. The book of wheat : an economic history and practical manual of the wheat industry. terminal points. By shipping their grain directly, they avoidthe middleman charge of the local dealer. The great mass ofsmaller farmers sell to the local elevators. The profits of thelocal buyers, however, have qUfite frequently been scaled to thelowest notch by competition. The Buyer of Wheat is alwgA^s located within hauling dis-tance of the producers home, ahere are two classes of buyers,the local grain dealers and the dealers who represent thetenninal grain buyers. The general policy of the railroads hasb
. The book of wheat : an economic history and practical manual of the wheat industry. terminal points. By shipping their grain directly, they avoidthe middleman charge of the local dealer. The great mass ofsmaller farmers sell to the local elevators. The profits of thelocal buyers, however, have qUfite frequently been scaled to thelowest notch by competition. The Buyer of Wheat is alwgA^s located within hauling dis-tance of the producers home, ahere are two classes of buyers,the local grain dealers and the dealers who represent thetenninal grain buyers. The general policy of the railroads hasbeen to rely upon these two classes of buyers to provide thecountiy elevator facilities needed for receiving and shippinggrain, and to enable them to do this promptly by furnishingthem with adequate transportation facilities. The terminalgrain buyers, controlling lines of hundreds of elevators, havebeen the most important factor in the producers grain local buyer is usually a dealer engaged exclusively in thegrain business, but frequently, especially in Minnesota and the. THE MARKETING OF WHEAT 217 Dakotas, farmers associations provide themselves with storageand elevating facilities, lo their own shipping, and sell throughcommission nerchants. The Local Grain Dealers Associations are one of the mainfeatures in the local elevator management. The two greatpuiposes that they have served were the improvement of thedistributive system and the securing of justice for the countryshipper at the primary markets. While the absence of these as-sociations would have been a public misfortune to producer andconsumer alike, there is much evidence that they have exceededthe limits of economic usefulness in some directions. It is forthe courts to determine whether they have exceeded the legallimits of rightful association. The Independent Grain Dealer has frequently served in amost useful capacity. He has generally had the sympathy andsupport of the grain producer. As a rule, his capi
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