94 RUSSIA - CREDIT 



On the warrant delivered by the elevator there is indicated the quantity 

 stored, its quality, colour, the degree of humidity and impurity and the 

 place of production. These warrants facilitate credit in a remarkable de- 

 gree, by means of the precise indications contained in them, and the Bank 

 does not hesitate to lend up to 80 % of the value of the grain deposited 

 in an elevator. I^et us add that the warrant helps to increase the num- 

 ber of sales by correspondence or even by telegram, which greatly contrib- 

 utes to the uniformity of rates throughout the country. 



A commencement has been made with the provision of elevators for 

 the Governments of the South East, which are the most important grain 

 producing districts in Russia. In the beginning of 1913, the four follow- 

 ing elevators began work. 



Elevator of Grasij Government of Tambov 1,700,000 pouds 



» )) Abdoulino » » Samara 700,000 » 



)) )) Valuiki « « » 500,000 » 



» )) Tolkai )) » Voronezh 300,000 )) 



The cost of costruction of these elevators was respectively 926,600, 

 463,000, 293,400 and 229,400 roubles. 



According to the Torgovo Promychlennaia Gaseta (No. 178, of August 

 4th. /17th., 1913), the 8 following elevators were to have been opened at the 

 beginning of this year. 



Capaaty 



Elevator of lyiski Government of Voronezh 500,000 pouds 



)i " Talovaja » » » 500,000 » 



» " Miherovo Territory of the Don Covacks 600,000 » 



» » Neprik Government of Samara 300,000 » 



» )« Sorotchinskaja )> > .. 700,000 » 



» » Bogatoe » » » 300,000 » 



« » Ekaterinovka » » Saratov 500,000 » 



)) )) Torbjeevo » » Tambov 500,000 » 



The Grasij elevator may be mentioned as a model of its kind. 

 It is of quite special importance, as 30,000,000 pouds of cereals pass 

 through the station of Grasij annually. It is built on the American 

 system in reinforced concrete and wood, and contains 190 silos. The grain 

 is emptied automatically from the trucks into receptacles whence, auto- 

 matic lifts raise it to the higher storeys, where it is cleaned and classified. 

 It then falls back, of its own weight, to the lower storeys, where it is 

 weighed and stored. As the working day has ten hours, the Grasij 

 elevator can unload 160 trucks of i.ooo pouds each per day. 



