BUY CHICAGO TERMINAL ElEVATOR I 



HISTCJRY is bcinj; m.ulc m looptrativc grain marketing 

 in Illinois as the Illinois Grain Terminals C^ompany. 

 affiliate of the Illinois Agricultural Assoiialion, pre- 

 pares to operate a 21/ > million bushel grain terminal 

 elevator in Chicago, This will mark the first time 

 than an Illinois grain eooperitiw has had suth a marketing 

 outlet of its own. 



Operation of a tenninal elesator gi\es the Illinois tanner 

 an unlimited market for his L'raMi. It lan move east, west 

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

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

 A terminal ele\ator will enable the cooperative to clean, 

 dry. and blend grain. Dr\ing faciiitle^ are extremely impor- 



Top; Homer Curfiss (center, seated) ol Jo Daviesi tounty, presi- 

 dent of Illinois Grain Terminals Company , signs agreement for 

 purchase of terminal elevator from the Chicago Grain Company, 

 a subsidiary of the Norn's Grain Company, Seated with Curtiss are 

 D. H. Upscy (left), Norn's Groin vice president; and R. J. Hanley, 

 Chicago Grnin vice president. Standing (left to right) are A. R. 

 Knelbfer, assistant secretary, Norris Grain; J. f. Holdcrman, Grundy 

 county, Illinois Grain Terminals secretary; and John J. Vice.'t, o$- 

 sistant secretary, Chicago Grain. Bottom: This is o view looking 

 easf toward the purchased elevator. 



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lAA^s Grain Company Affiliate 

 Will Enter Large Scale Terminal 

 Operation June 1 With Two and 

 One-half Million Bushel Elevator 



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Netv Venture Will Give Producer 

 Unlimited Markets 



tant in wet years, and apparently since tlie widespread ll^e !•: 

 hybrid seed, are a necessary part of the grain marketing fun. 

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

 considerable portion of the farmer's grain dollar is bein,^ 

 drained off in drying operations. Clorn can be dried for .. 

 relatively small cost compared with the heavy discounts th..; 

 farmers have been taking on high moisture grain. 



In addition to the possibilities in the processing fieki, 

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

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

 than can be shipppd out by car from the individual membc- 

 elevators. 



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

 points out that terminal elevators perform a valuable serviu 

 by storing grain marketed by farmers that is not used up lur 

 rently or does not go directly into processors' stocks. 



These are just a few of the many advantages to he- 

 gained from terminal grain merchandising o[x.'rations. Ful! 

 details are being given at county grain meetings being held 

 throughout the state. 



Illinois Grain Termin-ds Company, under a purch.isc 

 agreement signed in March, is scheduled to take over the 

 Irondale terminal elevator situated at 10"'th Street and the 

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



This terminal is excellently located on 7.2 acres of lane! 

 accessible to both rail and deep water transportation. Main 

 unit of the elevator is an open type steel structure with .i 

 capacity of approximately 1 million bushels. A modern con 

 erete annex has a capacity of approximately Pi million 

 bushels. Tiiere is ample room for the construttion of addi 

 tional storage caj\icity of 3 million bushels. The facilitic- 

 will be developed to handle receipts of "^O cars and to shi: 

 out 60 cars daily, to unload 100,000 biLshels from rive 

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



The purchase agreement for the terminal elevator w,:~ 

 signed with the C hic.igo CJrain Corporation, a subsidiary o: 

 the Norris CJrain C ompaiiy, which is now using the facil 

 ties. 



The contract provides that present operating personnel 

 of the Irondale elevator will continue to operate the elevaK r 

 for the Terminals Company. The contract also includes tern.^ 

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

 Terminals Company takes possession of the elevator. Finarr 

 cial consideration involved in the transaction was $1,.300,00(' 



The Terminals Company will have a considerable volurr.' 

 of grain to draw upon from its affiliates, both inland in-' 

 river, throughout Illinois. These marketing facilities incluii- 

 24 county grain companies, 10 local elevators, and sub-termina' 

 elevators on the Illinois River at Havana, Lacon and Hennepin 

 and on the Mississippi River at Dallas City. These sub 

 (Continued on page 34) 



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I. A. A. RECORD 



