Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1916-08-19
EQUITY MEN
FAVOR STOCK
SALE AGENCY
Directors Are Discussing Project
and Decision to Establish
Seems Certain
STUMBLING BLOCK
=. Is THROWN IN WAY

st. Paul, August 1S.-A conference
expected to result in decision to es
tablish a farmers live stock selling
agency in St. Paul was held yester.
day by directors of the Equity Coop
erative exchange. ....-.
! Thus far the exchange has limited
its operation to handling grain.
Agency Is Advisable.
After discussing financial matters
at the forenoon session the directors
introduced the stock selling subject
just before noon adjournment.
Sentiment showed unanimity of
opinion that such an agency is advis.
able. . ,a. s..
There was evident a division Of
opinion regarding whether the far
mers shall organize the live stock
agency as part of the Equity ex-
change or make it. an Independent
concern. @u,
That the live stock selling concern
must and will come was the belief
expressed by each of the nine direc-
tors present. ---
Conflict Of interests at business
meetings and difficulties of har-
monious arrangement of two diverg'
ert sorts Of operations were seen by
some of the directors in the sugges-
tion to have the proposed agency a
part of the grain exchange.
1t was pointed out that similar
situation was faced at the beginning
Of the Equity's history when handling
of dairy products proved a problem.
Tells How They Do It.
r. Mckenzie Of Winnipeg, secre-
tary of the Grain Grokers' Grain com
pany of Canada, told the directors his
Organization handles live stock d.
rect without hitch of any kind.
He said several hundred local
grain buyers assemble animals and
send them to terminal stockyards
where the company has men to re.
ceive and market them His organi.
zation, established ten years ago, op.
crates one leased elevator of 100000
bushels capacity, and is building an
other of 100000 bushels capacity at
Fort William. n fG
Fred =. Osborn, assistant secretary
of the exchange, IS said to be slated
as chairman of committee to be ap-
pointed late today to propose plans
for making the selling agency a real
ity.
Financial reports showed the ex-
change to he flourishing. The direc-
frrc infnrv,oo1 h,y n nh io1
the secretary and treasurer, that be-
tween s. and 100 ne wlocals in Min
nesota and the Dakotas have applied
for admission, and Montana shippers
have assured the exchange they will
send to st. Paul at least four times
as much grain as last year.
Big Season Coming.
He said the exchange expected to
handle 100000 bushels OF grain, of
which three-quarters will come from
Equity elevators. In spite of the
short crop the volume of business this
season will equal or exceed that of
last year, he declared @~--
Nebraska, a new district for Equity
operations, is expected to send con-
siderable amount of grain to st. Paul
this fall, the directors were informed.
A financial statement showed that
the exchange in the year closing Au-
gust 1, 191, had assets of $4,000 and
liabilities of $4,000. The previous
year assets were $213,000 and liabili-
ties $4,000, while in 1914 assets
were $4,000 and liabilities $64,0OO.
The directors decided to use the
new st. Paul terminal elevator as
storage place, for seed wheat, far
mers being advised, to hold as much
Of this as possible against an inevita-
BILE shortage next spring. They dis
cussed plans for handling corn for
Northwest farmers. - - : -