Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1921-04-08

8. Ownership of common stock
must bel limited to grain growers
4 Stock must be available for
sale to any grain grower in the com
munity who wishes to become a
stakeholder.
Cooperative elevator companies
may also be organized as non-stock
non-profit associations.
O. What will happen in case the
local farmers elevator company can
not or will not meet these require
ments?
A. If it does not do so within
reasonable time, and in communities
where there is no farmers elevator
, company the members of the ma
tional sales association will Join to-
gether in a local grain growers as
sociation.
O. What will be the relation of
the association to the local farmers
elevator company?
A. Whatever the members decide.
They can contract with the elevator
company, or with a private elevator
company, to receive, store and load
their grain for a specified charge.
They may, if they prefer, rent, buy
or build an elevator of their own.
Q. What does the cooperative
elevator company or grain growers
association do with it's grain?
A. 1t is under contract to sell it
through the national sales associa-
ton. In case the focal company
tuys the grain outright from mem
bers, ships on consignments, or han
dies the grain in a local pool the
national sales association acts as a
commission house only.
Q. Is there any way in which the
national sales association can con-
troll the time and place of selling
grain?
A. Yes. Any two or more local
cooperative elevator companies or
grain growers associations may de-
eide to combine their grain in pool
that includes more than one locality.
The control and disposition of all
such pools is in the hands of the ma
tional sales association. Advance
payments are made by it, the grain
is sold to the best possible advantage
and the proceeds, less selling and
handling costs, returned to the local
companies.
O. How will the new marketing
plan stabilize prices?
A. 1t will not do so all at once.
Ir time it will very largely wipe out
daily and weekly fluctuations, and
minimize monthly and yearly fluctu
ations so that they will be slow and
gradual, accurately rejecting world
conditions of supply and demand.
The most important means of
stabilizing the price of cash grain
/ is to stabilize the movement. If
cash buyers want a million bushels
of grain today and a million bushels
/ is offered for sale, the price will not
j change. If a million and a quarter
bushels is offered the bottom goes
out of the market.
Under the proposed plan the grain
growers in any community may pool
| heir grain with that of their neigh.
bors in the same community. Ad-
yances which will be made on the
pooled grain will relieve the finan-
cial pressure which often forces
farmers to sell on an unfavorable
grain will be determined by the di-
rectors or manager of the local ele-
yator company 1t is logical to sup
pose that they will distribute it more
evenly than two hundred farmers
acting individually could do. They
will not rush the grain all to market
at once. and they will avoid selling
on a glutted market. Thus they
will help to stabilize the movement
and consequently the price.
They will have important help
from the statistical department of
the sales association. This depart
ment will gather facts about supply
and demand from every source and
from all over the world. It's trained
experts will interpret these facts,
This information will be furnished
to each local elevator company by
mail and wire. 1t will be accurate,
unbiased information, not colored in
the interest of the Spectator.
AS a final step, the committee s
plan provides for larger pools when
ever the grain growers in any terri
ltory want them. The disposition OF
these larger pools will be in the