Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1908-03-12
Harris Grove Farmers Club

Saturday, Feb. 20, l CO, the
H. G. F. G. met at the hcre of
M. and Mrs. Walters. Reads
being bad and the weather un-
favorable several members of
the club We're absent.
The following visitors we1e
present G. Fl. D ur, of the
Union Club, M. and Mrs. j. H.
Latta ard children. MIR. and
Mrs. P. H. McCu,ly, and chill
dren. Mr.. and Mrs. Geo. Ho-
ward and daughter, Mr.. and
Mrs. Bobbitt, Mrs. Crump, Mel
lie Mckinney, Philip Perkins,
Earl Dupue, Lydia johnson,
Maud Hack and Clyde Haskins.
Club was called to order at
las and opened with instru-
mental music by Mr.. Wander
hoof. assisted at the piano by
Mr.. Weather!y, after which the
minutes were read ard APP
proved.
The following selections were
read and vigorously discussed:
Farmers should test their seed
corn, Mr.. Divelbess; High
Farming. Mrs. Longman; A
College Mania, Mrs. Orr.
Dinner was announced and
we proceeded to the dining
room. where we found the US
iyal coed dirner ~ atty g us,
jalili NO hours we've spent in
friendly chat. visiting and list
ening to music from the phono.
graph.
At ESQ >. M, the afternoon
session opened. mir. Longman
read, Learn 10 Laugh, and Mrs.
Jones read Thrift for the New
Year. Recitation by Nellie
McKenney. Questions were
then taken up.
LIST and End questions were
Had over until next meeting.
Bird question was favorably
answered by Mr.. Deur, of the
Union Club, and at the request
OF the members present, Mr..
Deur kindly favored US with
the following answer. What
are futures? 1t is presumed
the person asking the question
had refe, ence to dealing on the
Board of Trade in grains for
future delivery; and How is a
business deal accomplished?
/ Ordinarily you deposit with
your commission man cash to
the amount of not less than one
cent per bushel and instruct
to buy or sell, say ten thousand
bushels of May wheat, as the
market declines Or advances,
from day to day, you are re-
quired to keep up a cash bal
ance with the commission man
of sufficient amount to protect
the deal, if not so protected the
contract is closed, and loss
charged to your account, on the
other hand if you have pur-
chased the wheat, and the mar
ket has advanced above the
figures of purchased price, your
account when closed is credited
with the gain less one-fourth
cent per bushel, the customary
charges made by commission
men engaged in the business.
Is it legal, just and honest?
We answer no, because when
such transactions are mace, it
is not intended, or expected by
either buyer, or seller to termi-
nate the contract by actual de-
livery aud payment for the
wheat. 1t is simply wager
made between two men or con-
Germs with a commission man
as stake holder that the mar
ket will advance or decline he
!. fore The date agreed on, and as
it always does some one or the
other wins The difference as I he
difference ae t'pc cNse may ! e.
1t has been Judged illegal, md
, consequently must be unjust.
, Question for next meeting
Taking into consideration the
high price of grain and tho
fact that the farmers poultry
usually have fine access to feed
hunks and feed lots, about what
is the average loss per year on
j a flock of one hundred
chickens? Referred to Mrs. e.
j. Orr.
!. Committee on questions fcr
: next meeting, Mrs. Selvv. Nv
Vanderhoof and Mrs. Wealth
! erly.
1t was favorably decided ty
the club to purchase a recor7
hal. -, 1,,x