HOURS FOR TRADING 311 



Telegraphic facilities are provided for the unhindered and prompt 

 communication with shippers, customers, purchasers and consumers. 

 Representatives of the press have constant and ready access to this 

 information. All prices are posted in the Exchange on the bulletin 

 board and this information is sent broadcast. Besides all this an 

 annual report is published, giving in the greatest possible complete- 

 ness all information relating to the production and distribution of the 

 various crops and other marketable products of the world. This 

 great service bureau has become a necessity to the business world. 



Fifth. To secure for its members the benefits of co-operation in 

 the furtherance of legitimate pursuits. Modern marketing has be- 

 come as much of a specialized business as the question of production. 

 Men who have devoted their time and energy in acquainting them- 

 selves with the problems of marketing are today a necessity in the 

 disposal of most of our farm products. Any advantage to be found in 

 co-operation then should be available when these men, including com- 

 mission merchants, brokers, etc., are working together. This does 

 not necessarily affect competition. It has already been pointed out 

 that the success and profit of these men is determined by the degree of 

 their ability to give satisfaction to the producer and shipper. They 

 are all working for the business and competition between them is very 

 keen. 



Hours for Regular Trading. "No trade or contract for the future 

 delivery of grain or provisions shall be made, or offered to be made, 

 by any member or members of this Association, in the exchange room 

 of the Board or in any of the public streets, courts or passages in the 

 immediate vicinity thereof, or in any hall, or exchange hall, or cor- 

 ridor in any building located or fronting on such streets, courts or 

 passages on any business day, except from 9:30 o'clock A. M. to 1 :15 

 o'clock P. M., or upon any Saturday except from 9:30 o'clock to 12 

 o'clock M. or on any day or that part of a day on which the Board 

 shall hold no business session; it being the object and intent of this 

 rule that all such trading which may tend to the maintenance of a 

 public market shall be confined within the hours above specified." 



