These types of puzzles are known as charades. What you have to do is to find two words that are referred to in the first stanza and the second stanza and put them together to form the third word in the third stanza.
Just for example, if my first refers to 'off' and my second refers to 'ice', then my whole will be the 'office'.
My first is present - future's past -
A time in which your lot is cast.
My second is my first of space
Defining people's present place.
My whole describes a lack of site -
A place without length, breadth, or height.
A man has a barrel filled with oil that weighs 100 pounds, and then he puts something into it. Now the barrel weighs less than 100 pounds. What did he put in the barrel?
A boy purchased a book from a bookkeeper and gave him $100.
The cost of the book is $50 but the bookkeeper has no change, so he gets the change from the next shop and returns the boy his $50.
After some time the next shopkeeper came with the $100 note and told the bookkeeper that the note was a fraud, so he took the money back.
James ordered a fishing rod, priced at $3.56. Unfortunately, James is an Eskimo who lives in a very remote part of Greenland and the import rules forbid any package longer than 4 feet to be imported. The fishing rod was 4 feet and 1 inch, just a little too long, so how can the fishing rod be mailed to James without breaking the rules? Ideally James would like the fishing rod to arrive in one piece!