Congressional Edition Volume 5079

Congressional Edition Volume 5079

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 edition. Excerpt: ...coal in August. Commissioner Lane. Did you get that coal? Mr. Harris. I got that coal quite promptly; yes, sir. Commissioner Lane. Coal ordered in September you received? Mr. Harris. I did. Commissioner Lane. When did you cease to receive coal? Mr. Harris. The last car I received was about the 1st of this month--it was ordered on the 24th of October, and it was the 1st of December before it came into Bathgate. Commissioner Lane. Do you know how long it was in transit? Mr. Harris. I do not think it was over four days. Commissioner Lane. Cars can go over the road in short time? Mr. Harris. Yes, sir. Commissioner Lane. That is all. Mr. Marble. Did I ask you as to the effect of the shortage on the price of grain in your town? Mr. Harris. You did not. Mr. Marble. What has been the effect? Mr. Harris. Elevators have all bought on a higher margin than they ever did before, since I have seen in the grain business. Mr. Marble. You have bought on a wider margin? Mr. Harris. I have. I wish to say we have bought on a 6-cent margin part of the time, and then on a 2-cent margin early in the month, which was about our usual margin, until we found that the car situation was bad. I had wheat sold for November, and I had to buy wheat at Duluth the 1st of December to fill the obligation. Those things, with insurance, interest on the money--all have to be taken into consideration, so we have to borrow on a larger margin. Commissioner Harlan. What was that margin last year? Mr. Harris. About 2 cents. Commissioner Harlan. This year? Mr. Harris. Five or 6 cents. Mr. Marble. The farmers get that much less for their grain? Mr. Harris. Yes, sir. Mr. Marble. Do the farmers want to sell their grain? Mr. Harris. Yes, sir. Mr. Marble. You find them more

Product details

  • Paperback | 402 pages
  • 189 x 246 x 21mm | 717g
  • United States
  • English
  • black & white illustrations
  • 1236737369
  • 9781236737366