EFFECT OF EASE AND COST OF TRANSPORTATION ON PRODUCTION AND
MARKETING 273
Production Defined, Productive Activities -- Change of Form,
Change of Place, Change of Time. Nature and Labor. Capital
-- Stored up Labor. Marketing -- Wholesaling and Retailing.
Grain Exchanges; Defined, Object, Commission Merchant, Dealing
in Futures -- Hedging. Cooperative Marketing: Advantages.
Local Grain Merchant -- Financing Movement of Crops. Elements
Entering into the Cost of Marketing. Transportation from Farm
to Local Market. Cost of Production, Effect of Good Roads upon,
Intensive Farming, Fruit Farming, Long Haul Transportation.
Stock Marketing: Changing Character of Stock Raising, Distance
of Economic Hauling by Team and by Truck, Effect of Truck
Hauling on Number of Hogs Marketed. Seasonal Effect. Stock
Merchant -- Local, Shrinkage, Dairying. Poultry. Forestry:
Logging and Lumbering, Forest Management, Use of Truck and
Trailer, At Saw Mill, Log Loader, in Lumber Yards, Mining.
Factory Products. From Factory to Retailer. Terminal Charges
Eliminated. Construction.