MARKETING 143 



7. Explain the functions of the elevator in wheat market- 

 ing. 



8. What conditions led to the organization of line 

 elevators? What advantages can you see in such an 

 arrangement ? 



9. What are the farmers' elevators ? What causes have 

 led to the general organization of farmers' elevator com- 

 panies ? 



10. What is meant by the terms short haul and long haul 

 as applied to freight ? 



11. What are the chief central wheat markets in North 

 America ? Where are they located with respect to the wheat- 

 producing regions ? 



12. What are the principal terminal cities for wheat ex- 

 ports in North America ? 



13. What ocean is of first importance in the wheat trade 

 of the world ? Why ? 



14. Of what importance are the terminal elevators in the 

 marketing of wheat ? 



15. Briefly explain buying and selling in the wheat ex- 

 change. 



