228 THE BOOK OF CORN 



capacity 01 one million bushels grain, and, like dozens 

 of its fellows, is equipped with all modern arrange- 

 ments in the way of tracks, elevators, bins, etc. 



Under the rules of the Chicago board of trade, 

 and this is substantially true of other leading grain 

 exchanges, licenses are each year granted various 

 warehouse systems, declaring them "regular" houses 

 for the storage of grain and flaxseed. These are under 

 the supervision of the state grain inspection depart- 

 ment, and all grain and seeds handled therein are 

 represented by negotiable warehouse certificates, which 

 enter largely into the grain traffic. The total capacity 

 of the regular warehouses in Chicago is twenty-seven 

 million two hundred and fifty thousand bushels. In 

 addition to these are a considerable number of what are 

 technically known as "irregular" warehouses, the pro- 

 prietors for various reasons not caring to operate them 

 under the rules of the board of trade. These outside 

 houses have a total capacity of thirty million four hun- 

 dred and seventy thousand bushels, and there is here 

 suggested an aggregate capacity for the storage of fifty- 

 seven million seven hundred and twenty thousand 

 bushels grain in Chicago. 



Under the rules of the Chicago board of trade 

 the established storage rate of grain and flaxseed 

 received in bulk is three-fourths of a cent per bushel 

 for the first ten days, and one-fiftieth of a cent per 

 bushel per day for each additional day thereafter. 



Inspection rules relating to corn vary somewhat 

 in different states. As a fair index of trade require- 

 ments, herewith are printed the rules governing 

 inspection of grain in Chicago, according to the speci- 

 fications of the state board railroad and warehouse 

 commissioners. 



No i yellow corn shall be yellow, sound, dry, 

 plump and well cleaned. 



