The weekly times-record. (Valley City, N.D.) 1912-1922, 1916-09-14
News Notes ofEquity Exchange

The grain expert, J A. McGOvern, re-
turned this week from trip through
Minnesota and North Dakota. He re.
ports conditions in North Dakota much
better than he expected to find them,
especially in the northwestern part OF
the state. Mr.. McGOvern found senti-
ment everywhere in favor Of st. Paul
as a grain market and is confident the
exchange will handle more grain this
year On poor crop than they did last
year on bumper crop. While in Da-
kota he visited his son, who is manag-
or Of the Farmers elevator company
at WiIdrose, and reports that he is do
ing nice business and everything Is
Equity there.
john S. Gogin, of Osnabrock, n. d.,
Eas Il pleasant caller at the ST. Paul
sffice last Friday and Saturday. Mr..
GOgin was one of the committee from
the northwestern states to notify Pres
ident Wilson of his nomination. but
Mr.. Gogin decided after reaching Chi
.ago that he had better return to his
farm, as farm work was pressing and
che danger of being tied up in the east
by the strike was very great hence he
did not go to Washington, but return.
ed home, paying the exchange visit
on his road. Mr.. Gogin is write on
agricultural subjects, great friend Of
cooperation, and is very much inter.
ested in the success of the Equity co.
operative exchange
Certain individuals who have for
merly been very enthusiastic over the
cooperative marketing of farm pro.
luce, and especially live stock, are
now predicting that the live stock de-
partment of the Equity cooperative
exchange at South St. Paul will not last
over six months. This, however, does
not scare the Equity fighters, as the
prediction was freely made by the
members Of the chamber of commerce
that had claimed to be the farmers
friends for years that the Equity CO.
operative exchange would last but so
Or 80 days, and it is still growing.
There is no good reason why the
farmers should not handle their own
live stock at South St. Paul, and there
are many reasons why they should,
and it the Equity members are loyal
to their own organization as they al
ways have been in the past, it is only
a question of very short time until
afley will have flourishing live stock
agency at South St. Paul.
Several letters received from Chas.
Sanderson, manager of the Farmers
sheraton company at Deisem, N. D., in.
d&ate that he is we'll pleased with the
shipments OF grain which he has ship
ped to the exchange. We are always
glad to get these letters and appreci-
ate the fact that the managers are be-
ginning to realize that the Equity sys-
sem is really the only system for the
Farmers to use in marketing their
grain
During the past week a number of
Farmers have called at the St. Paul
nffIce with bills of lading for cars of
grain and have sold the cars them.
selves or turned them over to the
Equity cooperative exchange and
drew what money they needed on the
grain. 1t certainly pleased the farm
ers to think that they have an honest
open market for their grain, where
they can take part in the selling il
they see fit to do so.
Representatives of the South St
Paul live stock exchange this last
week informed a representative of the
Equity cooperative exchange tha
they had three rules which unles!
changed would prevent them from ad
hitting the farmers to membership il
the South st. Paul live stock exchange
The three rules mentioned are First
Che rule that compels the farmers t,
buy one membership over every three
stockholders in their company Thi
rule would mean that the farmer
would buy over two thousand member
ships Of $4,000 each, in other words
over S5000,O0O worth of memberships
The second rule is one that prevent
the farmers from distributing thei
dividends among the live stock shil
pers in proportion to the amount {
live stock shipped. This rule is held t
be rebatting commissions and is COZ
srary to the rules on the South S
Paul live stock exchange.