The Birmingham age-herald., 1924-07-16
FARM BODY COMPLETES BIG MERGER. Papers Filed For 3ncOrpo-
 ration Of Co., Opera tive Granaries
 PLAN INCLUDES
 5 BIGGEST FIRMS Present Owners To Con- duct Operations For
 Period Of 5 Years WILL OFFER AID TO ALL ELEVATORS Agricultural Organization To Have World Wide
 Marketing Face
PLAN INCLUDES
 5 BIGGEST FIRMS
WILL OFFER AID
 TO ALL ELEVATORS
CHICAGO, July 15.-The chs

: CHICAGO, July 15.-The Chk caeo Evening Post today says;
 'sCompletion of the deal by which grain growers are to secure control of all the elevators of the five biggest companies in the United States was announced today together with plans for financing one of the greatest cooperative marketing projects ever worked out.
 Incorporation papers for the new company bearing the name of the Grain Marketing company were asked from the secretary of state at Springfield, III.
 'The company will take over the operation of the following grain houses: Armour Grain company, of Chicago; !; Rosenbaum Grain corporati ls of Chi cago; Rosenbaum Brothers of Chicago: JIG. ShafEer company ofeChicago; Da- vis, Noiand and Merrill Grain company of KaRsas City.
 May Efter Later
 s.The Bartietts Frazier company of Chicago may enter the arrangement later but owing to legal technicalities doea not appear in the original papers.
 eAs q result iof the merger the new company will hav7 eleyator space in Chicago and other grain eenteEh haying eAnAcity eE more thau % 70, poo bnslelR and isl art opera tipna gitlls alat delay aeeoediA ta sle ment.
 The company will cor ttos elexators Chicago; Kansas Cits Omaha, a1inneA apolis, winoha. Afinn.. Fort Worth, Texas, Toledo, Ohio. FaiEpprt Qhfa, Erie, Pa, Buffalo, Galveston. Texas City, Texas, Norfolk and Depot Harbor, Georgian Bay.
 All of these will De taken oven by the farmers through the Grain Marketing company, which is fostered by the American farm bureau federation and other farmers organiz tions.
 The present heads of thc elevator companies, however, have agreed to run their elevators for five years and instruct the farmers in tn, way to run them and to teach their successors the ways of the trade.
 At $2s,O0O.0OO
 The company is capitalized at $26,- UUU,UOU ana tnc pldu AOF ullAncln& the deal includes the issuance of 1000, GOO shares of cofnmo stock, 1,000, 600 shares of preferred "A' stock and 50O;. 900 of preferred "B" stock
 The organization and operation of the Grain Marketing company means that the farmer in the future will not only produce but also can market his own crop.
 The announcement says:
 'The company will assist in every sound way any cooperative elevators desiring assistance. It will market the grain they may receive if they wish to do 60, aid them financially if they are in trouble, lease them or op- crate them under lease or actually buy them. In other words the Grain Mar keting company has constituted itself The Big Brother to all cooperative elevators of which there are 5000 seat. tered throughout the country. T.e company will also be at the service of any farm organization, pools, etc, etc, besides the individual farmer"
 The five firms taken over will sur render their numerous offices at various points in this country and abroad as
 (Continaed on Page Two.)