BUY CHICAGO TERMINAL ELEVATOR 



HISTORY is being made in cooperative grain marketing 

 in Illinois as the Illinois Grain Tenninals Company, 

 affiliate of the Illinois Agricultural Association, pre- 

 pares to operate a 2I/2 million bushel grain terminal 

 elevator in Chicago. This will mark the first time 

 than an Illinois grain cooperative has had such a marketing 

 outlet of its own. 



Operation of a terminal elevator gives the Illinois farmer 

 an unlimited market for his grain. It can move east, west 

 north, south or for export abroad; wherever the best price 

 beckons. It can move direct to the processor or other buyer. 

 A terminal elevator will enable the cooperative to clean, 

 dry, and blend grain. Drying facilities are extremely impor- 



Top: Homer Curtis* (center, seated) of Jo Daviess counfy, presi- 

 dent of Illinois Grain Terminals Company, signs agreement for 

 purchase of terminal elevator from the Chicago Grain Company, 

 a subsidiary of ffie Norrls Grain Company. Seated with Curtiss are 

 D. H. llpsey (left), Norrls Grain vice president; and R. J. Hanley, 

 Ch/cago Grain vice president. Standing (left to right) are A, ft. 

 Knelbler, assistant secretary, Norrls Grain; J. f. Holderman, Grundy 

 county, Illinois Grain Terminals secretary; and John J. VIcek, as- 

 sistant secretary, Chicago Grain. Bottom: This Is a view looking 

 east toward the purchased elevator. 



IAA*s Grain Company Affiliate 

 Will Enter Large Scale Terminal 

 Operation June 1 With Two and 

 One-half Million Bushel Elevator 



c 



New Venture Will Give Producer 

 Unlimited Markets 



tant in wet years, and apparently since the widespread use of 

 hybrid seed, are a necessary part of the grain marketing func- 

 tion, even in normal years. It is a well-known fact that a 

 considerable portion of the farmer's grain dollar is being 

 drained off in drying operations. Corn can be dried foe a 

 relatively small cost compared with the heavy discounts that 

 farmers have been taking on high moisture grain. 



In addition to the possibilities in the processing field, 

 a terminal facility also makes it possible to sell grain in large 

 lots and even in boat loads, rather than in just the amounts 

 than can be shipped out by car from the individual member 

 elevators. 



Dr. L. J. Norton, University of Illinois economist, also 

 lints out that terminal elevators perform a valuable service 

 iy storing grain marketed by farmers that is not used up cur- 

 rently or does not go directly into processors' stocks. 



These are just a few of the many advantages to be 

 gained from terminal grain merchandising operations. Full 

 details are being given at county grain meetings being held 

 throughout the state. 



Illinois Grain Terminals Company, under a purchase 

 agreement signed in March, is scheduled to take over the 

 Irondale terminal elevator situated at 107th Street and the 

 Calumet River, South Chicago, on June 1, 1949. 



This terminal is excellently located on 7.2 acres of land 

 accessible to both rail and deep water transportation. Main 

 unit of the elevator is an ofjen type steel structure with a 

 capacity of approximately 1 million bushels. A modern con- 

 crete annex has a capacity of approximately U/^ million 

 bushels. There is ample room for the construction of addi- 

 tional storage capacity of 3 million bushels. The facilities 

 will be developed to handle receipts of 50 cars and to ship 

 out 60 cars daily, to unload 100,000 bushels from river 

 barges, and to load 400,000 bushels on lake ships in 12 hours 



The purchase agreement for the terminal elevator was 

 signed with the Chicago Grain Corporation, a subsidiary of 

 the Norris Grain Company, which is now using the facili- 

 ties. 



The contract provides that present operating jjersonnel 

 of the Irondale elevator will continue to operate the elevator 

 for the Terminals Company. The contract also includes terms 

 for taking over inventories of grain on hand at the time the 

 Terminals Company takes possession of the elevator. Finan- 

 cial consideration involved in the transaction was $1,300,000. 



The Terminals Company will have a considerable volume 

 of grain to draw upon from its affiliates, both inland and 

 river, throughout Illinois. These marketing facilities include 

 24 county grain companies, 10 local elevators, and sub-terminal 

 elevators on the Illinois River at Havana, Lacon and Hennepin 

 and on the Mississippi River at Dallas City. These sub- 

 {Continued on page 34) 



L A. A. RECORD 



