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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Feb. 27, 1916)
THH OMAHA SUNDAY HKK: FEHttUARY 27, 1916. H Ml ' i ! WHY PRICES HAYE THE UPS AND DOWNS Mr. Wide World Tells the Dealer! How to Bay and Sell for Each Day's Business. INFORMATION COVERS FIELD To people outside of the grain busl mm nd tiled Interests tbe grain mar ket column In a newspaper la Ineomprs hensibla. "Wheat took a alutnp," says the news. Dul why ehould wheat take a altimp, the reader wonders. Who told It to take a slump. "Corn was strong, going up H to f4 rente," says the report. And the man on the atreet and mora especially the woman In the houee la punled to know why corn should be strong. Who or dered rorn prices upT Well, on thla particular day the tame flap ordered rorn prices up a ordered wheat to alump. And who wu thla pow erful chap? Ha waa Mr. Wide World. And Mr. Wide World takea his orders from the people of the world and the cropa thereof. The price of 'wheat or rorn la, aa a rule, a barometer of the supply and de utand day by day, For wheat la being harvested continuously all the year round. Every month aeea a wheat har vest In aome part of the globe from , Ruaala'a ateppea to Argentine'! plain and from the wheat landa of North America to thoae of Australia. It'a Bum mer In Australia when It'a winter here, land vice vena. " If drouth or peita threaten the wheat 'Crop of Kussla the condition la reflected on the Omaha market with almoat no ' dnlay, and alao on the other markets all over the world. Anything that threatena to make the crop email tenda to raise the price. Any- ' thing that threatena to make the crop a I ,-bumper" tenda to lower the price, pro vided the demand remains stationary. And ao the reports come flashing In from all over the world over tens of thousands of mllea of wire both on land and under the sea, and the grain men In Omaha know just what wheat la sell ing for In Liverpool, London, Paris, Vienna, Buda Frith, Fetrograd. They know If there la a drouth over Tlusala and Siberia or If floods have devastated the wheat lands of India. They know pretty well the condition of the crop over the broad acre of the ' United States. This comes from various source. The national government gels out a bulletin, and there ars even aome big grain operators that have their own service, or perhaps lake a trip occasion ally t see fop themselves at first hand just how the wheat or corn looks and what la the prospect for a big or a little crop. The United States has grown to be one of the big wheat exporting countries of the globe. In the twenty-eight years from 172 to l?nO, f.r example, our ex ports of wheat to England alone rose from S.OtO.O'O quarters In 171 to 13.36UX) quarters In !!". A quarter" o( wheat Is eight bushels, or 4r pounds. It Is the measure used In England. Comparleona of the amount of wheat produced per acre are Interesting. In England they get thirty bushela per acre; In Oermany thirty-three. In France twenty. In Hungary seventeen. In Bou manla seventeen. In Bussta ten and a half and In India ten bushels per acre. In the United Ptates the average Is about fourteen and a half bushels per acre. Official Roster Of Omaha Grain Exchange for 1916 Omaha OreJn exchange offlcera, 1M: President, J. B. Bweartngon; first vice pres'dent, Barton Millard; second, vice president, J. A. Mnderholm; treasurer. F J I. Brown; secretary, F. P. Manchester. directors: J. B. Hwearlngen, W. J. Ilynes. BL P. Fmlth, F. II. Brown. Barton Millard, J. A. Llnderholm. II. I.. Olsen, C. E. Nlswonger and J. T. Buchanan. Inspection and weighing department: Chief Inspector and wclghmaater. Oeorga 11. pnwell; assistant chief Inspector, A. F. Kruae: deputy assistant chief In spector, T. W. Mlillgan: supervising- In spector and Welghmaater, P. K. Little. PTANPINO COMMITTERS FOR 791. Altered violation of rules: