finance his fall operations. After the
! selling organization has disposed OF
the wheat the total amount, minus
cost of handling, is distributed pro
rata to the members. Thus 1t is q
non-proft organization.
Efforts at the present time will be
concentrated in making the various
state units as efficient as possible, the
speaker said. It Is more advisable to
grow into wheat pooling rather than
to plunge, he said. For this reason
the American Wheat Growers. associ.
ated, will not take m active part in
the wheat pooling until about Janu.
ary I. 1923. at which time it Is hoped
the various state units will be brought
Into greater cooperation. SO that the
selling organization may become ma
tional in scope.
G. S. Grain Growers.
Mr.. Jewett was silent in regard t
tho United States Grain Growers
corporation. other than to say ma
his organization had no connection
whatever with the u. s. Growers
Efforts to join the two organization
had failed, and hence each must "rov
its own boat" he said.
Geo. E. Duis, president Of tn
North Dakota Wheat Growers, pre-
sided and also ave a short talk.
This morning Mr.. Jewett held {
conference with Grand Forks banker'
at the Hotel Dacotah in regard tt
outlining plans for financing thu
North Dakota product until it reaches
the terminal points. Nothing definite
was decided, but the bankers ex
pressed willingness to. consider tn
plan put forth by Mr.. Jewett and Civ
all possible cooperation in making
wheat pooling a success in this state