310 CORN 



Trade, especially the Exchange at Chicago, has probably done more 

 than any other agency in establishing the customs now prevailing 

 throughout the world in marketing. The rules and regulations 

 originated and enforced by the large grain exchanges today perhaps 

 have more influence on marketing than any other factor. 



Second — To inculcate the principles of justice and equity in trade. 

 In the accomplishment of this purpose a code of rules and regulations 

 has been established to govern all selling and buying through the ex- 

 change. The Board of Trade through its legal department devotes 

 much time to legislation affecting marketing. This department was 

 most active in combating the "bucket shop" evil. Through its trans- 

 portation department unjust and discriminatory freight rates are in- 

 vestigated and adjusted. Through its weighing department the ques- 

 tion of weights and measures is given constant attention. Through 

 its inspection department the proper grading of grain is watched to 

 prevent unscrupulous practices. Thus are inculcated the principles 

 of justice and equity. 



Third — To facilitate speedy adjustment of business disputes. With- 

 in the Board of Trade a special committee is provided to settle dis- 

 putes between members. The decision of this Board of Arbitration 

 must be respected. Matters of great consequence are settled quickly. 

 Questions of proper sampling and grading of grain, accurate weighing, 

 leakage and stealage in shipping, impartial transportation charges and 

 the like are constantly arising, and the Board of Trade through its 

 various departments contributes the best of expert service in settling 

 such disputes. 



Fourth — To acquire and disseminate valuable and economic in- 

 formation. Statistical information secured by the Board of Trade re- 

 lates not only to the trade of Chicago or other local markets in grain, 

 provisions, live stock, hay, flour, lumber, cured meats, dressed beef, 

 butter, cheese, hides, grass seeds, etc., but also has reference to such 

 commodities in other principal markets both domestic and foreign. 

 This information, daily, hourly, and in many instances, instantaneous- 

 ly, is at the service of the Board, which in turn transmit it to pro- 

 ducers to aid them in marketing their produce intelligently, and to 

 give instructions to their commission merchants as to the conduct of 

 their consignment. 