O. C. Crowell A. McKlnlev W. TI. Bailey . A. fiammls Klevator and elevator r Ulster: J. B. Adnms Kudolph Deal George A. Roberts AT THE FOOT OF THE ELEVATORS Glimpse of the main corridor of the new Grain Exchange building, showing the elevator grills and the cigar stand in its recess. A T Praia: J. W. Itedlck CW. Adams W. II. Yohe Finance: F. II. Brown W. J. ilynes Arbitration! C. P. RHlnbolt J. B. Blanchard M. H. Dolphin 0aln: J. W. llnlmqiilat K. H. Twfimloy A. H. Bewrher Janus Hwanlck Hl'lldlng; W. .1. Ilynes F. B. Cnwglll Memhershlpl H T. llurlnell C. Vincent J. M. AlLer Cash margin! N. Merrlam J. M. Welsh Quotations: A. McKlnley C. K. Kem IMsrnnnta: R. J. Pout hard O. 11. Olbbs Transportation! C, n. Htnrtevant J. A. Kubn E. P. I'eck Ways anil means: Ed P. Smith E. P. I'eck Publicity: W. J. llynea C. I. Hturtevant C Vincent W. P. Mclxger PnHon Millard Kd P. Bmltli O. K. Harrla J. B. Adams O. M. flmlth H. B. Carlisle J. II. Conrad K. P. Rmlth Barton Millard Frank Taylor K. A. Cope E. 8. Westbrook E. K. Ituntley W. B. Weokes W. U. Bailey L. P. Roberts J. W. Molmqulst 8. I'. Maaon E. B. Westbrook N. B. Updike J. W. Redlok t .rV. - -S" ' i . - 'IN ( -v;. bi';7ii'riHil.!l ! Hi ! ' h t r - V i i i u I! h ."J i A J Interesting Facts About Wheat, Its Growth, Its Nature and Uses Two square feet of land are required under . ordinary conditions to produoe enough wheat to bake one loaf of bread weighing a pound. A few political eoonomlete of the Mal thuslan turn of mind have taken their pencils and figured that within half a century or so there would be a wheat famine. But there isn't the slightest basis for such an assumption. The land of the United Btatea has not nearly reached Its maximum of production. In fact the amount of wheat raised per acre In thla country la hardly that raised In Eh rope under Intensive farming:, Largs tracts of land In the United States suitable for wheat growing are still uncultivated and the Immense In crease In wheat production right here In Nebraska and especially In the western part which was considered too dry for this purpose only a few years ago. Wheat im self-fertlllrlng. At flowering time the anthers are pushed upward and break open and the pollen falls on the atlgma. Nevertheless the pollen has been removed from one variety of wheat and placed on the ovules of another and by this means new varieties of great value have been produced. mature wheat kernel la a single seed enclosed In tight-fitting walls. During growth the lateral portions of the seed fold Inward and the seed elongates form ing a fold or groove upon Its upper sur face. The bran scale consists of three parts. the outer skin, or coarsefet part of the bran, an Inner double -skin and a thlnT hard, transparent layer. Inside the bran another layer of cells called : the aleu rone cell la found. The flour cells found within all these layer consists of about 84 per rent of the wheat kernel, of which about 75 per cent is recovered as flour. ARMOURS REPRESENTED ON 'CHANGE BY THRESHER - The Armour Grain company, who have been large buyers in this . territory for shipment east from Omaha, have been represented at Omaha for a number of years by R. R. Thresher, who has been very successful, as their buyer and rep resentative at Omaha, The Armour Grain company are big buyers of grain from this territory for eastern ship ment and in addition to .being buyers of grain are also handling consignments of grain on the Omaha market. GRAIN SOLD HERE IS ACTUALLY HERE Dealing in Imaginary Supplies Has No Fart in Buiinen of Omaha Grain Exchange. ITS BUSIITESS WELL FOUNDED here Is Inspected and weighed and the word of the Omaha lnectors Is accepted without question by the other markets or the mills to which It is sent. I The average man outside of the busi ness understsnds little of the machin ery by which the Omaha Oraln Exchange Uvea and moves and has Its being. Receipts