Show speculating IN GRAIN one ot the largest schemes of gambling in the united is that wherein speculators buy and sell the grain of american farmers without ever handling or seeing it in fact four fifths of the wheat raised in the great mississippi valley is bought and sold many weeks before it is harvested and the same may be eaid of california grain this is done in the great produce exchanges and in these combinations the mere word if a man will many times transfer a million bushels of fictitious wheat at a time by the word fictitious we wish to convey that no wheat actually exists but the word of a seller is taken and the party purchasing trusts the first party as being in possession of the knowledge and means of securing the amount bargained for at a special time in case the basa is not fulfilled a bond is forfeited and many times it happens that a proposition to sell a certain amount of gain is taken up bv a second party thinking it cannot be forthcoming at a specified time the would be purchaser gains by a previous contract so it resolves itself into a aart of gambling of course where such deals caa be made it tends to lessen the demand in the market and causes the actual buying tobe pretty much a one sided affair is a heavy demand aej few men can at onibe supply this by fictitious deals it can then be seen that the market becomes crowded or satisfied before the farmer can handle the grain hims elfand no one stands in the way of the speculators from paying the poor farmer what they think best it is on account of the great injustice of this grain speculating that the american farmers are now trying to make some concerted move for their own protection tec tion |