74 DEEP FURROWS 



way is gathered and classified drouth, rain, frost, 

 rust, locusts, hail, Hessian fly, monsoon or chinch bug. 

 In every corner of the earth where the wheat streams 

 take their rise, from green blade to brown head the 

 progress of the crop is recorded and the prospects fore- 

 casted on the steppes of Kussia, the pampas of the 

 Argentine, the valley of the San Joaquin, the prairies 

 of Western Canada and the Dakotas, the fields of India, 

 Iowa, Illinois and Kansas. Good news, bad news, the 

 movements of ships, the prices on the corn exchanges 

 of London and Liverpool, at Chicago, on the bourses of 

 Paris, Antwerp and Amsterdam all are listed. With 

 such a Timepiece of International Exchange ticking 

 out the doings of nations, both buyer and seller can 

 know what prices will govern their dealings. In office 

 or farmhouse an ear to a telephone is all that is 

 necessary. 

 A grain exchange, then, is the market-place _where 



grain fJPflWa mPpTfn SPPVITA 



f(>r thft prompt performance of contracts. 

 The exchange organization does not deal in grain, but 

 has for its sole purpose the protection of those who do 

 and the facilitating of transactions ; in other words, it 

 is on the ground to see that the grain trade is carried 

 on in an honest and capable manner and to punish 

 offenders against proper business ethics and estab- 

 lished rules. 



Its membership is composed of grain dealers doing 

 business in the exchange's territory milling companies, 

 exporting companies, line elevator companies as well 

 as independent dealers and "commission men." Besides 

 seeking a supply of wheat to keep their mills busy for 

 the season, the milling companies sell wheat. It is the 