and shlpmrrts and prices and grades of grain are Greek to him, and he Is even more bewildered If he ever goes up and takes a look at the busy grain exchange room with Its clicking telegraph keys, typewriters. Its thirty telephone booths with their flickering lights, Its quotation board, lta tables filled wltH grain aamp-es. How does this grain get Into Omaha and what Is done with it when it does get here. What Is the modus operandi as Caesar would have remarked. Is the grain really here or do these men buy and sell "Imaginary grain." No Option Market Her. The grain Is really here, gentle reader. Felling "Imaginary grain" has no part In the activities of a healthy. and re spectable market like Omaha's. All the grain bought - and sold in Omaha Is In Omaha. The transaction Is purely one Of buying and selling real grain with real money as much so as If the owner Stood beside the car and showed the grain, to the buyer and then they came to ao agreement and bought and sold. There Is no "option market" In Omaha, no "bucket-shopping trades." If a man wanta to deal In options he has to do It on the Chicago market which can be reached In Omaha through a "wire house." Most of the sellers on the Omaha Grain Exchange are commission men. They do not speculate. They are, merely agents for the producer of the grain. The pro ducer ships a car of grain to his com mission man and the commission man sells it for the beat price he can, getting a fraction of a cent per bushel for his services. Who Bayers Are, f The buyers of the grain are chiefly the elevator companies and a few mills. Practically all the grain that comes into Omaha is unloaded Into some elevator and all cars unloaded are unloaded un der the supervision of a talleyman In the employ of the Omaha Grain exchange. so that the producer la sure of getting paid for every bushel of grain he shipped. It Is such careful methods that have given the Omaha Grain exchange Its high standing in the national grain mar ket. The word of its inspection department Is never disputed. Grain going out from Storage and Milling Capacity is Extensive Elevators controlled by members cf the Omaha Grain exchange at Its head qua iters have a capacity of T.4'X.',0 bush els. Two flouring mills In Omaha have a capacity of J.0D barrels of flour per day, and three alfalfa mills have a ca pacity for producing l. tons of alfalfa per day. The elevators and mills are: ELEVATOR FACILITIES: Bushels. Omftha Elevator company. Coun cil Hiurra , Nye-Schnelder-Fowler Grain com pany, Omaha Trans-Mississippi Grain company. Council Bluffs Merrlam & Millard company, "A." Omaha Vpdike Elevator company, Omaha Hotmaulst Elevator company Omaha Nebrsska-Iowa Grain company. Omaha Crowell Elevator company, Omaha 850.000 Gate City Malt company, Omaha Cavere-tuurtevant company. Council Bluffs Van Wlckle Grain and Lumber company. Council Bluffs Maney Milling company, Omaha Merrlam Miiiara company. j. Council muffs M. C. Peters Mill company, Omaha Iowa Klevator company. Council Bluffs vo.wsj Omaha Alfalfa Milling company, Omaha J. F. Twamley, Bon & Co., Omaha MILLING FACILITIES: Maney Milling company, flour ca pacity (rmrreis fpdlka Milling company, flour ca pacity (barrels) M. C. Peters Mill company, alfalfa meal capacity (tons! Omaha Alfalfa Milling company, alfalfa meal capacity (tons)... Kmgh Alfalfa Mills, alfalfa meal capacity (tons) 1.600,000 l.ffiO.OOO Sno.OO 600.000 600,000 450,000 00,000 SS0.000 aw.ouo 150,000 175.000 225,000 l?.ono JO0.OH0 60,000 40,000 1,600 600 600 600 200 FOR SAFE, SATISFACTORY SERVICE TRY We Live Up To Our Name. ill : ' ! ;URLAP:" AND COTTON ; BAGS 4 ; FOR SACKING GRAIN and' FEED j ii i .. .. "xj - TWO-BUSHEL "BEMIS A" ONE-BUSHEL "JUNIOR A" SEAMLESS FOR SEEDS IB IE MI r O MI AHAiBAG (CO OLD HONESTY GUARANTEED HORSE BLANKETS A. M. P. FLY NETS IB. B esssssMs) TWINES ' OF ALL KINDS RIVERSIDE WASTE CAR LINING PAPER