MANAGER OF LOCAL ELEVATOR 255 



TABLE NO. 58— Continued 

 AVERAGE YEARLY EXPENSE 



Salary and incidental expense $1,157.70 



General expense 432.16 



Tax 64.45 



Insurance 60.00 



Shrinkage, average 1,089 bushels 720.65 



1-12 of average paid grain, $6,958 at 6% 417.51 



Interest on investment, elevator, at 6% 480.00 



Total $3,332.47 



Cost of handhng 137,846 bushels of grain, $3,332.47 or 2.4c per bushel. 



At another elevator owned by the same people the average cost was 



2.57 cents per bushel for handling the grain. 



In Grain Dealers Journal dated August 25, 1914, Mr. H. C. Roberts, 

 manager of the Farmer's Elevator Co., Illiopolis, 111., estimates the 

 cost of handling grain at 2.89 cents per bushel. Mr. E. B. Conover, 

 , manager of a grain company at Springfield, 111., in an itemized state- 

 ment gives the cost at 4.65 cents per bushel. The average cost of 

 handling grain may be roughly estimated at about three cents per 

 bushel. 



Qualifications of Manager of Local Elevator. (1) The manager 

 should be a good judge of commercial grades. Experience and ob- 

 servation will teach him the grading of corn as indicated by its color, 

 moisture content, and amount of dirt present. 



(2) An understanding of the meaning of market quotations is nec- 

 essary for an intelligent interpretation of market reports. Familiarity 

 with steps in the shipment of consignments will enable him to better 

 appreciate the need of lining cars before loading. A knowledge of 

 railroad rates and the details of car ordering will often do away virith 

 shortage of shipping facilities at the time of a good market. . . 



(3) Some education in regard to bookkeeping and banking will 

 stand the manager in hand as his business grows. The margin at 

 present on shipments of grain demands close figuring to insure profits. 



(4) The manager should be the progressive man of the locality. 

 His opinion upon the market should be respected by the shippers and 

 farmers. ' His interest in the farming, community should be substan- 

 tial in the way of promoting corn and small grain exhibits, besides in- 

 troducing new seed and advocating improved varieties. ;~~~';' 



